U.S. Bancorp Investments, Inc. (Saint Paul)

Name: U.S. Bancorp Investments, Inc.
Address: 60 Livingston Avenue, Saint Paul, MN, 55107
Telephone: 800-888-4700

U.S. Bancorp Investments, Inc. is a large advisory firm based in Saint Paul. It manages $8.51 billion of regulatory assets for 36,480 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

U.S. Bancorp Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for approximately 20,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

U.S. Bancorp Investments: assets under management

The assets under management (AUM) of U.S. Bancorp Investments, Inc. is $8.51 billion. The firm's AUM has grown by 98% since the beginning of its operation, and $89.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.14 billion in discretionary accounts and $6.37 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $241.01 thousand.

U.S. Bancorp Investments has custody of $8.46 billion in cash and securities for 29,393 clients in total and acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay U.S. Bancorp Investments, 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 James Bayle Kelligrew serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of James Bayle Kelligrew is individuals with 27,931 clients and $6.11 billion of assets under management. Among the 9 most similar advisory firms, U.S. Bancorp Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $8.48 billion for 29,428 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

U.S. Bancorp Investments doesn't advise any private funds.

Careers at U.S. Bancorp Investments, Inc.

The company employs 2,323 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 883 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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 don’t receive compensation from other entities for client referrals.

James Bayle Kelligrew has been acting as President since 1 Aug 2009. Karen Hutcheson Wimbish joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
U.S. Bancorp	Parent corporation	1 Mar 1998	75% - 100%	41-0255900
Edward Thomas Ebel	Registered options principal	1 Apr 2000	Other	1155764
Carol Jean Jacobsmeyer	Chief compliance officer, director & senior vice president	1 May 2001	Other	603832
Daniel Joseph Trueman	Financial and operations principal, chief financial officer, director, senior vice president	1 Sep 2001	Other	2912375
Daniel Joseph Mccormack	Director, senior vice president and regional sales manager	1 Feb 2004	Other	1808443
Gail Marie Van Horn	Chief legal officer	1 Mar 2005	Other	4965564
Richard Erin Whalen	Senior registered options principal, district compliance analyst supervisor	1 Mar 2005	Other	4135043
Kathleen Renee Odegaard	Chief operating officer, senior vice president, director	1 May 2005	Other	2815156
Daniel Joseph Mccormack	Interim chief executive officer	1 Jun 2006	Other	1808443
Victoria Lynn Brevig	Compliance registered options principal	1 Feb 2007	Other	1378107
Richard Erin Whalen	Compliance registered options principal	1 Aug 2007	Other	4135043
John Carl Bjork	Chief compliance officer, investment advisory	1 Sep 2007	Other	2861867
Daniel Joseph Mccormack	Divisional manager, senior vice president and director	1 Jun 2008	Other	1808443
William John Iii Benjamin	Chief executive officer, director	1 Jun 2008	Other	2502735
Daniel Joseph Mccormack	Interim chief executive officer	1 Oct 2008	Other	1808443
William John Iii Benjamin	Chief executive officer, director	1 Nov 2008	Other	2502735
Joel David Black	Director	1 Nov 2008	Other	2259861
Trudi Marie Buckley	Chief financial officer, finop, director	1 Dec 2008	Other	4424798
Dorothy Ann Mitchel	Divisional manager, senior vice president and director	1 Dec 2008	Other	1142201
John Carl Bjork	Chief compliance officer	1 Jan 2009	Other	2861867
Angela Alcorn O'leary	Senior vice president, director	1 Feb 2009	Other	2322168
John Carl Bjork	Chief compliance officer, director	1 Feb 2009	Other	2861867
Carol Jean Jacobsmeyer	Chief compliance officer	1 Jun 2009	Other	603832
James Bayle Kelligrew	Director	1 Aug 2009	Other	1865519
William Jefferson Stuart	Director	1 Aug 2009	Other	2124222
Jeffrey Adam Walter	Chief compliance officer, director	1 Jan 2010	Other	2143608
Michael Francis Poell	Vice president, compliance manager and director	1 Sep 2011	Other	2192445
Stephen Lewis Philipson	Director	1 Feb 2016	Other	4410980
Kenneth Steven Cameranesi	Chief operating officer, senior vice president	1 Feb 2016	Other	1292159
Kenneth Steven Cameranesi	Chief executive officer, director	1 Oct 2016	Other	1292159
Stephen Ward Steiner	Chief operating officer, senior vice president	1 Apr 2017	Other	2259345
Karen Hutcheson Wimbish	Director	1 Feb 2019	Other	2774186

Based in Saint Paul

The principal office where U.S. Bancorp Investments, Inc. performs its advisory services is located at 60 Livingston Avenue, Saint Paul, MN 55107, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-888-4700 or by fax 651-466-7448. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at usbank.com/investments-wealth-management/investment-management.html.