Pacific Financial Group, LLC is a privately-owned investment advisor and a subsidiary of The Pacific Holdings Group, LLC. The fee-only financial advisor is headquartered in Newport Beach, California, and it currently has more than $2.2 billion in assets under management (AUM). The firm also has more than 1,000 clients.
The firm primarily works to help other businesses enhance their client relationships. For an advisor who specializes in working with individual portfolios, use SmartAsset’s free financial advisor matching service.
Pacific Financial Group Background
Pacific Financial Group was founded in 2006, but it began operations as a registered investment advisor (RIA) in 2007. In September 2017, the firm shifted to become a subsidiary of The Pacific Holdings Group, LLC. Megan Meade and Nicholas Scalzo are both co-chief executive officers of the firm, as well as The Pacific Financial Group, Inc. and Pro Tools, LLC. The Pacific Financial Group, Inc. and Pro Tools, LLC are also subsidiaries of The Pacific Holdings Group, LLC.
The firm offers services in three different areas of business. It works as the sole distributor of a risk analysis and portfolio construction software called RiskPro. The firm also offers services through a Turnkey Asset Management Program, and it serves as an investment advisor to New Pacific RiskPro Mutual Funds. The Pacific Financial Group’s Turnkey Asset Management Program, which is also called Market Movement Solutions, serves both institutional money managers and various other clients. The firm refers to clients under the program as platform clients.
What Types of Clients Does Pacific Financial Group Accept?
Pacific Financial Group offers services to platform clients, platform advisors and their clients and solicitors and their clients. The firm’s platform clients generally include individuals, high-net-worth individuals, trusts and estates, individual participants of retirement plans, profit sharing plans, charitable organizations and businesses.
Pacific Financial Group Minimum Account Sizes
The account minimums the firm requires vary per account type. For the Fund account, clients will need at least $10,000. Clients will need between $25,000 and $50,000 for the Fund Strategist Portfolio account. Clients using a Unified Managed Account will need at least $50,000, while you’ll need $200,000 for the Multi-Mandate Model. Account minimums for separately managed accounts range from $250,000 to $500,000, depending on manager minimums.
Services Offered by Pacific Financial Group
Pacific Financial Group offers a variety of services and products to its clients. These include:
- Individualized investment management services
- Impersonal management services
- Non-investment management services
- Portfolio management
- Pension consulting
- Risk profiling/asset allocation software distribution
- Investment products
- Mutual funds and exchange-traded funds (ETFs)
- Model portfolios
- Multi-mandate models
Pacific Financial Group works to enhance advisor-client relationships by creating technology and investment solutions to meet industry challenges. The firm says it believes in applying new and forward-thinking techniques in helping businesses become more efficient.
Fees Under Pacific Financial Group
Pacific Financial Group charges three different fees for its investment management services. These include a total client fee which consists of a platform fee and solicitor fee; a platform strategist fee for institutional money managers and, where applicable, and other fees. Pacific Financial Group charges the total client fee on a quarterly basis and in advance, and the fee is based on AUM as of the last business day of the previous quarter. Though the annual fee may be negotiable by Pacific Financial Group, the firm generally charges 0.45%. A portion of the fee is paid by the firm to a back-office provider that performs on behalf of a client’s account. When a client first opens and funds their account and for additional deposits of at least $10,000, Pacific Financial Group calculates the management fee based on the deposit’s value, which is prorated for the number of days remaining in the quarter.
Institutional money managers, or platform strategists, also make payments to the Pacific Financial Group. As compensation for solicitor services, the firm pays an annual fee which cannot exceed 1.50%.
What to Watch Out For
The firm may not be the best option for individual clients, as it primarily works to enhance advisor-client relationships. Therefore, you may want to consider other options if you’re interested in a firm that specializes in such service. Find an advisor who specializes in individual clients through SmartAsset’s free financial advisor matching service.
The firm does not have any disclosures, according to its most recently filed Form ADV.
Opening an Account With Pacific Financial Group
If you’d like to open an account with Pacific Financial Group, you can either visit, or you can call the firm’s headquarters at (714) 427-5800. You can also visit any of its other offices to speak with an advisor, or you can fill out the contact form provided on its website.
Where is Pacific Financial Group Located?
Pacific Financial Group is headquartered in Newport Beach, California, but it also has an office in Bellevue, Washington.
Tips to Become a Better Investor
- It’s important to determine your time horizons and risk tolerance before you make investments. You’ll also want to consider things like how much you’re willing to spend, and whether you want to invest actively or passively. SmartAsset’s investment calculator can give you a better idea of how much your money can generate over time.
- If you’d like expert advice with your finances, a financial advisor could be right for you. They can offer a customized and holistic approach to helping you meet your savings goals. SmartAsset’s financial advisor matching tool pairs you with up to three local advisors suitable to your financial goals.
All information was accurate as of the writing of this article.