Private Asset Management Inc

PRIVATE ASSET MANAGEMENT, INC. (PAM) is a registered investment adviser founded in 1993, with its principal owner being The Stephen J. Cohen Trust. The firm specializes in providing investment supervisory services on a discretionary basis, managing portfolios of stocks, bonds, and other investments for clients. PAM does not take ownership of client assets, which are held in their name, typically through Charles Schwab. The firm's investment strategy focuses on long-term growth and value with minimal volatility and transactional activity. PAM offers customized individual investment advice, management services, and financial planning. Fees are charged based on a percentage of assets managed, with an annual fee of up to 1.50%. PAM does not charge performance-based fees or manage assets for investment companies that could create conflicts of interest. The firm serves individuals, high net worth individuals, trusts, corporate pension plans, and charitable institutions, generally requiring a minimum account value of $100,000. PAM does not participate in wrap fee programs and acts as a fiduciary, prioritizing clients' best interests. Clients have investment discretion but receive guidance from PAM's in-house research analysts and portfolio managers. PAM does not vote client securities and does not have any financial commitments impairing its ability to meet client obligations.