Advantus Capital Management Inc is a large advisory firm based in St Paul. It manages $41.52 billion of regulatory assets for 253 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Minnesota and Texas.
Advantus Capital Management provides portfolio management for investment companies, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Advantus Capital Management Inc is $41.52 billion. The firm's AUM has grown by 199% since the beginning of its operation, and $1.65 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Advantus Capital Management Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Warren John Zaccaro is insurance companies with 59 clients and $28.54 billion of assets under management. Among the 7 most similar advisory firms, Advantus Capital Management has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $41.52 billion for 106 clients. 2% of the firm’s clients are foreign persons or businesses.
Advantus Capital Management doesn't advise any private funds.
The company employs 100 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Warren John Zaccaro has been acting as President since 1 Jul 2005. Ann Pilon Mcgarry joined the executive team most recently as the Director.
The principal office where Advantus Capital Management Inc performs its advisory services is located at 400 Robert St North, St Paul, MN 55101 2098, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 651-665-3500 or by fax 651-665-3108. The normal business hours are 8:00 am to 4:45 pm on Monday - Friday. You can find more information about the New York firm at advantuscapital.com.