Clients
Nomura Investment Management Business Trust serves 287 clients, 112 of them investment companies. The average client has about $502 million with the firm, and high-net-worth clients hold 1% of its $144 billion in assets.
- Investment companies112 clients64%
- Pooled investment vehicles51 clients3%
- State or municipal government entities15 clients2%
- Insurance companies6 clients24%
- Corporations and other businesses45 clients3%
- OtherIndividuals, High-net-worth individuals, Pension and profit-sharing plans, Sovereign wealth funds and foreign official institutions, Other3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 7 | $715,109,300 | 0.5% | $102.2M |
| High-net-worth individuals | 25 | $1,402,603,450 | 1.0% | $56.1M |
| Investment companies | 112 | $91,540,515,222 | 63.5% | $817.3M |
| Pooled investment vehicles | 51 | $4,964,417,026 | 3.4% | $97.3M |
| Pension and profit-sharing plans | 14 | $1,519,185,045 | 1.1% | $108.5M |
| State or municipal government entities | 15 | $3,427,882,653 | 2.4% | $228.5M |
| Insurance companies | 6 | $34,946,195,939 | 24.3% | $5.82B |
| Sovereign wealth funds and foreign official institutions | Not reported | $1,028,252,827 | 0.7% | — |
| Corporations and other businesses | 45 | $4,387,858,970 | 3.0% | $97.5M |
| Other | 12 | $112,854,288 | 0.1% | $9.40M |
| Total | 287 | $144,044,874,720 | 100% | $501.9M |
- Clients
- 7
- Regulatory AUM
- $715,109,300
- Share
- 0.5%
- Avg. per client
- $102.2M
- Clients
- 25
- Regulatory AUM
- $1,402,603,450
- Share
- 1.0%
- Avg. per client
- $56.1M
- Clients
- 112
- Regulatory AUM
- $91,540,515,222
- Share
- 63.5%
- Avg. per client
- $817.3M
- Clients
- 51
- Regulatory AUM
- $4,964,417,026
- Share
- 3.4%
- Avg. per client
- $97.3M
- Clients
- 14
- Regulatory AUM
- $1,519,185,045
- Share
- 1.1%
- Avg. per client
- $108.5M
- Clients
- 15
- Regulatory AUM
- $3,427,882,653
- Share
- 2.4%
- Avg. per client
- $228.5M
- Clients
- 6
- Regulatory AUM
- $34,946,195,939
- Share
- 24.3%
- Avg. per client
- $5.82B
- Clients
- Not reported
- Regulatory AUM
- $1,028,252,827
- Share
- 0.7%
- Avg. per client
- —
- Clients
- 45
- Regulatory AUM
- $4,387,858,970
- Share
- 3.0%
- Avg. per client
- $97.5M
- Clients
- 12
- Regulatory AUM
- $112,854,288
- Share
- 0.1%
- Avg. per client
- $9.40M
Total
- Clients
- 287
- Regulatory AUM
- $144,044,874,720
- Share
- 100%
- Avg. per client
- $501.9M
What it does
Nomura Investment Management Business Trust 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 other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.
Nomura Investment Management Business Trust advises 2 private funds.
100.0% of assets ($144.04B across 290 accounts) are managed with discretion. $1.56B sits in a wrap fee program the firm both sponsors and manages. 7% of clients are outside the U.S., and 19 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks9%
- Bonds81%
- Investment grade corporate bonds65%
- High-yield corporate bonds7%
- U.S. government and agency bonds6%
- State and local bonds3%
- Cash1%
- Other9%
- Structured product securities9%
Custodians
Nomura Investment Management Business Trust’s client accounts are held mainly at Bank of New York Mellon, with 25% of managed assets, and State Street Bank and Trust, with 6%. Nomura Investment Management Business Trust has custody of client assets.
