Usaa Federal Savings Bank is a large advisory firm based in San Antonio. It manages $605.17 million of regulatory assets for 650 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Texas.

Usaa Federal Savings Bank provides portfolio management for individuals and small businesses and market timing services. 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 Federal Savings Bank: assets under management

The assets under management (AUM) of Usaa Federal Savings Bank is $605.17 million. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $378.03 million in discretionary accounts and $227.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $584.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $75.71 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Usaa Federal Savings Bank for their services and products based on a percentage of assets under management and fixed fees. 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.

Careers at Usaa Federal Savings Bank

Robert George Davis has been acting as President since 1 Jan 1997. Alfred Anthony Valenzuela joined the executive team most recently as the Director.

Direct owners and executive officers

Based in San Antonio

The principal office where Usaa Federal Savings Bank performs its advisory services is located at 10750 Mcdermott Freeway, San Antonio, TX 78288, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 210-498-6001 or by fax 210-498-3207. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at usaa.com.

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