SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Neuberger Berman Investment Advisers LLC
New York, NY
CRD 124687
Firm filing updated September 24, 2026 ·
- $398.6BAssets
- 43,954Clients
- 646Advisory staff
- 43,954Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Performance-based feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- Individuals24,100
- High net worth individuals15,676
- Corporations or other businesses1,828
- Charities991
- Pension and profit sharing plans710
- and 7 more580
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 24,100 | $8.9 billion |
| High net worth individuals | 15,676 | $63.0 billion |
| Banking or thrift institutions | 1 | $93.5 million |
| Investment companies | 72 | $69.7 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 378 | $142.3 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 710 | $28.5 billion |
| Charitable organizations | 991 | $6.0 billion |
| State or municipal government entities (including government pension plans) | 44 | $27.8 billion |
| Other investment advisors | 9 | $3.9 billion |
| Insurance companies | 62 | $24.1 billion |
| Sovereign wealth funds and foreign official institutions | 14 | $9.4 billion |
| Corporations or other businesses not listed above | 1,828 | $14.2 billion |
| Other: "PROPRIETARY ACCOUNT, US FEDERAL AGENCY" | 69 | $692.7 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 6 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
- Educational seminars/workshops
- 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 advisors (including private fund managers)
- Educational seminars/workshops
Assets and accounts
- Regulatory assets$398.6 billion
- Accounts43,954
- Discretionary$395.0 billion · 43,516 accounts
- Non-discretionary$3.6 billion · 438 accounts
People
- Employees1,542
- Advisory staff646
- Broker-dealer reps758
- Licensed insurance agents0
Registration details
- SEC-registered investment advisor. CRD 124687, SEC file 801-61757.
- Registered with the SEC as an investment advisor (status date on record: January 23, 2003).
Is Neuberger Berman Investment Advisers LLC a fiduciary?
Short answer: Neuberger Berman Investment Advisers LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 758 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.