U.S. Bank
$478B reported client assets across 177 advisory firms in FY2025 annual amendments
Reported client assets over time
$73.3B
$436B
2017
2025
Same-firm comparison: 147 firms that reported U.S. Bank in both FY2024 and FY2025 annual amendments (ADV Item 5.K.(3)). Fiscal years come directly from the SEC filing-type table; filing dates are not used as a year-end proxy. 2017, 2018, 2019, 2020, 2021, 2022 are shown but partial — only FY2017: 47 cohort firms, FY2018: 59 cohort firms, FY2019: 74 cohort firms, FY2020: 81 cohort firms, FY2021: 95 cohort firms, FY2022: 111 cohort firms.
| Advisory firm | RAUM at custodian | Firm total AUM | Share | As of |
|---|---|---|---|---|
| Kkr Credit Advisors (Us) Llc | $92.5B | $271B | 34.1% | 03/31/2026 |
| U.S. Bancorp Asset Management, Inc. | $81.1B | $427B | 19.0% | 03/27/2026 |
| Svb Asset Management | $32.1B | $32.3B | 99.3% | 03/30/2026 |
| Brown Advisory Llc | $28.9B | $124B | 23.2% | 03/31/2026 |
| Chandler Asset Management Inc | $20.8B | $45.3B | 46.0% | 03/16/2026 |
| Nepc, Llc | $17.4B | $153B | 11.4% | 03/27/2026 |
| New England Asset Management, Inc. | $17.3B | $112B | 15.5% | 03/31/2026 |
| Fiducient Advisors Llc | $17.2B | $97.5B | 17.6% | 03/30/2026 |
| Kohlberg Kravis Roberts & Co. L.P. | $14.7B | $382B | 3.9% | 03/31/2026 |
| Hsbc Global Asset Management (Usa) Inc. | $10.4B | $157B | 6.7% | 03/30/2026 |
| Meketa Fiduciary Management, Llc | $10.0B | $20.1B | 49.4% | 03/26/2026 |
| Government Portfolio Advisors Llc | $9.2B | $35.1B | 26.2% | 03/04/2026 |
| Rbc Global Asset Management (U.S.) Inc. | $8.6B | $104B | 8.2% | 01/29/2026 |
| Blue Owl Insurance Advisors Llc | $7.6B | $25.8B | 29.5% | 03/31/2026 |
| 1823 Partners (Us) Llc | $7.3B | $18.5B | 39.3% | 03/31/2026 |
| Prime Buchholz Llc | $7.2B | $14.1B | 51.0% | 03/27/2026 |
| Aquarian Holdings Investment Management Llc | $5.8B | $26.7B | 21.5% | 03/30/2026 |
| Public Trust Advisors, Llc | $5.2B | $104B | 5.0% | 03/31/2026 |
| Hirtle & Co., Llc | $5.0B | $25.4B | 19.5% | 03/31/2026 |
| Ellington Global Asset Management, Llc | $4.9B | $9.2B | 53.7% | 03/30/2026 |
| Ce Investment Management, Llc | $4.0B | $5.9B | 68.0% | 03/30/2026 |
| Johnson Investment Counsel, Inc. | $4.0B | $23.0B | 17.2% | 03/24/2026 |
| Veta Investment Partners, Llc | $2.7B | $2.8B | 97.3% | 03/30/2026 |
| Antares Capital Advisers Llc | $2.7B | $47.4B | 5.7% | 03/31/2026 |
| Churchill Asset Management Llc | $2.4B | $55.7B | 4.3% | 03/31/2026 |
| Ramirez Asset Management, Inc. | $2.4B | $12.3B | 19.3% | 12/18/2025 |
| Prudent Man Advisors, Llc | $2.2B | $30.6B | 7.1% | 03/31/2026 |
| Merganser Capital Management, Llc | $2.1B | $17.7B | 11.9% | 03/30/2026 |
| Bain Capital Insurance Solutions, Lp | $2.0B | $5.4B | 36.8% | 03/31/2026 |
| National Investment Services Of America, Llc | $1.6B | $16.3B | 9.9% | 03/12/2026 |
| Wertz York Capital Management Group, Llc | $1.6B | $18.2B | 8.7% | 03/27/2026 |
| Angel Oak Capital Advisors, Llc | $1.6B | $11.5B | 13.6% | 03/31/2026 |
| Mcmorgan & Company Llc | $1.5B | $7.6B | 19.6% | 03/30/2026 |
| Trb Wealth Management, Llc | $1.5B | $3.7B | 39.2% | 03/30/2026 |
| Clarivest Asset Management Llc | $1.4B | $3.0B | 44.3% | 12/17/2025 |
| Crescent Capital Group Lp | $1.3B | $49.7B | 2.5% | 03/30/2026 |
| Angelo, Gordon & Co., L.P. | $1.2B | $116B | 1.0% | 03/27/2026 |
| Bain Capital Credit, Lp | $1.1B | $76.3B | 1.5% | 03/31/2026 |
| Hildene Capital Management, Llc | $1.1B | $20.2B | 5.6% | 03/31/2026 |
| Blue Owl Real Estate Capital Llc | $1.0B | $67.9B | 1.5% | 03/31/2026 |
| Aristotle Pacific Capital, Llc | $1.0B | $26.8B | 3.8% | 03/31/2026 |
| Cacti Asset Management, Llc | $1.0B | $1.8B | 55.1% | 01/12/2026 |
| Becker Capital Management Inc | $990M | $5.7B | 17.3% | 03/31/2026 |
| Disciplina Capital Management, Llc | $964M | $3.1B | 31.5% | 03/18/2026 |
| Blackrock Capital Management, Inc. | $927M | $173B | 0.5% | 03/31/2026 |
| Scharf Investments, Llc | $911M | $4.2B | 21.6% | 03/19/2026 |
