Nuveen Asset Management, LLC

CRD#155584
Investment Advisor Firm

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Overview

Nuveen Asset Management, LLC is an advisory firm headquartered in Chicago, Illinois. Nuveen Asset Management, LLC oversees $248.6 billion in total assets over 70,634 accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The firm has a large team, including 342 financial advisors. Nuveen Asset Management, LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments like options, bonds and stocks.

Nuveen Asset Management, LLC administers 70,440 of the company's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without requiring client consent. It also has 194 non-discretionary accounts with a total of $31.3 million in AUM. The firm supervises an average of $3.5 million for every account. An average financial advisor at Nuveen Asset Management, LLC oversees about 207 client accounts.

Nuveen Asset Management, LLC's central office is at 333 West Wacker Drive, Chicago, Illinois 60606. The company is legally allowed to provide services to clients across 51 U.S. states and territories.

Assets Under Management

$248.6 billion

Number of Advisors

342

Disclosures

No

Office Location

333 West Wacker Drive
Chicago, IL 60606

Nuveen Asset Management, LLC by the Numbers

Total Assets Under Management

$248.6 billion

National Average: $8.6 billion
Total Number of Employees

421

National Average: 64
Total Number of Accounts

70,634

National Average: 375,227
Average Account Size

$3.5 million

National Average: $23.0 thousand
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Products and Services

Nuveen Asset Management, LLC offers a number of financial services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. The company does not sell products or offer services aside from investment advisory services to its investment advisory clients. Nuveen Asset Management, LLC is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, insurance company or agency, pension consultant, real estate broker or dealer and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial advisory fees depend on the financial services provided. Fee types billed by the company most likely include the following fee types: asset-based, fixed or performance-based. The company does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm manages money for a number of different clients. The firm works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 70,634 clients, Nuveen Asset Management, LLC's largest client by number of accounts is retail investors, though it also caters to 10,369 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 14.68%
  • Other Individuals - 81.62%
  • Corporations - 3.54%
  • Charitable Organizations - 0.16%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Nuveen Asset Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Nuveen Asset Management, LLC

Joseph Duncker
Chicago, IL
Brittany Siegel
Chicago, IL
Adrienne Frank
Chicago, IL
James Woodfin
Chicago, IL
Omar Holmes
Chicago, IL
Amanda Schrama
Chicago, IL
Benjamin Colter
Chicago, IL
Jeffrey Smith
New York, NY
Eugene Colter
New York, NY

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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