Nb Alternative Investment Management LLC (New York)

Name: Nb Alternative Investment Management LLC
Address: 605 Third Avenue, New York, NY, 10158
Telephone: 212-476-5900

Nb Alternative Investment Management LLC is a large advisory firm based in New York. It manages $3.39 billion of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2009.

Nb Alternative Investment Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nb Alternative Investment Management: assets under management

The assets under management (AUM) of Nb Alternative Investment Management LLC is $3.39 billion. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.05 billion in discretionary accounts and $1.34 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68.46 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $669.02 million.

Nb Alternative Investment Management has custody of $1.5 billion in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nb Alternative Investment 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.

Careers at Nb Alternative Investment Management LLC

Eric David Weinstein has served as the Chief Investment Officer since 1 Sep 2003 and Anthony David Tutrone Ii is the Chief Executive Officer of Nb Alternative Investment Management LLC family office. Patrick S Deaton joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric David Weinstein	Chief investment officer	1 Sep 2003	Other	1250617
Nb Alternatives Holdings Llc	Member	1 May 2009	75% - 100%	80-0357916
Anthony David Tutrone Ii	Chief executive officer	1 May 2009	Other	2264582
Anthony David Tutrone	Chief executive officer	1 May 2009	Other	2264582
Michael Douglas Rees	Chief operating officer	1 May 2009	Other	1304147
Sean Jason Ward	Vice president/chief compliance officer	1 Jul 2009	Other	5496701
Sean Jason Ward	Senior vice president, chief compliance officer	1 Feb 2010	Other	5496701
Christian Neira	Chief compliance officer	1 Oct 2010	Other	5855349
Tia Gelaine Lowe	Chief operating officer	1 Oct 2010	Other	5142344
Yonah Feder	Chief compliance officer	1 Mar 2013	Other	5166275
David Gerson Kupperman	Co-head	1 Nov 2013	Other	3135442
Jeffrey Adam Majit	Co-head	1 Nov 2013	Other	6051542
Patrick S Deaton	Chief operating officer	1 Oct 2015	Other	4338617

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Neuberger Berman Group Llc	Holding company	1 Feb 2009	75% - 100%	61-1591182
Llc Nbsh Acquisition	Member	1 May 2009	75% - 100%	26-4383171
Lehman Brothers Holdings Inc.	Member	1 May 2009	25% - 50%	13-3216325

Based in New York

The principal office where Nb Alternative Investment Management LLC performs its advisory services is located at 605 Third Avenue, New York, NY 10158, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-476-5900 or by fax 646-537-4660. The normal business hours are 9:00am to 5:30pm on Monday - Friday. You can find more information about the New York firm at nb.com.