Clients
Neuberger Berman Investment Advisers serves 43,954 clients, 15,676 of them high-net-worth individuals. The average client has about $9.1 million with the firm, and high-net-worth clients hold 16% of its $398.6 billion in assets.
- Individuals24,100 clients2%
- High-net-worth individuals15,676 clients16%
- Investment companies72 clients17%
- Pooled investment vehicles378 clients36%
- Pension and profit-sharing plans710 clients7%
- OtherState or municipal government entities, Insurance companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Banking or thrift institutions, Charitable organizations, Other investment advisers, Other22%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 24,100 | $8,852,730,569 | 2.2% | $367K |
| High-net-worth individuals | 15,676 | $63,035,665,143 | 15.8% | $4.02M |
| Banking or thrift institutions | 1 | $93,528,361 | 0.0% | $93.5M |
| Investment companies | 72 | $69,734,423,603 | 17.5% | $968.5M |
| Pooled investment vehicles | 378 | $142,341,395,355 | 35.7% | $376.6M |
| Pension and profit-sharing plans | 710 | $28,486,763,414 | 7.1% | $40.1M |
| Charitable organizations | 991 | $6,000,269,905 | 1.5% | $6.05M |
| State or municipal government entities | 44 | $27,810,783,232 | 7.0% | $632.1M |
| Other investment advisers | 9 | $3,877,739,512 | 1.0% | $430.9M |
| Insurance companies | 62 | $24,051,394,774 | 6.0% | $387.9M |
| Sovereign wealth funds and foreign official institutions | 14 | $9,441,618,911 | 2.4% | $674.4M |
| Corporations and other businesses | 1,828 | $14,230,894,485 | 3.6% | $7.78M |
| Other | 69 | $692,704,195 | 0.2% | $10.0M |
| Total | 43,954 | $398,649,911,459 | 100% | $9.07M |
- Clients
- 24,100
- Regulatory AUM
- $8,852,730,569
- Share
- 2.2%
- Avg. per client
- $367K
- Clients
- 15,676
- Regulatory AUM
- $63,035,665,143
- Share
- 15.8%
- Avg. per client
- $4.02M
- Clients
- 1
- Regulatory AUM
- $93,528,361
- Share
- 0.0%
- Avg. per client
- $93.5M
- Clients
- 72
- Regulatory AUM
- $69,734,423,603
- Share
- 17.5%
- Avg. per client
- $968.5M
- Clients
- 378
- Regulatory AUM
- $142,341,395,355
- Share
- 35.7%
- Avg. per client
- $376.6M
- Clients
- 710
- Regulatory AUM
- $28,486,763,414
- Share
- 7.1%
- Avg. per client
- $40.1M
- Clients
- 991
- Regulatory AUM
- $6,000,269,905
- Share
- 1.5%
- Avg. per client
- $6.05M
- Clients
- 44
- Regulatory AUM
- $27,810,783,232
- Share
- 7.0%
- Avg. per client
- $632.1M
- Clients
- 9
- Regulatory AUM
- $3,877,739,512
- Share
- 1.0%
- Avg. per client
- $430.9M
- Clients
- 62
- Regulatory AUM
- $24,051,394,774
- Share
- 6.0%
- Avg. per client
- $387.9M
- Clients
- 14
- Regulatory AUM
- $9,441,618,911
- Share
- 2.4%
- Avg. per client
- $674.4M
- Clients
- 1,828
- Regulatory AUM
- $14,230,894,485
- Share
- 3.6%
- Avg. per client
- $7.78M
- Clients
- 69
- Regulatory AUM
- $692,704,195
- Share
- 0.2%
- Avg. per client
- $10.0M
Total
- Clients
- 43,954
- Regulatory AUM
- $398,649,911,459
- Share
- 100%
- Avg. per client
- $9.07M
What it does
Neuberger Berman Investment Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and educational seminars. It is paid through a percentage of assets, fixed fees and performance-based fees.
Neuberger Berman Investment Advisers advises 71 private funds.
99.1% of assets ($395.04B across 43,516 accounts) are managed with discretion; $3.61B across 438 accounts are not. $5.64B sits in a wrap fee program the firm both sponsors and manages. 2% of clients are outside the U.S., and 54 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks41%
- Funds4%
- Registered funds2%
- Pooled vehicles2%
- Bonds49%
- Investment grade corporate bonds16%
- U.S. government and agency bonds13%
- High-yield corporate bonds11%
- State and local bonds5%
- Sovereign bonds4%
- Cash3%
- Other3%
- Bank loans, private debt, residential mortgage loans3%
Custodians
Neuberger Berman Investment Advisers’ client accounts are held mainly at Fidelity, with 18% of managed assets, and State Street Bank and Trust, with 8%. Neuberger Berman Investment Advisers has custody of $43.39B for 6,227 clients.
