DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Securian Asset Management, Inc.

Institutional managerSt Paul, MinnesotaCRD 109905SEC 801-47262websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 38 filings
SEC status approved since Sep 16, 1994
RAUM
$42B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
70
34 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$42B as of Mar 31, 2026
Mar 30, 2012$24B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 30, 20120 then
Employees (5.A)70 as of Mar 31, 2026
Apr 1, 201398 then
Private funds: no history
RAUM -5.1% over the last fiscal year+0.4% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
  • OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$104MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
88%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-5.1%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for investment companies, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Insurance companies$37B88%
  • Investment companies$4.8B11%
  • Corporations and businesses$124M0.3%
  • Charitable organizations$115M0.3%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
398reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=0.11 institutional_share=0.88 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • John Robert Ehren · Directorcontrol
        since 05/2017 · owns less than 5%
      • Louise Suzette Huovinen · President; Ceo; Directorcontrol
        since 01/2023 · owns less than 5%
      • Zhang Wen Nannen · Executive Vice President; Chief Investment Officer; Directorcontrol
        since 07/2023 · owns less than 5%
      • Thomas Michael Steinert · Senior Vice President; Chief Operating Officer; Head Of Financecontrol
        since 08/2021 · owns less than 5%
      • Louise Jennifer Wolf · Senior Vice President; Chief Legal Officercontrol
        since 09/2016 · owns less than 5%
      • Lynn Jessica Parrucci · Vice President; Chief Compliance Officer
        since 08/2024 · owns less than 5%
      Entity owners
      • Securian Financial Group, Inc. · Sole Direct Owner
        direct · owns 75% or more
      • Minnesota Mutual Companies, Inc. · Shareholder
        indirect · owns 75% or more of Securian Holding Company
      • Securian Holding Company · Shareholder
        indirect · owns 75% or more of Securian Financial Group, Inc.
      Related persons
      Schedule D 7.A
      • Aam
        investment advisernRAUM $27B
      • Minnesota Life Insurance Company
        real estaten
      • Securian Casualty Company
        real estaten
      • Securian Financial Group, Inc.
        real estaten
      • Securian Financial Services, Inc.
        broker-dealernRAUM $21B
      • Securian Life Insurance Company
        real estaten
      Advisers that list Securian Asset Management, Inc. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 387 to 398
        Jul 21, 2025 to Mar 31, 2026
      • Advisory employees · 35 to 34
        Jul 21, 2025 to Mar 31, 2026
      • Employees · 86 to 70
        Jul 21, 2025 to Mar 31, 2026
      • Discretionary RAUM · $43B to $41B
        Jul 21, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $693M to $582M
        Jul 21, 2025 to Mar 31, 2026
      • Pension RAUM · 4772535712.0 to unset
        Jul 21, 2025 to Mar 31, 2026
      • RAUM · $44B to $42B
        Jul 21, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Apr 1, 2025 to Jul 21, 2025
      • Accounts · 369 to 387
        Aug 29, 2024 to Apr 1, 2025
      • Advisory employees · 24 to 35
        Aug 29, 2024 to Apr 1, 2025
      • Employees · 87 to 86
        Aug 29, 2024 to Apr 1, 2025
      • Discretionary RAUM · $42B to $43B
        Aug 29, 2024 to Apr 1, 2025
      • Non-discretionary RAUM · $723M to $693M
        Aug 29, 2024 to Apr 1, 2025
      • Pension RAUM · $5.0B to $4.8B
        Aug 29, 2024 to Apr 1, 2025
      • RAUM · $43B to $44B
        Aug 29, 2024 to Apr 1, 2025
      • Accounts · 364 to 369
        Mar 25, 2024 to Aug 29, 2024
      • Advisory employees · 28 to 24
        Mar 25, 2024 to Aug 29, 2024
      • Charity clients · 1 to 0
        Mar 25, 2024 to Aug 29, 2024
      • Corporate clients · 4 to 0
        Mar 25, 2024 to Aug 29, 2024
      • Pension plan clients · 2 to 0
        Mar 25, 2024 to Aug 29, 2024
      • Employees · 90 to 87
