U.S. Bancorp Asset Management, Inc. (Minneapolis)


U.S. Bancorp Asset Management, Inc. is a large advisory firm based in Minneapolis. It manages $81.51 billion of regulatory assets for 65 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

U.S. Bancorp Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

U.S. Bancorp Asset Management: assets under management

The assets under management (AUM) of U.S. Bancorp Asset Management, Inc. is $81.51 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $81.51 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 billion each.

Investments

The firm invests in government bonds the most. They account for 25% of the total AUM. The second-largest asset type is sovereign bonds, which make up 22% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay U.S. Bancorp Asset Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Joseph Gibas serves?

The firm provides services to investment companies, pooled investment vehicles, corporations or other businesses, and state or municipal government entities. The largest group of clients of John Joseph Gibas is investment companies with 6 clients and $58.76 billion of assets under management. Among the 7 most similar advisory firms, U.S. Bancorp Asset Management has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $79.68 billion for 35 clients. None of the firm’s clients are foreign persons or businesses.

U.S. Bancorp Asset Management also advises several private funds. Namely, one liquidity fund.

Careers at U.S. Bancorp Asset Management, Inc.

The company employs 101 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

John Joseph Gibas has been acting as President since 1 Apr 2001. Jill Michele Stevenson joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
U.S. Bank National Association Shareholder 1 Mar 2001 75% - 100% 41-0417860
Thomas Stephen Schreier Director, chief executive officer and president 1 Mar 2001 Other 2801855
Kenneth Lee Delecki Chief financial officer and treasurer 1 Mar 2001 Other 4269529
John Joseph Gibas Director 1 Apr 2001 Other 861019
Robert Horace Nelson Director and chief operating officer 1 Apr 2001 Other 1875365
Peter Ole Torvik Director 1 Apr 2001 Other 1868295
Kimberly F. Kaul Communications director 1 Apr 2001 Other 4394836
Jon M. Stevens Private asset management senior managing director 1 Apr 2001 Other 4427995
Kimberly Franz Kaul Communications director 1 Apr 2001 Other 4394836
Jon Mitchell Stevens Senior managing director - private asset management 1 Apr 2001 Other 4427995
Mark Steven Jordahl Director 1 Jul 2001 Other 1968115
Joseph Daniel Fleming Chief compliance officer 1 Aug 2001 Other 2093776
Steven Guy Lentz Secretary and chief legal officer 1 Feb 2002 Other 2600062
Wendy L. Schoppert Managing director - product, marketing & corporate development 1 May 2002 Other 4648167
Wendy Lee Schoppert Managing director - product, marketing & corporate development 1 May 2002 Other 4648167
Scott Roane Plummer Chief compliance officer 1 Oct 2002 Other 4336134
Douglas Allen Paul Chief compliance officer 1 Jun 2004 Other 1914796
Charles R Manzoni Director,general counsel & secretary 1 Jun 2004 Other 2767535
Charles R Manzoni Director,general counsel & secretary 1 Aug 2004 Other 2767535
Joseph Madison Ulrey Director, chief financial officer 1 Dec 2004 Other 4932641
David Harrison Lui Chief compliance officer 1 Mar 2005 Other 2271801
Richard Jude Ertel Director, general counsel and secretary 1 Jan 2011 Other 2656477
Ruth M Mayr Chief compliance officer 1 Jan 2011 Other 1685031
Ruth Marie Mayr Chief compliance officer 1 Jan 2011 Other 1685031
Joseph Madison Ulrey Director, chief executive officer and president 1 Jan 2011 Other 4932641
Eric James Thole Director, head of operations, technology and treasury 1 Jan 2011 Other 2871223
Eric James Thole Director, chief executive officer & president 1 Jun 2014 Other 2871223
James David Palmer Director, chief investment officer 1 Jun 2014 Other 1735987
Jill Michele Stevenson Chief operating officer 1 Sep 2014 Other 1401275

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
U.S. Bancorp Shareholder 1 Jul 1958 75% - 100% 41-0255900

Based in Minneapolis

The principal office where U.S. Bancorp Asset Management, Inc. performs its advisory services is located at 800 Nicollet Mall, Minneapolis, MN 55402, which is also the mailing address of the firm. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-303-4096 or by fax 612-303-4767. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at usbancorpassetmanagement.com and its LinkedIn profile.

Registered investment advisers similar to U.S. Bancorp Asset Management, Inc.