PRINCIPAL ADVISED SERVICES
PRINCIPAL ADVISED SERVICES, LLC Legal Name
Adviser information for PRINCIPAL ADVISED SERVICES last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 140 |
|---|---|
| Investment Advisory/Research | 58 |
| Registered Broker-Dealer Representatives | 52 |
| Registered State Investment Advisers | 53 |
| Licensed Agents of an Insurance Company | 34 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 11,801 | $569.5M |
| Non-Discretionary | 0 | $0 |
| Total | 11,801 | $569.5M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 11,786 | $546.6M |
| HNW Individuals | 15 | $22.9M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 1268 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUM |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 569.5M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| PRINCIPAL SIMPLEINVEST | PRINCIPAL ADVISED SERVICES |
Identifiers
| SEC RIA File Number | 801-114432 |
|---|---|
| SEC ERA File Number | 801-114432 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 297324 |
| Legal Entity Identifier | None |
Principal Office
655 9TH STREETDES MOINES
IA
United States
Monday - Friday, 8-5PM
Tel: 866-412-0770, Fax: None
Chief Compliance Officer
MEGAN JENNINGS
DIRECTOR, COMPLIANCE
711 HIGH STREET
DES MOINES
IA
United States
Tel:
5158780535
J*************@************M
(Full email address available in API data)
Regulatory Contact
STEFANIE KINNEY
COMPLIANCE ADVISOR
711 HIGH STREET
DES MOINES
IA
United States
Tel:
515-878-6332
K**************@************M
(Full email address available in API data)
Industry Affiliates
| PREFERRED PRODUCT NETWORK, INC. | Insurance company or agency |
| PRINCIPAL ASSET MANAGEMENT | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorPension consultantSponsor or syndicator of limited partnershipsSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL BANK | Banking or thrift institution |
| PRINCIPAL GLOBAL INVESTORS (IRELAND) LTD | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL GLOBAL INVESTORS TRUST COMPANY | Trust company |
| PRINCIPAL LIFE INSURANCE COMPANY | Insurance company or agency |
| PRINCIPAL NATIONAL LIFE INSURANCE COMPANY | Insurance company or agency |
| PRINCIPAL SECURITIES, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial planners |
| PRINCIPAL SHAREHOLDER SERVICES INC | Trust company |
| PRINCIPAL TRUST COMPANY | Trust company |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| FOSSELL, JANET, LORETTA | Individual | – | CHIEF OPERATIONS OFFICER | 11/2018 | < 5% |
| CHRISTENSEN, SCOTT, ALLEN | Individual | – | CHIEF INVESTMENT OFFICER | 11/2018 | < 5% |
| PRINCIPAL LIFE INSURANCE COMPANY | Domestic Entity | PRINCIPAL HOLDING COMPANY, LLC | OWNER | 07/1968 | > 75% |
| PRINCIPAL FINANCIAL SERVICES, INC. | Domestic Entity | PRINCIPAL LIFE INSURANCE COMPANY | OWNER | 10/2001 | > 75% |
| PRINCIPAL FINANCIAL GROUP, INC. | Domestic Entity | PRINCIPAL FINANCIAL SERVICES, INC. | OWNER | 04/2001 | > 75% |
| WINSTON, HEATHER, BLAKE | Individual | – | CHIEF PRODUCT OFFICER | 03/2020 | < 5% |
| WIENER, SARA, JO | Individual | – | DIRECTOR | 12/2020 | < 5% |
| NESS, BRIAN, STEVEN | Individual | – | DIRECTOR | 12/2020 | < 5% |
| WINTERHOF, JANIS, JEAN | Individual | – | DIRECTOR | 03/2021 | < 5% |
| MONTFORD, AMY, M | Individual | – | CHIEF EXECUTIVE OFFICER | 06/2021 | < 5% |
| DOWNING, RYAN, DOUGLAS | Individual | – | DIRECTOR | 07/2021 | < 5% |
| LONG, GREGORY, SCOTT | Individual | – | CHIEF MARKETING OFFICER | 09/2021 | < 5% |
| DEASY, JUSTIN, MILLER | Individual | – | ASSISTANT GENERAL COUNSEL | 09/2021 | < 5% |
| ROBINSON SAATHOFF, DANNA, M | Individual | – | CHIEF LEARNING OFFICER | 09/2021 | < 5% |
| WENIG, BARBARA | Individual | – | DIRECTOR | 10/2021 | < 5% |
| SARKAR, ANIKET | Individual | – | CHIEF INFORMATION OFFICER | 02/2022 | < 5% |
| Cusick, Kori, Diane | Individual | – | CHIEF SUPERVISION OFFICER | 03/2023 | < 5% |
| VANDERLEEK, ERIC | Individual | – | CHIEF SALES OFFICER | 08/2022 | < 5% |
| JENNINGS, MEGAN, ELIZABETH | Individual | – | CHIEF COMPLIANCE OFFICER | 03/2023 | < 5% |
| PRINCIPAL HOLDING COMPANY, LLC | Domestic Entity | – | OWNER | 01/2024 | > 75% |
| RIGLER, DAVID, ANDREW | Individual | – | CHIEF FINANCIAL OFFICER | 03/2024 | < 5% |