Pico Associates
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Pico Associates works primarily with individual clients, including both non-high-net-worth and high-net-worth households, offering retirement income planning, portfolio management for individuals, and guidance on IRAs and employer-sponsored plans. The firm advises a small number of clients (about 21) with roughly $11 million in assets under management and tailors recommendations to each client’s stated goals and time horizon.
Investment recommendations emphasize no-load mutual funds and ETFs within a diversified, asset-allocation framework, supported by a proprietary fund-evaluation process that reviews manager tenure, holdings concentration, expenses, turnover, and benchmark-relative performance. The adviser operates largely on a non-discretionary basis—requiring client approval prior to trades—conducts regular (at least quarterly) reviews, and is structured as a fee-only firm that uses percentage-of-AUM billing rather than commissions.
Distinctive features compared with peers include the firm’s solo-practitioner structure and small, concentrated client roster combined with primarily non-discretionary relationships, a mix that is uncommon in this category. The firm reports no broker or product affiliations, accepts no soft-dollar benefits or outside commissions, does not advise private funds, does not take custody of client assets, and does not vote client proxies, which can affect how implementation and administrative details are handled.
Client services
Expertise
Fee options
$0 - $100,000: Greater of $50 or 1.5% (whichever is less) $100,000 - $500,000: 1.0% $500,000+: 0.75%
Minimum fee: Greater of $50 or 1.5% (whichever is less) of account value up to $100,000 Fee-only: Fee-only Registered Investment Adviser; fees paid directly by clients only, no commissions or other compensation received.
Main office
829 27th Avenue, 2nd Floor
Oakland CA 94601
Advisors at this office
1
Most active in
California
Also doing business as
Pico Associates · Tony Tadashi Pico
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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