Neuberger Berman Investment Advisers Llc
- Regulatory AUM
- $399B
- Discretionary
- $395B
- Clients
- 43,954
- Avg AUM / client
- $9.1M
- Accounts
- 43,954
- Employees
- 1,542
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Asset allocation (SMA assets by investment type)
as of Mar 27, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 24,100 | $8.9B | 2.22% |
| High net worth individuals | 15,676 | $63.0B | 15.8% |
| Banking or thrift institutions | 1 | $93.5M | 0.02% |
| Investment companies | 72 | $69.7B | 17.5% |
| Pooled investment vehicles (non-investment companies) | 378 | $142B | 35.7% |
| Pension and profit sharing plans | 710 | $28.5B | 7.15% |
| Charitable organizations | 991 | $6.0B | 1.51% |
| State or municipal government entities | 44 | $27.8B | 6.98% |
| Other investment advisers | 9 | $3.9B | 0.97% |
| Insurance companies | 62 | $24.1B | 6.03% |
| Sovereign wealth funds and foreign official institutions | 14 | $9.4B | 2.37% |
| Corporations and other businesses | 1,828 | $14.2B | 3.57% |
| Other | 69 | $693M | 0.17% |
Private funds (76)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $13.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Homeward Opportunities Fund Lp master | Hedge Fund | Delaware | $2.3B | 11 |
| Neuberger Berman U.S. Equity Index Putwrite Fund Llc | Hedge Fund | Delaware | $1.5B | 62 |
| Neuberger Berman (Pf) Strategic Multi Sector Fixed Income Fund Llc | Hedge Fund | Delaware | $716M | 16 |
| Neuberger Berman Opportunistic Capital Solutions Master Fund Lp master | Hedge Fund | Cayman Islands | $550M | 648 |
| Neuberger Berman Special Situations Master Fund Ii Lp master | Hedge Fund | Guernsey | $536M | 14 |
| Neuberger Berman Risk Parity Master Fund Lp master | Hedge Fund | Cayman Islands | $488M | 4 |
| Neuberger Berman Clo Xxi, Ltd. | Securitized Asset Fund | Cayman Islands | $484M | 0 |
| Neuberger Berman Clo Xx, Ltd. | Securitized Asset Fund | Cayman Islands | $483M | 0 |
| Neuberger Berman High Income Fund Llc | Other Private Fund | Delaware | $472M | 18 |
| Neuberger Berman Clo Xvii, Ltd | Securitized Asset Fund | Cayman Islands | $472M | 0 |
| Neuberger Berman Clo Xviii, Ltd | Securitized Asset Fund | Cayman Islands | $463M | 0 |
| Neuberger Berman Clo Xvi S, Ltd. | Securitized Asset Fund | Cayman Islands | $434M | 0 |
| Neuberger Berman Clo Xxii, Ltd. | Securitized Asset Fund | Cayman Islands | $381M | 0 |
| Neuberger Berman Clo Xv, Ltd | Securitized Asset Fund | Cayman Islands | $364M | 0 |
| Neuberger Berman Clo Xiv, Ltd | Securitized Asset Fund | Cayman Islands | $335M | 0 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Dte Energy Company Veba Tr EIN 200471790 | Detroit, MI | 12/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Southern Illinois Laborers & Employers Annuity Fund Trustees Of Southern Illinois Laborers & Employers Annuity Fund | Marion, IL | 2024 |
| Sheet Metal Workers' Local 73 Pension Fund Board Of Trustees Of The Sheet Metal Workers 73 Pension Fund | 2024 | |
| Building Laborers Local 310 Pension Fund Building Laborers 310 Pension Fund | 2024 | |
| Central Illinois Carpenters Retirement Savings Fun Board Of Trustees Central Illinois Carpenters Retirement Savings Fund | Lincoln, IL | 2024 |
| Dow Employees' Pension Plan The Dow Chemical Company | 2024 | |
| Union Carbide Employees' Pension Plan Union Carbide Corporation C/O The Dow Chemical Company | 2024 | |
| Ropes & Gray Llp Supplemental Retirement Shares Plan Ropes & Gray Llp | 2024 | |
| Tompkins Financial Corporation Retirement Plan Tompkins Financial Corporation | 2024 | |
| The Travelers Pension Plan Travelers Companies, Inc. | 2024 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Amato, Joseph, Vincent | Director, President Equities, Chief Investment Officer Equities | May 2006 (20y) | Less than 5% | |
