Wealth manager, independent · Aspen, CO
PCM Encore, LLC
SEC-registered investment adviser · CRD 333127 · SEC 801-131243
At a glance
PCM Encore, LLC is an SEC-registered investment adviser based in Aspen, Colorado, with $2.0B in regulatory assets under management as of its Form ADV filed September 29, 2026. It reports 175 individual clients, 104 of them high-net-worth, holding an average of about $11 million each, and 18 employees. That ranks it 541st among the nation’s 5,657 independent wealth management RIAs and 10th of 177 in Colorado. It reports Morgan Stanley as the custodian for its clients’ separately managed accounts.
Up $102M from $1.9B in its previous filing; rank 574 → 541. This month’s movers →
Main office 425-214-1755encoreinvestment.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.0B
- Rank among independent wealth managers
- #541 of 5,657
- Rank among all SEC RIAs
- #3,579 of 17,210
- Rank in Colorado
- #10 of 177
- Individual clients
- 175
- High-net-worth clients
- 104
- Accounts
- 798
- Discretionary
- 100% of AUM
- Employees
- 18
- Advisory staff
- 9
- Offices
- 11
Owners and executives on its Form ADV
- Michael J. PaulusManaging Member & Chief Executive Officer, Trustee of Paulus Family Irrevocable Trust
- Samuel N. RiceChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
PCM Encore, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 104 | $1.8B | 90% |
| Corporations or other businesses | 1 | $164M | 8% |
| Individuals | 71 | $40M | 2% |
Disciplinary disclosures
PCM Encore, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗encoreinvestment.com ↗
AtlasMembers
The full record on PCM Encore, LLC
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, 1 years of filings
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- Growth over one, three and five years
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- Rank against 1,925 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Colorado
All of Colorado →| Firm | Regulatory AUM | Clients |
|---|---|---|
| GHP Investment Advisors IncDenver | $3.1B | 1,226 |
| Obermeyer Wealth PartnersAspen | $3.0B | 1,115 |
| BSW Wealth PartnersBoulder | $2.2B | 476 |
| Cherry Creek Family OfficesDenver | $2.0B | 20 |
| Nilsine Partners, LLCGreenwood Village | $1.9B | 540 |
| Buck Wealth Strategies, LLCDenver | $1.6B | 2,734 |
Background
Questions
How much does PCM Encore, LLC manage?
PCM Encore, LLC reports $2.0B in regulatory assets under management across 798 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 29, 2026.
How many clients does PCM Encore, LLC have?
It reports 175 individual clients: 104 high-net-worth individuals and 71 other individuals. Individuals account for about 92% of its regulatory assets.
Where is PCM Encore, LLC headquartered?
Its main office is in Aspen, Colorado. It reports 11 offices in total and 18 employees, 9 of whom perform investment advisory functions.
How does PCM Encore, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does PCM Encore, LLC use?
It reports Morgan Stanley as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 29, 2026, it reports these amounts held: Morgan Stanley ($1.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is PCM Encore, LLC a hybrid RIA with a broker-dealer?
PCM Encore, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is PCM Encore, LLC a fiduciary?
As an SEC-registered investment adviser, PCM Encore, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is PCM Encore, LLC’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 (2026-09-29), 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). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. 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 →