# Pico Associates

> Pico Associates is a state-registered investment advisory firm in Oakland, CA, registered since 2005, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 136611
- Filed as: PICO ASSOCIATES
- Legal name: Tony Tadashi Pico
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Oakland, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/136611
- AdvisorCensus page: https://advisorcensus.com/firm/pico-associates-oakland-ca-136611

## Quick answers

**How is Pico Associates compensated?**
On its Form ADV (Item 5.E, October 2026), Pico Associates reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Pico Associates located?**
Pico Associates' principal office is in Oakland, CA, according to its Form ADV.

**Is Pico Associates registered with the SEC or a state?**
Pico Associates is a state-registered investment advisory firm, registered since 2005. Status as filed: APPROVED. CRD 136611.

**How much does Pico Associates manage?**
Pico Associates reports $10,983,423 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (0% discretionary).

**What types of clients does Pico Associates serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (15); high net worth individuals (6).

**Does Pico Associates report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/136611

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $10,983,423
- Discretionary: $0
- Non-discretionary: $10,983,423

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 15 | $2,567,246 |
| High net worth individuals | 6 | $8,416,177 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2005 (20 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- picoassociates.com

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pico Associates (CRD 136611): Form ADV filing data as of October 2026.