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Updated September 18, 2026. Quick answer: U.S. Bancorp Investments discloses a tiered schedule starting at 2.00% in its Personal Portfolios Wrap Program, Form ADV Part 2A – Appendix 1 (Brochure), U.S. Bancorp Advisors, LLC (July 31, 2026). Converted to dollars, that runs $9,500 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Personal Portfolios Wrap Program, Form ADV Part 2A – Appendix 1 (Brochure), U.S. Bancorp Advisors, LLC (July 31, 2026): “The following fee schedule applies to all Wrap Program accounts. Account Size Maximum Portfolio Fee: First $250,000 2.00%; Next $250,000 1.80%; Next $500,000 1.60%; Next $1,000,000+ 1.35%; Next $3,000,000 1.10%; Over $5,000,000+ 1.10%. USBA does not apply a minimum Portfolio Fee to Wrap Program accounts… The tiered fee structure will result in a blended rate for your account.”
- First $250,000: 2.00%
- Next $250,000: 1.80%
- Next $500,000: 1.60%
- Next $1,000,000: 1.35%
- Next $3,000,000: 1.10%
- Over $5,000,000: 1.10%
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $5,000 | 2.00% |
| $500,000 | $9,500 | 1.90% |
| $1,000,000 | $17,500 | 1.75% |
| $2,000,000 | $31,000 | 1.55% |
Tiered/marginal (document explicitly calls it ‘the tiered fee structure’ producing ‘a blended rate’), computed like an income-tax bracket from $0: at $250,000 = 250000×0.02=5000; at $500,000 = 5000 + 250000×0.018=4500 -> 9500; at $1,000,000 = 9500 + 500000×0.016=8000 -> 17500; at $2,000,000 = 17500 + 1000000×0.0135=13500 -> 31000 (the $1M-$2M bracket is the ‘Next $1,000,000’ tier at 1.35%). This is the Maximum Portfolio Fee schedule (the full Wrap Program Fee when no separate outside Investment Manager is used). Note: CRD 17868 (‘U.S. Bancorp Investments, Inc.’) given in the research hint is now IA-INACTIVE per SEC IAPD; the currently active advisory entity publishing this schedule is ‘U.S. Bancorp Advisors, LLC’, CRD 14455, SEC# 801-70084, verified via api.adviserinfo.sec.gov/search/firm.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, U.S. Bancorp Investments’s own published rate runs $9,500 a year.
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- Personal Portfolios Wrap Program, Form ADV Part 2A – Appendix 1 (Brochure), U.S. Bancorp Advisors, LLC (July 31, 2026): https://www.usbank.com/dam/en/documents/pdfs/wealth-management/Personal-Portfolios-wrap-program-form-adv-part-2A-brochure.pdf
- SEC Investment Adviser Public Disclosure, U.S. Bancorp Advisors, LLC (CRD #14455): https://adviserinfo.sec.gov/firm/summary/14455
- U.S. Bancorp Advisors, LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/14455/PDF/14455.pdf
Methodology. This page was built September 18, 2026, drawing on U.S. Bancorp Investments’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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