Pacific Income Advisers (PIA) is an employee-owned investment advisory firm that has been in business since 1986. PIA offers both fixed income and equity strategies. PIA provides these strategies through institutional separately managed accounts, retail separately managed wrap-fee program accounts, mutual funds, and model delivery programs. PIA does not tailor model portfolios delivered to unaffiliated investment advisors to the specific needs of those advisors' clients.
Fee Structure
Pacific Income Advisers (PIA) manages investments through several platforms. Fees for retail wrap-fee programs generally vary between 1.00% and 1.50% of the assets managed, as charged by the program sponsor. The amount PIA receives from the wrap fee depends on the terms agreed upon with the wrap-fee sponsor, the client's account size, related investment management accounts, individual account investment restrictions, and whether assets are invested in PIA's mutual funds. PIA charges management fees for acting as investment manager for PIA’s non-MACS Mutual Funds. Such fees are calculated depending on the portfolio style, and paid monthly in arrears. PIA Short-Term Securities Fund charges 0.20% of assets under management and PIA High Yield Fund, Institutional Class charges 0.55% of assets under management.