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.
Sit Investment Associates, Inc
Minneapolis, MN
CRD 105725
Firm filing updated June 22, 2026 ·
- $3.5BAssets
- 35Advisory staff
- 80Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- High net worth individuals17
- Investment companies14
- Pooled vehicles8
- Charities5
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | Fewer than 5 clients | $0 |
| High net worth individuals | 17 | $214.3 million |
| Banking or thrift institutions | Fewer than 5 clients | $0 |
| Investment companies | 14 | $1.9 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $341.0 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 clients | $211.9 million |
| Charitable organizations | 5 | $448.7 million |
| State or municipal government entities (including government pension plans) | Fewer than 5 clients | $54.4 million |
| Other investment advisors | Fewer than 5 clients | $0 |
| Insurance companies | Fewer than 5 clients | $188.0 million |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $0 |
| Corporations or other businesses not listed above | Fewer than 5 clients | $181.6 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 investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 4 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- 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$3.5 billion
- Accounts80
- DiscretionaryAll accounts
People
- Employees73
- Advisory staff35
- Broker-dealer reps11
- Licensed insurance agents0
Registration details
- SEC-registered investment advisor. CRD 105725, SEC file 801-16350.
- Registered with the SEC as an investment advisor (status date on record: September 18, 1981).
Is Sit Investment Associates, Inc a fiduciary?
Short answer: Sit Investment Associates, Inc is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 11 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
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.