Welcome to U.S. Bancorp Asset Management

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Providing Institutional Investment Management Solutions for Fixed Income and Multi-Asset Investors

U.S. Bancorp Asset Management’s core strength and focus is managing fixed income and multi-asset strategies for institutional clients. A registered investment adviser, we have been providing investment solutions since 1982.1

With more than $350 billion in assets under management as of June 30, 2024*, we are a resource for corporations, healthcare organizations, Taft Hartley, endowments, foundations, and nonprofits. We serve public entities through PFM Asset Management, a division of U.S. Bancorp Asset Management. Our client list includes a number of Fortune 500 companies and several well-known private and nonprofit entities.

Our experienced professionals propose solutions based on a thorough understanding of your organization’s needs. Each solution integrates:

  • Investment expertise – Our portfolio managers have an average of 29 years of industry experience and have been through varied market cycles, giving them the perspective necessary to understand the complex and challenging fixed income market. Learn more about our Portfolio Managers.
  • In-house credit research – Our analysts employ a process to identify and evaluate high-quality, investment-grade issuers with stable current and expected credit characteristics. They produce and maintain our Approved Issuers List. Learn more about our Credit Research Team.
  • Robust compliance and risk management – Compliance, portfolio management, operations and risk management all report independently to the CEO in an overlapping system of checks and balances. Learn more about the Leadership Team that guides U.S. Bancorp Asset Management.
  • Client service – Fostering client relationships is a core value for our firm and our goal is to be a trusted advisor to you. Learn more about our Client Service Team.

We look forward to discussing your investment management needs. Click here to find the representative in your geographic area.

In addition to providing fixed income and multi-asset investment strategies, U.S. Bancorp Asset Management administers the securities lending program of U.S. Bank National Association. Learn more about Securities Lending.

1 The firm began offering shares of money market funds to the public on April 9, 1982 through predecessor organizations.

*Assets under management as of 6/30/2024 represent the combined assets of PFM Asset Management LLC and U.S. Bancorp Asset Management, Inc. (USBAM) formerly separately registered investment advisers. As of 10/1/2024, the entities consolidated into one legal entity and one registered investment adviser with the SEC, with USBAM as the continuing legal entity and registered investment adviser.