# Santander Asset Management SA Sgiic

> Santander Asset Management SA Sgiic is an SEC-registered investment advisory firm in Madrid, Spain, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 143883
- Filed as: SANTANDER ASSET MANAGEMENT SA SGIIC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Madrid, Spain
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/143883
- AdvisorCensus page: https://advisorcensus.com/firm/santander-asset-management-sa-sgiic-madrid-143883

## Quick answers

**How is Santander Asset Management SA Sgiic compensated?**
On its Form ADV (Item 5.E, October 2026), Santander Asset Management SA Sgiic reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Santander Asset Management SA Sgiic located?**
Santander Asset Management SA Sgiic's principal office is in Madrid, Spain, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Santander Asset Management SA Sgiic registered with the SEC or a state?**
Santander Asset Management SA Sgiic is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 143883.

**How much does Santander Asset Management SA Sgiic manage?**
Santander Asset Management SA Sgiic reports $159,860,026,382 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (85% discretionary).

**How have Santander Asset Management SA Sgiic's assets and staff changed since 2021?**
In the Form ADV data for Santander Asset Management SA Sgiic: Regulatory assets under management: $95,343,098,329 in the October 2021 data and $159,860,026,382 in the October 2026 data, up 68%. Total employees: 196 in October 2021 and 231 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Santander Asset Management SA Sgiic serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (274); pension and profit sharing plans (but not the plan participants or government pension plans) (6); insurance companies (5).

**Does Santander Asset Management SA Sgiic report any disciplinary disclosures?**
Reports 8 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters, 5 questions about regulatory matters, and 2 questions about civil court matters (11.A(2), 11.D(1), 11.D(2), 11.D(4), 11.E(2), 11.G, 11.H(1)(b), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143883

**What changed in Santander Asset Management SA Sgiic's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 83 to 118. Regulatory assets under management went from $110,211,846,369 to $159,860,026,382 (+45%). 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
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $159,860,026,382
- Discretionary: $135,408,694,440
- Non-discretionary: $24,451,331,942

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 4 | $35,206,244,152 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 274 | $97,567,123,915 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $1,638,211,609 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 5 | $19,866,429,185 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 4 | $5,582,017,521 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- 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: 2007 (19 years)
- Employees: 231 total, 118 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 8 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/143883

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Frankfurt Am Main

### Websites listed on Form ADV (Item 1.I)
- santanderassetmanagement.es

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $95,343,098,329 | 196 | March 25, 2021 |
| October 2022 | $98,900,492,833 | 212 | March 29, 2022 |
| October 2023 | $86,912,608,613 | 240 | March 29, 2023 |
| October 2024 | $105,211,121,338 | 201 | March 22, 2024 |
| October 2025 | $110,211,846,369 | 210 | March 26, 2025 |
| October 2026 | $159,860,026,382 | 231 | March 27, 2026 |

Regulatory assets under management: $95,343,098,329 in the October 2021 data and $159,860,026,382 in the October 2026 data, up 68%.
Total employees: 196 in October 2021 and 231 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 83 to 118.
- Regulatory assets under management went from $110,211,846,369 to $159,860,026,382 (+45%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Santander Asset Management SA Sgiic (CRD 143883): Form ADV filing data as of October 2026.