Principal Asset Management
Assets Under Management
$364.0B
Number of Clients
7,399
Number of Advisors
119
Average Client AUM
$49.2M
AUM per Advisor
$3.1B
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Principal AM provides investment advisory services to institutional investors and individuals on a discretionary or non-discretionary basis. Services include equities, fixed income, real estate, listed infrastructure, alternative investments, and asset allocation. They also serve as an investment adviser for Principal Funds, Inc., Principal Variable Contracts, Inc., Principal Exchange - Traded Funds and, for the Scholars Edge 529 plan, Principal AM serves as investment manager.
Fee Structure
Fees are based on a percentage of assets under management or a fixed fee. Fees and minimum investment amounts are subject to negotiation and may vary. Private Fund investments typically have annual investment management fees up to 1.5%, which may decline based on the amount of assets invested. Asset allocation strategies range from 0.02% to 0.10% depending on the total funds. Fixed fee asset allocation strategies range from $1,500 to $2,500 per allocation. SMA strategies generally range from 0.23% to 0.55%.
Areas of Practice
Location
801 Grand Ave, Des Moines, IA, 50392-0001