Usaa Investment Management Company (San Antonio)

Usaa Investment Management Company is a large advisory firm based in San Antonio. It manages $23.15 billion of regulatory assets for 147,769 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Usaa Investment Management Company provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Usaa Investment Management Company: assets under management

The assets under management (AUM) of Usaa Investment Management Company is $23.15 billion. The firm's AUM has gone down by -44% since the beginning of its operation, and $16.87 million of the total AUM is attributable to clients outside of the United States.

The firm manages $21.41 billion in discretionary accounts and $1.74 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $144.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.74 billion.

Usaa Investment Management Company has custody of $8.17 billion in cash and securities for 44,888 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 84% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Usaa Investment Management Company for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carl Clinton Iii Liebert serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Carl Clinton Iii Liebert is individuals with 143,071 clients and $18.33 billion of assets under management. Among the 9 most similar advisory firms, Usaa Investment Management Company has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $23.15 billion for 147,769 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Usaa Investment Management Company doesn't advise any private funds.

Careers at Usaa Investment Management Company

The company employs 1,706 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 1,189 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Carl Clinton Iii Liebert has been acting as President since 1 Jun 2013. Brian Herscovici has served as the Chief Investment Officer since 1 Jun 2018. Christine Joyce Warren joined the executive team most recently as the Chief Legal Officer And Secretary.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in San Antonio

The principal office where Usaa Investment Management Company performs its advisory services is located at 9800 Fredericksburg Road, San Antonio, TX 78288 0227, which is also the mailing address of the firm. An additional office of the firm is in Tampa, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-531-USAA or by fax 800-292-8177. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at usaa.com.

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