# ASA Managed Account Managers LLC

> ASA Managed Account Managers LLC is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

- CRD: 162855
- Filed as: ASA MANAGED ACCOUNT MANAGERS LLC
- Also doing business as: TF MANAGERS LLC (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/162855
- AdvisorCensus page: https://advisorcensus.com/firm/asa-managed-account-managers-llc-minneapolis-mn-162855

## Quick answers

**How is ASA Managed Account Managers LLC compensated?**
On its Form ADV (Item 5.E, October 2026), ASA Managed Account Managers LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is ASA Managed Account Managers LLC located?**
ASA Managed Account Managers LLC's principal office is in Minneapolis, MN, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is ASA Managed Account Managers LLC registered with the SEC or a state?**
ASA Managed Account Managers LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 162855.

**How much does ASA Managed Account Managers LLC manage?**
ASA Managed Account Managers LLC reports $1,115,661,000 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary).

**How have ASA Managed Account Managers LLC's assets and staff changed since 2021?**
In the Form ADV data for ASA Managed Account Managers LLC: Regulatory assets under management: $477,192,000 in the October 2021 data and $1,115,661,000 in the October 2026 data, up 134%. Total employees: 0 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does ASA Managed Account Managers LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (199); investment companies (17); charitable organizations (10).

**Which custodians does ASA Managed Account Managers LLC use?**
ASA Managed Account Managers LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Cadence Bank and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets.

**Does ASA Managed Account Managers LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/162855

**What changed in ASA Managed Account Managers LLC's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Cadence Bank
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,115,661,000
- Discretionary: $1,115,661,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 199 | $646,003,000 |
| Investment companies | 17 | $241,184,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $2,479,000 |
| Charitable organizations | 10 | $49,486,000 |
| Corporations or other businesses not listed above | Fewer than 5 | $176,509,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 1 total, 0 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, MN, NJ, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Scottsdale, AZ

### Websites listed on Form ADV (Item 1.I)
- asallc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $477,192,000 | 0 | February 15, 2021 |
| October 2022 | $613,102,000 | 0 | March 31, 2022 |
| October 2023 | $1,708,558,000 | 0 | March 31, 2023 |
| October 2024 | $1,879,335,000 | 0 | March 29, 2024 |
| October 2025 | $920,160,000 | 0 | April 22, 2025 |
| October 2026 | $1,115,661,000 | 1 | June 29, 2026 |

Regulatory assets under management: $477,192,000 in the October 2021 data and $1,115,661,000 in the October 2026 data, up 134%.
Total employees: 0 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $920,160,000 to $1,057,402,000 (+15%).
- Added an office in Scottsdale, AZ.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. ASA Managed Account Managers LLC (CRD 162855): Form ADV filing data as of October 2026.