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U.S. Bancorp Advisors

Wealth managementBank & trust

Saint Paul, MNCRD 14455Updated

U.S. Bancorp Advisors is an investment adviser based in Saint Paul, MN, registered with the SEC since 2009. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and corporations and other businesses. Its regulatory assets under management total $1.8 billion, as filed on 25 September 2026.

$1.8B
AUM
3,343
Clients
$519K
AUM per individual client
141
Advisory staff
175
Offices
1.10–2.00%
Fee

From Form ADV filed 25 September 2026SEC record

Services and clients

U.S. Bancorp Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.

U.S. Bancorp Advisors reports 3,343 clients. They include 2,809 individual clients, 436 high-net-worth individuals, and 73 corporations and other businesses. Of its assets, 94.2% ($1.69B across 3,861 accounts) are managed with discretion; $104M across 131 accounts are not. A wrap fee program the firm both sponsors and manages holds $1.8B.

Clients and assets by client type
Clients3,343 clients reported
Assets$1.8B
Share of clients and assets by client type
Client typeClientsAssets
Individuals (other than HNW)84%62%
High-net-worth individuals13%32%
Pension and profit-sharing plans<1%1%
Charitable organizationsFewer than 5<1%
Corporations and other businesses2%5%

Client shares use reported counts. Client types without a reported count are excluded from that total.

Client breakdown and activity details
Individuals (other than HNW)
Clients
2,809
Regulatory AUM
$1.12B
AUM share
62.2%
Avg. per client
$398K
High-net-worth individuals
Clients
436
Regulatory AUM
$567M
AUM share
31.6%
Avg. per client
$1.3M
Pension and profit-sharing plans
Clients
25
Regulatory AUM
$25.5M
AUM share
1.4%
Avg. per client
$1.02M
Charitable organizations
Clients
Fewer than 5
Regulatory AUM
$2.06M
AUM share
0.1%
Avg. per client
—
Corporations and other businesses
Clients
73
Regulatory AUM
$83.7M
AUM share
4.7%
Avg. per client
$1.15M

Total

Clients
3,343
Regulatory AUM
$1.8B
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

U.S. Bancorp Advisors fees and minimums

U.S. Bancorp Advisors charges 1.10%–2.00% for its Personal Portfolios Wrap Program. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is negotiable.

$0–$250K2.00%
$250K–$500K1.80%
$500K–$1M1.60%
$1M–$2M1.35%
$2M–$5M1.10%
$5M and above1.10%
Fee details and sources

Who owns U.S. Bancorp Advisors

U.S. Bancorp owns 75% or more of U.S. Bancorp Advisors. Kimberly Nicole Ferguson is CEO; the leadership team includes Chief Financial Officer Shannon Keith Clark and Chief Compliance Officer Kyle Norman Salstrom. It has 379 employees, 141 of them in advisory roles.

Leadership

  • Kimberly Nicole Ferguson
    President, Chief Executive Officer and Manager
  • Shannon Keith Clark
    Chief Financial Officer and Manager
  • Kyle Norman Salstrom
    Chief Compliance Officer and Manager
  • Carlos Alonso Arias
    Manager
  • Eileen Bejasa
    Manager
  • Joel Ira Floum
    Manager
  • Matthew Ryan McCarthy
    Chief Legal Officer
  • Eileen Renee Menacher
    Manager
  • Stephen Ward Steiner
    Chief Operations Officer and Manager
  • Shane T Triplett
    Manager

Investment adviser representatives

1,159 representatives listed in the SEC register as of 9 October 2026.

Showing the first 500 of 1,159 representatives. The full adviser list is truncated.

  • Eric Paul Abbe
  • Jeanne Marie Abraham
  • Erick Adame
  • Jairo Yancarlo Adame
  • Dustin Wayne Adams
  • Marina Adamson
  • Eduardo A Aguayo
  • Kevin Omid Alaghemand
  • Mike Alaghemand
  • Hiba Adnan Albasri
  • Anthony Alberico Jr
  • Loyce Denise Alexander

Staff

  • 379 employees
  • 141 in advisory functions
  • 174 state-registered reps
  • 274 broker-dealer reps
  • 107 insurance agents
Ownership chain
U.S. Bancorp Advisors, LLC· the adviser

  • U.S. Bancorp

    Control person · since June 2023

    Owns 75% or more of U.S. Bancorp Advisors, LLC

Growth and acquisitions

U.S. Bancorp Advisors’ regulatory assets grew from $1.69B (May 2021) to $1.8B (September 2026); clients fell from 4,850 to 3,343 and employees from 424 to 379.

