Asset Allocation & Management Company, Llc
- Regulatory AUM
- $27.5B
- Discretionary
- $26.7B
- Clients
- 123
- Avg AUM / client
- $223M
- Accounts
- 846
- Employees
- 49
AUM over time
Annual snapshots from Form ADV filings · as of Mar 24, 2026
Asset allocation (SMA assets by investment type)
as of Mar 24, 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 |
|---|---|---|---|
| High net worth individuals | 2 | $201M | 0.73% |
| Insurance companies | 120 | $27.1B | 98.6% |
| Corporations and other businesses | 1 | $171M | 0.62% |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| College Insurance Company EIN 020630294 | Colchester, VT | 12/31/2024 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Schaefer, John, Larkin | Chief Executive Officer, Managing Member | Apr 2002 (24y) | ≈ 3.75% – 10% via Schaefco, Inc. | |
| Bravo, Marco, Anthony | Managing Member | Jan 2010 (17y) | ≈ 3.75% – 10% via Bravo, Inc. | |
| Goodman, Eric, Byck | Director | Dec 2014 (12y) | Less than 5% | |
| Borgmann, Joseph, Allen | Chief Financial Officer | Mar 2017 (9y) | Less than 5% | |
| Klassa, Chelsea, Lynn | Chief Compliance Officer | Dec 2019 (7y) | Less than 5% | |
| Zaccaro, Warren, John | Director | Mar 2020 (6y) | Less than 5% | |
| Huovinen, Suzette, Louise | Director | May 2023 (3y) | Less than 5% | |
| Senechalle, Timothy, J. | Chief Investment Officer | May 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Securian Aam Holdings, Llc | Sole Direct Owner | Dec 2014 | A | 50% – 75% |
| Schaefco, Inc. | Member | Dec 2007 | A | 5% – 10% |
| Bravo, Inc. | Member | Jan 2010 | A | 5% – 10% |
| Minnesota Life Insurance Company | Shareholder | Dec 2014 | B | ≈ 37.5% – 75% via Securian Aam Holdings, Llc |
| Securian Financial Group, Inc. | Shareholder | Oct 1998 | B | ≈ 28.13% – 75% via Minnesota Life Insurance Company |
| Securian Holding Company | Shareholder | Oct 1998 | B | ≈ 21.09% – 75% via Securian Financial Group, Inc. |
| Minnesota Mutual Companies, Inc. | Shareholder | Oct 1998 | B | ≈ 15.82% – 75% via Securian Holding Company |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Schaefer, John, Larkin: 75% – 100% of Schaefco, Inc. × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Bravo, Marco, Anthony: 75% – 100% of Bravo, Inc. × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Minnesota Life Insurance Company: 75% – 100% of Securian Aam Holdings, Llc × 50% – 75% direct ≈ 37.5% – 75% of the firm
- Securian Financial Group, Inc.: 75% – 100% of Minnesota Life Insurance Company × 75% – 100% of Securian Aam Holdings, Llc × 50% – 75% direct ≈ 28.13% – 75% of the firm
- Securian Holding Company: 75% – 100% of Securian Financial Group, Inc. × 75% – 100% of Minnesota Life Insurance Company × 75% – 100% of Securian Aam Holdings, Llc × 50% – 75% direct ≈ 21.09% – 75% of the firm
- Minnesota Mutual Companies, Inc.: 75% – 100% of Securian Holding Company × 75% – 100% of Securian Financial Group, Inc. × 75% – 100% of Minnesota Life Insurance Company × 75% – 100% of Securian Aam Holdings, Llc × 50% – 75% direct ≈ 15.82% – 75% of the firm
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.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| College Insurance Company | Public charity | $88.1M | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 1.16 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
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Us Bancorp $9.4B (34% of AUM) Mar 2026
- Wells Fargo $5.1B (18% of AUM) Mar 2022
- BNY Mellon $4.3B (16% of AUM) Mar 2026
- Fifth Third Bank $2.8B (12% of AUM) Mar 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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: Mar 24, 2026.
View current Form ADV (SEC/IAPD) ↗