{"url":"https://nivawealth.com/firms/sit-fixed-income-advisors-ii-108271","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108271","regulatoryAum":14970369050,"crd":"108271","secFileNumber":"801-55201","legalName":"Sit Fixed Income Advisors II, LLC","displayName":"Sit Fixed Income Advisors II","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3300 Ids Center, 80 South 8th Street","city":"Minneapolis","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55402"},"tradeNames":[],"registration":{"secApproved":"27 January 1998","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":73,"advisory":35,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":14831156812,"discretionaryAccounts":155,"nonDiscretionary":139212238,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":4,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":15,"regulatoryAum":248378377},{"label":"Investment companies","clients":1,"regulatoryAum":587720558},{"label":"Pooled investment vehicles","clients":24,"regulatoryAum":1401608691},{"label":"Pension and profit-sharing plans","clients":8,"regulatoryAum":1604511527},{"label":"Charitable organizations","clients":31,"regulatoryAum":4236855608},{"label":"State or municipal government entities","clients":6,"regulatoryAum":1865664345},{"label":"Insurance companies","clients":23,"regulatoryAum":4802450380},{"label":"Corporations and other businesses","clients":7,"regulatoryAum":223179564}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":3008281422},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":6282425343},{"name":"U.S. Bancorp","shortName":"U.S. Bancorp","location":"Minneapolis, MN","smaAssets":1860566280}],"custodyNote":"Sit Fixed Income Advisors II has custody of $922.8M for 20 clients.","otherCustodians":[],"leadership":[{"name":"Mark Book","title":"Vice President and Portfolio Manager","crd":"1801602"},{"name":"Bryce Doty","title":"Senior Vice President, Senior Portfolio Manager","crd":"2086509"},{"name":"Paul Jungquist","title":"Senior Vice President, Senior Portfolio Manager","crd":"6631020"},{"name":"Paul Rasmussen","title":"Vice President, Secretary, Chief Compliance Officer","crd":"2421880"},{"name":"Roger Sit","title":"Chairman and CEO","crd":"2174779"}],"ownership":[{"label":"Sit Investment Associates, Inc","detail":"Unit holder in the 50% to 75% ownership band and a control person, since December 1997."},{"label":"Bryce Doty","detail":"Senior vice president, senior portfolio manager in the 5% to 10% ownership band and a control person, since June 2013."},{"label":"Paul Jungquist","detail":"Senior vice president, senior portfolio manager in the 5% to 10% ownership band and a control person, since December 2015."},{"label":"Mark Book","detail":"Vice president and portfolio manager in the 5% to 10% ownership band and a control person, since June 2002."},{"label":"Gail V. Sit Family Trust","detail":"Indirect owner: a shareholder of Sit Investment Associates, Inc in the 25% to 50% band and a control person, since June 2008.","parent":"Sit Investment Associates, Inc"},{"label":"Roger Sit","detail":"Indirect owner: trustee of Gail V. Sit Family Trust and a control person, since April 2007.","parent":"Gail V. Sit Family Trust"},{"label":"Ronald Sit","detail":"Indirect owner: trustee of Gail V. Sit Family Trust and a control person, since April 2007.","parent":"Gail V. Sit Family Trust"},{"label":"Samuel Kaplan","detail":"Indirect owner: trustee of Gail V. Sit Family Trust and a control person, since August 2019.","parent":"Gail V. Sit Family Trust"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"3300 Ids Center, 80 South 8th Street","city":"Minneapolis","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"612-332-3223","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"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"],"financialPlanningClients":null,"assetMix":[{"label":"U.S. government/agency bonds","percent":33},{"label":"U.S. state and local bonds","percent":38},{"label":"Investment grade corporate bonds","percent":14},{"label":"Securities issued by registered investment companies or business development companies","percent":14},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":18},"sources":{"adv1FilingDate":"22 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108271/PDF/108271.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Sit Fixed Income Advisors II have?","answer":"Sit Fixed Income Advisors II has 115 clients and manages $15 billion for them, as of June 2026. They include 31 charitable organizations, 24 pooled investment vehicles and 23 insurance companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 22 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sit Fixed Income Advisors II offer?","answer":"Sit Fixed Income Advisors II provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","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 Sit Fixed Income Advisors II use?","answer":"Sit Fixed Income Advisors II’s separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $6,282,425,343, The Bank of New York Mellon (New York, NY), with $3,008,281,422 and U.S. Bancorp (Minneapolis, MN), with $1,860,566,280. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Sit Fixed Income Advisors II have?","answer":"Sit Fixed Income Advisors II has 0 investment adviser representatives registered with state securities authorities, out of 73 employees, and 35 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 Sit Fixed Income Advisors II invest in?","answer":"At the end of its last fiscal year, Sit Fixed Income Advisors II’s separately managed accounts held 38% state and local bonds, 33% U.S. government and agency bonds, 14% investment grade corporate bonds, 14% registered funds (mutual funds, ETFs, BDCs) and 1% cash and equivalents. It advises 18 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 Sit Fixed Income Advisors II?","answer":"Sit Fixed Income Advisors II’s direct owners are Sit Investment Associates, Inc (50% to 75%), Bryce Doty (5% to 10%), Paul Jungquist (5% to 10%) and Mark Book (5% to 10%).","source":"Form ADV Part 1A, Schedules A and B, filed 22 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sit Fixed Income Advisors II get paid?","answer":"Sit Fixed Income Advisors II 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","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."}