PRINCIPAL ASSET MANAGEMENT
PRINCIPAL GLOBAL INVESTORS, LLC Legal Name
Adviser information for PRINCIPAL ASSET MANAGEMENT last updated from Form ADV on March 27th, 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 | 1955 |
|---|---|
| Investment Advisory/Research | 700 |
| Registered Broker-Dealer Representatives | 277 |
| Registered State Investment Advisers | 123 |
| Licensed Agents of an Insurance Company | 16 |
| No. of Firms/People that Solicit Clients | 1 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 6,816 | $369.0B |
| Non-Discretionary | 8 | $8.2B |
| Total | 6,824 | $377.2B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 5,476 | $1.7B |
| HNW Individuals | 324 | $876.7M |
| Banking or thrift institutions | 41 | $8.3B |
| Investment companies | 83 | $107.9B |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 47 | $72.7B |
| Pension and profit sharing plans | 553 | $47.3B |
| Charitable organizations | 22 | $1.1B |
| State or municipal gov entities | 67 | $6.3B |
| Other investment advisers | 0 | $0 |
| Insurance companies | 49 | $115.0B |
| Sovereign wealth funds and foreign official institutions | 13 | $11.3B |
| Corporations or other businesses | 149 | $4.7B |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 98 |
| No. of Non-U.S. Clients | 6 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)Educational seminars/workshopsSPREAD LENDING MANAGEMENT AND ADVICE; ASSET ALLOCATION SERVICES; PROVIDING MODEL PORTFOLIOS |
|---|---|
| Compensation | % of AUMFixed feesPerformance-based feesCHARGE ON A COST ALLOCATION BASIS TO PRINCIPAL LIFE |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 3.3B |
| Both for Same | 0 |
| Portfolio Manager to Program | Sponsor |
|---|---|
| FIDELITY FMAX | FIAM LLC |
| FREEDOM UMA, MODEL DELIVERY, PORTFOLIO SELECT UMA, OUTSIDE MANAGED PROGRAM (OMS) | RAYMOND JAMES & ASSOCIATES, INC. |
| LOCKWOOD PROGRAMS, MANAGED ACCOUNT COMMAND, MANAGED CONNECT | BNY MELLON ADVISORS, INC. |
| MANAGER SERVICES | PNC BANK & DELAWARE TRUST COMPANY |
| MERRILL ONE, SELECTS PORTFOLIO SOLUTIONS | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED |
| MODEL PROGRAM | ADHESION WEALTH ADVISOR SOLUTIONS |
| FIRST REPUBLIC MODEL PROGRAM | J.P. MORGAN PRIVATE WEALTH ADVISORS LLC |
| SELECT SEPARATE ACCOUNT PROGRAM | AMERIPRISE FINANCIAL SERVICES, LLC |
| CONSULTING AND EVALUATION SERVICES (CES), SELECT (UMA) | MORGAN STANLEY |
| INVESTMENT COUNSELING SERVICE PROGRAM, STRATIS | J.P. MORGAN SECURITIES LLC |
| THIRD PARTY MODELS PROGRAM, SMA SINGLE CONTRACT PROGRAM | ENVESTNET PMC |
| DYNAMIC ALLOCATION PORTFOLIOS, MANAGER SELECTION PROGRAM | CITIGROUP GLOBAL MARKETS INC. |
| CHARLES SCHWAB MARKETPLACE, ACCESS AND SELECT | CHARLES SCHWAB & CO., INC. |
| BAIRD PRIVATE ASSET MANAGEMENT RECOMMENDED MANAGERS SERVICE | ROBERT W. BAIRD & CO. INCORPORATED |
| DISCRETIONARY SMA PLATFORM | J.P. MORGAN INVESTMENT MANAGEMENT INC. |
| FIDELITY SEPARATE ACCOUNT NETWORK (SAN) | FIDELITY BROKERAGE SERVICES LLC |
| ACCESS, STRATEGIC WEALTH PORTFOLIO (SWP), MANAGED ACCOUNT CONSULTING (MAC) | UBS FINANCIAL SERVICES INC. |
| CONNECT, ACCOUNT PROGRAM | STIFEL, NICOLAUS & COMPANY, INCORPORATED |
| ADVISORY SOLUTIONS | EDWARD JONES |
