Nuveen Asset Management, LLC (Chicago)

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.

Nuveen Asset Management: assets under management

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 firm manages $176.21 billion in discretionary accounts and $85.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $324.57 thousand.

Nuveen Asset Management has custody of $117.19 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

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. 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.

What kind of clients Thomas Stephen Schreier serves?

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.

Careers at Nuveen Asset Management, LLC

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.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 27 indirect owners.

Based in Chicago

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.

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