{"url":"https://nivawealth.com/firms/principal-global-investors-109002","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/109002","regulatoryAum":427712721629,"crd":"109002","secFileNumber":"801-55959","legalName":"Principal Global Investors, LLC","displayName":"Principal Global Investors","website":null,"linkedinUrl":"https://www.linkedin.com/company/principal-asset-management","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"801 Grand Ave","city":"Des Moines","state":"IA","stateName":"Iowa","country":"United States","postalCode":"50392-0001"},"tradeNames":["Principal Aligned","Principal Alternative Credit","Principal Asset Allocation","Principal Dynamic Growth","Principal Edge","Principal Equities","Principal Finisterre","Principal Fixed Income","Principal Investment Solutions","Principal Morley"],"registration":{"secApproved":"26 October 1998","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":1394,"advisory":337,"brokerDealerReps":285,"insuranceAgents":12,"promoters":1},"aum":{"discretionary":419245584914,"discretionaryAccounts":8162,"nonDiscretionary":8467136715,"nonDiscretionaryAccounts":7,"wrapProgram":3937031045,"nonUsClientsPct":0,"nonAumClients":137},"clientTypes":[{"label":"Individuals (other than HNW)","clients":6014,"regulatoryAum":2109595374},{"label":"High-net-worth individuals","clients":315,"regulatoryAum":969682346},{"label":"Banking or thrift institutions","clients":37,"regulatoryAum":8497534123},{"label":"Investment companies","clients":101,"regulatoryAum":150645770950},{"label":"Pooled investment vehicles","clients":29,"regulatoryAum":39989121676},{"label":"Pension and profit-sharing plans","clients":578,"regulatoryAum":41042340874},{"label":"Charitable organizations","clients":30,"regulatoryAum":2037675779},{"label":"State or municipal government entities","clients":78,"regulatoryAum":5535672722},{"label":"Insurance companies","clients":60,"regulatoryAum":145344206065},{"label":"Sovereign wealth funds and foreign official institutions","clients":12,"regulatoryAum":14280129773},{"label":"Corporations and other businesses","clients":951,"regulatoryAum":17260991947}],"fees":[],"feeNotes":[],"custodians":[{"name":"State Street Bank & Trust","shortName":"State Street Bank & Trust","location":"Boston, MA","smaAssets":141792286652},{"name":"Bank of New York Mellon","shortName":"Bank of New York Mellon","location":"New York, NY","smaAssets":138395970015}],"custodyNote":"Principal Global Investors has custody of $95.07B for 10 clients.","otherCustodians":[],"leadership":[{"name":"Kamal Bhatia","title":"Chief Executive Officer & President","crd":"4933060"},{"name":"Jill Hittner","title":"Chief Financial Officer","crd":"5309846"},{"name":"Justin Lange","title":"Chief Compliance Officer","crd":"7638768"},{"name":"George Djurasovic","title":"General Counsel","crd":"4228028"},{"name":"Todd Everett","title":"Global Head of Private Markets","crd":"6629511"},{"name":"Michael Goosay","title":"CIO & Global Head of Fixed Income","crd":"2765287"},{"name":"Todd Jablonski","title":"CIO & Global Head of Multi-Asset and Quantitative Strategies","crd":"5531237"},{"name":"George Maris","title":"CIO & Global Head of Equities","crd":"5899106"},{"name":"Kenneth Allen McCullum","title":"Director","crd":"4695257"},{"name":"Simon McKay","title":"Strategic Advisor to CEO","crd":"4550744"},{"name":"Barbara Wenig","title":"Chief Business Officer","crd":"5412981"},{"name":"Brant Wong","title":"Head of Retirement Solutions","crd":"5093714"}],"ownership":[{"label":"Principal Global Investors Holding Company (us), LLC","detail":"100% owner in the 75% or more ownership band and a control person, since May 2017."},{"label":"Principal Financial Group, Inc.","detail":"Indirect owner: a 100% owner of Principal Financial Services, Inc. in the 75% or more band and a control person, since October 2001.","parent":"Principal Financial Services, Inc."