U.S. Bancorp Investments, INC.
Assets Under Management
$19.3B
Number of Clients
52,436
Number of Advisors
992
Average Client AUM
$368K
AUM per Advisor
$19.5M
Compensation
Fee-Only (AUM)
About This Firm
U.S. Bancorp Investments, Inc. (USBI) offers managed account services through its Personal Portfolios Wrap Program. This program includes investment strategy development, portfolio construction (mutual funds, ETFs, individual equities, fixed income, etc.), brokerage, custodial services, and quarterly performance reporting. Envestnet Portfolio Solutions, Inc. acts as a sub-adviser and administrator for the Wrap Program.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $250K | 2.00% |
| $250K - $500K | 1.80% |
| $500K - $1.0M | 1.60% |
| $1.0M - $2.0M | 1.35% |
| $2M+ | 1.10% |
Program fee may be negotiable. U.S. Bancorp employees may pay a discounted program fee. Promotional offers that include a fee discount may be extended from time to time.
Fee Estimator
USBI charges an asset-based wrap fee for its managed account services, which may be negotiable. The fee covers various services, including investment management, administration, custody, and brokerage. The program fee is based on factors like account size, services provided, and investments utilized. Depending on the program, manager fees charged by Model Providers, Sub-Advisers, and/or Sub-Account Managers are also included in the program fee. A platform fee of 0.05% is applied to the first $250,000 of the account. There is no minimum portfolio fee.
Areas of Practice
Location
60 Livingston Avenue, Ep-Mn-N2Wc, Saint Paul, MN, 55107