Pagnatokarp Partners, LLC (Reston)


Pagnatokarp Partners, LLC is a large advisory firm based in Reston. It manages $1.8 billion of regulatory assets for 2,550 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, District of Columbia, and 10 other states.

Pagnatokarp Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and family office services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pagnatokarp Partners: assets under management

The assets under management (AUM) of Pagnatokarp Partners, LLC is $1.8 billion. The firm's AUM has grown by 31% since the beginning of its operation, and $2.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.75 billion in discretionary accounts and $47.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $694.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2 million.
Pagnatokarp Partners has custody of $1.2 billion in cash and securities for 238 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pagnatokarp Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pagnatokarp Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Pagnatokarp Partners is high net worth individuals with 92 clients and $1.43 billion of assets under management. Among the 8 most similar advisory firms, Pagnatokarp Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.8 billion for 336 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Pagnatokarp Partners doesn't advise any private funds.

Careers at Pagnatokarp Partners, LLC

The company employs 28 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Wayne Martin Zell joined the executive team most recently as the Chief Legal Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Pagnatokarp Managing member - class a 1 Dec 2015 75% - 100% 47-5505003
Llc Pagnatokarp Equity Member - class b 1 Dec 2015 Other 47-5523000
Paul Attilio Jr. Pagnato Chief executive officer 1 Dec 2015 Other 2224626
David William Karp Partner 1 Dec 2015 Other 2587445
Robin Deanne Sines Chief operating officer 1 Dec 2015 Other 2964119
Lars Gunnar Okeson Chief financial officer 1 Aug 2016 Other 6016170
Robert Everett Ciullo Managing director, advisors 1 Dec 2017 Other 1040561
Janice Marie Powell Chief compliance officer 1 Jan 2018 Other 4519492
Wayne Martin Zell Chief legal officer 1 Sep 2018 Other 7024216

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Paul Attilio Jr. Pagnato Trustee 1 Feb 2004 Other 2224626
Trust Paul A. Pagnato Jr Member 1 Dec 2015 75% - 100% xxx-xx-xxxx
David Karp 2014 Trust Member 1 Dec 2015 25% - 50% xxx-xx-xxxx

Based in Reston

The principal office where Pagnatokarp Partners, LLC performs its advisory services is located at 11951 Freedom Drive, Reston, VA 20190, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703.468.2700 or by fax 703-991-2168. The normal business hours are 8:30am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pagnatokarp.com.