Asset manager · St. Louis, MO
Nisa Investment Advisors, LLC
SEC-registered investment adviser · CRD 107313 · SEC 801-45153
At a glance
Nisa Investment Advisors, LLC is an SEC-registered investment adviser based in St. Louis, Missouri, with $343.9 billion in regulatory assets under management as of its Form ADV filed March 26, 2026. Its largest client group by assets is pension and profit sharing plans, and it reports 13 individual clients. By Form ADV it is a asset manager, ranked 49th of 3,218 asset managers and 75th of 17,210 SEC-registered advisers by assets.
Main office 314-721-1900nisa.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $344B
- Rank among asset managers
- #49 of 3,218
- Rank among all SEC RIAs
- #75 of 17,210
- Rank in Missouri
- #3 of 196
- Individual clients
- 13
- High-net-worth clients
- 13
- Accounts
- 440
- Discretionary
- 98% of AUM
- Employees
- 417
- Advisory staff
- 217
- Offices
- 1
Owners and executives on its Form ADV
- Kenneth L. LesterManaging Director, Portfolio Management
- Bella L. SanevichManaging Director, Corporate Governance and Legal
- Anthony R. PopeManaging Director, Portfolio Management
- David G. EichhornChief Executive Officer & Head of Investment Strategies
- Cheryl L. HansonManaging Director, Client Services
- Richard R. RatkowskiDirector, Investment Strategies
- Richard M. DolsonChief Compliance Officer
- Matthew G ByronChief Operating Officer
- Mark A. FolkinsChief Administrative Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pension and profit sharing plans | 255 | $177B | 52% |
| State or municipal government entities | 22 | $108B | 31% |
| Other | 89 | $30B | 9% |
| Pooled investment vehicles | 14 | $12B | 3% |
| Charitable organizations | 18 | $10B | 3% |
| Corporations or other businesses | 13 | $4.6B | 1% |
| Insurance companies | 16 | $2.4B | <1% |
| High-net-worth individuals | 13 | $382M | <1% |
Private funds
Nisa Investment Advisors, LLC reports 3 private funds with $697M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Nisa Investment Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗nisa.com ↗
AtlasMembers
The full record on Nisa Investment Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 102 peers of its type and size
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- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
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Background
Questions
How much does Nisa Investment Advisors, LLC manage?
Nisa Investment Advisors, LLC reports $343.9 billion in regulatory assets under management across 440 accounts, 98% of it on a discretionary basis, on its Form ADV filed March 26, 2026.
What kind of firm is Nisa Investment Advisors, LLC?
Nisa Investment Advisors, LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Nisa Investment Advisors, LLC’s clients?
By assets, its largest client types are pension and profit sharing plans ($177.3 billion, 255 clients); state or municipal government entities ($107.6 billion, 22 clients); other ($29.9 billion, 89 clients).
Does Nisa Investment Advisors, LLC manage private funds?
Yes. It reports 3 private funds with $697 million in gross assets, including hedge funds.
Does Nisa Investment Advisors, LLC have any disciplinary history?
Nisa Investment Advisors, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Nisa Investment Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-26), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →