U.S. Bancorp Asset Management, Inc

CRD#111912
Investment Advisor Firm

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Overview

U.S. Bancorp Asset Management, Inc operates as a financial advisor firm that has its headquarters in Minneapolis, Minnesota. It manages $81.5 billion in total assets across 65 client accounts, placing it among the biggest firms in the United States by assets under management (AUM). U.S. Bancorp Asset Management, Inc has a large group of 101 employees, of which 66 are financial advisors. U.S. Bancorp Asset Management, Inc does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like bonds, options and equities.

U.S. Bancorp Asset Management, Inc manages all of the firm's accounts in a discretionary manner. Discretionary management means that a portfolio manager makes transaction decisions for the client's account without requiring client consent. The investment advisory firm manages about $1.3 billion for every client account. The average financial advisor at U.S. Bancorp Asset Management, Inc oversees fewer than one client account, making it one of the most personalized advisor firms in the country.

U.S. Bancorp Asset Management, Inc's main office is at 800 Nicollet Mall, Minneapolis, Minnesota 55402. U.S. Bancorp Asset Management, Inc is allowed to serve customers across 52 U.S. states and territories.

Assets Under Management

$81.5 billion

Number of Advisors

66

Fee Structure

Asset-based, Other

Disclosures

Yes

Office Location

800 Nicollet Mall
Minneapolis, MN 55402

U.S. Bancorp Asset Management, Inc by the Numbers

Total Assets Under Management

$81.5 billion

National Average: $3.3 billion
Total Number of Employees

101

National Average: 4,943
Total Number of Accounts

65

National Average: 2,522
Average Account Size

$1.3 billion

National Average: $1.3 million

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Fee Structure

A financial advisor's fees typically depend on which services are provided. However, fee types billed by the firm most likely include the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

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.

  • Offered by 12% of firms

    Other

    Show Explanation

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

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.

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Types of Clients

It works with investment companies, pooled investment vehicles, state or municipal government entities and corporations. Out of its 65 clients, U.S. Bancorp Asset Management, Inc's biggest client group is corporations. None of its accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* 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

U.S. Bancorp Asset Management, Inc has disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA