Nuveen Asset Management, LLC is a large advisory firm based in Chicago. It manages $176.29 billion of regulatory assets for 43,536 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Nuveen Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and model portfolio advice. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Nuveen Asset Management, LLC is $176.29 billion. The firm's AUM has grown by 76% since the beginning of its operation, and $6.15 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Nuveen Asset Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Thomas Stephen Schreier is investment companies with 137 clients and $121.91 billion of assets under management. Among the 8 most similar advisory firms, Nuveen Asset Management has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $176.29 billion for 43,536 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Nuveen Asset Management also advises several private funds. Namely, one liquidity fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 296 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. 39 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Thomas Stephen Schreier has been acting as President since 1 Dec 2010. Frank Michiel Van Etten joined the executive team most recently as the Head Of Nuveen Solutions.
The principal office where Nuveen Asset Management, LLC performs its advisory services is located at 333 West Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-917-7700 or by fax 312-917-6912. The normal business hours are 8:00 am - 5:00 pm cst on Monday - Friday. You can find more information about the New York firm at nuveen.com.