diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3f3bea15fee..dad1090553e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -47,6 +47,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 * [#2739](https://github.com/osmosis-labs/osmosis/pull/2739) Add pool type query
 * [#2803](https://github.com/osmosis-labs/osmosis/pull/2803) Fix total pool liquidity CLI query.
 
+### Misc Improvements
+
+* [#2804](https://github.com/osmosis-labs/osmosis/pull/2804) Improve error handling and messages when parsing pool assets.
+
 ## v12.0.0
 
 This release includes several cosmwasm-developer and appchain-ecosystem affecting upgrades:
diff --git a/x/gamm/pool-models/balancer/pool.go b/x/gamm/pool-models/balancer/pool.go
index b49b83451d9..c9315c81b0f 100644
--- a/x/gamm/pool-models/balancer/pool.go
+++ b/x/gamm/pool-models/balancer/pool.go
@@ -248,8 +248,12 @@ func (p Pool) parsePoolAssetsByDenoms(tokenADenom, tokenBDenom string) (
 ) {
 	Aasset, found1 := getPoolAssetByDenom(p.PoolAssets, tokenADenom)
 	Basset, found2 := getPoolAssetByDenom(p.PoolAssets, tokenBDenom)
-	if !(found1 && found2) {
-		return Aasset, Basset, errors.New("one of the provided pool denoms does not exist in pool")
+
+	if !found1 {
+		return PoolAsset{}, PoolAsset{}, fmt.Errorf("(%s) does not exist in the pool", tokenADenom)
+	}
+	if !found2 {
+		return PoolAsset{}, PoolAsset{}, fmt.Errorf("(%s) does not exist in the pool", tokenBDenom)
 	}
 	return Aasset, Basset, nil
 }
@@ -261,7 +265,10 @@ func (p Pool) parsePoolAssets(tokensA sdk.Coins, tokenBDenom string) (
 		return tokenA, Aasset, Basset, errors.New("expected tokensB to be of length one")
 	}
 	Aasset, Basset, err = p.parsePoolAssetsByDenoms(tokensA[0].Denom, tokenBDenom)
-	return tokensA[0], Aasset, Basset, err
+	if err != nil {
+		return sdk.Coin{}, PoolAsset{}, PoolAsset{}, err
+	}
+	return tokensA[0], Aasset, Basset, nil
 }
 
 func (p Pool) parsePoolAssetsCoins(tokensA sdk.Coins, tokensB sdk.Coins) (