# Securian Asset Management, Inc.

> Securian Asset Management, Inc. is an SEC-registered investment advisory firm in St Paul, MN, registered since 1994, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 109905
- Filed as: SECURIAN ASSET MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St Paul, MN
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109905
- AdvisorCensus page: https://advisorcensus.com/firm/securian-asset-management-inc-st-paul-mn-109905

## Quick answers

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

**Where is Securian Asset Management, Inc. located?**
Securian Asset Management, Inc.'s principal office is in St Paul, MN, according to its Form ADV.

**Is Securian Asset Management, Inc. registered with the SEC or a state?**
Securian Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 109905.

**How much does Securian Asset Management, Inc. manage?**
Securian Asset Management, Inc. reports $41,558,122,082 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (99% discretionary).

**How have Securian Asset Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Securian Asset Management, Inc.: Regulatory assets under management: $51,416,322,117 in the October 2021 data and $41,558,122,082 in the October 2026 data, down 19%. Total employees: 103 in October 2021 and 70 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Securian Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: insurance companies (31); investment companies (14).

**Which custodians does Securian Asset Management, Inc. use?**
Securian Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Securian Asset Management, Inc. 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/109905

**What changed in Securian Asset Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 35 to 34. 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)
- Other

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- State Street Bank and Trust Company

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: $41,558,122,082
- Discretionary: $40,975,884,051
- Non-discretionary: $582,238,031

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 14 | $4,751,860,013 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | Fewer than 5 | $114,876,134 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 31 | $36,567,214,238 |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | $124,171,697 |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1994 (32 years)
- Employees: 70 total, 34 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [securian.com](https://securian.com)
- [securian.com/about-us/corporate-structure/securian-asset-management.html](https://securian.com/about-us/corporate-structure/securian-asset-management.html)
- [securianfunds.com](https://securianfunds.com)
- LinkedIn @SECURIAN-ASSET-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $51,416,322,117 | 103 | September 1, 2021 |
| October 2022 | $54,512,624,792 | 102 | March 31, 2022 |
| October 2023 | $43,356,548,771 | 87 | September 6, 2023 |
| October 2024 | $42,989,647,472 | 87 | August 29, 2024 |
| October 2025 | $43,813,613,953 | 86 | July 21, 2025 |
| October 2026 | $41,558,122,082 | 70 | March 31, 2026 |

Regulatory assets under management: $51,416,322,117 in the October 2021 data and $41,558,122,082 in the October 2026 data, down 19%.
Total employees: 103 in October 2021 and 70 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 35 to 34.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Securian Asset Management, Inc. (CRD 109905): Form ADV filing data as of October 2026.