{"url":"https://nivawealth.com/firms/pasi-investments-145640","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/145640","regulatoryAum":676296448,"crd":"145640","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1449240","suffix":null,"lastName":"FISHMAN","firstName":"RONALD","middleName":"JAY"},{"crd":"7661097","suffix":null,"lastName":"Ivey","firstName":"Derek","middleName":"James"},{"crd":"5650691","suffix":null,"lastName":"PANGARO","firstName":"JEFFREY","middleName":"MICHAEL"},{"crd":"6836640","suffix":null,"lastName":"Rendon","firstName":"Ashley","middleName":"W"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-19","regulatoryAum":385681638,"clients":229,"employees":5,"offices":2},{"filedOn":"2022-03-25","regulatoryAum":508618180,"clients":402,"employees":5,"offices":2},{"filedOn":"2023-08-09","regulatoryAum":450877716,"clients":415,"employees":7,"offices":2},{"filedOn":"2024-06-05","regulatoryAum":503293741,"clients":442,"employees":8,"offices":4},{"filedOn":"2025-03-27","regulatoryAum":564191601,"clients":467,"employees":8,"offices":3},{"filedOn":"2026-03-27","regulatoryAum":676296448,"clients":439,"employees":8,"offices":3}],"secFileNumber":"801-68712","legalName":"Pasi Investments, LLC","displayName":"Pasi Investments","slug":"pasi-investments-145640","website":null,"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"retirement_plan_adviser","typeLabel":"Retirement plans","feeDisclosure":"payment_only"},"founded":null,"organization":"Connecticut limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10 Talcott Notch Road, 2nd Floor","city":"Farmington","state":"CT","stateName":"Connecticut","country":"United States","postalCode":"06032"},"tradeNames":[],"registration":{"secApproved":"16 January 2008","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":582361.1832669323,"staff":{"employees":8,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":676296448,"discretionary":589621214,"discretionaryAccounts":369,"nonDiscretionary":86675234,"nonDiscretionaryAccounts":70,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":216,"regulatoryAum":65007418},{"label":"High-net-worth individuals","clients":35,"regulatoryAum":81165239},{"label":"Pension and profit-sharing plans","clients":179,"regulatoryAum":505075570},{"label":"State or municipal government entities","clients":9,"regulatoryAum":25048221}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":191450461},{"name":"Great West Trust Company LLC","shortName":"Great West Trust","location":"Greenwood Village, CO","smaAssets":273236486},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":108130375}],"custodyNote":"Pasi Investments has custody of $1.46M in client assets for 1 client.","otherCustodians":[],"leadership":[{"name":"Matthew Riordan","title":"Chief Financial Officer","crd":"1994424"},{"name":"Melanie Hancock Brown","title":"Chief Compliance Officer","crd":"7276213"},{"name":"Jacques Pierre","title":"Senior VP & Secretary","crd":"7721110"},{"name":"Megan Schneider","title":"Chairman & Treasurer","crd":"7618402"}],"ownership":[{"label":"U.S. Retirement Partners, Inc.","detail":"Member in the 75% or more ownership band and a control person, since September 2023."},{"label":"Usrp Holdings, Inc.","detail":"Indirect owner: a shareholder of U.S. Retirement Partners, Inc. in the 75% or more band and a control person, since December 2020.","parent":"U.S. Retirement Partners, Inc."},{"label":"Kusrp Acquisition, Inc.","detail":"Indirect owner: a shareholder of Usrp Holdings, Inc. in the 75% or more band and a control person, since December 2020.","parent":"Usrp Holdings, Inc."},{"label":"Kusrp Intermediate, Inc.","detail":"Indirect owner: a shareholder of Kusrp Acquisition, Inc. in the 75% or more band and a control person, since June 2023.","parent":"Kusrp Acquisition, Inc."},{"label":"Kusrp Holdings, Inc.","detail":"Indirect owner: a shareholder of Kusrp Intermediate, Inc. in the 75% or more band and a control person, since June 2023.","parent":"Kusrp Intermediate, Inc."},{"label":"TVG-Kusrp Holdings, LP","detail":"Indirect owner: a shareholder of Kusrp Holdings, Inc. in the 75% or more band and a control person, since June 2023.","parent":"Kusrp Holdings, Inc."},{"label":"TVG-Kusrp Holdings GP, LLC","detail":"Indirect owner: general partner of TVG-Kusrp Holdings, LP and a control person, since June 2023. Also general partner of TVG-Kusrp Aggregator, LP and a control person, since June 2023.","parent":"TVG-Kusrp Holdings, LP"},{"label":"TVG-Kusrp Aggregator, LP","detail":"Indirect owner: a limited partner of TVG-Kusrp Holdings, LP in the 50% to 75% band and a control person, since June 2023.","parent":"TVG-Kusrp Holdings, LP"},{"label":"Vistria Fund V, LP","detail":"Indirect owner: a limited partner of TVG-Kusrp Aggregator, LP in the 50% to 75% band and a control person, since June 2023.","parent":"TVG-Kusrp Aggregator, LP"},{"label":"Vistria Fund V (FT), LP","detail":"Indirect owner: a limited partner of TVG-Kusrp Aggregator, LP in the 25% to 50% band and a control person, since June 2023.","parent":"TVG-Kusrp Aggregator, LP"},{"label":"Vistria GP V, LP","detail":"Indirect owner: general partner of Vistria Fund V, LP and a control person, since June 2023. Also general partner of Vistria Fund V (FT), LP and a control person, since June 2023.","parent":"Vistria Fund V, LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":2},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"10 Talcott Notch Road, 2nd Floor","city":"Farmington","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"860-284-6880","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":2},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":93},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":3,"detail":"Stable Value/Sdba"}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/145640/PDF/145640.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pasi Investments have?","answer":"Pasi Investments has 439 clients and manages $676 million for them, as of March 2026. They include 216 individual clients, 179 pension and profit-sharing plans, and 35 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pasi Investments offer?","answer":"Pasi Investments provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Pasi Investments use?","answer":"Pasi Investments’ separately managed account assets are held at Great West Trust Company LLC (Greenwood Village, CO), with $273M, Charles Schwab & Co., Inc. (Westlake, TX), with $191M and National Financial Services LLC (Boston, MA), with $108M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pasi Investments have?","answer":"Pasi Investments has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Pasi Investments invest in?","answer":"At the end of its last fiscal year, Pasi Investments’ separately managed accounts held 93% registered funds (mutual funds, ETFs, BDCs), 3% other, 2% exchange-traded equities, 1% U.S. government and agency bonds and 1% cash and equivalents. The 3% other category is described as: Stable Value/Sdba.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pasi Investments?","answer":"Pasi Investments is owned through a chain of holding companies by Vistria Fund V (FT), LP. Its direct owner is U.S. Retirement Partners, Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pasi Investments get paid?","answer":"Pasi Investments is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Pasi Investments?","answer":"Pasi Investments’ main office is at 10 Talcott Notch Road, 2nd Floor, Farmington, CT 06032. Its phone number is 860-284-6880.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}