Pasi Investments, Llc
SEC-registered
Institutional / Pension Advisor · Small ($100M–$1B)
CRD 145640
· SEC file 801-68712
· Farmington, CT
· www.pasiusa.com
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ADV data as of Mar 27, 2026
- Regulatory AUM
- $676M
- Discretionary
- $590M
- Clients
- 439
- Avg AUM / client
- $1.5M
- Accounts
- 439
- Employees
- 8
AUM over time
$111M
$676M
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 216 | $65.0M | 9.61% |
| High net worth individuals | 35 | $81.2M | 12.0% |
| Pension and profit sharing plans | 179 | $505M | 74.7% |
| State or municipal government entities | 9 | $25.0M | 3.7% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| The Root Center For Advanced Recovery 403(b) Plan Hartford Dispensary | 2024 |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Hancock Brown, Melanie, Joy | Chief Compliance Officer | Sep 2023 (3y) | Less than 5% | |
| Pierre, Jacques | Senior Vp & Secretary | Sep 2023 (3y) | Less than 5% | |
| Riordan, Matthew, Gerard | Chief Financial Officer | Sep 2023 (3y) | Less than 5% | |
| Schneider, Megan, E | Chairman & Treasurer | Sep 2023 (3y) | Less than 5% | |
| Ronald Jay Fishman | Registered representative | Jan 2008 (19y) | ||
| Jeffrey Michael Pangaro | Registered representative | Aug 2021 (5y) | ||
| Ashley W Rendon | Registered representative | Mar 2022 (4y) | ||
| Derek James Ivey | Registered representative | Mar 2023 (3y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| U.S. Retirement Partners, Inc. | Member | Sep 2023 | A | 75% or more |
| Kusrp Intermediate, Inc. | Shareholder | Jun 2023 | B | ≈ 31.64% – 100% via Kusrp Acquisition, Inc. |
| Usrp Holdings, Inc. | Shareholder | Dec 2020 | B | ≈ 56.25% – 100% via U.S. Retirement Partners, Inc. |
| Kusrp Acquisition, Inc. | Shareholder | Dec 2020 | B | ≈ 42.19% – 100% via Usrp Holdings, Inc. |
| Kusrp Holdings, Inc. | Shareholder | Jun 2023 | B | ≈ 23.73% – 100% via Kusrp Intermediate, Inc. |
| Tvg Kusrp Holdings, Lp | Shareholder | Jun 2023 | B | ≈ 17.8% – 100% via Kusrp Holdings, Inc. |
| Tvg Kusrp Aggregator, Lp | Limited Partner | Jun 2023 | B | ≈ 8.9% – 75% via Tvg Kusrp Holdings, Lp |
| Vistria Fund V, Lp | Limited Partner | Jun 2023 | B | ≈ 4.45% – 56.25% via Tvg Kusrp Aggregator, Lp |
| Vistria Fund V (Ft), Lp | Limited Partner | Jun 2023 | B | ≈ 2.22% – 37.5% via Tvg Kusrp Aggregator, Lp |
| Tvg Kusrp Holdings Gp, Llc | General Partner | Jun 2023 | B | GP / trustee / elected manager of Tvg Kusrp Holdings, Lp (indirect) |
| Vistria Gp V, Lp | General Partner | Jun 2023 | B | GP / trustee / elected manager of Vistria Fund V, Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Kusrp Intermediate, Inc.: 75% – 100% of Kusrp Acquisition, Inc. × 75% – 100% of Usrp Holdings, Inc. × 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Usrp Holdings, Inc.: 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Kusrp Acquisition, Inc.: 75% – 100% of Usrp Holdings, Inc. × 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Kusrp Holdings, Inc.: 75% – 100% of Kusrp Intermediate, Inc. × 75% – 100% of Kusrp Acquisition, Inc. × 75% – 100% of Usrp Holdings, Inc. × 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Tvg Kusrp Holdings, Lp: 75% – 100% of Kusrp Holdings, Inc. × 75% – 100% of Kusrp Intermediate, Inc. × 75% – 100% of Kusrp Acquisition, Inc. × 75% – 100% of Usrp Holdings, Inc. × 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Tvg Kusrp Aggregator, Lp: 50% – 75% of Tvg Kusrp Holdings, Lp × 75% – 100% of Kusrp Holdings, Inc. × 75% – 100% of Kusrp Intermediate, Inc. × 75% – 100% of Kusrp Acquisition, Inc. × 75% – 100% of Usrp Holdings, Inc. × 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 8.9% – 75% of the firm
- Vistria Fund V, Lp: 50% – 75% of Tvg Kusrp Aggregator, Lp × 50% – 75% of Tvg Kusrp Holdings, Lp × 75% – 100% of Kusrp Holdings, Inc. × 75% – 100% of Kusrp Intermediate, Inc. × 75% – 100% of Kusrp Acquisition, Inc. × 75% – 100% of Usrp Holdings, Inc. × 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 4.45% – 56.25% of the firm
- Vistria Fund V (Ft), Lp: 25% – 50% of Tvg Kusrp Aggregator, Lp × 50% – 75% of Tvg Kusrp Holdings, Lp × 75% – 100% of Kusrp Holdings, Inc. × 75% – 100% of Kusrp Intermediate, Inc. × 75% – 100% of Kusrp Acquisition, Inc. × 75% – 100% of Usrp Holdings, Inc. × 75% – 100% of U.S. Retirement Partners, Inc. × 75% – 100% direct ≈ 2.22% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| The Root Center For Advanced Recovery 403(b) Plan | Hartford Dispensary | 242 | $14.7M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.15 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
Custody
Reported custodians
- Great West Trust Company, Llc $273M (40% of AUM) Mar 2026
- Charles Schwab & Co. $191M (28% of AUM) Mar 2026
- Empower Retirement $147M (53% of AUM) Oct 2019
- National Financial Services (Fidelity) $108M (16% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