9AT: PRIVATE ASSET MANAGEMENT INC

PRIVATE ASSET MANAGEMENT INC

PRIVATE ASSET MANAGEMENT INC

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Adviser Profile

As of Date	03/17/2024
Registration status	Terminated
ADV Location	SAN DIEGO, CA, United States
Contact Info	858 xxxxxxx
Websites

AUM^*	751,318,590 -25%
of that, discretionary	751,318,590 -25%
Number of Employees	19 -14%
of those in investment advisory functions	10 -23%
Private Fund GAV^*	0
Avg Account Size	598,660 -19%
% High Net Worth	31.15% -26%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above
- Other

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Reported AUM

1B 860M 717M 574M 430M 287M 143M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

PRIVATE ASSET MANAGEMENT, INC. (PAM) was founded in 1993. The principal owner of PAM is The Stephen J. Cohen Trust dated December 24, 1997 - Management Trust as Amended October 24, 2016. The co-trustees of The Stephen J. Cohen Trust dated December 24, 1997 - Management Trust also serve as a Management Committee for the day-to-day and strategic operations of PAM. The co-trustees and members of the Management Committee are Jeffrey Witt, President, and Chief Executive Officer; Michael Berlin, Vice-President and General Counsel; Eric Blase, Vice-President; and Suzanne Cohen, Corporate Secretary. PAM is an independent investment advisory firm providing investment supervisory services, generally on a discretionary basis. PAM manages portfolios of stocks, bonds, and other investments for its clients with the authority to buy or sell securities without asking you. PAM buys or sells these securities in your account under the authority of our investment management advisory client agreement. PAM does not take ownership of your assets. The assets of each client are held in their name, generally through Charles Schwab and Co, Inc. (Schwab) and are available online for direct review by clients. PAM does not share or participate in any commissions. PAM does receive “soft-dollar” benefits from Schwab as described in Item 12.

As of the year-end, December 31, 2022, PAM managed 1,255 discretionary accounts with assets of $751,318,590 and provides client reporting for 151 non-managed accounts with assets of $55,889,776. PAM does not take management responsibility for non-managed accounts whose investment decisions are directed by the client. Generally, PAM provides customized individual investment advice, management services and places trades in stocks, bonds, mutual funds, federal and state government obligations, exchange traded funds, options and ADRs (American Depository Receipts which are holdings in foreign corporations) for its clients. Each account is individually managed although similar securities are generally held in most accounts. The holdings and performance of accounts varies between portfolio managers and between accounts. PAM is not a broker- dealer. PAM’s basic management style is one of long-term growth and value with an orientation for minimum volatility and transactional activity. PAM has in-house research analysts and portfolio managers who make the investment decisions for your account. PAM provides financial planning or wealth planning for both investment supervisory PAM clients and non- investment supervisory PAM clients. PAM does not participate in nor sponsor a wrap fee program.