- Bank of New York MellonBank of New York Mellon Corporation · Pittsburgh, PA · $36.11B25%
- Northern TrustNorthern Trust Corporation · Chicago, IL · $7.35B5%
- State Street Bank and TrustState Street Bank and Trust · Boston, MA · $8.67B6%
- All other custodians$91.92B64%
Ownership and leadership
Nomura Asset Management International Inc. owns 75% or more of Nomura Investment Management Business Trust, and Shawn Lytle is its CEO.
- Owns 75% or more of Nomura Investment Management Business Trust
Nomura Asset Management International Inc.
Control person · since December 2025
- Owns 75% or more of Nomura Asset Management International Inc.
Nomura Holding America Inc.
Control person · since December 2025
- Owns 75% or more of Nomura Holding America Inc.
Nomura Holdings, Inc
Control person · since December 2025
Leadership
- Shawn LytleChief Executive Officer/Senior Managing Director
- Eugene ChiulliChief Financial Officer/Managing Director
- Martin WolinChief Compliance Officer/SVP/Managing Director
- Michael CapuzziSVP/US Chief Operations Officer/Managing Director
- David ConnorSVP/General Counsel/Secretary/Managing Director
- Richard SalusSVP/Global Head of Fund Services/Managing Director
- Robert WolfangelSVP/Managing Director
Staff
- 778 employees
- 219 in advisory functions
- 53 state-registered reps
- 145 broker-dealer reps
Fees
Nomura Investment Management Business Trust is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Nomura Investment Management Business Trust’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Nomura Investment Management Business Trust has 5 offices, with 6 listed addresses across 6 states.
Florida · 1 listed address
- 1301 Riverplace BLVD, Jacksonville
Illinois · 1 listed address
- 20 N Wacker Drive, Chicago
Kansas · 1 listed address
- 6301 Glenwood Street, Overland Park
Massachusetts · 1 listed address
- 53 State Street, Boston
New York · 1 listed address
- 309 West 49th Street, New York
Pennsylvania · 1 listed address
- 610 Market Street, PhiladelphiaHQ
Other business names
Nomura Investment Management Business Trust has reported 5 other business names to the SEC.
- Delaware Capital Management
- Delaware Management Company
- Nomura Alternative Strategies
- Nomura Investment Management Advisers
- Nomura Investments Fund Advisers
Registration details
- Legal name
- Nomura Investment Management Business Trust
- Headquarters
- 610 Market Street, Philadelphia, PA 19106
- Phone
- 215-531-6700
- Website
- Not reported
- SEC file
- 801-32108
- Structure
- Delaware other (specify)
- Fiscal year end
- March
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 Nomura Investment Management Business Trust have?
Nomura Investment Management Business Trust has 287 clients and manages $144 billion for them, as of September 2026. They include 112 investment companies, 51 pooled investment vehicles and 45 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does Nomura Investment Management Business Trust offer?
Nomura Investment Management Business Trust 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 other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Nomura Investment Management Business Trust use?
Nomura Investment Management Business Trust’s separately managed account assets are held at Bank of New York Mellon Corporation (Pittsburgh, PA), with $36,108,758,232, State Street Bank and Trust (Boston, MA), with $8,669,926,946 and Northern Trust Corporation (Chicago, IL), with $7,348,384,897. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does Nomura Investment Management Business Trust have?
Nomura Investment Management Business Trust has 53 investment adviser representatives registered with state securities authorities, out of 778 employees, and 219 perform investment advisory functions. 145 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 Nomura Investment Management Business Trust invest in?
At the end of its last fiscal year, Nomura Investment Management Business Trust’s separately managed accounts held 65% investment grade corporate bonds, 9% exchange-traded equities, 9% structured product securities, 7% high-yield corporate bonds, 6% U.S. government and agency bonds, 3% state and local bonds and 1% cash and equivalents. It advises 2 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 Nomura Investment Management Business Trust?
Nomura Investment Management Business Trust is owned through a chain of holding companies by Nomura Holdings, Inc. Its direct owner is Nomura Asset Management International Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does Nomura Investment Management Business Trust get paid?
Nomura Investment Management Business Trust 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