Clients
Allspring Funds Management serves 10,118 clients, 1,878 of them high-net-worth individuals. The average client has about $32 million with the firm, and high-net-worth clients hold 2% of its $324.7 billion in assets.
- Investment companies95 clients96%
- OtherIndividuals, High-net-worth individuals, Pooled investment vehicles, Pension and profit-sharing plans, Charitable organizations, State or municipal government entities, Corporations and other businesses4%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 7,267 | $2,897,946,189 | 0.9% | $399K |
| High-net-worth individuals | 1,878 | $5,204,463,291 | 1.6% | $2.77M |
| Investment companies | 95 | $311,438,821,514 | 95.9% | $3.28B |
| Pooled investment vehicles | 18 | $2,486,484,408 | 0.8% | $138.1M |
| Pension and profit-sharing plans | 34 | $152,250,316 | 0.0% | $4.48M |
| Charitable organizations | 460 | $1,600,481,738 | 0.5% | $3.48M |
| State or municipal government entities | 15 | $151,344,071 | 0.0% | $10.1M |
| Corporations and other businesses | 351 | $723,098,018 | 0.2% | $2.06M |
| Total | 10,118 | $324,654,889,545 | 100% | $32.1M |
- Clients
- 7,267
- Regulatory AUM
- $2,897,946,189
- Share
- 0.9%
- Avg. per client
- $399K
- Clients
- 1,878
- Regulatory AUM
- $5,204,463,291
- Share
- 1.6%
- Avg. per client
- $2.77M
- Clients
- 95
- Regulatory AUM
- $311,438,821,514
- Share
- 95.9%
- Avg. per client
- $3.28B
- Clients
- 18
- Regulatory AUM
- $2,486,484,408
- Share
- 0.8%
- Avg. per client
- $138.1M
- Clients
- 34
- Regulatory AUM
- $152,250,316
- Share
- 0.0%
- Avg. per client
- $4.48M
- Clients
- 460
- Regulatory AUM
- $1,600,481,738
- Share
- 0.5%
- Avg. per client
- $3.48M
- Clients
- 15
- Regulatory AUM
- $151,344,071
- Share
- 0.0%
- Avg. per client
- $10.1M
- Clients
- 351
- Regulatory AUM
- $723,098,018
- Share
- 0.2%
- Avg. per client
- $2.06M
Total
- Clients
- 10,118
- Regulatory AUM
- $324,654,889,545
- Share
- 100%
- Avg. per client
- $32.1M
What it does
Allspring Funds Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and performance-based fees.
Allspring Funds Management advises no private funds.
100.0% of assets ($324.65B across 10,118 accounts) are managed with discretion. $10.16B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 23 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 38%
- U.S. government/agency bonds
- 8%
- U.S. state and local bonds
- 34%
- Investment grade corporate bonds
- 4%
- Securities issued by registered investment companies or business development companies
- 15%
- Cash and cash equivalents
- 2%
Custodians
Allspring Funds Management’s client accounts are held mainly at Wells Fargo Clearing Services, with 2% of managed assets, and Morgan Stanley, with 1%. Allspring Funds Management does not have custody of client assets.
- Morgan StanleyMorgan Stanley Smith Barney LLC · Purchase, NY · $2.39B1%
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · ST. Louis, MO · $5.94B2%
- OtherUBS Financial Services, All other custodians97%
Ownership and leadership
Allspring Global Investments Holdings, LLC owns 75% or more of Allspring Funds Management.
- Owns 75% or more of Allspring Funds Management, LLC
Allspring Global Investments Holdings, LLC
Control person · since July 2017
- Owns 75% or more of Allspring Global Investments Holdings, LLC
Allspring Buyer LLC
Control person · since November 2021
- Owns 75% or more of Allspring Buyer LLC
Allspring Intermediate II LLC
Control person · since November 2021
- Owns 75% or more of Allspring Intermediate II LLC
Allspring Intermediate I LLC
Control person · since November 2021
- Owns 75% or more of Allspring Intermediate I LLC
Allspring Group Holdings LLC
Control person · since November 2021
- Owns 25% to 50% of Allspring Group Holdings LLC
GTCR Fund Xiii/B LP
Control person · since November 2021
GTCR Partners Xiii/B LP
General partner · Control person · since July 2020
GTCR Investment Xiii LLC
General partner · Control person · since July 2020
Sallie Squire
Manager; chief operating officer · Control person · since November 2021
Annette Lege
Manager; chief financial officer · Control person · since August 2024
Catherine Burke
Manager; chief executive officer · Control person · since July 2025
Leadership
- John KenneyPresident
- Annette LegeChief Financial Officer
- Sallie SquireChief Operating Officer
- Thomas BarbieriChief Compliance Officer
Staff
- 714 employees
- 3 in advisory functions
- 110 broker-dealer reps
- 1 soliciting firm
Fees
Allspring Funds Management is paid through a percentage of assets under management and performance-based fees.
Allspring Funds Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Allspring Funds Management has 2 offices, with 3 listed addresses across 3 states.
California · 1 listed address
- 525 Market Street, San Francisco
Minnesota · 1 listed address
- 800 Lasalle Ave, Minneapolis
North Carolina · 1 listed address
- 1415 Vantage Park Drive, 3rd Floor, CharlotteHQ
Registration details
- Legal name
- Allspring Funds Management, LLC
- Headquarters
- 1415 Vantage Park Drive, 3rd Floor, Charlotte, NC 28203
- Phone
- 833-289-5038
- Website
- Not reported
- SEC file
- 801-58237
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Allspring Funds Management have?
Allspring Funds Management has 10,118 clients and manages $324.7 billion for them, as of May 2026. They include 7,267 other individuals, 1,878 high-net-worth individuals and 460 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 May 2026
What services does Allspring Funds Management offer?
Allspring Funds Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Allspring Funds Management use?
Allspring Funds Management’s separately managed account assets are held at Wells Fargo Clearing Services, LLC (ST. Louis, MO), with $5,943,427,037, Morgan Stanley Smith Barney LLC (Purchase, NY), with $2,387,951,317 and UBS Financial Services Inc. (Weehawken, NJ), with $936,175,249. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 May 2026
How many financial advisors does Allspring Funds Management have?
Allspring Funds Management has 0 investment adviser representatives registered with state securities authorities, out of 714 employees, and 3 perform investment advisory functions. 110 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Allspring Funds Management invest in?
At the end of its last fiscal year, Allspring Funds Management’s separately managed accounts held 38% exchange-traded equities, 34% state and local bonds, 15% registered funds (mutual funds, ETFs, BDCs), 8% U.S. government and agency bonds, 4% investment grade corporate bonds and 2% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Allspring Funds Management?
Allspring Funds Management’s direct owner is Allspring Global Investments Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 May 2026
How does Allspring Funds Management get paid?
Allspring Funds Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file