# PCM Encore, LLC

> PCM Encore, LLC is an SEC-registered investment advisory firm in Aspen, CO, registered since 2024, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.

- CRD: 333127
- Filed as: PCM ENCORE, LLC
- Also doing business as: ENCORE, ENCORE INVESTMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Aspen, CO
- Filing period: October 2026
- Form ADV filing dated: September 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/333127
- AdvisorCensus page: https://advisorcensus.com/firm/pcm-encore-llc-aspen-co-333127

## Quick answers

**How is PCM Encore, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), PCM Encore, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is PCM Encore, LLC located?**
PCM Encore, LLC's principal office is in Aspen, CO, according to its Form ADV; the October 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is PCM Encore, LLC registered with the SEC or a state?**
PCM Encore, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 333127.

**How much does PCM Encore, LLC manage?**
PCM Encore, LLC reports $2,045,317,435 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (100% discretionary).

**How have PCM Encore, LLC's assets and staff changed since 2025?**
In the Form ADV data for PCM Encore, LLC: Regulatory assets under management: $1,235,192,427 in the October 2025 data and $2,045,317,435 in the October 2026 data, up 66%. Total employees: 9 in October 2025 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does PCM Encore, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (104); individuals (other than high net worth individuals) (71); corporations or other businesses not listed above (1).

**Which custodians does PCM Encore, LLC use?**
PCM Encore, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley as a custodian holding 10% or more of its separately managed account assets.

**Does PCM Encore, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/333127

**What changed in PCM Encore, LLC's recent Form ADV filings?**
In the October 2026 filing data: Employees performing advisory functions went from 8 to 9. Registered or notice-filed in MA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,045,317,435
- Discretionary: $2,045,317,435
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 71 | $39,841,316 |
| High net worth individuals | 104 | $1,841,849,801 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $163,626,318 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2024 (1 year)
- Employees: 18 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, FL, IL, MA, NC, NH, NJ, NY, OK, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Addison, TX
- Bellevue, WA
- Folsom, CA
- Miami, FL
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- advisermatch.com
- encoreinvestment.com
- Facebook facebook.com
- Instagram @pcmencore
- LinkedIn @pcm-encore
- YouTube @PCMEncore

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $1,235,192,427 | 9 | June 10, 2025 |
| October 2026 | $2,045,317,435 | 18 | September 29, 2026 |

Regulatory assets under management: $1,235,192,427 in the October 2025 data and $2,045,317,435 in the October 2026 data, up 66%.
Total employees: 9 in October 2025 and 18 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Employees performing advisory functions went from 8 to 9.
- Registered or notice-filed in MA.

### July 2026
- Employees performing advisory functions went from 6 to 8.
- No longer lists an office in Marco Island, FL.

### June 2026
- Regulatory assets under management went from $1,744,226,719 to $1,943,437,643 (+11%).
- Added an office in Folsom, CA.
- Added an office in Marco Island, FL.
- Registered or notice-filed in IL, NJ.

### April 2026
- Regulatory assets under management went from $1,235,192,427 to $1,744,226,719 (+41%).
- Registered or notice-filed in NH.

### December 2025
- Registered or notice-filed in CA, NY, OK.

### November 2025
- Changed its office addresses in Bellevue, WA.
- Added an office in New York, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. PCM Encore, LLC (CRD 333127): Form ADV filing data as of October 2026.