Sit Fixed Income Advisors Ii, LLC is a large advisory firm based in Minneapolis. It manages $8.64 billion of regulatory assets for 150 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arkansas, California, Illinois, and 5 other states.
Sit Fixed Income Advisors Ii provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Sit Fixed Income Advisors Ii, LLC is $8.64 billion. The firm's AUM has grown by 2175% since the beginning of its operation, and $834.39 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Sit Fixed Income Advisors Ii, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ralph L. Strangis is insurance companies with 15 clients and $2.38 billion of assets under management. Among the 11 most similar advisory firms, Sit Fixed Income Advisors Ii has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $7.98 billion for 115 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.
Sit Fixed Income Advisors Ii also advises several private funds. Namely, fourteen hedge funds and four other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 71 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Ralph L. Strangis has been acting as President since 1 Dec 2014. Michael Brilley joined the executive team most recently as the Unit Holder.
The principal office where Sit Fixed Income Advisors Ii, LLC performs its advisory services is located at 3300 Ids Center, Minneapolis, MN 55402, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 612-332-3223 or by fax 612-344-1210. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at sitinvest.com.