# Palisade Asset Management, LLC

> Palisade Asset Management, LLC is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 10, 2026.

- CRD: 136089
- Filed as: PALISADE ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: July 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/136089
- AdvisorCensus page: https://advisorcensus.com/firm/palisade-asset-management-llc-minneapolis-mn-136089

## Quick answers

**How is Palisade Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Palisade Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Palisade Asset Management, LLC located?**
Palisade Asset Management, LLC's principal office is in Minneapolis, MN, according to its Form ADV.

**Is Palisade Asset Management, LLC registered with the SEC or a state?**
Palisade Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 136089.

**How much does Palisade Asset Management, LLC manage?**
Palisade Asset Management, LLC reports $1,268,851,206 in regulatory assets under management in its Form ADV filing dated July 10, 2026 (96% discretionary).

**How have Palisade Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Palisade Asset Management, LLC: Regulatory assets under management: $1,014,063,725 in the October 2021 data and $1,268,851,206 in the October 2026 data, up 25%. Total employees: 11 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Palisade Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (104); charitable organizations (7); corporations or other businesses not listed above (7).

**Which custodians does Palisade Asset Management, LLC use?**
Palisade Asset Management, LLC'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 Palisade Asset Management, 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/136089

**What changed in Palisade Asset Management, LLC's recent Form ADV filings?**
In the August 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)

### Custodians (Schedule D, Section 5.K(3))
- 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: $1,268,851,206
- Discretionary: $1,215,912,543
- Non-discretionary: $52,938,663

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 104 | $1,190,700,471 |
| Banking or thrift institutions | Fewer than 5 | $4,436,579 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $1,695,346 |
| Charitable organizations | 7 | $49,735,770 |
| Corporations or other businesses not listed above | 7 | $22,283,040 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2005 (21 years)
- Employees: 10 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, DE, FL, IL, MN, NH, SD, TX, VA, WI, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- palisadeam.com
- LinkedIn @PALISADE-ASSET-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,014,063,725 | 11 | March 22, 2021 |
| October 2022 | $1,174,550,535 | 11 | September 16, 2022 |
| October 2023 | $1,057,047,031 | 10 | March 20, 2023 |
| October 2024 | $1,203,735,282 | 10 | March 20, 2024 |
| October 2025 | $1,268,840,631 | 10 | July 30, 2025 |
| October 2026 | $1,268,851,206 | 10 | July 10, 2026 |

Regulatory assets under management: $1,014,063,725 in the October 2021 data and $1,268,851,206 in the October 2026 data, up 25%.
Total employees: 11 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Registered or notice-filed in VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Palisade Asset Management, LLC (CRD 136089): Form ADV filing data as of October 2026.