Securian Asset Management, Inc
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Overview
Securian Asset Management, Inc is a financial advisor firm located in Saint Paul, Minnesota. It has $41.1 billion in assets over 357 customer accounts, placing it among the biggest firms in the United States by assets under management (AUM). The firm has an average-sized group, including 30 financial advisors. Securian Asset Management, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets such as options, equities and bonds.
Securian Asset Management, Inc oversees the majority of the firm's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments for the client's account without requiring client authorization. The company also has 22 non-discretionary accounts with a total of $718.9 million in assets. The company manages an average of $115.0 million in assets for each account. The typical financial advisor at Securian Asset Management, Inc administers around 12 client accounts, making it one of the more personalized firms in the country.
The company's main office is at 400 Robert Street North, Saint Paul, Minnesota 55101-2098. Securian Asset Management, Inc is registered to serve investors throughout 2 states, including Minnesota and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Securian Asset Management, Inc by the Numbers
$41.1 billion
89
357
$115.0 million
Products and Services
Securian Asset Management, Inc provides a number of financial services, including portfolio management for investment companies, portfolio management for institutional clients and selection of other advisers. It does sell products or offer services other than investment advice to its customers. The firm is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company and insurance company or agency.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees largely depend on which services the firm provides the client. However, fees charged by the company likely consist of any blend of the following fee types: asset-based, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The firm works with a broad range of investors. The firm works with banking institutions, investment companies, pension plans, charitable organizations, insurance companies and corporations. Out of its 357 clients, Securian Asset Management, Inc's largest client type is insurance companies. None of its customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 98.41%
- Charitable Organizations - 1.59%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Securian Asset Management, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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