FBD Asset Mgmt

Overview

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. 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many SEC-registered advisers below the $100 million regulatory threshold file as Exempt Reporting Advisers and do not publish Form ADV Part 2 brochures online.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.