{"url":"https://nivawealth.com/firms/nomura-investment-management-business-trust-105390","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/105390","regulatoryAum":144044874720,"crd":"105390","secFileNumber":"801-32108","legalName":"Nomura Investment Management Business Trust","displayName":"Nomura Investment Management Business Trust","website":null,"linkedinUrl":"https://www.linkedin.com/company/nomura-assetmanagement/","founded":null,"organization":"Delaware other (specify)","fiscalYearEnd":"March","headquarters":{"street":"610 Market Street","city":"Philadelphia","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"19106"},"tradeNames":["Delaware Capital Management","Delaware Management Company","Nomura Alternative Strategies","Nomura Investment Management Advisers","Nomura Investments Fund Advisers"],"registration":{"secApproved":"31 May 1988","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":778,"advisory":219,"brokerDealerReps":145,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":144044874720,"discretionaryAccounts":290,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":1561312084,"nonUsClientsPct":7,"nonAumClients":19},"clientTypes":[{"label":"Individuals (other than HNW)","clients":7,"regulatoryAum":715109300},{"label":"High-net-worth individuals","clients":25,"regulatoryAum":1402603450},{"label":"Investment companies","clients":112,"regulatoryAum":91540515222},{"label":"Pooled investment vehicles","clients":51,"regulatoryAum":4964417026},{"label":"Pension and profit-sharing plans","clients":14,"regulatoryAum":1519185045},{"label":"State or municipal government entities","clients":15,"regulatoryAum":3427882653},{"label":"Insurance companies","clients":6,"regulatoryAum":34946195939},{"label":"Sovereign wealth funds and foreign official institutions","clients":null,"regulatoryAum":1028252827},{"label":"Corporations and other businesses","clients":45,"regulatoryAum":4387858970},{"label":"Other","clients":12,"regulatoryAum":112854288}],"fees":[],"feeNotes":[],"custodians":[{"name":"Bank of New York Mellon Corporation","shortName":"Bank of New York Mellon","location":"Pittsburgh, PA","smaAssets":36108758232},{"name":"Northern Trust Corporation","shortName":"Northern Trust","location":"Chicago, IL","smaAssets":7348384897},{"name":"State Street Bank and Trust","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":8669926946}],"custodyNote":"Nomura Investment Management Business Trust has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Shawn Lytle","title":"Chief Executive Officer/Senior Managing Director","crd":"5816747"},{"name":"Eugene Chiulli","title":"Chief Financial Officer/Managing Director","crd":"2976702"},{"name":"Martin Wolin","title":"Chief Compliance Officer/SVP/Managing Director","crd":"4331075"},{"name":"Michael Capuzzi","title":"SVP/US Chief Operations Officer/Managing Director","crd":"1124735"},{"name":"David Connor","title":"SVP/General Counsel/Secretary/Managing Director","crd":"4243088"},{"name":"Richard Salus","title":"SVP/Global Head of Fund Services/Managing Director","crd":"2850592"},{"name":"Robert Wolfangel","title":"SVP/Managing Director","crd":"2965141"}],"ownership":[{"label":"Nomura Asset Management International Inc.","detail":"Corporate parent of registrant in the 75% or more ownership band and a control person, since December 2025."},{"label":"Nomura Holding America Inc.","detail":"Indirect owner: a parent of Nomura Asset Management International Inc. in the 75% or more band and a control person, since December 2025.","parent":"Nomura Asset Management International Inc."},{"label":"Nomura Holdings, Inc","detail":"Indirect owner: a parent of Nomura Holding America Inc. in the 75% or more band and a control person, since December 2025.","parent":"Nomura Holding America Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":5,"privateResidences":0},"listedOfficeAddresses":6,"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"1301 Riverplace BLVD","city":"Jacksonville"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"20 N Wacker Drive","city":"Chicago"}]},{"state":"Kansas","offices":1,"addresses":[{"street":"6301 Glenwood Street","city":"Overland Park"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"53 State Street","city":"Boston"}]},{"state":"New York","offices":1,"addresses":[{"street":"309 West 49th Street","city":"New York"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"610 Market Street","city":"Philadelphia","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"215-531-6700","stateRegisteredReps":53,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":9},{"label":"U.S. government/agency bonds","percent":6},{"label":"U.S. state and local bonds","percent":3},{"label":"Investment grade corporate bonds","percent":65},{"label":"Non-investment grade corporate bonds","percent":7},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":9,"detail":"Structured Product Securities"}],"privateFunds":2},"sources":{"adv1FilingDate":"16 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/105390/PDF/105390.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Nomura Investment Management Business Trust have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Nomura Investment Management Business Trust offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Nomura Investment Management Business Trust use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Nomura Investment Management Business Trust have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Nomura Investment Management Business Trust invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Nomura Investment Management Business Trust?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Nomura Investment Management Business Trust get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}