Sit Fixed Income Advisors Ii, Llc
- Regulatory AUM
- $15.0B
- Discretionary
- $14.8B
- Clients
- 115
- Avg AUM / client
- $130M
- Accounts
- 158
- Employees
- 73
AUM over time
Annual snapshots from Form ADV filings · as of Jun 22, 2026
Asset allocation (SMA assets by investment type)
as of Jun 22, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | Fewer than 5 | $0 | — |
| High net worth individuals | 15 | $248M | 1.66% |
| Banking or thrift institutions | Fewer than 5 | $0 | — |
| Investment companies | 1 | $588M | 3.93% |
| Pooled investment vehicles (non-investment companies) | 24 | $1.4B | 9.36% |
| Pension and profit sharing plans | 8 | $1.6B | 10.7% |
| Charitable organizations | 31 | $4.2B | 28.3% |
| State or municipal government entities | 6 | $1.9B | 12.5% |
| Other investment advisers | Fewer than 5 | $0 | — |
| Insurance companies | 23 | $4.8B | 32.1% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | — |
| Corporations and other businesses | 7 | $223M | 1.49% |
Private funds (20)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.4B combined gross assets
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rasmussen, Paul, Edward | Vice President, Secretary, Chief Compliance Officer | Dec 1997 (29y) | Less than 5% | |
| Book, Mark, H | Vice President And Portfolio Manager | Jun 2002 (24y) | 5% – 10% | |
| Sit, Roger, J | Chairman And Ceo | Jul 2008 (18y) | Less than 5% | |
| Doty, Bryce, Alan | Senior Vice President, Senior Portfolio Manager | Jun 2013 (13y) | 5% – 10% | |
| Jungquist, Paul, Jerome | Vice President, Senior Portfolio Manager | Dec 2015 (11y) | 5% – 10% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Sit Investment Associates, Inc | Unit Holder | Dec 1997 | A | 50% – 75% |
| Gail V. Sit Family Trust | Shareholder | Jun 2008 | B | 25% – 50% of Sit Investment Associates, Inc. (indirect) |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (20, $1.4B gross assets)
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/22/2026 | 4 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Northern Trust $6.3B (42% of AUM) Jun 2026
- BNY Mellon $3.0B (20% of AUM) Jun 2026
- Us Bancorp $1.9B (12% of AUM) Jun 2026
- State Street $753M (9% of AUM) Nov 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 22, 2026.
View current Form ADV (SEC/IAPD) ↗