Sit Investment Fixed Income Advisors, Inc. (Minneapolis)

Name: Sit Investment Fixed Income Advisors, Inc.
Address: 3300 Ids Center, Minneapolis, MN, 55402
Telephone: 612-332-3223

Sit Investment Fixed Income Advisors, Inc. is a large advisory firm based in Minneapolis. It manages $815.41 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Minnesota.

Sit Investment Fixed Income Advisors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sit Investment Fixed Income Advisors: assets under management

The assets under management (AUM) of Sit Investment Fixed Income Advisors, Inc. is $815.41 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $815.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $81.54 million each.

Investments

The firm invests in government bonds the most. They account for 42% of the total AUM. The second-largest asset type is state and local bonds, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 20% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sit Investment Fixed Income Advisors, Inc. for their services and products based on a percentage of assets under management. 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.

Careers at Sit Investment Fixed Income Advisors, Inc.

The company employs 71 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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 don’t receive compensation from other entities for client referrals.

Ralph L. Strangis has been acting as President since 1 Dec 2014. Michael Brilley joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Brilley	President, chief fixed income officer, & director	1 Apr 1984	Other	1697359
Inc. Sit Investment Associates	Shareholder	1 Apr 1984	75% - 100%	41-1404829
Eugene C Sit	Chairman, ceo	1 Apr 1984	Other	2421878
Peter Mitchelson	Vice chairman	1 Apr 1984	Other	1542826
Debra Ann Sit	Senior vice president	1 Sep 1987	Other	4347428
Paul Edward Rasmussen	Vice president, secretary, chief compliance officer	1 Jun 1994	Other	2421880
William Eldridge Frenzel	Director	1 Jun 2001	Other	4347648
Roger J Sit	Director	1 Jul 2003	Other	2174779
Gail V. Sit	Shareholder	1 Jun 2008	Other	5559037
Roger J Sit	Chairman and ceo	1 Jul 2008	Other	2174779
Ralph L. Strangis	Director	1 Dec 2014	Other	5017858
Michael Brilley	Shareholder	1 Dec 2018	Other	1697359

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eugene C Sit	Chairman, ceo	1 Aug 1981	50% - 75%	2421878
Gail V. Sit Family Trust	Shareholder	1 Jun 2008	25% - 50%	41-6563440

Based in Minneapolis

The principal office where Sit Investment Fixed Income Advisors, Inc. performs its advisory services is located at 3300 Ids Center, Minneapolis, MN 55402, 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 612-332-3223 or by fax 612-344-1210. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sitinvest.com.