Clients
Securian Asset Management serves 45 clients, 31 of them insurance companies. The average client has about $924 million with the firm.
- Investment companies14 clients11%
- Insurance companies31 clients88%
- OtherCharitable organizations, Corporations and other businesses1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 14 | $4,751,860,013 | 11.4% | $339.4M |
| Charitable organizations | 0 | $114,876,134 | 0.3% | — |
| Insurance companies | 31 | $36,567,214,238 | 88.0% | $1.18B |
| Corporations and other businesses | 0 | $124,171,697 | 0.3% | — |
| Total | 45 | $41,558,122,082 | 100% | $923.5M |
- Clients
- 14
- Regulatory AUM
- $4,751,860,013
- Share
- 11.4%
- Avg. per client
- $339.4M
- Clients
- 0
- Regulatory AUM
- $114,876,134
- Share
- 0.3%
- Avg. per client
- —
- Clients
- 31
- Regulatory AUM
- $36,567,214,238
- Share
- 88.0%
- Avg. per client
- $1.18B
- Clients
- 0
- Regulatory AUM
- $124,171,697
- Share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 45
- Regulatory AUM
- $41,558,122,082
- Share
- 100%
- Avg. per client
- $923.5M
What it does
Securian Asset Management provides portfolio management for investment companies, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees and other arrangements.
Securian Asset Management advises no private funds.
98.6% of assets ($40.98B across 378 accounts) are managed with discretion; $582.2M across 20 accounts are not. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks9%
- Bonds54%
- Investment grade corporate bonds50%
- U.S. government and agency bonds2%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash3%
- Other34%
- The other category generally includes various classes of asset backed securities, including mortgage-backed securities, collateralized mortgage obligations, bank loans, and alternative assets such as private equity investments32%
- Derivatives2%
Custodians
Securian Asset Management’s client accounts are held mainly at The Bank of New York Mellon, with 84% of managed assets, and State Street Bank and Trust, with 10%. Securian Asset Management does not have custody of client assets.
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $4.35B10%
- The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $35.09B84%
- All other custodians$2.12B5%
Ownership and leadership
Securian Financial Group, Inc. owns 75% or more of Securian Asset Management.
- Owns 75% or more of Securian Asset Management, Inc.
Securian Financial Group, Inc.
Control person · since January 2002
- Owns 75% or more of Securian Financial Group, Inc.
Securian Holding Company
Control person · since October 1998
- Owns 75% or more of Securian Holding Company
Minnesota Mutual Companies, Inc.
Control person · since October 1998
Leadership
- Johnathan HeshelmanExecutive Vice President and Chief Investment Officer, Director
- Suzette HuovinenPresident; Ceo; Director
- Jessica ParrucciVice President; Chief Compliance Officer
- Michael SteinertSenior Vice President; Chief Operating Officer; Head of Finance; Director
- Jennifer WolfSenior Vice President; Chief Legal Officer
Staff
- 70 employees
- 34 in advisory functions
Reported holdings
Securian Asset Management’s reported 13F holdings total $2.78B across 926 positions, and the ten largest make up 36.5% of it.
- $2.78B
- Reported 13F value
- 926
- Positions
- 36.5%
- In the 10 largest
- +10.2%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs6.0%
- iShares TR · Core S&P500 ETF5.2%
- Nvidia Corporation4.7%
- Apple Inc.4.7%
- iShares TR · Core High DV ETF3.6%
- iShares TR · MSCI USA Min ETF2.9%
- Microsoft Corp.2.8%
- Amazon Com Inc.2.3%
- iShares TR · MSCI Eafe Min VL2.3%
- Alphabet Inc. · Cap Stk CL A1.9%
Together, the ten largest are 36.5% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $2.78B is not its $41.56B in regulatory assets and does not represent any individual client's portfolio.
Fees
Securian Asset Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other.
Securian 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, Securian Asset Management has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 400 Robert Street North, ST PaulHQ
Registration details
- Legal name
- Securian Asset Management, Inc.
- Headquarters
- 400 Robert Street North, ST Paul, MN 55101-2098
- Phone
- 651-665-3500
- SEC file
- 801-47262
- Structure
- Minnesota 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 Securian Asset Management have?
Securian Asset Management has 45 clients and manages $41.6 billion for them, as of March 2026. They include 31 insurance companies and 14 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Securian Asset Management offer?
Securian Asset Management provides portfolio management for investment companies, 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 Securian Asset Management use?
Securian Asset Management’s separately managed account assets are held at The Bank of New York Mellon Corporation (New York, NY), with $35,091,348,660 and State Street Bank and Trust Company (Boston, MA), with $4,346,681,025. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Securian Asset Management have?
Securian Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 70 employees, and 34 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
What does Securian Asset Management invest in?
At the end of its last fiscal year, Securian Asset Management’s separately managed accounts held 50% investment grade corporate bonds, 32% the other category generally includes various classes of asset backed securities, including mortgage-backed securities, collateralized mortgage obligations, bank loans, and alternative assets such as private equity investments, 9% exchange-traded equities, 3% cash and equivalents, 2% U.S. government and agency bonds, 2% derivatives, 1% state and local bonds and 1% high-yield corporate bonds. 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 Securian Asset Management?
Securian Asset Management is owned through a chain of holding companies by Minnesota Mutual Companies, Inc. Its direct owner is Securian Financial Group, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Securian Asset Management get paid?
Securian Asset Management is paid through a percentage of assets under management, fixed fees and other arrangements. 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