| AWM SLEEVE STRATEGY PROGRAM | AXXCESS WEALTH MANAGEMENT, LLC |
| CAMBRIDGE WEALTHPORT, ASSET ALLOCATION | CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. |
| CAPITAL INVESTMENT PROGRAM, MODEL PROGRAM | BRINKER CAPITAL INC |
| ASSETMARK PLATFORM | ASSETMARK, INC. |
| NEW MODEL PLATFORM | FULTON BANK |
| MANAGED PORTFOLIO ADVISORS MODEL | NATIXIS ADVISORS, LLC |
| ENVESTNET/PLACEMARK MODEL PROGRAM, MANAGED ACCOUNT PROGRAM (MAP), MODEL PROGRAMS | RBC CAPITAL MARKETS, LLC |
| MODEL PROGRAM | SMARTX ADVISORY SOLUTIONS |
| NETWORK, MODEL DELIVERY, STRATEGIC | WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC |
| MODEL PROGRAM | TOWNSQUARE CAPITAL, LLC |
| MODEL PROGRAM, JANNEY ADVISERS MSP-UMA | VESTMARK ADVISORY SOLUTIONS, INC. |
| MANAGED ACCOUNT PROGRAM | ASSEMBLY WEALTH |
| PEGASUS MODEL ONLY | PEGASUS PARTNERS |
| UNIFIED OVERLAY MANAGEMENT PROGRAM | FDX ADVISORS, INC. |
| ADVISORS PROGRAM | JANNEY MONTGOMERY SCOTT LLC |
| MANAGER SELECT, SELECT ACCESS | LPL FINANCIAL LLC |
| MODEL PROGRAM | SMARTLEAF ASSET MANAGEMENT LLC |
| AIM PROGRAM | ADVYZON INVESTMENT MANAGEMENT, LLC |
| MODEL PLATFORM | SYSTM WEALTH SOLUTIONS |
Identifiers
| SEC RIA File Number | 801-55959 |
|---|---|
| SEC ERA File Number | 801-55959 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 109002 |
| Legal Entity Identifier | 549300BABIOZPCNHMB89 |
Principal Office
801 GRAND AVEDES MOINES
IA
United States
Monday - Friday, 8:00A.M. - 5:00P.M.
Tel: 800-787-1621, Fax: 866-850-4024
Chief Compliance Officer
JUSTIN THOMAS LANGE
CHIEF COMPLIANCE OFFICER
801 GRAND AVENUE
DES MOINES
IA
United States
Tel:
1-800-533-1390
Fax:
1-866-850-4024
L***********@************M
(Full email address available in API data)
Regulatory Contact
MARKHAM PENROD
ASSISTANT VICE PRESIDENT
801 GRAND AVENUE
DES MOINES
IA
United States
Tel:
1-800-533-1390
Fax:
1-866-850-4024
P*************@************M
(Full email address available in API data)
Industry Affiliates
| BRASILPREV SEGUROS E PREVIDENCIA S.A. | Insurance company or agency |
| CLARITAS ADMINISTRA��O DE RECURSOS LTDA. | Sponsor, GP, manager of pooled investment vehicles |
| CLARITAS INVESTMENTS LTD. | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| DELAWARE CHARTER GUARANTEE & TRUST COMPANY | Trust company |
| DIVERSIFIED DENTAL SERVICES, INC. A NEVADA CLOSE CORPORATION | Insurance company or agency |
| EMPLOYERS DENTAL SERVICES, INC. | Insurance company or agency |
| EQUITY FC, LTD. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerSponsor or syndicator of limited partnerships |
| FINISTERRE EMD TOTAL RETURN FUND GP, LLC | Sponsor, GP, manager of pooled investment vehicles |
| FIRST DENTAL HEALTH | Insurance company or agency |
| PETULA ASSOCIATES, LLC | Sponsor or syndicator of limited partnerships |
| POST ADVISORY GROUP, LLC | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL ADMINISTRADORA GENERAL DE FONDOS S.A | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL ADVISED SERVICES | Other investment adviser, including financial planners |
| PRINCIPAL AFORE, S.A. DE C.V., PRINCIPAL GRUPO FINANCIERO | Insurance company or agency |
| PRINCIPAL AHORRO E INVERSIONES S.A. | Other investment adviser, including financial planners |
