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U.S. Bancorp Asset Management, Inc.

● SEC registered since 2001CRD 111912SEC# 801-60125Minneapolis, MN
Export (members)
Ranks #33 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$427.48B
Fund GAV
$5.09B
Private funds
1
Employees
322
Accounts
2,340
Location
Minneapolis, MN

U.S. Bancorp Asset Management, Inc. assets under management

U.S. Bancorp Asset Management, Inc. is an SEC-registered investment adviser based in Minneapolis, MN. The firm has been registered since 2001. It reports $427.5 billion in regulatory assets under management and employs 322 people. U.S. Bancorp Asset Management, Inc. manages 1 private fund with combined gross assets of $5.1 billion, including Mount Vernon Liquid Assets Portfolio, LLC. By regulatory assets, it ranks 33 of 6,004 private fund managers.

U.S. Bancorp Asset Management, Inc. private funds

1 funds · $5.09B GAV
FundTypeGross assetsMin.
Mount Vernon Liquid Assets Portfolio, LLCLiquidity$5.09B

U.S. Bancorp Asset Management, Inc. owners & executives

8 reported
NameTitleOwnershipSince
Eric James Thole ControlDirector, Chief Executive Officer & PresidentUnder 5%2014
James David Palmer ControlDirector, Chief Investment OfficerUnder 5%2014
Jill Michele Stevenson ControlHead Of OperationsUnder 5%2014
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Frequently asked questions

How much does U.S. Bancorp Asset Management, Inc. manage?

U.S. Bancorp Asset Management, Inc. reports $427.5 billion in regulatory assets under management on its Form ADV.

How many private funds does U.S. Bancorp Asset Management, Inc. manage?

U.S. Bancorp Asset Management, Inc. manages 1 private funds with combined gross assets of $5.1 billion.

How many employees does U.S. Bancorp Asset Management, Inc. have?

U.S. Bancorp Asset Management, Inc. reports 322 employees.

Where is U.S. Bancorp Asset Management, Inc. located?

U.S. Bancorp Asset Management, Inc. is based in Minneapolis, MN and has been SEC-registered since 2001.

Does U.S. Bancorp Asset Management, Inc. disclose fund performance?

U.S. Bancorp Asset Management, Inc. is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.

Contact & registration

Address800 Nicollet Mall, Mail Stop Bc-Mn-17ul, Minneapolis, MN 55402
Phone717-232-2723
Fax612-303-4767
Office hours8:00 a.m. - 5:00 p.m. Central Time
SEC regionChicago Regional Office (CHRO)
CIK1142147
Discloses disciplinary historyYes

Regulatory AUM

$427.48B▲ 1061121%
Mar '25 — $40.3MApr '25 — $40.3MMay '25 — $40.3MJun '25 — $40.3MJul '25 — $40.3MAug '25 — $40.3MSep '25 — $40.3MOct '25 — $402.82BNov '25 — $402.82BDec '25 — $402.82BJan '26 — $402.82BFeb '26 — $402.82BMar '26 — $427.48BApr '26 — $427.48BMay '26 — $427.48BJun '26 — $427.48B
Mar '25Form ADV, monthlyJun '26

How this firm compares

Regulatory AUMTop 1%
Larger than 99% of 16,271 advisers
AUM vs fund managersTop 1%
Larger than 99% of 6,004 private-fund managers
Number of fundsTop 76%
More funds than 24% of fund managers
EmployeesTop 2%
More than 98% of 16,825 advisers

Assets under management

$427.48Bregulatory AUM
Discretionary $426.58BNon-discretionary $897.8M

Service providers