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U.S. BANCORP ASSET MANAGEMENT, INC.
CRD 111912File 801-60125
APPROVED
Custody
Disclosure events
Filing as of Aug 28, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$427.48B
Top 10% of cohort (national)
Discretionary AUM
$426.58B
Non-discretionary $897.8M
Clients
818
2,340 accounts
Employees
322
Top 10% of cohort in MN
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Apr 13, 2001
- Principal office
- 800 NICOLLET MALL, MAIL STOP BC-MN-17UL, MINNEAPOLIS, MN, 55402
- Phone
- 717-232-2723
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $427.48B
- Discretionary AUM
- $426.58B
- Non-discretionary AUM
- $897.8M
- Discretionary accounts
- 1,884
- Non-discretionary accounts
- 456
- Total accounts
- 2,340
- AUM per client
- $522.6M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 43 | $26.54B |
| Insurance companies | 4 | $528.7M |
| Investment companies | 9 | $192.71B |
| Charitable organizations | 56 | $1.54B |
| Pooled investment vehicles | 20 | $86.17B |
| Banking or thrift institutions | Fewer than 5 | $7.17B |
| Pension and profit sharing plans | 22 | $2.23B |
| State or municipal government entities | 664 | $102.20B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Other (described) — ADMINISTRATION FEES
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- Yes
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11- Q11A2
- Q11C2
- Q11C4
- Q11C5
- Q11D1
- Q11D2
- Q11D4
- Q11H1A
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Clients | 881 | 818 | decreased by63 |
| Apr 1, 2026 | Employees | 318 | 322 | increased by4 |
| Apr 1, 2026 | Clients | 899 | 881 | decreased by18 |
| Apr 1, 2026 | AUM | $402,817,397,453 | $427,478,051,485 | increased by$24,660,654,032 |
| Apr 1, 2026 | Accounts | 2,384 | 2,340 | decreased by44 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 114 | 318 | increased by204 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 34 | 899 | increased by865 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $192,736,483,744 | $402,817,397,453 | increased by$210,080,913,709 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 78 | 2,384 | increased by2,306 |
| Apr 1, 2022 | Employees | 105 | 114 | increased by9 |
| Apr 1, 2022 | Clients | 32 | 34 | increased by2 |
| Apr 1, 2022 | AUM | $150,003,053,614 | $192,736,483,744 | increased by$42,733,430,130 |
| Apr 1, 2022 | Accounts | 70 | 78 | increased by8 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “BANCORP ASSET” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BANCORP ASSET” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.