By annual filing
Measure
Figures from each annual filing
U.S. Bancorp Advisors figures from each annual Form ADV filing
FiledRegulatory AUMClientsEmployeesOffices
September 2026$1.8B3,343379175
April 2025$1.52B3,279244148
June 2024$1.39B3,286238204
August 2023$1.47B3,339388204
July 2022$1.91B4,132391204
May 2021$1.69B4,850424348

Offices and registration details

Besides its headquarters, U.S. Bancorp Advisors has 174 offices, with 26 listed addresses across 5 states.

Listed office addresses by state

Minnesota · 1 listed address

  • 60 Livingston Ave, EP-MN-N2WC, Saint PaulHQ

Contact and registration details

Legal name
U.S. Bancorp Advisors, LLC
Headquarters
60 Livingston Ave, EP-MN-N2WC, Saint Paul, MN 55107
Website
usbank.com
Phone
800-888-4700
SEC file
801-70084
Structure
Delaware LLC
Fiscal year end
December

Custodians

U.S. Bancorp Advisors uses Fidelity ($1.8B) as custodian for its separately managed accounts. U.S. Bancorp Advisors has custody of $1.8B in client assets for 3,347 clients.

Reported separately managed account assets by custodian
$1.8B
named custodians
  • FidelityNational Financial Services LLC · New York, NY · $1.8B100%

Investments and reported holdings

At year end, U.S. Bancorp Advisors’ separately managed accounts were mostly in stocks (67%) and funds (28%).

What the accounts hold

Separately managed account assets by class, year end
  • Stocks67%
  • Funds28%
  • Bonds2%
  • Cash3%

Common questions

How many clients does U.S. Bancorp Advisors have?

U.S. Bancorp Advisors has 3,343 clients and manages $1.8 billion for them, as of September 2026. They include 2,809 individual clients, 436 high-net-worth individuals, and 73 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 September 2026

What services does U.S. Bancorp Advisors offer?

U.S. Bancorp Advisors provides financial planning, portfolio management for individuals and small businesses, 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

How much does U.S. Bancorp Advisors charge?

U.S. Bancorp Advisors charges 1.10%–2.00% for its Personal Portfolios Wrap Program. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is negotiable.

Source: USBA WRAP BROCHURE - PART 2A APPENDIX 1, filed 31 July 2026

Which custodians does U.S. Bancorp Advisors use?

U.S. Bancorp Advisors’ separately managed account assets are held at National Financial Services LLC (New York, NY), with $1.8B. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 September 2026

How many financial advisors does U.S. Bancorp Advisors have?

U.S. Bancorp Advisors has 174 investment adviser representatives registered with state securities authorities, out of 379 employees, and 141 perform investment advisory functions. 274 employees are registered representatives of a broker-dealer and 107 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 U.S. Bancorp Advisors invest in?

At the end of its last fiscal year, U.S. Bancorp Advisors’ separately managed accounts held 67% exchange-traded equities, 28% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 2% state and local bonds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns U.S. Bancorp Advisors?

U.S. Bancorp Advisors’ direct owner is U.S. Bancorp (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 25 September 2026

How does U.S. Bancorp Advisors get paid?

U.S. Bancorp Advisors is paid through a percentage of assets under management and other compensation. 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

Is U.S. Bancorp Advisors registered with the SEC?

Yes, U.S. Bancorp Advisors has been registered with the SEC as an investment adviser since 14 August 2009. Its CRD number is 14455 and its SEC file number is 801-70084.

Source: Form ADV Part 1A, Item 1, filed 25 September 2026; IAPD firm record

How do I contact U.S. Bancorp Advisors?

U.S. Bancorp Advisors’ main office is at 60 Livingston Ave, EP-MN-N2WC, Saint Paul, MN 55107. Its phone number is 800-888-4700. Its website is usbank.com.

Source: Form ADV Part 1A, Item 1.F, filed 25 September 2026

Sources and methodology

  1. Form ADV Part 1A, amendment filed 25 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. USBA WRAP BROCHURE - PART 2A APPENDIX 1, submitted 31 July 2026.
  3. SEC-filed document.
  4. IAPD firm record, CRD 14455.
  5. SEC registered adviser data, annual Form ADV amendments filed 19 May 2021 to 25 September 2026. Items 1.F and 5.
  6. SEC investment adviser representative register, as of 9 October 2026; loaded 10 October 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. Disciplinary history is not yet shown here. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. The logo is reproduced for identification from U.s. Bancorp Advisors, LLC, website.

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