NEWPORT BEACH, CA--(Marketwire - February 14, 2011) - PIMCO, a leading global investment management firm, has launched a distribution platform in the U.S. for financial advisors and individual investors that seamlessly integrates the firm's thought leadership, investment solutions and client service resources to enhance value to its clients. As part of this effort, PIMCO has established a licensed broker-dealer called PIMCO Investments LLC (www.pimco.com/investments).
"Investors increasingly are looking for smart, relevant and thoughtful advice to help them make portfolio decisions and reach their goals," said Douglas Hodge, chief operating officer of PIMCO. "By establishing a fully integrated distribution platform, we intend to provide greater access to PIMCO's global investment solutions, intellectual capital and investment analysis, which are the core of our approach to delivering consistent risk adjusted returns to PIMCO's clients."
Added Jon Short, managing director and head of the firm's global wealth management business and chairman of PIMCO Investments: "PIMCO's Global Wealth Management organization now has more than 200 professionals who are fully dedicated to serving financial advisors and their clients. We have significantly expanded our focus on the retail segment through this effort and will enhance our partnership with advisors through our dedicated focus on providing superior client service, knowledge sharing and investment performance."
For more information about PIMCO Investments LLC, please visit the broker-dealer's website at www.pimco.com/investments.
About PIMCO
PIMCO is a leading global investment management firm, with offices in 10 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global diversified financial services provider.
Investors should consider the investment objectives, risks, charges and expenses of the PIMCO advised funds carefully before investing. This and other information are contained in the funds' prospectus and summary prospectus, if available, which may be obtained by contacting your PIMCO representative. Please read them carefully before you invest or send money.
All investments carry risk. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. ©2011, PIMCO
PIMCO advised funds are distributed by PIMCO Investments LLC, 1345 Avenue of the Americas, New York, NY 10105-4800, (888) 87-PIMCO. Prior to 2/14/2011 PIMCO advised funds were distributed by Allianz Global Investors Distributors LLC.
Contact Information:
Contact
Michael Reid
PIMCO Media Relations
212.739.3253
Michael.Reid@pimco.com