First Pacific Advisors (FPA) is a Los Angeles-based investment management firm specializing in value investing. They provide portfolio and money management services, focusing on capital preservation and steady asset growth through a multi-advisor strategy[1][3]. FPA manages closed-end investment companies like Source Capital, Inc., which invests in dividend-paying equities and private loans[4]. Their target audience includes long-term investors seeking stable returns. The unique selling proposition is their emphasis on value investing and a disciplined approach to asset management, prioritizing investors' interests[5].