U.S. BANCORP ASSET MANAGEMENT, INC.

RIASEC RegisteredEst. 2001
Total AUM
$427B
Discretionary
$427B
100% of AUM
Avg account
$183M
Accounts
2,340
Employees
322
Advisory reps
7

Firm details

Headquarters
MINNEAPOLIS, Minnesota
CRD number
111912
Registered since
April 13, 2001
Custodians
U.S. BANK, N.A., BNY
Fee structure
Percentage of AUM, Performance Based Fees, Other
Client types
  • Investment Companies45.08%
  • State / Municipal Government23.91%
  • Pooled Investment Vehicles20.16%
  • Corporations / Businesses6.21%
  • Other1.96%
Services
Portfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

U.S. Bancorp Asset Management, Inc. is the asset management arm operating within the U.S. Bancorp ecosystem that focuses primarily on institutional portfolio management across a range of account types and pooled vehicles. The firm runs a large, diversified program with an explicit tilt toward fixed-income strategies; sovereign bonds are a notable concentration. It also identifies as an active ESG investor, integrating environmental, social and governance considerations into its investment and manager selection processes. The firm provides discretionary portfolio management for individuals, small businesses, investment companies and pooled investment vehicles, and it serves business and institutional clients. Its fee arrangements include percentage-of-AUM fees and performance-based components, which is consistent with running both traditional mandates and externally managed alternative allocations. U.S. Bancorp Asset Management combines in-house fixed-income capabilities with allocations to external managers for private markets and other specialized strategies.

Assets & Accounts

Investments & Alternatives

Location & Offices

Investment profile

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Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Sovereign Bonds 41%, Investment Grade Corp Bonds 18%, Public Funds/Mutual Funds 11%, US Government Bonds 8%, Exchange Traded Equities 6%, Cash & Cash Equivalents 6%, Non-Exchange Traded Equities 3%, Private Funds 3%, Other 3%, State & Local Bonds 1%41%
  • Sovereign Bonds41%
  • Investment Grade Corp Bonds18%
  • Public Funds/Mutual Funds11%
  • US Government Bonds8%
  • Exchange Traded Equities6%

Owners & executives

3 of 4
  • JAMES PALMER

    Chief Investment OfficerCRD 1735987

  • Kenneth Schiebel

    Chief Investment OfficerCRD 2143541

  • Leo Karwejna

    Chief Compliance OfficerCRD 2782481

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Contacts

3 of 3
  • JILL STEVENSON

    Head of OperationsCRD 1401275

  • LISA ISAACSON

    Managing DirectorCRD 5848976

  • RICHARD ERTEL

    General CounselCRD 2656477

Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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Location

Primary office

MINNEAPOLIS, MN

HENNEPIN

Location

MINNEAPOLIS, MN

Headquartered in MINNEAPOLIS, MN, anchoring the Minneapolis-St. Paul, MN-WI metro in the Midwest.

Metro area
Minneapolis-St. Paul, MN-WI
Region
Midwest
County
HENNEPIN
Address
800 Nicollet Mall
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth