Strategic Asset Management provides financial planning, portfolio management for individuals and small businesses, education planning, and insurance.
Strategic Asset Management reports 231 clients. They include 156 individual clients and 75 high-net-worth individuals. Of its assets, 100.0% ($218M across 233 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 68% | 38% |
| High-net-worth individuals | 32% | 61% |
| Charitable organizations | Fewer than 5 | 1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 156 | $83.1M | 38.1% | $533K |
| High-net-worth individuals | 75 | $132M | 60.5% | $1.76M |
| Charitable organizations | Fewer than 5 | $2.92M | 1.3% | — |
| Corporations and other businesses | Fewer than 5 | $71.1K | 0.0% | — |
| Total | 231 | $218M | 100% | — |
- Clients
- 156
- Regulatory AUM
- $83.1M
- AUM share
- 38.1%
- Avg. per client
- $533K
- Clients
- 75
- Regulatory AUM
- $132M
- AUM share
- 60.5%
- Avg. per client
- $1.76M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.92M
- AUM share
- 1.3%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $71.1K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 231
- Regulatory AUM
- $218M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Strategic Asset Management charges up to 2.00% a year for its Portfolio Management. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is a negotiated fixed fee of between $500 and $2,500 per plan, paid in arrears on completion.
Gregory Nelson owns 75% or more of Strategic Asset Management. The leadership team of Strategic Asset Management includes President Gregory Nelson. It has 11 employees, 10 of them in advisory roles.
Leadership
- Gregory NelsonPresident and Owner
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
Staff
- 11 employees
- 10 in advisory functions
- 10 state-registered reps
- 1 broker-dealer rep
- Owns 75% or more of Strategic Asset Management LLC.
Gregory Nelson
Control person · since March 2023
Strategic Asset Management’s regulatory assets grew 2.1× from $103M (June 2021) to $218M (September 2026); clients rose from 173 to 231 and employees from 4 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $218M | 231 | 11 | 5 |
| February 2025 | $124M | 351 | 7 | 3 |
| April 2024 | $118M | 275 | 7 | 3 |
| February 2023 | $104M | 266 | 7 | 3 |
| January 2022 | $118M | 531 | 8 | 4 |
| June 2021 | $103M | 173 | 4 | 4 |
Besides its headquarters, Strategic Asset Management has 4 offices (2 private residences, listed without an address), with 3 listed addresses in Illinois, Iowa and Minnesota.
Illinois · 1 listed address
- 206 North River Street, East Dundee
Iowa · 1 listed address
- 2346 Mormon Trek BLVD, Iowa City
Minnesota · 1 listed address
- 2434 Superior Drive NW, Suite 101, RochesterHQ
Other business names
Strategic Asset Management has reported 7 other business names to the SEC.
- Birch River Financial Services
- Mims Financial Services
- Planning With Purpose for Real
- Ridgeline Financial Services
- Strategic Insurance Group
- Strategic Tax & Retirement
- Together Capital Advisors
Contact and registration details
- Legal name
- Strategic Asset Management LLC.
- Headquarters
- 2434 Superior Drive NW, Suite 101, Rochester, MN 55901
- Website
- strategicassetmgt.com
- Phone
- 888-526-8755
- SEC file
- 801-120401
- Founded
- 2019
- Structure
- Minnesota LLC
- Fiscal year end
- December
Strategic Asset Management uses Charles Schwab ($218M) as custodian for its separately managed accounts. Strategic Asset Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $218M100%
At year end, Strategic Asset Management’s separately managed accounts were mostly in funds (83%) and stocks (13%).
What the accounts hold
- Stocks13%
- Funds83%
- Bonds1%
- Cash3%
How many clients does Strategic Asset Management have?
Strategic Asset Management has 231 clients and manages $218 million for them, as of September 2026. They include 156 individual clients and 75 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 September 2026
What services does Strategic Asset Management offer?
Strategic Asset Management provides financial planning, portfolio management for individuals and small businesses, education planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Strategic Asset Management charge?
Strategic Asset Management charges up to 2.00% a year for its Portfolio Management. The fee is billed in advance or in arrears and is negotiable.
Source: ADV PART 2A- STRATEGIC ASSET MANAGEMENT LLC., filed 22 January 2026
Which custodians does Strategic Asset Management use?
Strategic Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $218M. 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 September 2026
How many financial advisors does Strategic Asset Management have?
Strategic Asset Management has 10 investment adviser representatives registered with state securities authorities, out of 11 employees, and 10 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees 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 Strategic Asset Management invest in?
At the end of its last fiscal year, Strategic Asset Management’s separately managed accounts held 83% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 3% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Strategic Asset Management?
Strategic Asset Management’s direct owner is Gregory Nelson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 22 September 2026
How does Strategic Asset Management get paid?
Strategic Asset Management is paid through a percentage of assets under management 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
How do I contact Strategic Asset Management?
Strategic Asset Management’s main office is at 2434 Superior Drive NW, Suite 101, Rochester, MN 55901. Its phone number is 888-526-8755. Its website is strategicassetmgt.com.