        Mar 25, 2024 to Aug 29, 2024
      • Discretionary RAUM · $43B to $42B
        Mar 25, 2024 to Aug 29, 2024
      • Non-discretionary RAUM · $753M to $723M
        Mar 25, 2024 to Aug 29, 2024
      • Pension RAUM · $6.3B to $5.0B
        Mar 25, 2024 to Aug 29, 2024
      • RAUM · $44B to $43B
        Mar 25, 2024 to Aug 29, 2024
      • Accounts · 354 to 364
        Sep 6, 2023 to Mar 25, 2024
      • Advisory employees · 30 to 28
        Sep 6, 2023 to Mar 25, 2024
      • Employees · 87 to 90
        Sep 6, 2023 to Mar 25, 2024
      • Discretionary RAUM · $43B to $43B
        Sep 6, 2023 to Mar 25, 2024
      • Non-discretionary RAUM · $680M to $753M
        Sep 6, 2023 to Mar 25, 2024
      • Pension RAUM · $7.2B to $6.3B
        Sep 6, 2023 to Mar 25, 2024
      • RAUM · $43B to $44B
        Sep 6, 2023 to Mar 25, 2024
      • Accounts · 357 to 354
        Mar 30, 2023 to Sep 6, 2023
      • Employees · 89 to 87
        Mar 30, 2023 to Sep 6, 2023
      • Discretionary RAUM · $40B to $43B
        Mar 30, 2023 to Sep 6, 2023
      • Non-discretionary RAUM · $719M to $680M
        Mar 30, 2023 to Sep 6, 2023
      • Pension RAUM · $6.2B to $7.2B
        Mar 30, 2023 to Sep 6, 2023
      • RAUM · $41B to $43B
        Mar 30, 2023 to Sep 6, 2023
      • Advisory employees · 35 to 30
        Mar 31, 2022 to Mar 30, 2023
      • BD registered reps · 6 to 0
        Mar 31, 2022 to Mar 30, 2023
      Signals
      13 dated events
      • Jason Paul Thibodeaux (Senior Vice President; Chief Compliance Officer) no longer on Schedule A of Securian Asset Management, Inc. (listed 2024-03-25, absent 2024-08-29)
        Aug 29, 2024 · Control person left · inference
      • Zhang Wen Nannen (Executive Vice President; Chief Investment Officer; Director) appeared on Schedule A of Securian Asset Management, Inc.
        Sep 6, 2023 · Control person joined · fact
      • Jason Paul Thibodeaux (Senior Vice President; Chief Compliance Officer) appeared on Schedule A of Securian Asset Management, Inc.
        Sep 6, 2023 · Control person joined · fact
      • Pilon Ann Mcgarry (Director) no longer on Schedule A of Securian Asset Management, Inc. (listed 2023-03-30, absent 2023-09-06)
        Sep 6, 2023 · Control person left · inference
      • Gordon Peter Berlute (Director) no longer on Schedule A of Securian Asset Management, Inc. (listed 2023-03-30, absent 2023-09-06)
        Sep 6, 2023 · Control person left · inference
      • Mitchell Sean O'Connell (Chief Investment Officer, Director) no longer on Schedule A of Securian Asset Management, Inc. (listed 2023-03-30, absent 2023-09-06)
        Sep 6, 2023 · Control person left · inference
      • Lynne Mauldin Jennifer Pedigo (Senior Vice President; Director) no longer on Schedule A of Securian Asset Management, Inc. (listed 2023-03-30, absent 2023-09-06)
        Sep 6, 2023 · Control person left · inference
      • Louise Suzette Huovinen (President And Ceo) appeared on Schedule A of Securian Asset Management, Inc.
        Mar 30, 2023 · Control person joined · fact
      • Michael Craig Stapleton-Corcoran (Senior Vice President; Director) no longer on Schedule A of Securian Asset Management, Inc. (listed 2022-03-31, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • Lynne Mauldin Jennifer Pedigo (Senior Vice President; Director) appeared on Schedule A of Securian Asset Management, Inc.
        Mar 31, 2022 · Control person joined · fact
      • Mitchell O'Connell Sean (President) appeared on Schedule A of Securian Asset Management, Inc.
        Sep 1, 2021 · Control person joined · fact
      • Michael Gary Kleist (Financial Vice President; Director) no longer on Schedule A of Securian Asset Management, Inc. (listed 2021-03-04, absent 2021-09-01)
        Sep 1, 2021 · Control person left · inference
      • Michael David Kuplic (President; Director) no longer on Schedule A of Securian Asset Management, Inc. (listed 2021-03-04, absent 2021-09-01)
        Sep 1, 2021 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      LINKEDIN.COM/COMPANY/SECURIAN-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
      Website
      securian.com/about-us/corporate-structure/securian-asset-manreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      651-665-3500reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026