Neuberger Berman Investment Advisers LLC

Registered investment adviser · New York, NY · CRD #124687

Form ADV data as of 2026-09-01

Regulatory assets

$398.65 billion

Total accounts

43,954

Employees

1,542

Disclosure events

Firm details

Website: https://www.linkedin.com/company/nbprivatewealth
Telephone: 212-476-9000
SEC file number: 801-61757
Most recent Form ADV filing: 2026-03-27
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a violation of investment-related regulations or statutes

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$395.04 billion
Non-discretionary regulatory assets under management	$3.61 billion
Total regulatory assets under management	$398.65 billion
Discretionary accounts	43,516
Non-discretionary accounts	438
Total accounts	43,954
Regulatory assets under management attributable to non-U.S. persons	$146.26 billion

People

Total employees (excluding clerical)	1,542
Employees performing investment advisory functions (including research)	646
Employees who are registered representatives of a broker-dealer	758
Employees registered as investment adviser representatives with a state	618
Employees registered as IARs for another investment adviser	618
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	20

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$43.39 billion
Clients for whom the firm has custody	6,227
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$81.77 billion
Clients for whom a related person has custody	1,772
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	28

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Performance-based fees

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)Educational seminars/workshops

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorCommodity pool operator or commodity trading advisorTrust companyInsurance company or agencySponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives soft dollar benefits
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	24,100	$8.85 billion
High net worth individuals	15,676	$63.04 billion
Banking or thrift institutions	1	$93.5 million
Investment companies	72	$69.73 billion
Pooled investment vehicles (other than investment companies and BDCs)	378	$142.34 billion
Pension and profit sharing plans (not the participants or government plans)	710	$28.49 billion
Charitable organizations	991	$6.00 billion
State or municipal government entities (including government pension plans)	44	$27.81 billion
Other investment advisers	9	$3.88 billion
Insurance companies	62	$24.05 billion
Sovereign wealth funds and foreign official institutions	14	$9.44 billion
Corporations or other businesses not listed above	1,828	$14.23 billion
Other	69	$692.7 million