Asset manager · LOS Angeles, CA
Payden & Rygel
SEC-registered investment adviser · CRD 107160 · SEC 801-19762
At a glance
Payden & Rygel is an SEC-registered investment adviser based in LOS Angeles, California, with $158.2 billion in regulatory assets under management as of its Form ADV filed July 15, 2026. Its largest client group by assets is state or municipal government entities, and it reports 87 individual clients. By Form ADV it is a asset manager, ranked 91st of 3,218 asset managers and 173rd of 17,210 SEC-registered advisers by assets.
Main office 213-625-1900payden.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $158B
- Rank among asset managers
- #91 of 3,218
- Rank among all SEC RIAs
- #173 of 17,210
- Rank in California
- #14 of 1,873
- Individual clients
- 87
- High-net-worth clients
- 82
- Accounts
- 895
- Discretionary
- 100% of AUM
- Employees
- 194
- Advisory staff
- 122
- Offices
- 2
Owners and executives on its Form ADV
- Joan A. PaydenPresident and CEO, Director & Shareholder
- Brian W. MatthewsManaging Director, CFO, Director and Shareholder
- Reza N. PishvaManaging Director, Chief Compliance Officer
- Bradley F. HershManaging Director, Director and Treasurer
- Gregory T. MorrisonManaging Director and Director
- Laura E. LakeManaging Director and Director
Custody and brokerage
Broker-dealer
Hybrid RIA
Payden & Rygel is a hybrid RIA: 50 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Payden & Rygel Distributors.
- Payden & Rygel Distributors ↗CRD 29868
Its Form ADV brochure (filed March 2026) names Payden & Rygel Distributors as the broker-dealer its advisers are registered with.
Certain employees of Payden & Rygel who may present one or more of the Payden Funds as potential investment vehicles for clients or prospective clients of the firm are registered representatives of Payden & Rygel Distributors.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| State or municipal government entities | 42 | $39B | 25% |
| Pension and profit sharing plans | 36 | $26B | 17% |
| Corporations or other businesses | 85 | $26B | 16% |
| Insurance companies | 49 | $20B | 13% |
| Charitable organizations | 105 | $18B | 12% |
| Pooled investment vehicles | 27 | $12B | 7% |
| Investment companies | 21 | $9.9B | 6% |
| Sovereign wealth funds and foreign official institutions | 10 | $3.4B | 2% |
| Banking or thrift institutions | – | $2.0B | 1% |
| High-net-worth individuals | 82 | $1.8B | 1% |
| Other | 20 | $533M | <1% |
| Individuals | 5 | $1M | <1% |
Private funds
Payden & Rygel reports 3 private funds with $684M in gross assets: liquidity funds, securitized asset funds (Form ADV Item 7.B).
Disciplinary disclosures
Payden & Rygel reports no disciplinary disclosures in Item 11 of Form ADV. 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
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗payden.com ↗
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The full record on Payden & Rygel
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 163 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Payden & Rygel manage?
Payden & Rygel reports $158.2 billion in regulatory assets under management across 895 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 15, 2026.
What kind of firm is Payden & Rygel?
Payden & Rygel 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 Payden & Rygel’s clients?
By assets, its largest client types are state or municipal government entities ($39.4 billion, 42 clients); pension and profit sharing plans ($26.1 billion, 36 clients); corporations or other businesses ($25.6 billion, 85 clients).
Does Payden & Rygel manage private funds?
Yes. It reports 3 private funds with $684 million in gross assets, including liquidity funds, securitized asset funds.
Does Payden & Rygel have any disciplinary history?
Payden & Rygel reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Payden & Rygel’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 (2026-07-15), 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 →