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.
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 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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. 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, 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.
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.
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.