| PRINCIPAL ALTERNATIVE CREDIT FUND GP, LLC | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL ASSET MANAGEMENT (ASIA) | Other investment adviser, including financial planners |
| PRINCIPAL ASSET MANAGEMENT (S) PTE. LTD. | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL ASSET MANAGEMENT BERHAD | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL ASSET MANAGEMENT COMPANY LIMITED (THAILAND) | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL BANK | Banking or thrift institution |
| PRINCIPAL COMPANIA DE SEGUROS DE VIDA CHILE S.A. | Insurance company or agency |
| PRINCIPAL DENTAL SERVICES, INC. | Insurance company or agency |
| PRINCIPAL FINANCIAL GROUP, INC. | Insurance company or agency |
| PRINCIPAL FINANCIAL SERVICES, INC. | Insurance company or agency |
| PRINCIPAL FONDOS DE INVERSI�N, S.A. DE C.V., OPERADORA DE FONDOS DE INVERSI�N, PRINCIPAL GRUPO FINANCIERO | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL FUNDS DISTRIBUTOR, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| PRINCIPAL GLOBAL INVESTORS (AUSTRALIA) LTD. | Other investment adviser, including financial planners |
| PRINCIPAL GLOBAL INVESTORS (EUROPE) LTD | Other investment adviser, including financial planners |
| PRINCIPAL GLOBAL INVESTORS (HONG KONG) LTD | Other investment adviser, including financial planners |
| PRINCIPAL GLOBAL INVESTORS (IRELAND) LTD | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL GLOBAL INVESTORS (JAPAN) LTD. | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL GLOBAL INVESTORS (SINGAPORE) LTD. | Other investment adviser, including financial planners |
| PRINCIPAL GLOBAL INVESTORS (SWITZERLAND) GMBH | Other investment adviser, including financial planners |
| PRINCIPAL GLOBAL INVESTORS TRUST COMPANY | Trust company |
| PRINCIPAL INSURANCE COMPANY (HONG KONG) LIMITED | Insurance company or agency |
| PRINCIPAL INTERNATIONAL, LLC | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL INVESTMENT & RETIREMENT SERVICES LIMITED | Sponsor or syndicator of limited partnerships |
| PRINCIPAL ISLAMIC ASSET MANAGEMENT SDN. BHD. | Sponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL LIFE INSURANCE COMPANY | Insurance company or agency |
| PRINCIPAL NATIONAL LIFE INSURANCE COMPANY | Insurance company or agency |
| PRINCIPAL NOMINEE COMPANY (HONG KONG) LIMITED | Trust company |
| PRINCIPAL ORIGIN | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL REAL ESTATE | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL REAL ESTATE B.V. | Sponsor or syndicator of limited partnerships |
| PRINCIPAL REAL ESTATE EUROPE LIMITED | Sponsor or syndicator of limited partnerships |
| PRINCIPAL REAL ESTATE FUND INVESTORS, LLC | Sponsor or syndicator of limited partnerships |
| PRINCIPAL REAL ESTATE GMBH | Sponsor or syndicator of limited partnerships |
| PRINCIPAL REAL ESTATE LIMITED | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL REAL ESTATE S.A.R.L | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL REAL ESTATE S.L.U. | Sponsor or syndicator of limited partnerships |
