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

Asa Managed Account Managers LLC

Independent wealth managerMinneapolis, MinnesotaCRD 162855SEC 801-76871websiteIAPD
Latest filing Jun 29, 2026
First filing on the tape Jun 27, 2012 · 23 filings
SEC status approved since Jul 5, 2012
RAUM
$1.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
58%
$646M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1
0 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$1.1B as of Jun 29, 2026
Apr 2, 2013$561M then
HNW client RAUM$646M as of Jun 29, 2026
Mar 30, 2018$27.8M then
State-registered IARs (5.B.3)0 as of Jun 29, 2026
Apr 2, 20130 then
Employees (5.A)1 as of Jun 29, 2026
Apr 2, 20136 then
Private funds1 as of Jun 29, 2026
Apr 30, 20143 then
RAUM +21% over the last fiscal year-13% a year over threeIARs 0 to 0offices 0 to 1
Practice profile
derived from the filing of Jun 29, 2026; every figure names its basis
Archetypes, each a printed rule
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(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
$3.2MderivedHNW RAUM over HNW clients
Average account
$4.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
4.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+15%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$25.2M, 10 clientsreportedItem 9.A
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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$646M58%
  • Investment companies$241M22%
  • Corporations and businesses$177M16%
  • Charitable organizations$49.5M4.4%
  • Pooled investment vehicles$2.5M0.2%
Individual clients
n/areported
HNW clients
199reported
Pension plan clients
n/areported
Charitable clients
10reported
Accounts
228reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$25.2M for 10 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.58 fund_share=0.22 institutional_share=0.04 related_bd=false 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
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Transitional Funding Partners L.P.Other Private Fund$25.2M11Apr 30, 2014
      Asa Tax Advantaged Relative Value Fund L.P.no longer reportedHedge Fund$10.7M9Apr 30, 2014
      Asa Municipal Convergence Fund L.P.no longer reportedHedge Fund$8.1M6Apr 30, 2014
      Owners and control persons
      Schedule A and B, latest filing
      • Dean Robert Albright · Member-Asa Managed Account Managers LLC/Tf Managers LLC/Alternative Strategy Advisers LLCcontrol
        since 04/2008 · owns 25% to 50%
      • Austin Roland Jacobus · Member-Asa Managed Account Managers LLC/Tf Managers LLC/Alternative Strategy Advisers LLCcontrol
        since 04/2008 · owns 25% to 50%
      • Persis Susanna Peters · Member-Asa Managed Account Managers LLC/Tf Managers LLC/Alternative Strategy Advisers LLCcontrol
        since 01/2015 · owns less than 5%
      • Waite Timothy Stevens · Cco/Member - Asa Managed Account Managers LLC/Tf Managers LLC/Alternative Strategy Advisers LLCcontrol
        since 04/2008 · owns 5% to 10%
      Related persons
      Schedule D 7.A
      • Alternative Strategy Advisers LLC
        pooled vehicle sponsorn
      Advisers that list Asa Managed Account Managers LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • control person changedChange between filings · filing Jun 29, 2026
        PETERS, SUSANNA, PERSIS (MEMBER-ASA MANAGED ACCOUNT MANAGERS LLC/TF MANAGERS LLC/ALTERNATIVE STRATEGY ADVISERS LLC) left Schedule A between the filings of 2015-04-06 and 2026-06-29
        peers: independent wealth managers, $1B to $5B (1,360)
      What changed
      consecutive filings, newest first
      • Accounts · 226 to 228
        Mar 30, 2026 to Jun 29, 2026
      • HNW clients · 198 to 199
        Mar 30, 2026 to Jun 29, 2026
      • Assets in custody · $29.0M to $25.2M
        Mar 30, 2026 to Jun 29, 2026
      • Employees · 0 to 1
        Mar 30, 2026 to Jun 29, 2026
      • Discretionary RAUM · $1.1B to $1.1B