- FidelityNational Financial Services LLC · Wilmington, DE · $72.15B18%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $30.42B8%
- The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $19.52B5%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $21.07B5%
- All other custodians$255.49B64%
Ownership and leadership
Neuberger Berman Investment Advisers Holdings LLC owns 75% or more of Neuberger Berman Investment Advisers.
- Owns 75% or more of Neuberger Berman Investment Advisers LLC
Neuberger Berman Investment Advisers Holdings LLC
Control person · since May 2009
- Owns 75% or more of Neuberger Berman Investment Advisers Holdings LLC
Neuberger Berman Group LLC
Control person · since February 2009
- Owns 75% or more of Neuberger Berman Group LLC
NBSH Acquisition, LLC
Control person · since May 2009
Leadership
- Joseph AmatoDirector, President & Chief Investment Officer - Equities
- Ashok BhatiaDirector, President & Chief Investment Officer - Fixed Income
- Brad CetronChief Compliance Officer - Head of Compliance and Managing Director
- Michael ChinniTreasurer
- Kenneth deRegtDirector
- John KramerDirector
- Leo ViolaController
- Stephen WrightDirector, Managing Director
Staff
- 1,542 employees
- 646 in advisory functions
- 618 state-registered reps
- 758 broker-dealer reps
- 20 soliciting firms
Fees
Neuberger Berman Investment Advisers is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Neuberger Berman Investment Advisers’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Neuberger Berman Investment Advisers has 10 offices, with 11 listed addresses across 8 states.
California · 2 listed addresses
- 505 Sansome Street, San Francisco
- 10100 Santa Monica Boulevard, Los Angeles
Florida · 2 listed addresses
- 525 Okeechobee BLVD., West Palm Beach
- 401 East Jackson Street, Tampa
Illinois · 2 listed addresses
- 190 South Lasalle Street, Chicago
- 190 South Lasalle Street, Chicago
Georgia · 1 listed address
- 3414 Peachtree Road N.E., Atlanta
Massachusetts · 1 listed address
- 53 State Street, Boston
New York · 1 listed address
- 1290 Avenue of the Americas, New YorkHQ
Pennsylvania · 1 listed address
- 555 East Lancaster Avenue, Radnor
Texas · 1 listed address
- 200 Crescent Court, Dallas
Registration details
- Legal name
- Neuberger Berman Investment Advisers LLC
- Headquarters
- 1290 Avenue of the Americas, New York, NY 10104
- Phone
- 212-476-9000
- Website
- Not reported
- SEC file
- 801-61757
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Neuberger Berman Investment Advisers have?
Neuberger Berman Investment Advisers has 43,954 clients and manages $398.6 billion for them, as of September 2026. They include 24,100 other individuals, 15,676 high-net-worth individuals and 1,828 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026
What services does Neuberger Berman Investment Advisers offer?
Neuberger Berman Investment Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Neuberger Berman Investment Advisers use?
Neuberger Berman Investment Advisers’ separately managed account assets are held at National Financial Services LLC (Wilmington, DE), with $72,151,965,601, State Street Bank and Trust Company (Boston, MA), with $30,420,352,307, The Northern Trust Company (Chicago, IL), with $21,070,007,019 and The Bank of New York Mellon Corporation (New York, NY), with $19,516,522,474. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026
How many financial advisors does Neuberger Berman Investment Advisers have?
Neuberger Berman Investment Advisers has 618 investment adviser representatives registered with state securities authorities, out of 1,542 employees, and 646 perform investment advisory functions. 758 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Neuberger Berman Investment Advisers invest in?
At the end of its last fiscal year, Neuberger Berman Investment Advisers’ separately managed accounts held 41% exchange-traded equities, 16% investment grade corporate bonds, 13% U.S. government and agency bonds, 11% high-yield corporate bonds, 5% state and local bonds, 4% sovereign bonds, 3% cash and equivalents, 3% bank loans, private debt, residential mortgage loans, 2% registered funds (mutual funds, ETFs, BDCs) and 2% pooled vehicles (private funds and similar). It advises 71 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Neuberger Berman Investment Advisers?
Neuberger Berman Investment Advisers is owned through a chain of holding companies by NBSH Acquisition, LLC. Its direct owner is Neuberger Berman Investment Advisers Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 September 2026
How does Neuberger Berman Investment Advisers get paid?
Neuberger Berman Investment Advisers is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
