Sit Fixed Income Advisors Ii, LLC
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Learn more about Sit Fixed Income Advisors Ii, LLC
Overview
Sit Fixed Income Advisors Ii, LLC is an advisory company headquartered in Minneapolis, Minnesota. The company has $11.9 billion in total assets across 170 client accounts, making it one of the largest firms in the country by assets under management (AUM). Sit Fixed Income Advisors Ii, LLC has an average-sized group, including 34 financial advisors. Sit Fixed Income Advisors Ii, LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as bonds, options and stocks.
Sit Fixed Income Advisors Ii, LLC oversees the majority of the company's accounts on a discretionary basis. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without requiring client approval. The firm also manages three non-discretionary accounts with a total of $117.0 million in AUM. The investment advisory firm's typical account size is $69.7 million. The average advisor at Sit Fixed Income Advisors Ii, LLC manages about five client accounts, making it one of the most personalized advisor firms in the country.
Sit Fixed Income Advisors Ii, LLC's headquarters is located at 3300 Ids Center, Minneapolis, Minnesota 55402. It is registered to provide services to customers throughout a few states, including Arkansas, California, Illinois, Minnesota, New York, North Carolina, Ohio and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sit Fixed Income Advisors Ii, LLC by the Numbers
$11.9 billion
71
170
$69.7 million
Fee Structure
Financial advisory fees typically depend on which service is provided. Fee types charged by the company likely are comprised of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Sit Fixed Income Advisors Ii, LLC.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with a number of different customers. The firm provides services to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, insurance companies and corporations. Out of its 170 customers, Sit Fixed Income Advisors Ii, LLC's largest client group by number of accounts is charitable organizations, but it also caters to 25 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 5% of the firm's clients reside abroad.
- High-Net-Worth Individuals* - 21.19%
- Other Individuals - 0%
- Corporations - 55.08%
- Charitable Organizations - 23.73%
* 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
Sit Fixed Income Advisors Ii, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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