| PRINCIPAL REAL ESTATE SAS | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL REAL ESTATE SPEZIALFONDSGESELLSCHAFT MBH | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| PRINCIPAL REINSURANCE COMPANY OF DELAWARE | Insurance company or agency |
| PRINCIPAL REINSURANCE COMPANY OF DELAWARE II | Insurance company or agency |
| PRINCIPAL REINSURANCE COMPANY OF VERMONT | Insurance company or agency |
| PRINCIPAL REINSURANCE COMPANY OF VERMONT II | Insurance company or agency |
| PRINCIPAL SECURITIES, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial planners |
| PRINCIPAL SEGUROS, S.A. DE C.V., PRINCIPAL GRUPO FINANCIERO | Insurance company or agency |
| PRINCIPAL SERVICIOS CORPORATIVOS CHILE LTDA. | Sponsor or syndicator of limited partnerships |
| PRINCIPAL SHAREHOLDER SERVICES, INC. | Trust company |
| PRINCIPAL TRUST COMPANY (ASIA) LIMITED | Trust company |
| PRINCIPAL TRUST COMPANY (HONG KONG) LIMITED | Trust company |
| PT PRINCIPAL ASSET MANAGEMENT | Sponsor, GP, manager of pooled investment vehicles |
| SAMI BROKERAGE LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| SPECTRUM ASSET MANAGEMENT, INC. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| THE PRINCIPAL FINANCIAL GROUP FOUNDATION, INC. | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| FINISTERRE EMD TOTAL RETURN FUND, LP | Hedge Fund | $373.6M | $20.0M | 2 |
| PRINCIPAL ALTERNATIVE CREDIT FUND (OFFSHORE), LP | Hedge Fund | $9.7M | $5.0M | 1 |
| PRINCIPAL ALTERNATIVE CREDIT UNLEVERED FUND, LP | Hedge Fund | $38.5M | $5.0M | 1 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| PRINCIPAL FINANCIAL GROUP, INC. | Domestic Entity | PRINCIPAL FINANCIAL SERVICES, INC. | 100% OWNER | 10/2001 | > 75% |
| PRINCIPAL FINANCIAL SERVICES, INC. | Domestic Entity | PRINCIPAL GLOBAL INVESTORS HOLDING COMPANY (US), LLC | 100% OWNER | 05/2017 | > 75% |
| HITTNER, JILL, MARIE | Individual | – | EXECUTIVE DIRECTOR/CHIEF FINANCIAL OFFICER PGI | 03/2007 | < 5% |
| HOUSTON, DANIEL, JOSEPH | Individual | – | DIRECTOR | 12/2015 | < 5% |
| PRINCIPAL GLOBAL INVESTORS HOLDING COMPANY (US), LLC | Domestic Entity | – | 100% OWNER | 05/2017 | > 75% |
| SHUMWAY, ELLEN, WILSON | Individual | – | GLOBAL HEAD OF PRODUCT | 03/2024 | < 5% |
| BHATIA, KAMAL | Individual | – | CHIEF EXECUTIVE OFFICER & PRESIDENT | 03/2024 | < 5% |
| MCCULLUM, KENNETH, ALLEN | Individual | – | SVP & CHIEF RISK OFFICER | 12/2020 | < 5% |
| JABLONSKI, TODD, ANTHONY | Individual | – | CIO-PGAA | 06/2020 | < 5% |
| NESS, BRIAN, STEVEN | Individual | – | EXECUTIVE DIRECTOR & CIO PGAM & PI | 06/2020 | < 5% |
| STRABLE-SOETHOUT, DEANNA, DAWNETTE | Individual | – | DIRECTOR | 06/2020 | < 5% |
| Lange, Justin, Thomas | Individual | – | CHIEF COMPLIANCE OFFICER | 09/2022 | < 5% |
| EVERETT, TODD, EUGENE | Individual | – | GLOBAL HEAD OF PRIVATE MARKETS | 03/2023 | < 5% |
| MARIS, GEORGE, PETER | Individual | – | CIO & GLOBAL HEAD OF EQUITIES | 11/2023 | < 5% |
| GOOSAY, MICHAEL, JASON | Individual | – | CIO & GLOBAL HEAD OF FIXED INCOME | 11/2023 | < 5% |
| DJURASOVIC, GEORGE | Individual | – | GENERAL COUNSEL | 11/2023 | < 5% |
| WENIG, BARBARA | Individual | – | GLOBAL HEAD OF OPERATIONS | 03/2024 | < 5% |
| HILL, TIMOTHY, ALLEN | Individual | – | SENIOR EXECUTIVE MANAGING DIRECTOR | 03/2024 | < 5% |