Securian Asset Management, Inc.

SEC-registered Investment Adviser · Large ($10B–$100B) CRD 109905 · SEC file 801-47262 · St Paul, MN · WWW.LINKEDIN.COM

☆ Save with Pro ADV data as of Mar 31, 2026

Regulatory AUM: $41.6B
Discretionary: $41.0B
Clients: 45
Avg AUM / client: $924M
Accounts: 398
Employees: 70

AUM over time

$23.6B $54.5B

Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Mar 31, 2026

Asset allocation (SMA assets by investment type)

as of Mar 31, 2026

Investment-grade corporate bonds

$20.8B 50%

Other

$13.3B 32%

Exchange-traded equities

$3.7B 9%

Cash & equivalents

$1.2B 3%

US government & agency bonds

$831M 2%

Derivatives

$831M 2%

State & local bonds

$416M 1%

Non-investment-grade bonds

$416M 1%

Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.

Investments (13F portfolio — 925 positions, $2,526,276,815)

13F period Mar 31, 2026

#	Issuer	Class	Value	Shares	% of 13F	% of AUM
1	Vanguard Index Fds	S&P 500 ETF SHS	$143,693,446	240,471	5.69%	0.35%
2	Ishares Tr	CORE S&P500 ETF	$130,099,836	199,170	5.15%	0.31%
3	Nvidia Corporation	COM	$114,967,968	659,220	4.55%	0.28%
4	Apple Inc	COM	$101,078,466	398,276	4.0%	0.24%
5	Ishares Tr	CORE HIGH DV ETF	$96,877,207	713,802	3.83%	0.23%
6	Ishares Tr	MSCI USA MIN VOL	$77,649,996	837,287	3.07%	0.19%
7	Microsoft Corp	COM	$74,569,266	201,446	2.95%	0.18%
8	Ishares Tr	MSCI EAFE MIN VL	$64,212,004	702,769	2.54%	0.15%
9	Amazon Com Inc	COM	$55,193,841	265,011	2.18%	0.13%
10	Invesco Exch Traded Fd Tr Ii	S&P500 LOW VOL	$50,466,600	690,000	2.0%	0.12%
11	Schwab Strategic Tr	US DIVIDEND EQ	$48,505,080	1,581,000	1.92%	0.12%
12	Alphabet Inc	CAP STK CL A	$45,417,802	157,942	1.8%	0.11%
13	Broadcom Inc	COM	$39,810,105	128,623	1.58%	0.1%
14	Alphabet Inc	CAP STK CL C	$36,394,215	126,871	1.44%	0.09%
15	Meta Platforms Inc	CL A	$33,947,334	59,335	1.34%	0.08%
16	Tesla Inc	COM	$28,363,410	76,297	1.12%	0.07%
17	Berkshire Hathaway Inc Del	CL B NEW	$23,838,762	49,747	0.94%	0.06%
18	Ishares Tr	USD INV GRDE ETF	$22,526,702	439,717	0.89%	0.05%
19	Jpmorgan Chase & Co.	COM	$21,516,039	73,144	0.85%	0.05%
20	Spdr S&P 500 Etf Tr	TR UNIT	$21,461,220	33,000	0.85%	0.05%
21	Ishares Tr	INTL SEL DIV ETF	$21,280,000	500,000	0.84%	0.05%
22	Eli Lilly & Co	COM	$19,769,536	21,494	0.78%	0.05%
23	Ishares Tr	CORE MSCI INTL	$19,741,658	236,229	0.78%	0.05%
24	Exxon Mobil Corp	COM	$19,234,185	113,369	0.76%	0.05%
25	Johnson & Johnson	COM	$15,980,754	65,377	0.63%	0.04%

Top 25 of 925 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).

Who they serve

Client type	Clients	AUM	% of AUM
Investment companies	14	$4.8B	11.4%
Charitable organizations	0	$115M	0.28%
Insurance companies	31	$36.6B	88.0%
Corporations and other businesses	0	$124M	0.3%

Nonprofit clients

Charities that reported this firm as a top-paid contractor (investment services) on Form 990.

Charity	Location	Period
Catholic Financial Life Foundation Inc EIN 410182070	Arden Hills, MN	12/31/2024

People (6)

Name	Role / title	With firm since	Ownership
Wolf, Jennifer, Louise	Senior Vice President; Chief Legal Officer	Sep 2016 (10y)	Less than 5%
Ehren, Robert, John	Director	May 2017 (9y)	Less than 5%
Steinert, Michael, Thomas	Senior Vice President; Chief Operating Officer; Head Of Finance	Aug 2021 (5y)	Less than 5%
Huovinen, Suzette, Louise	President; Ceo; Director	Jan 2023 (4y)	Less than 5%
Nannen, Wen, Zhang	Executive Vice President; Chief Investment Officer; Director	Jul 2023 (3y)	Less than 5%
Parrucci, Jessica, Lynn	Vice President; Chief Compliance Officer	Aug 2024 (2y)	Less than 5%

Entity owners (Schedule A/B)

Entity	Title / status	Since	Sch.	Ownership
Securian Financial Group, Inc.	Sole Direct Owner	Jan 2002	A	75% or more
Securian Holding Company	Shareholder	Oct 1998	B	≈ 56.25% – 100% via Securian Financial Group, Inc.
Minnesota Mutual Companies, Inc.	Shareholder	Oct 1998	B	≈ 42.19% – 100% via Securian Holding Company

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

Securian Holding Company: 75% – 100% of Securian Financial Group, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Minnesota Mutual Companies, Inc.: 75% – 100% of Securian Holding Company × 75% – 100% of Securian Financial Group, Inc. × 75% – 100% direct ≈ 42.19% – 100% 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
Catholic Financial Life Foundation Inc	Public charity	$952M	12/31/2024

From IRS Form 990 investment-management-fee disclosures.

Documents (1 archived)

Form	Period	Size
Form ADV (full filing)	03/31/2026	1.21 MB	View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

Regulatory as of Aug 29, 2024

Allegations: THE INDIVIDUAL IS A MEMBER OF THE STATE OF MINNESOTA BAR. DUE TO AN INADVERTENT DELAY IN PAYMENT OF THE ANNUAL REGISTRATION FEE, THE INDIVIDUAL WAS PLACED ON AN ADMINISTRATIVE SUSPENSION UNTIL THE FEE WAS PAID. THE FEE WAS DUE ON OCTOBER 1, 2014 AND PAID ON OCTOBER 16, 2014. Status: Final Sanction Detail: SUSPENSION LENGTH WAS 15 DAYS Summary: ONCE REGISTRATION FEES WERE PAID, THE INDIVIDUAL WAS REINSTATED ON OCTOBER 16, 2014.

Disclosure text reproduced verbatim from the firm's own Form ADV filings.

How they charge

• Percentage of assets under management
• Fixed fees
• Other fees
• CERTAIN ACTUAL EXPENSES ARE REIMBURSED BY THE CLIENT

Services

• Portfolio management for investment companies
• Portfolio management for businesses/institutional clients
• Selection of other advisers

Custody

Reported custodians

BNY Mellon $35.1B (84% of AUM) Mar 2026
Wells Fargo $6.2B (15% of AUM) May 2018
State Street $4.3B (10% of AUM) Mar 2026

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 31, 2026.

View current Form ADV (SEC/IAPD) ↗