SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Asa Managed Account Managers LLC
Minneapolis, MN
CRD 162855
Firm filing updated June 29, 2026 ·
- $1.1BAssets
- 0Advisory staff
- 228Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Performance-based feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- High net worth individuals199
- Investment companies17
- Charities10
- Pooled vehicles1
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | 199 | $646.0 million |
| Investment companies | 17 | $241.2 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $2.5 million |
| Charitable organizations | 10 | $49.5 million |
| Corporations or other businesses not listed above | Fewer than 5 clients | $176.5 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Assets and accounts
- Regulatory assets$1.1 billion
- Accounts228
- DiscretionaryAll accounts
People
- Employees1
- Advisory staff0
- Broker-dealer reps0
- Licensed insurance agents0
Registration details
- SEC-registered investment advisor. CRD 162855, SEC file 801-76871.
- Registered with the SEC as an investment advisor (status date on record: July 5, 2012).
Is Asa Managed Account Managers LLC a fiduciary?
Short answer: Asa Managed Account Managers LLC is registered with the SEC as an investment advisor.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
The firm does not report commissions, a broker-dealer role, a related broker-dealer, or staff who are broker-dealer representatives.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.