Clients
CSM Advisors serves 554 clients, 320 of them state or municipal government entities. The average client has about $21 million with the firm.
- Investment companies7 clients10%
- Pension and profit-sharing plans131 clients32%
- Charitable organizations24 clients3%
- State or municipal government entities320 clients36%
- Insurance companies17 clients10%
- OtherCorporations and other businesses, Other10%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 7 | $1,129,449,930 | 9.7% | $161.3M |
| Pension and profit-sharing plans | 131 | $3,736,051,346 | 32.1% | $28.5M |
| Charitable organizations | 24 | $306,195,092 | 2.6% | $12.8M |
| State or municipal government entities | 320 | $4,176,643,210 | 35.8% | $13.1M |
| Insurance companies | 17 | $1,163,036,655 | 10.0% | $68.4M |
| Corporations and other businesses | 19 | $927,052,048 | 8.0% | $48.8M |
| Other | 36 | $214,160,015 | 1.8% | $5.95M |
| Total | 554 | $11,652,588,296 | 100% | $21.0M |
- Clients
- 7
- Regulatory AUM
- $1,129,449,930
- Share
- 9.7%
- Avg. per client
- $161.3M
- Clients
- 131
- Regulatory AUM
- $3,736,051,346
- Share
- 32.1%
- Avg. per client
- $28.5M
- Clients
- 24
- Regulatory AUM
- $306,195,092
- Share
- 2.6%
- Avg. per client
- $12.8M
- Clients
- 320
- Regulatory AUM
- $4,176,643,210
- Share
- 35.8%
- Avg. per client
- $13.1M
- Clients
- 17
- Regulatory AUM
- $1,163,036,655
- Share
- 10.0%
- Avg. per client
- $68.4M
- Clients
- 19
- Regulatory AUM
- $927,052,048
- Share
- 8.0%
- Avg. per client
- $48.8M
- Clients
- 36
- Regulatory AUM
- $214,160,015
- Share
- 1.8%
- Avg. per client
- $5.95M
Total
- Clients
- 554
- Regulatory AUM
- $11,652,588,296
- Share
- 100%
- Avg. per client
- $21.0M
What it does
CSM Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets and performance-based fees.
CSM Advisors advises no private funds.
100.0% of assets ($11.65B across 554 accounts) are managed with discretion. 4% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks6%
- Funds11%
- Bonds43%
- U.S. government and agency bonds26%
- Investment grade corporate bonds17%
- Cash4%
- Other35%
- Mbs, abs, cmbs, cmo, other government35%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
CSM Advisors’ client accounts are held mainly at The Northern Trust, with 18% of managed assets. CSM Advisors does not have custody of client assets.
- The Northern TrustThe Northern Trust Company · Chicago, IL · $2.15B18%
- All other custodians$9.50B82%
Ownership and leadership
Azimut Nsi LLC owns 75% or more of CSM Advisors, and Timothy Ford is its CEO.
- Owns 75% or more of CSM Advisors, LLC
Azimut Nsi LLC
Control person · since April 2018
- Owns 75% or more of Azimut Nsi LLC
Azimut US Holdings Inc
Control person · since January 2026
- Owns 75% or more of Azimut US Holdings Inc
Azimut Uk Holdings LTD
Control person · since January 2026
- Owns 75% or more of Azimut Uk Holdings LTD
Azimut Holdings S.P.A.
Control person · since January 2026
Dana Kurttila
Elected manager of sole member · Control person · since January 2026
Giorgio Medda
Elected manager of sole member · Control person · since January 2026
Vittorio Pracca
Elected manager of sole member · Control person · since January 2026
Marco Maneri
Elected manager of sole member · Control person · since January 2026
Maria Sonzogni
Elected manager of sole member · Control person · since January 2026
Mark Goodwin
Elected manager of sole member · Control person · since January 2026
Leadership
- Timothy FordChief Executive Officer
- Bradley CoxChief Financial Officer
- Ulf SkreppenChief Operating Officer and Chief Compliance Officer
- Brian AllenChief Investment Officer
- Mark GoodwinChairman
- Alan MolotskyChief Legal Officer
Staff
- 44 employees
- 19 in advisory functions
- 4 broker-dealer reps
Reported holdings
CSM Advisors’ reported 13F holdings total $4.68M across 406 positions, and the ten largest make up 24.3% of it.
- $4.68M
- Reported 13F value
- 406
- Positions
- 24.3%
- In the 10 largest
- +15.1%
- Value vs. prior quarter
- Apple Inc.4.3%
- Nvidia Corp.3.2%
- Amazon Com Inc.2.7%
- State ST SPDR S&P500 · Units Ser 1 S&P2.6%
- Alphabet Inc. · Class A2.5%
- Invesco Qqq TR · Qqq Trust Series 12.4%
- Vanguard Index TR · VM Growth ETF2.3%
- Vanguard Index TR · VM Value ETF1.7%
- Caterpillar Inc.1.4%
- US Bancorp Del1.3%
Together, the ten largest are 24.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $4.68M is not its $11.65B in regulatory assets and does not represent any individual client's portfolio.
Fees
CSM Advisors is paid through a percentage of assets under management and performance-based fees.
CSM Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, CSM Advisors has 2 offices, with 3 listed addresses across 3 states.
Illinois · 1 listed address
- 200 W. Madison Street, Chicago
Ohio · 1 listed address
- 1660 W. Second Street, Cleveland
Pennsylvania · 1 listed address
- 2000 Ericsson Drive, Suite 100, WarrendaleHQ
Registration details
- Legal name
- CSM Advisors, LLC
- Headquarters
- 2000 Ericsson Drive, Suite 100, Warrendale, PA 15086
- Phone
- 412-566-1234
- Website
- Not reported
- SEC file
- 801-117641
- 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 CSM Advisors have?
CSM Advisors has 554 clients and manages $11.7 billion for them, as of May 2026. They include 320 state or municipal government entities, 131 pension and profit-sharing plans and 36 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 May 2026
What services does CSM Advisors offer?
CSM Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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 CSM Advisors use?
CSM Advisors’ separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $2,148,222,613. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 May 2026
How many financial advisors does CSM Advisors have?
CSM Advisors has 0 investment adviser representatives registered with state securities authorities, out of 44 employees, and 19 perform investment advisory functions. 4 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 CSM Advisors invest in?
At the end of its last fiscal year, CSM Advisors’ separately managed accounts held 35% mbs, abs, cmbs, cmo, other government, 26% U.S. government and agency bonds, 17% investment grade corporate bonds, 11% pooled vehicles (private funds and similar), 6% exchange-traded equities and 4% 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 CSM Advisors?
CSM Advisors is owned through a chain of holding companies by Azimut Holdings S.P.A. Its direct owner is Azimut Nsi LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 21 May 2026
How does CSM Advisors get paid?
CSM Advisors 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