},{"label":"Principal Financial Services, Inc.","detail":"Indirect owner: a 100% owner of Principal Global Investors Holding Company (us), LLC in the 75% or more band and a control person, since May 2017.","parent":"Principal Global Investors Holding Company (us), LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":19,"privateResidences":0},"listedOfficeAddresses":14,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1478 Stone Point Drive","city":"Roseville"}]},{"state":"Colorado","offices":1,"addresses":[{"street":"4600 S Syracuse","city":"Denver"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"2 High Ridge Park","city":"Stamford"}]},{"state":"Florida","offices":1,"addresses":[{"street":"1395 Brickell Avenue","city":"Miami"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"3625 Cumberland BLVD Se","city":"Atlanta"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"One North Wacker Drive","city":"Chicago"}]},{"state":"Iowa","offices":2,"addresses":[{"street":"801 Grand Ave","city":"Des Moines","headquarters":true},{"street":"6701 Westown Parkway","city":"West Des Moines"}]},{"state":"Minnesota","offices":1,"addresses":[{"street":"222 S 9th Street","city":"Minneapolis"}]},{"state":"New York","offices":1,"addresses":[{"street":"888 7th Avenue, 25th Floor","city":"New York"}]},{"state":"North Carolina","offices":2,"addresses":[{"street":"401 McCullough DR","city":"Charlotte"},{"street":"4141 Parklake Ave","city":"Raleigh"}]},{"state":"Oregon","offices":1,"addresses":[{"street":"5885 Meadows Road","city":"Lake Oswego"}]},{"state":"Washington","offices":1,"addresses":[{"street":"601 Union Street","city":"Seattle"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"800-787-1621","stateRegisteredReps":124,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees","Other"],"activities":["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","Selection of other advisers (including private fund managers)","Educational seminars/workshops","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":43},{"label":"U.S. government/agency bonds","percent":5},{"label":"U.S. state and local bonds","percent":3},{"label":"Investment grade corporate bonds","percent":19},{"label":"Non-investment grade corporate bonds","percent":5},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":3},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":16,"detail":"These Securities Include Non-Agency Issued Securitized Debt Instruments (i.e. Collateralized Mortgage Back Securities, Asset Backed Securities and Collateralized Mortgage Obligations)"}],"privateFunds":10},"sources":{"adv1FilingDate":"28 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/109002/PDF/109002.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Principal Global Investors have?","answer":"Principal Global Investors has 8,205 clients and manages $427.7 billion for them, as of May 2026. They include 6,014 other individuals, 951 corporations and other businesses and 578 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Principal Global Investors offer?","answer":"Principal Global Investors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, educational seminars and other activities.","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 Principal Global Investors use?","answer":"Principal Global Investors’ separately managed account assets are held at State Street Bank & Trust (Boston, MA), with $141,792,286,652 and Bank of New York Mellon (New York, NY), with $138,395,970,015. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Principal Global Investors have?","answer":"Principal Global Investors has 124 investment adviser representatives registered with state securities authorities, out of 1,394 employees, and 337 perform investment advisory functions. 285 are registered representatives of a broker-dealer and 12 are 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 Principal Global Investors invest in?","answer":"At the end of its last fiscal year, Principal Global Investors’ separately managed accounts held 43% exchange-traded equities, 19% investment grade corporate bonds, 16% these securities include non-agency issued securitized debt instruments (i.e. collateralized mortgage back securities, asset backed securities and collateralized mortgage obligations), 5% U.S. government and agency bonds, 5% high-yield corporate bonds, 4% cash and equivalents, 3% state and local bonds, 3% registered funds (mutual funds, ETFs, BDCs) and 1% derivatives. It advises 10 private funds.","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 Principal Global Investors?","answer":"Principal Global Investors is owned through a chain of holding companies by Principal Financial Group, Inc. Its direct owner is Principal Global Investors Holding Company (us), LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 28 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Principal Global Investors get paid?","answer":"Principal Global Investors is paid through a percentage of assets under management, fixed fees, performance-based fees and other arrangements. 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":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}