JNBA Financial Advisors

**JNBA Financial Advisors** manages $1.1B across a diversified portfolio of 796 positions. The firm exhibits a significant allocation to broad market exposure, notably holding IVV at $249.6M and SPDW at $100.3M. Key sector and factor tilts are evident through substantial positions in growth and specific indices, including VUG ($45.9M) and SPYG ($25.7M). This structure suggests a systematic approach focused on capturing core market beta while selectively overweighting high-conviction growth and factor exposures.

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