Principal Asset Management

RIASEC RegisteredEst. 1998

Total AUM

$428B

Discretionary

$419B

98% of AUM

Avg account

$52.4M

Accounts

8,169

Employees

1,394

Advisory reps

134

Firm details

Headquarters: Des Moines, Iowa
CRD number: 109002
Registered since: October 26, 1998
Website: www.principalglobal.com
Custodians: STATE STREET BANK AND TRUST COMPANY, THE BANK OF NEW YORK MELLON
Fee structure: Percentage of AUM, Fixed Fees, Performance Based Fees, Other
Client types: Investment Companies35.22%
Insurance Companies33.98%
Pension & Profit Sharing Plans9.6%
Pooled Investment Vehicles9.35%
Corporations / Businesses4.04%
Services: Portfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Principal Asset Management is an SEC-registered limited liability company formed in 1998 that operates as a multi-strategy investment manager, combining hedge fund and private equity activity with pooled and separate account portfolio management. The firm serves both individual/family clients and institutional investors and offers a broad set of advisory services, including portfolio management for individuals, small businesses, institutions and pooled vehicles, selection of other advisers, and educational workshops. It also functions in CPO/CTA roles and maintains affiliations across broker-dealer, banking, trust, insurance and sponsor/GP capacities. Principal Asset Management identifies as an active ESG investor and uses a range of fee arrangements, including asset-based, fixed and performance-based structures.