Asset manager · Philadelphia, PA
Nomura Investment Management Business Trust
SEC-registered investment adviser · CRD 105390 · SEC 801-32108
At a glance
Nomura Investment Management Business Trust is an SEC-registered investment adviser based in Philadelphia, Pennsylvania, with $144.0 billion in regulatory assets under management as of its Form ADV filed September 16, 2026. Its largest client group by assets is investment companies, and it reports 32 individual clients. By Form ADV it is a asset manager, ranked 101st of 3,218 asset managers and 190th of 17,210 SEC-registered advisers by assets.
Main office 215-531-6700nomuraassetmanagement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $144B
- Rank among asset managers
- #101 of 3,218
- Rank among all SEC RIAs
- #190 of 17,210
- Rank in Pennsylvania
- #12 of 564
- Individual clients
- 32
- High-net-worth clients
- 25
- Accounts
- 290
- Discretionary
- 100% of AUM
- Employees
- 778
- Advisory staff
- 219
- Offices
- 6
Owners and executives on its Form ADV
- David F. ConnorSvp/general Counsel/secretary/managing Director
- Shawn K. LytleChief Executive Officer/senior Managing Director
- RICHARD (. SALUSSvp/global Head of Fund Services/managing Director
- Michael F. CapuzziSvp/us Chief Operations Officer/managing Director
- Robert P. WolfangelSvp/managing Director
- Martin WolinChief Compliance Officer/svp/managing Director
- Eugene James ChiulliChief Financial Officer/managing Director
Custody and brokerage
Broker-dealer
Hybrid RIA
Nomura Investment Management Business Trust is a hybrid RIA: 145 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Delaware Distributors, L.P., Instinet, LLC and Nomura Securities International, Inc..
- Delaware Distributors, L.P. ↗CRD 14232
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, June 2026
- Instinet, LLC ↗CRD 7897
- Nomura Securities International, Inc. ↗CRD 4297
Its Form ADV brochure (filed June 2026) names Delaware Distributors as the broker-dealer its advisers are registered with.
and Affiliations Registrations of Management Persons as Broker-Dealers or Registered Representatives of Broker-Dealers Certain of NIMBT’s management persons and other employees are registered representatives of Delaware Distributors, L.P.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 112 | $92B | 64% |
| Insurance companies | 6 | $35B | 24% |
| Pooled investment vehicles | 51 | $5.0B | 3% |
| Corporations or other businesses | 45 | $4.4B | 3% |
| State or municipal government entities | 15 | $3.4B | 2% |
| Pension and profit sharing plans | 14 | $1.5B | 1% |
| High-net-worth individuals | 25 | $1.4B | <1% |
| Sovereign wealth funds and foreign official institutions | – | $1.0B | <1% |
| Individuals | 7 | $715M | <1% |
| Other | 12 | $113M | <1% |
Private funds
Nomura Investment Management Business Trust reports 2 private funds with $43M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Nomura Investment Management Business Trust answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗nomuraassetmanagement.com ↗
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The full record on Nomura Investment Management Business Trust
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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- Rank against 175 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Nomura Investment Management Business Trust manage?
Nomura Investment Management Business Trust reports $144.0 billion in regulatory assets under management across 290 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 16, 2026.
What kind of firm is Nomura Investment Management Business Trust?
Nomura Investment Management Business Trust 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 Nomura Investment Management Business Trust’s clients?
By assets, its largest client types are investment companies ($91.5 billion, 112 clients); insurance companies ($34.9 billion, 6 clients); pooled investment vehicles ($5.0 billion, 51 clients).
Does Nomura Investment Management Business Trust manage private funds?
Yes. It reports 2 private funds with $43 million in gross assets, including hedge funds.
Does Nomura Investment Management Business Trust have any disciplinary history?
Nomura Investment Management Business Trust answers yes to 4 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Nomura Investment Management Business Trust’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 (2026-09-16), 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 →