Neuberger Berman Investment Advisers is a fee-based financial advisor firm. It employs a large team of financial advisors who work with individual investors and many different types of institutional investors. Neuberger Berman is an international firm headquartered in New York City, and its services center around asset and investment management.
Neuberger Berman Investment Advisers Background
Neuberger Berman Investment Advisers can trace its roots back to 1939, when it was called Neuberger & Berman. The firm has gone through a few name changes over the years. Its last name change was in in 2016, when the firm changed its name from Neuberger Berman Fixed Income, LLC to its current name. The firm is primarily owned by the holding company Neuberger Berman Group.
While it’s unclear exactly how many advisors hold certifications at Neuberger Berman, the firm does offer certified financial planners (CFPs) to its clients. The firm operates in 39 cities across the globe.
Neuberger Berman Investment Advisers Client Types and Minimum Account Sizes
Neuberger Berman Investment Advisers is a massive firm, and it serves a wide range of clients. The firm works with non-high-net-worth individuals, high-net-worth individuals, banks, investment companies, investment funds, businesses, pension plans, profit-sharing plans, charitable organizations, foundations, endowment funds, government entities, investment advisors, insurance companies, trusts and federal agencies.
Your required minimum investment at Neuberger Berman Investment Advisers will depend on the type of service or portfolio model you select. For individual clients, this is typically at least $1 million. For wrap accounts, this number is often closer to $100,000 to $250,000, depending on the types of services you want.
Services Offered By Neuberger Berman Investment Advisers
Neuberger Berman Investment Advisers’ client base includes a wide mix of individuals and institutions, and its service offerings reflect that. Below you’ll find the firm’s full list of offerings:
- Private asset management (separately managed accounts)
- Customized discretionary investment management
- Asset allocation
- Rebalances and investment monitoring
- Wealth analysis
- General financial planning education
- Investment goal determination
- General financial planning education
- Sub-advisory services
- Available for open-end investment companies, non-U.S. registered funds, separate accounts and private funds
- Proprietary registered investment companies
- Securities recommendations, including which to buy/sell and how many to buy
- Broker/dealer recommendations
- Consulting services
- One-time, periodic or ongoing investment policy, security, strategy and manager investment recommendation
- Written analysis for specific investments
- Proprietary equity, fixed income and alternative strategies
- Wrap fee programs
- Investment management and strategies
- Custodial services
- Trade execution
Neuberger Berman Investment Advisers Investment Philosophy
Neuberger Berman Investment Advisers typically uses one of four investment strategies for client accounts. These four strategies typically use the following investments:
- Fixed-income strategies: exchange-traded funds (ETFs), REITs, option contracts, short sales, over-the-counter securities, municipal/U.S. government securities, CDs, corporate debt securities, convertible bonds, preferred securities and warrants
- Equity strategies: common stocks, preferred stocks, ETFs, REITs, options, participatory notes, depositary receipts, mutual funds and convertible securities
- Alternative strategies: combination of equity and fixed-income investments
- Multi-asset mandates: equity and fixed-income investments with quantitative-based strategic asset allocation models
Although these investments are associated with the specific strategies above, Neuberger Berman also makes an effort to align investment choices with clients’ preferences and needs. So depending on your risk tolerance, time horizon, ultimate financial goals, liquidity needs and any other extenuating circumstances, your portfolio could be comprised of a different mix of investments than what’s listed above.
Fees Under Neuberger Berman Investment Advisers
Neuberger Berman Investment Advisers divides its fees in two ways: by service and by investment type used within this service. In other words, if you’re an institutional client, your fees will be based on the investment strategy used to meet your needs, like core bond, all cap core or global equity. In most cases, fees are charged to client accounts on quarterly schedule.
Neuberger Berman has an extensive fee schedule. For the purpose of this review, we have chosen to list one of the most common fee schedule for individual clients in the table below.
|GPS - Total Portfolio Solutions Fees
|Portfolio’s Market Value
|$500,000 - $1,000,000
|$1,000,000 - $5,000,000
|$5,000,000 - $10,000,000
There are hundreds of different fee schedules available at the firm. They apply to different types of asset levels and strategies. For more information, see the firm's Form ADV brochure. For some of its account services, Neuberger Berman does charge performance-based fees. This applies to separate accounts, private funds, sub-advisory accounts and closed-end fund clients.
What to Watch Out For
Neuberger Berman Investment Advisers has no disclosures on its record.
Neuberger Berman Investment Advisers is a fee-based firm, which means that the firm and its advisors earn money from sources other than client fees. Although this represents a potential conflict of interest, the firm works in clients' best interests.
Opening an Account With Neuberger Berman Investment Advisers
To become a client of Neuberger Berman Investment Advisers, you should get in touch with the branch located closest to you. You can find the phone numbers for the firm’s locations on the contact page on its website.
All information is accurate as of the writing of this article.
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