{"url":"https://nivawealth.com/firms/asset-allocation-and-management-109875","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109875","regulatoryAum":27488721707,"crd":"109875","secFileNumber":"801-60075","legalName":"Asset Allocation & Management Company, LLC","displayName":"Asset Allocation & Management","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"10 S. Riverside Plaza, Ste 700","city":"Chicago","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60606-3798"},"tradeNames":["Aam"],"registration":{"secApproved":"1 March 2001","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":49,"advisory":30,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":26728827676,"discretionaryAccounts":813,"nonDiscretionary":759894031,"nonDiscretionaryAccounts":33,"wrapProgram":null,"nonUsClientsPct":2,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":2,"regulatoryAum":201484266},{"label":"Insurance companies","clients":120,"regulatoryAum":27116159897},{"label":"Corporations and other businesses","clients":1,"regulatoryAum":171077544}],"fees":[],"feeNotes":[],"custodians":[{"name":"U.S. Bancorp","shortName":"U.S. Bancorp","location":"Minneapolis, MN","smaAssets":9442986029},{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":4342190970}],"custodyNote":"Asset Allocation & Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Dan Byrnes","title":"Chief Executive Officer","crd":"7245245"},{"name":"Joseph Borgmann","title":"Chief Financial Officer","crd":"6770255"},{"name":"Chelsea Klassa","title":"Chief Compliance Officer","crd":"7214259"},{"name":"Patrick Boyd","title":"Director","crd":"5467598"},{"name":"Marco Bravo","title":"Director","crd":"5906195"},{"name":"Eric Goodman","title":"Director","crd":"4352804"},{"name":"Suzette Huovinen","title":"Director","crd":"7705540"},{"name":"John Schaefer","title":"Managing Member","crd":"1867983"},{"name":"Timothy Senechalle","title":"Chief Investment Officer","crd":"6997375"}],"ownership":[{"label":"Schaefco, Inc.","detail":"Member in the 5% to 10% ownership band and a control person, since December 2007."},{"label":"Securian Aam Holdings, LLC","detail":"Sole direct owner in the 50% to 75% ownership band and a control person, since December 2014."},{"label":"Bravo, Inc.","detail":"Member in the 5% to 10% ownership band and a control person, since January 2010."},{"label":"John Schaefer","detail":"Indirect owner: a managing member of Schaefco, Inc. in the 75% or more band and a control person, since December 2007.","parent":"Schaefco, Inc."},{"label":"Minnesota Life Insurance Company","detail":"Indirect owner: a shareholder of Securian Aam Holdings, LLC in the 75% or more band and a control person, since December 2014.","parent":"Securian Aam Holdings, LLC"},{"label":"Securian Financial Group, Inc.","detail":"Indirect owner: a shareholder of Minnesota Life Insurance Company in the 75% or more band and a control person, since October 1998.","parent":"Minnesota Life Insurance Company"},{"label":"Marco Bravo","detail":"Indirect owner: a managing member of Bravo, Inc. in the 75% or more band and a control person, since January 2010.","parent":"Bravo, Inc."},{"label":"Securian Holding Company","detail":"Indirect owner: a shareholder of Securian Financial Group, Inc. in the 75% or more band and a control person, since October 1998.","parent":"Securian Financial Group, Inc."},{"label":"Minnesota Mutual Companies, Inc.","detail":"Indirect owner: a shareholder of Securian Holding Company in the 75% or more band and a control person, since October 1998.","parent":"Securian Holding Company"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":3},"listedOfficeAddresses":1,"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"10 S. Riverside Plaza, Ste 700","city":"Chicago","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-263-2900","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":10},{"label":"U.S. state and local bonds","percent":7},{"label":"Investment grade corporate bonds","percent":41},{"label":"Non-investment grade corporate bonds","percent":3},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":34,"detail":"MBS Passthrough, CMBS, Abs, CMO, Clo"}],"privateFunds":0},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109875/PDF/109875.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Asset Allocation & Management have?","answer":"Asset Allocation & Management has 123 clients and manages $27.5 billion for them, as of March 2026. They include 120 insurance companies, 2 high-net-worth individuals and 1 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Asset Allocation & Management offer?","answer":"Asset Allocation & Management provides portfolio management for individuals and small businesses, 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Asset Allocation & Management use?","answer":"Asset Allocation & Management’s separately managed account assets are held at U.S. Bancorp (Minneapolis, MN), with $9,442,986,029 and The Bank of New York Mellon (New York, NY), with $4,342,190,970. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Asset Allocation & Management have?","answer":"Asset Allocation & Management has 0 investment adviser representatives registered with state securities authorities, out of 49 employees, and 30 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Asset Allocation & Management invest in?","answer":"At the end of its last fiscal year, Asset Allocation & Management’s separately managed accounts held 41% investment grade corporate bonds, 34% mbs passthrough, cmbs, abs, cmo, clo, 10% U.S. government and agency bonds, 7% state and local bonds, 4% cash and equivalents, 3% high-yield corporate bonds and 1% exchange-traded equities. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Asset Allocation & Management?","answer":"Asset Allocation & Management is owned through a chain of holding companies by John Schaefer, Marco Bravo and Minnesota Mutual Companies, Inc. Its direct owners are Schaefco, Inc. (5% to 10%), Securian Aam Holdings, LLC (50% to 75%) and Bravo, Inc. (5% to 10%).","source":"Form ADV Part 1A, Schedules A and B, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Asset Allocation & Management get paid?","answer":"Asset Allocation & Management is paid through a percentage of assets under management, fixed fees 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/asset-allocation-and-management-109875/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-15","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1498383/000149838326000004/0001498383-26-000004-index.html","totalValue":306926,"positionCount":67,"top10Share":0.7708242377641517,"top10":[{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":77398,"shares":209161,"shareType":"SH","priorValue":67435,"priorShares":210203},{"issuer":"VANGUARD WHITEHALL FDS","titleOfClass":"HIGH DIV YLD","cusip":"921946406","value":33620,"shares":212745,"shareType":"SH","priorValue":31287,"priorShares":211254},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"S&P 500 ETF 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}