Neuberger Berman Investment Advisers LLC (New York)

Name: Neuberger Berman Investment Advisers LLC
Address: 1290 Avenue Of The Americas, New York, NY, 10104
Telephone: 212-476-9000

Neuberger Berman Investment Advisers LLC is a large advisory firm based in New York. It manages $241.68 billion of regulatory assets for 37,101 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Neuberger Berman Investment Advisers 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, selection of other advisers, educational seminars and workshops, and consulting and licensing of proprietary analytic investment models. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Neuberger Berman Investment Advisers: assets under management

The assets under management (AUM) of Neuberger Berman Investment Advisers LLC is $241.68 billion. The firm's AUM has grown by 131% since the beginning of its operation, and $79.03 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $237.92 billion in discretionary accounts and $3.76 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.88 billion.

Neuberger Berman Investment Advisers has custody of $10.19 billion in cash and securities for 56 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is government bonds, which make up 18% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Neuberger Berman Investment Advisers 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.

What kind of clients Neuberger Berman Investment Advisers serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Neuberger Berman Investment Advisers is pooled investment vehicles with 195 clients and $84.72 billion of assets under management. Among the 10 most similar advisory firms, Neuberger Berman Investment Advisers has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $241.05 billion for 36,967 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Neuberger Berman Investment Advisers also advises several private funds. Namely, thirty two hedge funds, six other private funds, one private equity fund, and twenty five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.

Careers at Neuberger Berman Investment Advisers LLC

The company employs 1,171 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 521 employees are registered as investment adviser representatives with the state securities authorities.

There are 22 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bradley Curtis Tank	Director, president - fixed income, chief investment officer - fixed income and managing director	1 Jan 2004	Other	1060650
Joseph Vincent Amato	Director, president - equities, chief investment officer - equities and managing director	1 May 2006	Other	2210305
Andrew Aurelius Johnson	Director, managing director	1 Apr 2009	Other	4347413
Neuberger Berman Fixed Income Holdings Llc	Member	1 May 2009	75% - 100%	32-0276332
Neuberger Berman Investment Advisers Holdings Llc	Member	1 May 2009	75% - 100%	32-0276332
Lawrence Jay Kohn	Chief operating officer - equities and managing director	1 Feb 2013	Other	1843630
Robert John Conti	President - mutual funds and managing director	1 Jan 2016	Other	1266599
James J Dempsey	Chief financial officer, treasurer and senior vice president	1 Jan 2016	Other	1371700
Brad Elliot Cetron	Chief compliance officer - head of compliance and managing director	1 Jan 2016	Other	4040222
Robert Eason	Chief operating officer - fixed income and managing director	1 Jan 2016	Other	6597536
Stephen Gregory Wright	Director, managing director	1 Jan 2019	Other	4535690
Leo Anthony Viola	Treasurer	1 Sep 2019	Other	2612736

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Neuberger Berman Group Llc	Member	1 Feb 2009	75% - 100%	61-1591182
Llc Nbsh Acquisition	Member	1 May 2009	75% - 100%	26-4383171

Based in New York

The principal office where Neuberger Berman Investment Advisers LLC performs its advisory services is located at 1290 Avenue Of The Americas, New York, NY 10104, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-476-9000 or by fax 212-476-9862. The normal business hours are 8:30a.m. - 5:00p.m. on Monday - Friday. You can find more information about the New York firm at orchardsquare.com.