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
U.S. Bancorp Asset Management, Inc.
Latest filing Aug 28, 2026
First filing on the tape Mar 30, 2012 · 36 filings
SEC status approved since Apr 13, 2001
RAUM
$427B
reported, Item 5.F
Discretionary
100%
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
322
62 advisory (5.B.1)
Offices
50
beyond the principal office
Private funds
1
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$427B as of Aug 28, 2026
Mar 30, 2012$51B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 28, 2026
Mar 28, 20130 then
Employees (5.A)322 as of Aug 28, 2026
Mar 28, 201396 then
Private funds1 as of Aug 28, 2026
Mar 31, 20171 then
RAUM +6.1% over the last fiscal year+43% a year over threeIARs 0 to 0offices 25 to 50
Practice profile
derived from the filing of Aug 28, 2026; every figure names its basis
Archetypes, each a printed rule
- Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- 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
- $183MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 25%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived51 offices incl. principal (1.F.5)
- RAUM growth, one year
- +6.1%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, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- yesreportedItem 9.A
- Ownership
- a bank, bancorp or trust company is a 50 percent or greater ownerderived
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- a related person acts as qualified custodian (9.D.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$193B46%
- State and municipal entities$102B24%
- Pooled investment vehicles$86B21%
- Corporations and businesses$27B6.3%
- Banks and thrifts$7.2B1.7%
- Pension and profit-sharing plans$2.2B0.5%
- Charitable organizations$1.5B0.4%
- Insurance companies$529M0.1%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 22reported
- Charitable clients
- 56reported
- Accounts
- 2,340reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.65 institutional_share=0.25 related_bd=true related_bank=false bd_reps=111.0derived
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
- Karen Lynn Stevison to Nuveen Asset Management, LLCJan 5, 2011 · Other
- Ryan Patrick Dwyer to Nuveen Asset Management, LLCJan 5, 2011 · Other
- Kevin William Campbell to Sunset Financial Services, Inc.Jan 5, 2011 · Other
- Thomas Vincent Reid to Nuveen Asset Management, LLCJan 5, 2011 · Other
- Nicholas Henry Lanctot to Nuveen Asset Management, LLCJan 5, 2011 · Other
- Andrew Philip Haas to Nuveen Asset Management, LLCJan 5, 2011 · Other
- Joseph Peyton Belew to 9258 Wealth Management, LLCDec 31, 2005 · Other
- Barry William Randall to Wilmington Trust Investment Advisors, Inc.Aug 29, 2005 · Other
- Brian Joseph Thomas to U.S. Bancorp Investments, Inc.Nov 29, 2004 · Other
- Joseph Anthony Frohna to Cortina Asset Management, LLCApr 20, 2004 · Other
- Todd Matthew Krieg to Reinhart Partners, LLCMay 1, 2003 · Other
- Matthew D'Attilio to Reinhart Partners, LLCMay 1, 2003 · Other
- Peter Charles Merzian to Ws Griffith Securities, Inc.Jan 9, 2003 · Other
Joined, latest
- Kevin William Campbell from Lincoln Financial Distributors, Inc.Nov 17, 2010 · Other
- Karen Lynn Stevison from Fred Alger Management, LLCNov 16, 2010 · Other
- Ryan Patrick Dwyer from New England Securities CorporationOct 28, 2010 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Mount Vernon Liquid Assets Portfolio, LLC | Liquidity Fund | $6.2B | 221 | Oct 3, 2016 |
Owners and control persons
Schedule A and B, latest filing
- Jude Richard Ertel · Director, Chief Counsel And Secretarycontrolsince 01/2011 · owns less than 5%
- Ann Lisa Isaacson · Chief Administrative Officercontrolsince 10/2024 · owns less than 5%
- Joseph Leo Karwejna · Chief Compliance Officercontrolsince 03/2024 · owns less than 5%
- David James Palmer · Director, Cio - Money Market Funds Management And Corporate Fixed Income Strategiescontrolsince 06/2014 · owns less than 5%
- Eric Kenneth Schiebel · Cio - Public Funds Management And Ocio Strategiescontrolsince 10/2024 · owns less than 5%
- Michele Jill Stevenson · Head Of Operations And Mutual Funds Treasurercontrolsince 09/2014 · owns less than 5%
- James Eric Thole · Director, Chief Executive Officer & Presidentcontrolsince 06/2014 · owns less than 5%
Entity owners
- U.S. Bank National Association · Shareholderdirect · owns 75% or more
- U.S. Bancorp · Shareholderindirect · owns 75% or more of U.S. Bank National Association · public reporting company
Related persons
Schedule D 7.A
- Pfm Asset Management LLCinvestment adviserLP sponsoryRAUM $177B
- Pfm Fund Distributors, Inc.broker-dealern
- U.S. Bancorp Investments, Inc.broker-dealerinvestment adviserreal estatenRAUM $23B
- U.S. Bank National Associationbroker-dealerCPO or CTAcustodiany
Advisers that list U.S. Bancorp Asset Management, Inc. as a related person
Offices
Schedule D 1.F, the 25 largest
- Denver, CO1 employees
