Pacific Income Advisers Inc

Pacific Income Advisers, Inc. is an independent, employee-owned investment advisory firm established in 1986. The firm specializes in fixed income and equities, managing approximately $1,831,014,000 in regulatory assets under management. Principal owners include Lloyd McAdams and Heather U. Baines. PIA offers fixed income and equity strategies through institutional separately managed accounts, retail wrap-fee programs, mutual funds, and model delivery programs. Clients are advised to open institutional accounts at a minimum of $1 million and wrap-fee accounts at $70,000. PIA charges annual advisory fees based on total assets under management, with fees negotiable for institutional accounts. The firm does not engage in performance-based fees. PIA's investment strategies include active management, adjustable rate securities, asset-backed securities, and more. The firm follows a Code of Ethics and has a proxy voting policy. PIA does not have disciplinary information to report and has not been involved in bankruptcy proceedings. Clients' assets are held by custodians, and PIA has limited power of attorney for trading. The firm does not have a soft dollar arrangement and does not direct brokerage for research services. PIA provides regular account reviews and voting of client securities' proxies.