        Mar 30, 2026 to Jun 29, 2026
      • HNW RAUM · $630M to $646M
        Mar 30, 2026 to Jun 29, 2026
      • Pooled vehicle RAUM · $2.5M to $2.5M
        Mar 30, 2026 to Jun 29, 2026
      • RAUM · $1.1B to $1.1B
        Mar 30, 2026 to Jun 29, 2026
      • Accounts · 219 to 226
        Apr 22, 2025 to Mar 30, 2026
      • Charity clients · 11 to 10
        Apr 22, 2025 to Mar 30, 2026
      • HNW clients · 190 to 198
        Apr 22, 2025 to Mar 30, 2026
      • Assets in custody · $27.0M to $29.0M
        Apr 22, 2025 to Mar 30, 2026
      • Other offices · 0 to 1
        Apr 22, 2025 to Mar 30, 2026
      • Discretionary RAUM · $920M to $1.1B
        Apr 22, 2025 to Mar 30, 2026
      • HNW RAUM · $479M to $630M
        Apr 22, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $2.4M to $2.5M
        Apr 22, 2025 to Mar 30, 2026
      • RAUM · $920M to $1.1B
        Apr 22, 2025 to Mar 30, 2026
      • Accounts · 197 to 219
        Mar 29, 2024 to Apr 22, 2025
      • Charity clients · 10 to 11
        Mar 29, 2024 to Apr 22, 2025
      • HNW clients · 171 to 190
        Mar 29, 2024 to Apr 22, 2025
      • Assets in custody · $22.2M to $27.0M
        Mar 29, 2024 to Apr 22, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Apr 22, 2025
      • Discretionary RAUM · $1.9B to $920M
        Mar 29, 2024 to Apr 22, 2025
      • HNW RAUM · $647M to $479M
        Mar 29, 2024 to Apr 22, 2025
      • Pooled vehicle RAUM · $2.3M to $2.4M
        Mar 29, 2024 to Apr 22, 2025
      • RAUM · $1.9B to $920M
        Mar 29, 2024 to Apr 22, 2025
      • Accounts · 151 to 197
        Mar 31, 2023 to Mar 29, 2024
      • Charity clients · 9 to 10
        Mar 31, 2023 to Mar 29, 2024
      • Corporate clients · 1.0 to unset
        Mar 31, 2023 to Mar 29, 2024
      • HNW clients · 126 to 171
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 2 to 1
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $22.2M to $22.2M
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $1.7B to $1.9B
        Mar 31, 2023 to Mar 29, 2024
      • HNW RAUM · $432M to $647M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $2.7M to $2.3M
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $1.7B to $1.9B
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 112 to 151
        Oct 12, 2022 to Mar 31, 2023
      • HNW clients · 74 to 126
        Oct 12, 2022 to Mar 31, 2023
      • Pension plan clients · 18.0 to unset
        Oct 12, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 1 to 2
        Oct 12, 2022 to Mar 31, 2023
      Signals
      7 dated events
      • Asa Managed Account Managers Llc reported RAUM $920.2M, down 51% from $1.9B (2024-03-29 to 2025-04-22)
        Apr 22, 2025 · RAUM change · derived
      • Asa Managed Account Managers Llc reported RAUM $1.7B, up 179% from $613.1M (2022-10-12 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Asa Managed Account Managers Llc reported RAUM $613.1M, up 28% from $477.2M (2021-02-15 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Asa Managed Account Managers Llc reported RAUM $477.2M, up 57% from $303.2M (2020-06-30 to 2021-02-15)
        Feb 15, 2021 · RAUM change · derived
      • Asa Managed Account Managers Llc reported RAUM $237.7M, up 210% from $76.6M (2018-03-30 to 2019-03-30)
        Mar 30, 2019 · RAUM change · derived
      • Asa Managed Account Managers Llc reported RAUM $76.6M, down 69% from $249.3M (2017-02-24 to 2018-03-30)
        Mar 30, 2018 · RAUM change · derived
      • Asa Managed Account Managers Llc filed its initial SEC registration (Form ADV)
        Jun 27, 2012 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      ASALLC.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      952 847-2450reportedpublic record, Form ADV, Jun 29, 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
      Independent wealth 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