AdvisorCensus / Financial advisors / Minnesota / Minneapolis / FBD Asset MGMT
FBD Asset MGMT is an SEC-registered investment advisory firm in Bloomington, MN, registered since 2020, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is FBD Asset MGMT compensated?
On its Form ADV (Item 5.E, October 2026), FBD Asset MGMT reports these compensation arrangements: a percentage of assets under its management.
What does FBD Asset MGMT's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 30, 2026 states: Up to $500,000: 1.5% a year; $500,000 to $1,000,000: 1.25% a year; $1,000,000.01 to $1,500,000: 1% a year; Above $1,500,000: 0.75% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is FBD Asset MGMT located?
FBD Asset MGMT's principal office is in Bloomington, MN, according to its Form ADV.
Is FBD Asset MGMT registered with the SEC or a state?
FBD Asset MGMT is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 307216.
How much does FBD Asset MGMT manage?
FBD Asset MGMT reports $76,763,198 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have FBD Asset MGMT's assets and staff changed since 2021?
In the Form ADV data for FBD Asset MGMT: Regulatory assets under management: $44,237,983 in the October 2021 data and $76,763,198 in the October 2026 data, up 74%. Total employees: 1 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 FBD Asset MGMT serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (114); high net worth individuals (18); charitable organizations (3).
Which custodians does FBD Asset MGMT use?
FBD Asset MGMT's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does FBD Asset MGMT 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/307216
Does FBD Asset MGMT state an account minimum?
Its Form ADV Part 2A brochure dated March 30, 2026 says: "For separate accounts, we generally require a minimum opening account size of at least $100,000. This is a guideline only and any minimum account size can be waived, increased , or decreased at any time for any reason at our sole discretion."
What changed in FBD Asset MGMT's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $48,531,960 to $76,763,198 (+58%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $500,000 | 1.5% |
| $500,000 to $1,000,000 | 1.25% |
| $1,000,000.01 to $1,500,000 | 1% |
| Above $1,500,000 | 0.75% |
The brochure's wording
Assets Under Management Annual Fee < $500,000.00 1.50% $500,000.00 to $1,000,000.00 1.25% $1,000,000.01 to $1,500,000.00 1.00% > $1,500,000.00 0.75%
Account minimum: $100,000 (the brochure says it may be waived or negotiated)
The brochure's wording
For separate accounts, we generally require a minimum opening account size of at least $100,000. This is a guideline only and any minimum account size can be waived, increased , or decreased at any time for any reason at our sole discretion.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$76,763,198 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Legal name
- FBD Asset MGMT, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2020 (6 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $76,763,198 | 1 | March 30, 2026 |
| October 2025 | $48,531,960 | 1 | March 28, 2025 |
| October 2024 | $41,167,063 | 1 | March 26, 2024 |
| October 2023 | $34,018,059 | 1 | March 31, 2023 |
| October 2022 | $38,822,149 | 1 | March 31, 2022 |
| October 2021 | $44,237,983 | 1 | March 31, 2021 |
Regulatory assets under management: $44,237,983 in the October 2021 data and $76,763,198 in the October 2026 data, up 74%.
Total employees: 1 in October 2021 and 1 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $48,531,960 to $76,763,198 (+58%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. FBD Asset MGMT (CRD 307216): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fbd-asset-mgmt-bloomington-mn-307216