Robert L. Brainard

U.S. BANCORP ADVISORS

Owatonna, MN 55060

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CRD#: 2988057

Professional summary

Robert Lee Brainard, who also goes by Rob Brainard, is a registered financial advisor currently at U.S. BANCORP ADVISORS, LLC located in Owatonna, Minnesota.

Robert is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1998. Robert has worked at 10 firms and has passed the Series 65, Series 63, SIE and Series 7 exams.

Aliases

Rob Brainard

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

1) Brainard & Associates LLC; Not Investment Related; Owatonna, MN; LLC continuation to accommodate buyout payments from sale of business; Owner; Member; 12/2016; 1 HR/MO; 0 HRS/TRADING; Provide accounting information to CPA. 2) Brainard & Associates LLC d/b/a Revenue Insights; Not Investment-Related; Owatonna, MN; Medical Billing Company; Owner; Managing Member; 12/15/2025; 4 HR/MO; 0 HRS/TRADING; Advising when needed and monthly document preparation for submission to CPA for accounting. Wife will be operating a medical billing business under this LLC.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Robert Lee Brainard's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

CRS (Client Relationship Summary) - BD

Click below to view Robert Lee Brainard's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

February 13, 2026 - Present

U.S. BANCORP ADVISORS, LLC

Office #1: 132 W Broadway, Owatonna, MN 55060Office #2: 103 N Park St, Fairmont, MN 56031Office #3: 312 Raintree Rd, Mankato, MN 56001Office #4: 301 N Main St, Austin, MN 55912Office #5: 115 E Hickory St, Mankato, MN 56001Office #6: 331 S Broadway, Albert Lea, MN 56007

RIA

CRD#: 14455

Owatonna, MN

Current

February 13, 2026 - Present

U.S. BANCORP ADVISORS, LLC

RIA

CRD#: 14455

Owatonna, MN

Past

December 20, 2023 - February 13, 2026

U.S. BANCORP INVESTMENTS, INC.

RIA

CRD#: 17868

Mankato, MN

Past

December 20, 2023 - February 13, 2026

U.S. BANCORP INVESTMENTS, INC.

CRD#: 17868

Mankato, MN

Past

January 26, 2017 - May 31, 2023

ALLSTATE FINANCIAL SERVICES, LLC

CRD#: 18272

Glendale, AZ

Past

April 7, 2008 - July 26, 2016

PRINCIPAL FUNDS DISTRIBUTOR, INC.

CRD#: 43261

FOLSOM, CA

Past

October 27, 2006 - April 4, 2008

GUARDIAN INVESTOR SERVICES LLC

CRD#: 6635

NEW YORK, NY

Past

February 28, 2006 - October 30, 2006

AUGUSTAR DISTRIBUTORS, INC.

CRD#: 41081

CINCINNATI, OH

Past

May 24, 2004 - February 14, 2006

GUARDIAN INVESTOR SERVICES LLC

CRD#: 6635

NEW YORK, NY

Past

November 14, 2003 - January 16, 2004

LPL FINANCIAL LLC

CRD#: 6413

FORT MILL, SC

Past

August 27, 2001 - August 26, 2002

LINCOLN FINANCIAL DISTRIBUTORS, INC.

CRD#: 145

RADNOR, PA

Past

June 30, 1999 - May 17, 2001

VOYA INVESTMENTS DISTRIBUTOR, LLC

CRD#: 37886

WINDSOR, CT

Past

January 30, 1998 - June 23, 1999

PRUDENTIAL EQUITY GROUP, LLC

CRD#: 7471

NEW YORK, NY

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

U.S. BANCORP ADVISORS, LLC

CRD#: 14455 / SEC#: 801-70084, 8-30706

RIA

Registered Investment Advisory firm - SEC (8/14/2009 Approved)

California

Registered Investment Advisory firm - SEC (8/28/2009 Terminated)

Washington

Registered Investment Advisory firm - SEC (8/24/2009 Terminated)

Broker-Dealer Firm Regulated by FINRA (Kansas City district office)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

Arizona
(2/13/2026)

California
(2/13/2026)

Colorado
(2/13/2026)

Florida
(2/15/2026)

Iowa
(2/13/2026)

Minnesota
(2/13/2026)

IAR

Minnesota
(2/13/2026)

New York
(2/13/2026)

South Dakota
(2/13/2026)

Texas
(2/13/2026)

IAR

Texas
(2/13/2026)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

What does exam status mean?

