Clients
Chandler Asset Management serves 259 clients, 236 of them state or municipal government entities. The average client has about $175 million with the firm.
- Pooled investment vehicles2 clients5%
- State or municipal government entities236 clients83%
- Other9 clients11%
- OtherPension and profit-sharing plans, Charitable organizations, Corporations and other businesses1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 2 | $2,279,408,431 | 5.0% | $1.14B |
| Pension and profit-sharing plans | 1 | $14,711,565 | 0.0% | $14.7M |
| Charitable organizations | 5 | $80,344,103 | 0.2% | $16.1M |
| State or municipal government entities | 236 | $37,748,288,241 | 83.3% | $160.0M |
| Corporations and other businesses | 6 | $163,070,873 | 0.4% | $27.2M |
| Other | 9 | $5,026,077,725 | 11.1% | $558.5M |
| Total | 259 | $45,311,900,938 | 100% | $174.9M |
- Clients
- 2
- Regulatory AUM
- $2,279,408,431
- Share
- 5.0%
- Avg. per client
- $1.14B
- Clients
- 1
- Regulatory AUM
- $14,711,565
- Share
- 0.0%
- Avg. per client
- $14.7M
- Clients
- 5
- Regulatory AUM
- $80,344,103
- Share
- 0.2%
- Avg. per client
- $16.1M
- Clients
- 236
- Regulatory AUM
- $37,748,288,241
- Share
- 83.3%
- Avg. per client
- $160.0M
- Clients
- 6
- Regulatory AUM
- $163,070,873
- Share
- 0.4%
- Avg. per client
- $27.2M
- Clients
- 9
- Regulatory AUM
- $5,026,077,725
- Share
- 11.1%
- Avg. per client
- $558.5M
Total
- Clients
- 259
- Regulatory AUM
- $45,311,900,938
- Share
- 100%
- Avg. per client
- $174.9M
What it does
Chandler Asset Management provides portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets, hourly charges and fixed fees.
Chandler Asset Management advises no private funds.
84.4% of assets ($38.24B across 420 accounts) are managed with discretion; $7.07B across 89 accounts are not. 0% of clients are outside the U.S., and 4 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks7%
- Funds1%
- Bonds77%
- U.S. government and agency bonds54%
- Investment grade corporate bonds22%
- State and local bonds1%
- Cash3%
- Other12%
- Mortgage-backed securities (mbs), asset-backed securities (abs), collateralized mortgage obligations (cmos) supranationals, and repos12%
Custodians
Chandler Asset Management’s client accounts are held mainly at U.S. Bank, NA, with 46% of managed assets, and The Bank of New York Mellon, with 17%. Chandler Asset Management does not have custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon Corporation · Jacksonville, FL · $7.55B17%
- U.S. Bank, NAU.S. Bank, NA · Cincinnati, OH · $20.84B46%
- Principal Financial GroupPrincipal Financial Group · Waco, TX · $7.14B16%
- All other custodians$9.78B22%
Ownership and leadership
Chandler Investor Services, Inc. owns 75% or more of Chandler Asset Management, and Nicole Dragoo is its CEO.
- Owns 75% or more of Chandler Asset Management Inc
Chandler Investor Services, Inc.
Control person · since January 2024
- Owns 50% to 75% of Chandler Investor Services, Inc.
Chandler Asset Management, Inc. Employee Stock Ownership Plan & Trust
Control person · since January 2024
Prudent Fiduciary Services
Trustee · since October 2021
- Owns 25% to 50% of Chandler Investor Services, Inc.
Martin Cassell
Control person · since January 2024
Leadership
- Nicole DragooChief Executive Officer
- Ryan TauberChief Operating Officer
- Michael RasmussenChief Compliance Officer
- Martin CassellCFO and Corporate Advisor
- William DennehyCo-Chief Investment Officer
- Scott PrickettCo-Chief Investment Officer
- Jayson SchmittCo-Chief Investment Officer
Staff
- 54 employees
- 20 in advisory functions
- 18 state-registered reps
- 9 broker-dealer reps
Reported holdings
Chandler Asset Management’s reported 13F holdings total $709.7M across 21 positions, and the ten largest make up 88.4% of it.
- $709.7M
- Reported 13F value
- 21
- Positions
- 88.4%
- In the 10 largest
- +7.6%
- Value vs. prior quarter
- Ishares:core S&P 500 · iShares Core S&P 500 ETF18.4%
- Vanguard Tot BD ETF · Vanguard Total Bond Market18.1%
- Ishares:core S&P Md-cp · iShares Core S&P Midcap ETF9.7%
- Vanguard Dev Mkt ETF · Vanguard FTSE Developed ETF8.3%
- Vanguard S-c ID ETF · Vanguard Small-cap ETF8.0%
- Vanguard EM ST I ETF · Vanguard FTSE Emerging Marke7.5%
- Vanguard Tsm Idx ETF · Vanguard Total Stock Mkt ETF5.2%
- Vanguard RE Idx ETF · Vanguard Real Estate ETF4.8%
- Ishares:brd Usd HY CP BD · iShares Broad Usd High Yield4.4%
- Flexshares Trust · Flexshares Iboxx 5-year Targ4.1%
Together, the ten largest are 88.4% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $709.7M is not its $45.31B in regulatory assets and does not represent any individual client's portfolio.
Fees
Chandler Asset Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
Chandler Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Chandler Asset Management has 6 offices, with 7 listed addresses across 4 states.
California · 4 listed addresses
- 9255 Towne Centre Drive, Suite 600, San DiegoHQ
- 3445 Telegraph Road, Ventura
- 1901 Harrison Street, Oakland
- 7250 Redwood Boulevard, Novato
Colorado · 1 listed address
- 1875 Lawrence Street, Denver
Florida · 1 listed address
- 5225 Tech Data Drive, Clearwater
Washington · 1 listed address
- 701 5th Avenue, Seattle
Registration details
- Legal name
- Chandler Asset Management Inc
- Headquarters
- 9255 Towne Centre Drive, Suite 600, San Diego, CA 92121
- Phone
- 858-546-3737
- Website
- www.chandlerasset.com
- SEC file
- 801-44378
- Structure
- California corporation
- 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 Chandler Asset Management have?
Chandler Asset Management has 259 clients and manages $45.3 billion for them, as of March 2026. They include 236 state or municipal government entities, 9 other clients and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Chandler Asset Management offer?
Chandler Asset Management provides portfolio management for pooled vehicles, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Chandler Asset Management use?
Chandler Asset Management’s separately managed account assets are held at U.S. Bank, NA (Cincinnati, OH), with $20,841,753,323, The Bank of New York Mellon Corporation (Jacksonville, FL), with $7,547,549,550 and Principal Financial Group (Waco, TX), with $7,142,592,067. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Chandler Asset Management have?
Chandler Asset Management has 18 investment adviser representatives registered with state securities authorities, out of 54 employees, and 20 perform investment advisory functions. 9 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 Chandler Asset Management invest in?
At the end of its last fiscal year, Chandler Asset Management’s separately managed accounts held 54% U.S. government and agency bonds, 22% investment grade corporate bonds, 12% mortgage-backed securities (mbs), asset-backed securities (abs), collateralized mortgage obligations (cmos) supranationals, and repos, 7% exchange-traded equities, 3% cash and equivalents, 1% state and local bonds and 1% pooled vehicles (private funds and similar). 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 Chandler Asset Management?
Chandler Asset Management is owned through a holding company by Martin Cassell. Its direct owner is Chandler Investor Services, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Chandler Asset Management get paid?
Chandler Asset Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
