Asset manager · EL Segundo, CA
First Pacific Advisors, LP
SEC-registered investment adviser · CRD 141823 · SEC 801-67160
At a glance
First Pacific Advisors, LP is an SEC-registered investment adviser based in EL Segundo, California, with $32.0 billion in regulatory assets under management as of its Form ADV filed July 20, 2026. Its largest client group by assets is investment companies, and it reports 1 individual clients. By Form ADV it is a asset manager, ranked 281st of 3,218 asset managers and 623rd of 17,210 SEC-registered advisers by assets.
Main office 800-982-4372fpa.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $32B
- Rank among asset managers
- #281 of 3,218
- Rank among all SEC RIAs
- #623 of 17,210
- Rank in California
- #73 of 1,873
- Individual clients
- 1
- High-net-worth clients
- 1
- Accounts
- 41
- Discretionary
- 100% of AUM
- Employees
- 73
- Advisory staff
- 21
- Offices
- 18
Owners and executives on its Form ADV
- Steven T. RomickDirector & Chief Executive Officer of the General Partner
- Mark (. LandeckerPartner
- Brian A. SelmoPartner
- Jeffrey M. HancockPartner
- Ryan A. LeggioPartner
- Abhijeet V. PatwardhanPartner
- David S. BrookmanDirector & Chief Operating Officer of the General Partner
- Edwin L. SetzlerTreasurer & Chief Financial Officer of the General Partner
- Eric R. BrownChief Compliance Officer; Secretary & Chief Legal Officer of the General Partner
Custody and brokerage
Broker-dealer
Hybrid RIA
First Pacific Advisors, LP is a hybrid RIA: 18 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 8 | $26B | 82% |
| Pooled investment vehicles | 21 | $4.8B | 15% |
| Pension and profit sharing plans | 8 | $501M | 2% |
| Charitable organizations | 3 | $353M | 1% |
| Corporations or other businesses | 1 | $0M | <1% |
| High-net-worth individuals | 1 | $0M | <1% |
Private funds
First Pacific Advisors, LP reports 13 private funds with $1.5B in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
First Pacific Advisors, LP answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗fpa.com ↗
AtlasMembers
The full record on First Pacific Advisors, LP
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 360 peers of its type and size
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- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does First Pacific Advisors, LP manage?
First Pacific Advisors, LP reports $32.0 billion in regulatory assets under management across 41 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 20, 2026.
What kind of firm is First Pacific Advisors, LP?
First Pacific Advisors, LP is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are First Pacific Advisors, LP’s clients?
By assets, its largest client types are investment companies ($26.4 billion, 8 clients); pooled investment vehicles ($4.8 billion, 21 clients); pension and profit sharing plans ($501 million, 8 clients).
Does First Pacific Advisors, LP manage private funds?
Yes. It reports 13 private funds with $1.5 billion in gross assets, including hedge funds, other private funds.
Does First Pacific Advisors, LP have any disciplinary history?
First Pacific Advisors, LP answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is First Pacific Advisors, LP’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →