Securian Financial Services, Inc. (St Paul)
Securian Financial Services, Inc. Is a Large Advisory Firm Based in St Paul. It Manages $9.62 Billion of Regulatory Assets for 39,256 Client Accounts. It Has...
Securian Financial Services, Inc. is a large advisory firm based in St Paul. It manages $9.62 billion of regulatory assets for 39,256 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Securian Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 4,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
Securian Financial Services: assets under management
The assets under management (AUM) of Securian Financial Services, Inc. is $9.62 billion. The firm's AUM has grown by 1453% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $1.6 billion in discretionary accounts and $8.02 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $276.17 thousand.
Securian Financial Services has custody of $2.28 billion in cash and securities for 6,414 clients in total and its related person acts as a qualified custodian.
Investments
The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