State Security Law Exam

IAR

Series 65

Status Unavailable

Passed: 11/13/2023

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Status Unavailable

Passed: 2/4/1998

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Status Unavailable

Passed: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Status Unavailable

Passed: 1/28/1998

General Securities Representative Examination

SRO Registrations

FINRA

Current Firm

U.S. BANCORP ADVISORS, LLC

CRD#: 14455 / SEC#: 801-70084, 8-30706

RIA

Registered Investment Advisory firm - SEC (8/14/2009 Approved)

California

Registered Investment Advisory firm - SEC (8/28/2009 Terminated)

Washington

Registered Investment Advisory firm - SEC (8/24/2009 Terminated)

Broker-Dealer Firm Regulated by FINRA (Kansas City district office)

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Contact information

Main Address

60 Livingston Ave Ep-mn-n2wc, Saint Paul, MN 55107

Mailing Address

60 Livingston Ave Ep-mn-n2wc, St. Paul, MN 55107

Phone number

(800) 634-1100

Established

Delaware since 06/28/2004

Firm type

Limited Liability Company

Fiscal year end

December

Firm Size

Large

# of Employees

379

SEC notice filing (52 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

USBA WRAP BROCHURE - PART 2A APPENDIX 1 (7/31/2026)

PART 2A OF FORM ADV - FINANCIAL PLANNING SERVICES (3/31/2026)

Direct owners and executive officers

Name	Position	CRD#
U.S. BANCORP	SOLE MEMBER
ARIAS, CARLOS ALONSO	MANAGER	3174333
BEJASA, EILEEN	MANAGER	7002808
CLARK, SHANNON KEITH	CHIEF FINANCIAL OFFICER AND MANAGER	5829700
FERGUSON, KIMBERLY NICOLE	PRESIDENT, CHIEF EXECUTIVE OFFICER AND MANAGER	4120145
FLOUM, JOEL IRA	MANAGER	2405754
MCCARTHY, MATTHEW RYAN	CHIEF LEGAL OFFICER	6818984
MENACHER, EILEEN RENEE	MANAGER	4929896
SALSTROM, KYLE NORMAN	CHIEF COMPLIANCE OFFICER AND MANAGER	5025315
STEINER, STEPHEN WARD	CHIEF OPERATIONS OFFICER AND MANAGER	2259345
TRIPLETT, SHANE T	MANAGER	1865319

Regulatory assets under management

Total Number of Accounts	3,992
AUM (Assets Under Management)	$ 1,796,069,079

Disclosures

Regulatory Event	4
Arbitration	1

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
09/19/2025	Cover Page	Report
08/20/2024	Cover Page	Report
11/28/2023	Cover Page	Report
11/21/2023	Cover Page	Report

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Robert L. Brainard

Professional summary

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Robert Lee Brainard's CRS (Customer Relationship Summary).

CRS (Client Relationship Summary) - BD

Click below to view Robert Lee Brainard's CRS (Customer Relationship Summary).

Certified licenses

Experience

U.S. BANCORP ADVISORS, LLC

U.S. BANCORP INVESTMENTS, INC.

U.S. BANCORP INVESTMENTS, INC.

ALLSTATE FINANCIAL SERVICES, LLC

PRINCIPAL FUNDS DISTRIBUTOR, INC.

GUARDIAN INVESTOR SERVICES LLC

AUGUSTAR DISTRIBUTORS, INC.

GUARDIAN INVESTOR SERVICES LLC

LPL FINANCIAL LLC

LINCOLN FINANCIAL DISTRIBUTORS, INC.

VOYA INVESTMENTS DISTRIBUTOR, LLC

PRUDENTIAL EQUITY GROUP, LLC

Primary Firm SEC Registration

U.S. BANCORP ADVISORS, LLC

State Registrations and Notice Filings

Exams

Series 65

Passed: 11/13/2023

Series 63

Passed: 2/4/1998

SIE

Passed: 10/1/2018

Series 7

Passed: 1/28/1998

FINRA

Current Firm

U.S. BANCORP ADVISORS, LLC

Contact information

SEC notice filing (52 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Accountant surprise examination report

Red Flags

Company Information

U.S. BANCORP ADVISORS, LLC

TRUST BUT VERIFY

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