| Davidson Kempner Capital Management Lp | $897M | $46.6B | 1.9% | 03/31/2026 |
| Wedge Capital Management Llp | $885M | $7.8B | 11.4% | 03/25/2026 |
| Sprott Asset Management Usa Inc. | $862M | $10.1B | 8.5% | 03/24/2026 |
| Cerberus Capital Management, L.P. | $834M | $92.5B | 0.9% | 03/30/2026 |
| Calamos Advisors Llc | $771M | $43.9B | 1.8% | 03/26/2026 |
| Amundi Us Investment Advisors Llc | $770M | $1.1B | 68.0% | 03/31/2026 |
| Invesco Senior Secured Management, Inc. | $739M | $29.4B | 2.5% | 03/25/2026 |
| Washington Capital Management Inc | $728M | $7.4B | 9.8% | 03/12/2026 |
| Eagle Point Credit Management Llc | $702M | $13.2B | 5.3% | 03/30/2026 |
| Reliant Investment Management, Llc | $633M | $1.5B | 43.0% | 03/27/2026 |
| Stacey Braun Associates Inc | $622M | $5.5B | 11.3% | 03/19/2026 |
| Asb Capital Management Llc | $616M | $36.7B | 1.7% | 03/31/2026 |
| Team Hewins, Llc | $569M | $4.0B | 14.4% | 02/24/2026 |
| Oppenheimer Investment Management Llc | $565M | $929M | 60.8% | 03/04/2026 |
| Guggenheim Corporate Funding, Llc | $545M | $11.3B | 4.8% | 03/31/2026 |
| Advanced Asset Management Advisors, Inc. | $534M | $651M | 82.0% | 03/25/2026 |
| Fiduciary Management, Inc. | $499M | $11.4B | 4.4% | 03/24/2026 |
| Zazove Associates Llc | $499M | $2.0B | 25.4% | 03/31/2026 |
| 1505 Capital Llc | $486M | $486M | 100.0% | 03/27/2026 |
| Copeland Capital Management, Llc | $473M | $4.1B | 11.6% | 02/26/2026 |
| Capital Resource Management Inc | $458M | $593M | 77.2% | 03/24/2026 |
| R.V. Kuhns & Associates, Inc. | $452M | $828M | 54.6% | 03/18/2026 |
| Ullico Investment Advisors, Inc. | $451M | $13.9B | 3.2% | 03/31/2026 |
| Parkway Advisors, L.P. | $450M | $4.1B | 10.9% | 03/13/2026 |
| First Washington Corporation | $441M | $501M | 88.1% | 12/18/2025 |
| Oakmont Capital Management, Llc | $432M | $3.1B | 14.0% | 03/30/2026 |
| Weaver C. Barksdale & Associates, Inc. | $412M | $3.4B | 12.0% | 03/30/2026 |
| Sixth Street Advisers, Llc | $411M | $102B | 0.4% | 03/31/2026 |
| Boston Common Asset Management, Llc | $402M | $4.2B | 9.6% | 03/31/2026 |
| Hilton Capital Management, Llc | $398M | $3.2B | 12.6% | 03/30/2026 |
| Lcg Associates, Inc. | $393M | $2.6B | 15.1% | 03/26/2026 |
| Eldridge Credit Advisers, Llc | $381M | $8.5B | 4.5% | 03/31/2026 |
| Sellwood Investment Partners Llc | $371M | $2.3B | 16.2% | 03/02/2026 |
| Ardent Capital Management, Inc. | $327M | $327M | 100.0% | 03/09/2026 |
| Summit House Capital Management, Llc | $327M | $519M | 63.0% | 03/20/2026 |
| Dwight Securities Management Llc | $325M | $4.6B | 7.1% | 03/31/2026 |
| Lumbard & Kellner, Llc | $320M | $444M | 72.2% | 03/16/2026 |
| Vectors Research Management Llc | $317M | $1.0B | 31.4% | 03/18/2026 |
| Treville Capital Management Llc | $287M | $1.9B | 15.2% | 03/31/2026 |
| Shelter Growth Capital Partners Llc | $272M | $4.7B | 5.8% | 03/31/2026 |
| Lawson Kroeker Investment Management Inc | $253M | $429M | 59.1% | 03/04/2026 |
| Nottingham Advisors Inc. | $248M | $1.4B | 17.4% | 03/24/2026 |
| Chelsea Counsel Company | $240M | $497M | 48.2% | 06/26/2025 |
| Violich Capital Management | $232M | $1.0B | 22.4% | 03/26/2026 |
| Performa Limited (Us), Llc | $232M | $4.5B | 5.2% | 03/19/2026 |
| Pier Capital, Llc | $226M | $648M | 34.8% | 03/30/2026 |
| Charles Fish Investments, Inc. | $219M | $331M | 66.2% | 03/12/2026 |
| Semper Augustus Investments Group Llc | $215M | $982M | 21.9% | 03/27/2026 |
| Westwood Advisors, L.L.C | $214M | $750M | 28.5% | 03/31/2026 |
| Chase Investment Counsel Corporation | $213M | $510M | 41.9% | 03/25/2026 |
| The Ithaka Group, Llc | $209M | $572M | 36.6% | 03/31/2026 |
| Scholtz & Company, L.L.C. | $206M | $341M | 60.4% | 03/13/2026 |
| Lawrence W. Kelly & Associates, Inc. | $187M | $540M | 34.5% | 03/26/2026 |
| Innealta Capital, Llc | $185M | $222M | 83.0% | 02/13/2026 |
From Form ADV Schedule D 5.K.(3): custodians named at the 10%-of-SMA-assets threshold, with reported dollar amounts. "Share" is reported amount as a share of the firm's total regulatory AUM.