Sit Investment Fixed Income Advisors, Inc

CRD#106065
Investment Advisor Firm

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Learn more about Sit Investment Fixed Income Advisors, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Disclosures
  • State Registrations
  • Office Locations
  • Overview

    Sit Investment Fixed Income Advisors, Inc is a financial advisor company headquartered in Minneapolis, Minnesota. The firm handles $815.4 million in total assets across 10 customer accounts, placing it among the bigger financial advisory firms in the United States by assets under management (AUM). The firm has an average-sized group of 71 employees, of which 35 are financial advisors. Sit Investment Fixed Income Advisors, Inc is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like bonds, options and stocks.

    Sit Investment Fixed Income Advisors, Inc oversees all of the firm's client assets in a discretionary manner. Discretionary management signifies that transaction judgments are made by a portfolio manager without requiring the customer's approval. Sit Investment Fixed Income Advisors, Inc administers an average of $81.5 million for every customer account. The typical financial advisor at Sit Investment Fixed Income Advisors, Inc administers fewer than one client account, placing it among the most individualized firms in the country.

    The company's main office is at 3300 Ids Center, Minneapolis, Minnesota 55402. The firm is registered to serve clients in the state of Minnesota.

    Number of Advisors

    35

    Disclosures

    No

    Office Location

    3300 Ids Center
    Minneapolis, MN 55402

    Sit Investment Fixed Income Advisors, Inc by the Numbers

    Total Number of Employees

    71

    National Average: 4,943
    Total Number of Accounts

    10

    National Average: 2,522
    Average Account Size

    $81.5 million

    National Average: $1.3 million

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    Fee Structure

    Fees for financial management typically depend on the type of financial services offered. Fee types billed by the firm typically consist of the following fee structures: asset-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 75% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 37% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 3% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 17% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 1% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 40% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 12% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Disclosures

    Sit Investment Fixed Income Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    This content was compiled from the SEC and FINRA