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FBD Asset Mgmt
Founded in 2020 and headquartered in Bloomington, Minnesota, FBD Asset Mgmt registered with the SEC as an investment adviser serving a broad client base that...
FBD Asset Mgmt
Founded in 2020 and headquartered in Bloomington, Minnesota, FBD Asset Mgmt registered with the SEC as an investment adviser serving a broad client base that spans individual retail accounts, high-net-worth households, corporations, and charitable entities. The firm operates in the competitive Minneapolis-St. Paul wealth-management corridor, where several large regional banks, trust companies, and independent RIAs vie for high-net-worth mandates from the industrial and healthcare fortunes concentrated in the area. The firm's advisory services cover investment management and financial planning, a dual offering that typically pairs discretionary portfolio construction with goals-based planning for families and institutions. While the firm's specific asset-class exposures are not publicly detailed, independent Midwestern RIAs of this profile commonly allocate across equities, fixed income, and alternative vehicles — often through structured notes, private real estate funds, or interval funds — to address the tax-sensitivity and income needs of the regional client base. The firm's stated client types include corporations and charitable organizations, suggesting a modest institutional book alongside the private-wealth practice. FBD Asset Mgmt lists its headquarters in Bloomington, a first-ring suburb south of Minneapolis that houses a concentration of corporate headquarters, regional banks, and professional-services firms that serve the broader Twin Cities economy. The firm's team size and total assets under management are not publicly disclosed; many SEC-registered advisers below the $100 million regulatory threshold file as Exempt Reporting Advisers and do not publish Form ADV Part 2 brochures online. In the absence of public filings, the firm's scale remains opaque to outside allocators. FBD's structural posture — an independent RIA launched in 2020 with a multi-client mandate — places it among the thousands of mid-market advisory practices that have formed in the wake of wirehouse breakaway teams, rather than alongside the concentrated family-office platforms or institutional allocators that dominate LP searches. For institutional allocators, the absence of a publicly filed ADV and an undisclosed AUM make third-party evaluation difficult without a direct relationship or intermediary introduction through the Minneapolis advisor network.
General information
Firm type
Bank / Wealth / Trust
Year founded
2020
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Bloomington
Corporate office
Bloomington, MN, United States
Frequently asked questions
Who runs investment decisions at FBD Asset Mgmt?
FBD Asset Mgmt does not publicly disclose its investment committee structure or portfolio management team. As a Minnesota-based registered investment adviser, day-to-day investment decisions are likely made by the firm's principals or a small internal investment committee, which is standard for independent RIAs of this size. Without a published Form ADV Part 2 brochure or team page, the specific decision-makers cannot be independently verified.
Is FBD Asset Mgmt structured as a family office or does it serve external clients?
FBD Asset Mgmt is a multi-client registered investment adviser, not a single-family office. The firm advises individuals, high-net-worth households, corporations, and charitable organizations, making it an external wealth manager rather than a vehicle for a single family's capital. This structure means allocators evaluating FBD as a potential co-investment partner would be dealing with a fiduciary managing multiple third-party accounts rather than a principal deploying proprietary family capital.
What investment strategies does FBD Asset Mgmt employ?
FBD Asset Mgmt's specific strategy mix is not publicly described. The firm lists investment management and financial planning as its core service lines. For a Bloomington-based RIA launched in 2020, investment management likely includes portfolio construction across traditional liquid asset classes, with financial planning encompassing retirement, tax, and estate considerations for the local client base. Any alternatives exposure — private equity, real estate, or credit — would typically be accessed through intermediary platforms or fund structures rather than direct co-investment.
What is FBD Asset Mgmt's known posture on co-investments alongside external GPs?
There is no public evidence that FBD Asset Mgmt participates in direct co-investments alongside external general partners. The firm's profile as a Midwestern RIA serving individuals and families suggests its alternatives exposure, if any, is likely through pooled fund vehicles rather than direct co-underwriting alongside institutional GPs. Allocators seeking co-investment partners in the Twin Cities market would need direct dialogue to confirm whether FBD has the mandate, check size, and operational infrastructure to co-invest.
How can an institutional allocator evaluate FBD Asset Mgmt without public filings?
FBD Asset Mgmt does not appear to make its Form ADV Part 2 or regulatory filings publicly accessible, which is common for smaller RIAs that file as Exempt Reporting Advisers. Institutional allocators seeking to diligence the firm would need a direct introduction — likely through the Minneapolis-St. Paul advisor network — to request a capabilities deck, AUM disclosure, and investment team biographies. Without those materials, third-party evaluation is limited to the firm's SEC registration status and its self-described client types.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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