| Cetron, Brad, Elliot | Chief Compliance Officer Head Of Compliance And Managing Director | Jan 2016 (11y) | Less than 5% | |
| Stephen Gregory Wright | Director, Managing Director | Jan 2019 (8y) | Less than 5% | |
| De Regt, Kenneth, M | Director | May 2021 (5y) | Less than 5% | |
| Chinni, Michael | Treasurer And Senior Vice President | Jun 2021 (5y) | Less than 5% | |
| Viola, Leo, Anthony | Controller And Managing Director | Jan 2022 (5y) | Less than 5% | |
| Kramer, John, Douglas | Director | Apr 2023 (3y) | Less than 5% | |
| Ashok Kumar Bhatia | Director, Co Chief Investment Officer Fixed Income | CFA | Jun 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Neuberger Berman Investment Advisers Holdings Llc | Member | May 2009 | A | 75% or more |
| Neuberger Berman Group Llc | Member | Feb 2009 | B | ≈ 56.25% – 100% via Neuberger Berman Investment Advisers Holdings Llc |
| Nbsh Acquisition, Llc | Member | May 2009 | B | ≈ 42.19% – 100% via Neuberger Berman Group Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Neuberger Berman Group Llc: 75% – 100% of Neuberger Berman Investment Advisers Holdings Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Nbsh Acquisition, Llc: 75% – 100% of Neuberger Berman Group Llc × 75% – 100% of Neuberger Berman Investment Advisers Holdings Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (76, $13.0B gross assets)
Top 25 of 76 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (9)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Southern Illinois Laborers & Employers Annuity Fund | Trustees Of Southern Illinois Laborers & Employers Annuity Fund | 2,640 | $166M | 08/01/2024 |
| Sheet Metal Workers' Local 73 Pension Fund | Board Of Trustees Of The Sheet Metal Workers 73 Pension Fund | 1,863 | $786M | 07/01/2024 |
| Building Laborers Local 310 Pension Fund | Building Laborers 310 Pension Fund | 1,118 | $420M | 05/01/2024 |
| Central Illinois Carpenters Retirement Savings Fun | Board Of Trustees Central Illinois Carpenters Retirement Savings Fund | 3,239 | $255M | 05/01/2024 |
| Dow Employees' Pension Plan | The Dow Chemical Company | 6,414 | $10.9B | 01/01/2024 |
| Union Carbide Employees' Pension Plan | Union Carbide Corporation C/O The Dow Chemical Company | 677 | $2.2B | 01/01/2024 |
| Ropes & Gray Llp Supplemental Retirement Shares Plan | Ropes & Gray Llp | 328 | $251M | 01/01/2024 |
| Tompkins Financial Corporation Retirement Plan | Tompkins Financial Corporation | 203 | $88.3M | 01/01/2024 |
| The Travelers Pension Plan | Travelers Companies, Inc. | 27,531 | $4.2B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Dte Energy Company Veba Tr | Public charity | $1.3B | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 20 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE BAFIN ALLEGED THAT IN A SINGLE INSTANCE IN 2021, NBSH WILLFULLY FILED A VOTING RIGHTS NOTIFICATION OF DROPPING BELOW 3% HOLDINGS IN A GERMAN ISSUER SIX WEEKS AFTER THE FILING DEADLINE. Status: On Appeal Sanction Detail: AS NOTED IN 9 ABOVE, THIS MATTER HAS BEEN APPEALED TO THE BAFIN. Summary: NBSH FILED AN APPEAL TO THE BAFIN ON AUGUST 29, 2024 STATING THAT A SINGLE LATE SHAREHOLDER NOTIFICATION REPORTING A SMALL REDUCTION IN POSITION SIZE WAS DUE TO A CLERICAL ERROR AND THAT THE FIRM HAS SINCE ENHANCED ITS SYSTEMS TO PREVENT FUTURE OCCURRENCES. THE APPEAL REMAINS PENDING.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- National Financial Services (Fidelity) $72.2B (18% of AUM) Mar 2026
- State Street $30.4B (8% of AUM) Mar 2026
- Northern Trust $21.1B (5% of AUM) Mar 2026
- BNY Mellon $19.5B (5% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