- Harrisburg, PA1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- office count surgeChange between filings · filing Mar 27, 2026offices other than the principal office (Item 1.F.5) moved from 25.0 to 50.0 (+100.0%) between the annual amendments of 2025-03-31 and 2026-03-27; the peer median change was 0.0% (198 comparable advisers, 99.0th percentile of changes)peers: asset managers, $20B and over (198) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 2,384 to 2,340Oct 6, 2025 to Mar 27, 2026
- Advisory employees · 63 to 62Oct 6, 2025 to Mar 27, 2026
- BD registered reps · 115 to 111Oct 6, 2025 to Mar 27, 2026
- Charity clients · 54 to 56Oct 6, 2025 to Mar 27, 2026
- Corporate clients · 46 to 43Oct 6, 2025 to Mar 27, 2026
- Pension plan clients · 26 to 22Oct 6, 2025 to Mar 27, 2026
- Pooled vehicle clients · 19 to 20Oct 6, 2025 to Mar 27, 2026
- Employees · 318 to 322Oct 6, 2025 to Mar 27, 2026
- Other offices · 25 to 50Oct 6, 2025 to Mar 27, 2026
- Discretionary RAUM · $402B to $427BOct 6, 2025 to Mar 27, 2026
- Non-discretionary RAUM · $728M to $898MOct 6, 2025 to Mar 27, 2026
- Pension RAUM · $9.0B to $2.2BOct 6, 2025 to Mar 27, 2026
- Pooled vehicle RAUM · $85B to $86BOct 6, 2025 to Mar 27, 2026
- RAUM · $403B to $427BOct 6, 2025 to Mar 27, 2026
- Accounts · 88 to 2,384Oct 1, 2024 to Mar 31, 2025
- Advisory employees · 17 to 63Oct 1, 2024 to Mar 31, 2025
- BD registered reps · 13 to 115Oct 1, 2024 to Mar 31, 2025
- Charity clients · unset to 54.0Oct 1, 2024 to Mar 31, 2025
- Corporate clients · 30 to 46Oct 1, 2024 to Mar 31, 2025
- Pension plan clients · 0 to 26Oct 1, 2024 to Mar 31, 2025
- Pooled vehicle clients · 1 to 19Oct 1, 2024 to Mar 31, 2025
- Employees · 77 to 318Oct 1, 2024 to Mar 31, 2025
- Financial planning clients · unset to Oct 1, 2024 to Mar 31, 2025
- Other offices · 5 to 25Oct 1, 2024 to Mar 31, 2025
- Discretionary RAUM · $176B to $402BOct 1, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $0 to $728MOct 1, 2024 to Mar 31, 2025
- Pension RAUM · unset to 8982846890.0Oct 1, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $6.2B to $85BOct 1, 2024 to Mar 31, 2025
- RAUM · $176B to $403BOct 1, 2024 to Mar 31, 2025
- BD registered reps · 14 to 13Jan 11, 2024 to Mar 29, 2024
- Corporate clients · 26 to 30Jan 11, 2024 to Mar 29, 2024
- Employees · 106 to 77Jan 11, 2024 to Mar 29, 2024
- Discretionary RAUM · $147B to $176BJan 11, 2024 to Mar 29, 2024
- Pooled vehicle RAUM · $6.1B to $6.2BJan 11, 2024 to Mar 29, 2024
- RAUM · $147B to $176BJan 11, 2024 to Mar 29, 2024
- Accounts · 78 to 88Nov 2, 2022 to Mar 30, 2023
- Advisory employees · 15 to 17Nov 2, 2022 to Mar 30, 2023
- BD registered reps · 16 to 14Nov 2, 2022 to Mar 30, 2023
- Corporate clients · 22 to 26Nov 2, 2022 to Mar 30, 2023
- Employees · 114 to 106Nov 2, 2022 to Mar 30, 2023
Signals
11 dated events
- U.S. Bancorp Asset Management, Inc. reported 50 offices beyond its principal office, up from 25 (2025-10-06 to 2026-03-27)Mar 27, 2026 · Office count change · derived
- U.S. Bancorp Asset Management, Inc. reported 25 offices beyond its principal office, up from 5 (2024-10-01 to 2025-03-31)Mar 31, 2025 · Office count change · derived
- U.S. Bancorp Asset Management, Inc. reported RAUM $402.8B, up 129% from $176.1B (2024-10-01 to 2025-03-31)Mar 31, 2025 · RAUM change · derived
- Ann Lisa Isaacson (Chief Administrative Officer) appeared on Schedule A of U.S. Bancorp Asset Management, Inc.Oct 1, 2024 · Control person joined · fact
- Eric Kenneth Schiebel (Cio - Public Funds Management And Ocio Strategies) appeared on Schedule A of U.S. Bancorp Asset Management, Inc.Oct 1, 2024 · Control person joined · fact
- Joseph Leo Karwejna (Chief Compliance Officer) appeared on Schedule A of U.S. Bancorp Asset Management, Inc.Mar 29, 2024 · Control person joined · fact
- Ann Alyssa Bentz (Chief Compliance Officer) no longer on Schedule A of U.S. Bancorp Asset Management, Inc. (listed 2024-01-11, absent 2024-03-29)Mar 29, 2024 · Control person left · inference
- U.S. Bancorp Asset Management, Inc. reported RAUM $192.7B, up 28% from $150.0B (2022-01-06 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Marie Ruth Mayr (Chief Compliance Officer) no longer on Schedule A of U.S. Bancorp Asset Management, Inc. (listed 2021-03-31, absent 2021-07-12)Jul 12, 2021 · Control person left · inference
- Ann Alyssa Bentz (Chief Compliance Officer) appeared on Schedule A of U.S. Bancorp Asset Management, Inc.Jul 12, 2021 · Control person joined · fact
- U.S. Bancorp Asset Management, Inc. reported RAUM $150.0B, up 62% from $92.6B (2020-07-01 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
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/pfm-asset-managementreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/us-bancorp-asset-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- pfmam.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 717-232-2723reportedpublic record, Form ADV, Aug 28, 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
- Asset manager (funds and pooled vehicles)deriveda 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