Payden & Rygel (Los Angeles)

Name: Payden & Rygel
Address: 333 S. Grand Avenue, Los Angeles, CA, 90071
Telephone: 213-625-1900

Payden & Rygel is a large advisory firm based in Los Angeles. It manages $109.11 billion of regulatory assets for 997 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.

Payden & Rygel provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio management for pension and profit sharing plans. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Payden & Rygel: assets under management

The assets under management (AUM) of Payden & Rygel is $109.11 billion. The firm's AUM has grown by 250% since the beginning of its operation, and $23.73 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $108.84 billion in discretionary accounts and $263.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $112.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.09 million.

Investments

The firm invests in government bonds the most. They account for 20% of the total AUM. The second-largest asset type is other assets, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Payden & Rygel for their services and products based on a percentage of assets under management, fixed fees, 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 Payden & Rygel serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Payden & Rygel is corporations or other businesses with 112 clients and $31.66 billion of assets under management. Among the 10 most similar advisory firms, Payden & Rygel has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $107.67 billion for 556 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.

Payden & Rygel also advises several private funds. Namely, three liquidity funds. The minimum investment commitment required of non-related persons ranges from $45,000,000 to $150,000,000.

Careers at Payden & Rygel

The company employs 188 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Joan Ann Payden	President and ceo, director & shareholder	1 Aug 1983	50% - 75%	358476
Brian Webb Matthews	Managing principal, cfo, director and shareholder	1 Mar 1994	Other	2060962
Christopher Neil Orndorff	Managing principal, director and shareholder	1 Mar 1994	Other	1574211
James Patrick Sarni	Managing principal, director and shareholder	1 Apr 1995	Other	2202140
Edward Sanfern Garlock	Managing principal and director	1 Mar 1998	Other	1482002
Scott Jay Weiner	Managing principal, director and shareholder	1 May 1998	Other	1559643
Mary Beth Syal	Managing principal, director and shareholder	1 Oct 1999	Other	1618989
Asha Bhatt Joshi	Managing principal, director and shareholder	1 Dec 2000	Other	1538415
Laura Kathleen Zimmerman	Managing principal and director	1 Dec 2000	Other	1797398
Robin Bruce Creswell	Managing principal, director and shareholder	1 Jul 2002	Other	4853076
Edward Sanfern Garlock	Managing principal, chief compliance officer, director and shareholder	1 Oct 2004	Other	1482002
Gregory Tyler Morrison	Managing principal, director and shareholder	1 Dec 2008	Other	2357605
Mary Beth Syal	Managing principal, director and shareholder	1 Jan 2011	Other	1618989

Based in Los Angeles

The principal office where Payden & Rygel performs its advisory services is located at 333 S. Grand Avenue, Los Angeles, CA 90071, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 213-625-1900 or by fax 213-628-8488. The normal business hours are 6:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at payden.com.