Sit Investment Associates, Inc
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Overview
Sit Investment Associates, Inc operates as an advisory firm located in Minneapolis, Minnesota. Sit Investment Associates, Inc handles $3.2 billion in total assets over 85 accounts, making it one of the biggest firms in the nation by assets under management (AUM). Sit Investment Associates, Inc has an average-sized team, including 34 financial advisors. Sit Investment Associates, Inc is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like stocks, bonds and options.
Sit Investment Associates, Inc administers all of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell judgments for the client's account are made by a portfolio manager without requiring client approval. The advisory firm administers roughly $37.5 million in assets for every account. The typical advisor at Sit Investment Associates, Inc administers around three client accounts, placing it among the most personalized firms in the country.
The company's main office is located at 3300 Ids Center, Minneapolis, Minnesota 55402. The company is permitted to provide services to investors throughout a number of states, including Minnesota, Nebraska and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sit Investment Associates, Inc by the Numbers
$3.2 billion
71
85
$37.5 million
Fee Structure
Financial management fees largely are based on which services the firm provides the client. However, fees billed by the company typically consist of the following fee structure: asset-based. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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
-
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
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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
Sit Investment Associates, Inc works with high net worth investors, investment companies, pooled investment vehicles and charitable organizations. Out of its 85 customers, Sit Investment Associates, Inc's largest client group by number of accounts is high net worth investors, but it also manages money for 17 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 36.17%
- Other Individuals - 0%
- Corporations - 51.06%
- Charitable Organizations - 12.77%
* 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 Investment Associates, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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