Reed
Steinmann

Allspring Funds Management, LLC

CRD#4970643
Investment Advisor
in Elgin, IL

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About this Advisor

Reed Steinmann is a financial advisor working in Elgin, Illinois who has 8 years of industry experience. Steinmann is an advisor for Allspring Funds Management, LLC. During their career, the advisor has held roles at Lincoln Financial Advisors, Wells Fargo Distributor, LLC and Wells Fargo Funds Management, LLC. Steinmann holds a Series 66 license, designating them as both a securities agent and an investment advisor representative, and is registered to serve investors in Illinois. Allspring Funds Management, LLC is a financial advisory business that has its headquarters in Charlotte, NC. The investment advisory business has offices in six locations and a total of 418 people on staff. It administers $235 billion in total assets between its 7,030 client accounts, making it one of the biggest firms in the country by assets under management. The firm serves 27 charities and foundations. Of its 7,030 client accounts, just 8% are associated with high-net-worth investors who have more than $1 million in assets available to invest. Allspring Funds Management, LLC offers a wide array of services, such as portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. Fees for financial management usually vary depending on which service is provided. Fees charged by Allspring Funds Management, LLC most likely include asset-based and performance-based fees.

Certifications and Registrations

Series 66

Years Registered*

8 years

Services Offered

Portfolio management for individuals and/or small businesses, Portfolio management for investment companies, Portfolio management for pooled investment vehicles, Portfolio management for businesses or institutional clients, Selection of other advisers

Fee Structure

Percentage of Assets, Performance-based Fees

Office Location

Elgin, IL

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Allspring Funds Management, LLC Brokerage Details

Total Assets Under Management

$235,232,798,890

IL Average: $3,625,019,099
Total Number of Employees

418

IL Average: 22
Total Number of Accounts

7,030

IL Average: 1,917
Average Account Size

$33,461,280

IL Average: $1,890,985

Investment Advisory Services

  • Portfolio management for individuals and/or small businesses
  • Portfolio management for investment companies
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses or institutional clients
  • Selection of other advisers

Reed Steinmann Work History

Reed has been registered as a financial advisor for 8 years.*

2015 - Present (9 years)

Wells Fargo Distributor, LLC

2015 - Present (9 years)

Wells Fargo Funds Management, LLC

2012 - 2015 (3 years)

Lincoln Financial Advisors

*The number of years registered in this profile is calculated by taking the year of an advisor's first active registration and subtracting it from the current year.

Disclosures

Please visit the SEC profile of Reed Steinmann to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

Financial Advisors at Allspring Funds Management, LLC

Kevin Kelly
Charlotte, NC
Jamie Poulos
Menomonee Falls, WI
Jeffrey Jennings
Larkspur, CA
Nelson Goenaga
Charlotte, NC
Charles Cochran
New York, NY
Joseph Budagher
Carlsbad, CA
Cara Magliocco
Magnolia, TX
Katherine Ullucci
Boston, MA

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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