Principal Capital Management LLC (Des Moines)

Name: Principal Capital Management LLC
Address: 801 Grand Ave, Des Moines, IA, 50392
Telephone: 1-800-533-1390

Principal Capital Management LLC is a large advisory firm based in Des Moines. It manages $216.56 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2001.

Principal Capital Management provides portfolio management for pooled investment vehicles and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Principal Capital Management: assets under management

The assets under management (AUM) of Principal Capital Management LLC is $216.56 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $216.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.28 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Principal Capital Management LLC for their services and products based on a percentage of assets under management. 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.

Careers at Principal Capital Management LLC

James Patrick Mccaughan joined the executive team most recently as the Executive Vp And Global Head Of Asset Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Craig Richard Barnes	Vice president - international products	1 Sep 1998	Other	2684373
Dennis Paul Francis	Chief executive officer	1 Sep 1998	Other	4343489
David James Drury	Board member	1 Sep 1998	Other	2068130
Richard W Hibbs	Executive vice president - marketing	1 Sep 1998	Other	874204
Principal Life Insurance Company	Sole member, 100% ownership	1 Sep 1998	75% - 100%	42-0127290
Gregory Charles Hauser	Executive vice president	1 Sep 1998	Other	4372550
Tim Howald	Cfo and compliance officer	1 Nov 1998	Other	3070136
David Fallow	Executive vice president	1 Jan 1999	Other	4354473
William Cornelius Scales	Chief technology officer	1 Feb 1999	Other	2860861
John Barry Griswell	Board chairman	1 Mar 1999	Other	872493
Richard William Waugh	Vice president - securities	1 Nov 1999	Other	4372103
Randall Craig Mundt	Vice president - securities	1 Sep 2000	Other	4372105
Rollin Clark Woltjen	Executive vice president	1 Sep 2000	Other	471679
Clinton Lee Woods	Counsel	1 Mar 2001	Other	4376587
Gloria Darlene Reeg	Global head of fixed income	1 Feb 2002	Other	4521678
James Patrick Mccaughan	Executive vp and global head of asset management	1 Apr 2002	Other	3074797

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Principal Financial Services	100% owner	1 Sep 1998	75% - 100%	42-1476367
Inc. Principal Financial Group	100% owner	1 Sep 1998	75% - 100%	42-1476366
Principal Mutual Holding Company	100% owner	1 Sep 1998	75% - 100%	42-1476365
Inc. Principal Financial Group	100% owner	1 Oct 2001	75% - 100%	42-1520346
Inc. Principal Financial Services	100% owner	1 Oct 2001	75% - 100%	42-1520348

Based in Des Moines

The principal office where Principal Capital Management LLC performs its advisory services is located at 801 Grand Ave, Des Moines, IA 50392, 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 1-800-533-1390 or by fax 515-235-9700. The normal business hours are 7:00a.m. - 5:00p.m. on Monday - Friday. You can find more information about the New York firm at www.principalcapital.com.