Pnmac Capital Management, LLC (Westlake Village)

Pnmac Capital Management, LLC is a large advisory firm based in Westlake Village. It manages $7.81 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2008.

Pnmac Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pnmac Capital Management: assets under management

The assets under management (AUM) of Pnmac Capital Management, LLC is $7.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 13345% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.81 billion each.

Pnmac Capital Management has custody of $7.81 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pnmac Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pnmac Capital Management serves?

The only and largest group of clients of Pnmac Capital Management is pooled investment vehicles with 1 clients and $7.81 billion of assets under management. Among the 4 most similar advisory firms, Pnmac Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $7.81 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Pnmac Capital Management doesn't advise any private funds.

Careers at Pnmac Capital Management, LLC

The company employs 57 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stanford Lee Kurland	Chief executive officer and director	1 Mar 2008	Other	1057436
Jeffrey Paul Grogin	Chief administrative and legal officer and director	1 Mar 2008	Other	5519992
David Alan Spector	Chief investment officer and director	1 Mar 2008	Other	1877796
Llc Private National Mortgage Acceptance Company	Parent company	1 Mar 2008	75% - 100%	26-1740587
Michael Muir	Chief financial officer/chief operating officer	1 Mar 2008	Other	5283127
David Milton Walker	Chief credit officer	1 Mar 2008	Other	2143985
Julianne Marie Fries	Chief compliance officer	1 Apr 2008	Other	1713102
Andrew Sehoon Chang	Chief business development officer	1 May 2008	Other	5902107
Anne Dewey Mccallion	Chief financial officer	1 Apr 2009	Other	5772929
Bettina Marie Vagnoni	Chief compliance officer	1 Mar 2010	Other	2055845
Vandad Fartaj	Chief capital markets officer	1 Mar 2010	Other	4619436
Gino Emedio Malaspina	Chief compliance officer	1 Jul 2012	Other	6052662
Emily K Silva	Chief compliance officer	1 Jul 2014	Other	3224656
Derek Stark	Secretary	1 Mar 2015	Other	6464955
Derek William Stark	Secretary	1 Mar 2015	Other	6464955
Luanne Morris Garvey	Chief compliance officer	1 Jan 2017	Other	1640295
Andrew Sehoon Chang	Senior managing director and chief financial officer	1 Mar 2017	Other	5902107
Stanford Lee Kurland	Executive chairman	1 Mar 2017	Other	1057436
David Alan Spector	President and chief executive officer	1 Mar 2017	Other	1877796
Emily K Silva	Chief compliance officer	1 Dec 2017	Other	3224656
Jeffrey Paul Grogin	Senior managing director and chief administrative officer	1 May 2018	Other	5519992
Derek William Stark	Senior managing director and chief legal officer and secretary	1 May 2018	Other	6464955
Jocelyn M Dalkin	Chief compliance officer	1 Jul 2018	Other	6916088
Derrick Zandpour	Chief compliance officer	1 Jul 2019	Other	7153115

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hc Partners Llc	Indirect minority owner	1 Mar 2008	25% - 50%	30-0475635
Jonathon Scott Jacobson	Member	1 Mar 2008	50% - 75%	1211208
Llc Blackrock Mortgage Ventures	Indirect minority owner	1 Mar 2008	25% - 50%	26-2007086
Hcm Partners Llc	Indirect minority owner	1 Mar 2008	25% - 50%	30-0475635
Highfields Capital Investments Llc	Indirect minority owner	1 Mar 2008	25% - 50%	30-0475635
Inc Pennymac Financial Services	Indirect minority owner	1 Nov 2013	25% - 50%	80-0882793
Inc. Pnmac Holdings	Member	1 Nov 2018	25% - 50%	80-0882793
Inc. Pennymac Financial Services	Shareholder	1 Nov 2018	75% - 100%	83-1098934

Based in Westlake Village

The principal office where Pnmac Capital Management, LLC performs its advisory services is located at 3043 Townsgate Road, Westlake Village, CA 91361, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 818-746-2289. The normal business hours are 8:30am - 5:30pm on Monday - Friday.