{"url":"https://nivawealth.com/firms/strategic-asset-management-306384","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/306384","regulatoryAum":218258845,"crd":"306384","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1053765","suffix":null,"lastName":"DARNER","firstName":"DAVID","middleName":"LESTER"},{"crd":"2261282","suffix":null,"lastName":"HORICK","firstName":"JONATHAN","middleName":"PAUL"},{"crd":"4292446","suffix":null,"lastName":"JOHNSON","firstName":"WADE","middleName":"MICHAEL"},{"crd":"5323456","suffix":null,"lastName":"LOVIK","firstName":"NATHAN","middleName":"ANDREW"},{"crd":"7048561","suffix":null,"lastName":"MIMS","firstName":"MONICA","middleName":"RAE"},{"crd":"4202677","suffix":null,"lastName":"Mims","firstName":"Susan","middleName":"Marshall"},{"crd":"5561155","suffix":null,"lastName":"Mueller","firstName":"Kristen","middleName":"Marie"},{"crd":"3019785","suffix":null,"lastName":"NELSON","firstName":"GREGORY","middleName":"BRIAN"},{"crd":"6232758","suffix":null,"lastName":"RAINEY","firstName":"ADAM","middleName":"LEE"},{"crd":"4500774","suffix":null,"lastName":"SHOCKEY","firstName":"JOHN","middleName":"L"},{"crd":"4782886","suffix":null,"lastName":"Willeumier","firstName":"David","middleName":"J"}],"total":11,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-06-15","regulatoryAum":103130509,"clients":173,"employees":4,"offices":4},{"filedOn":"2022-01-26","regulatoryAum":118034268,"clients":531,"employees":8,"offices":4},{"filedOn":"2023-02-15","regulatoryAum":103667970,"clients":266,"employees":7,"offices":3},{"filedOn":"2024-04-19","regulatoryAum":118102489,"clients":275,"employees":7,"offices":3},{"filedOn":"2025-02-28","regulatoryAum":124399526,"clients":351,"employees":7,"offices":3},{"filedOn":"2026-09-22","regulatoryAum":218258845,"clients":231,"employees":11,"offices":5}],"secFileNumber":"801-120401","legalName":"Strategic 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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Strategic Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Strategic Asset Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Strategic Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Strategic Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Strategic Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Strategic Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Strategic Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Strategic Asset Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 22 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"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 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."}