Nisa Investment Advisors, LLC (St. Louis)


Nisa Investment Advisors, LLC is a large advisory firm based in St. Louis. It manages $204.05 billion of regulatory assets for 208 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Illinois, and 5 other states.

Nisa Investment Advisors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nisa Investment Advisors: assets under management

The assets under management (AUM) of Nisa Investment Advisors, LLC is $204.05 billion. The firm's AUM has grown by 55% since the beginning of its operation, and $6.42 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $200.54 billion in discretionary accounts and $3.51 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $968.78 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.51 billion.

Investments

The firm invests in government bonds the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nisa Investment Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Jay Marshall serves?

The firm provides services to insurance companies, charitable organizations, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William Jay Marshall is pension and profit sharing plans with 169 clients and $146.7 billion of assets under management. Among the 11 most similar advisory firms, Nisa Investment Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $183.08 billion for 192 clients. 2% of the firm’s clients are foreign persons or businesses.

Nisa Investment Advisors also advises several private funds.

Careers at Nisa Investment Advisors, LLC

The company employs 270 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 56 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Jay Marshall has been acting as President since 1 Apr 1994. Michael Patrick Vanous joined the executive team most recently as the Director, Equity Portfolio Management.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jess Barry Yawitz Chairman & chief executive officer 1 Apr 1994 Other 1643094
William Jay Marshall President 1 Apr 1994 Other 1618155
Paul Leroy Jones Director, equity portfolio management 1 Jun 1995 Other 2634621
Clarence Robert Krebs Director, client services 1 Jul 2000 Other 1628690
Bella L.F. Sanevich General counsel 1 Feb 2005 Other 4649977
Joseph Anthony Murphy Director, portfolio management 1 Jun 2010 Other 1247030
Marianne Odoherty Chief compliance officer 1 Oct 2011 Other 2527246
Kenneth Lloyd Lester Managing director, portfolio management 1 Oct 2012 Other 1674086
Anthony Randal Pope Managing director, portfolio management 1 Oct 2012 Other 2505824
David Gordon Eichhorn President and head of investment strategies 1 Oct 2012 Other 4554609
Cheryl Leigh Hanson Director, client services 1 Sep 2013 Other 4925497
Daniel Arthur Scholz Director, investment strategies 1 Sep 2013 Other 4709111
Kevin Daniel Schuman Director, client services 1 Sep 2013 Other 4797078
Gregory Jerrold Yess Managing director, client services, chief operating officer 1 Jan 2014 Other 4357379
Matthew David Kaplan Chief risk officer 1 Jan 2015 Other 2904969
Mark Normand Fortier Director, defined contribution product design & implementation 1 Mar 2015 Other 1742838
Gregory William Johnson Director, client services 1 Sep 2015 Other 4701188
Llc Nisa Parent company 1 Apr 2016 75% - 100% 81-2136939
William Patrick Marshall Director, dc product strategy and implementation 1 May 2016 Other 3193413
Biswajit Bhattacharya Director, fixed income 1 Sep 2016 Other 5043968
Richard Robert Ratkowski Director, investment strategies 1 Sep 2016 Other 5906294
Carl Richard Kuebler Director, derivatives 1 Sep 2016 Other 4701663
John Sook Choe Director, derivatives 1 Sep 2016 Other 5042060
Aaron Mathew Johnson Director, fixed income 1 Sep 2016 Other 5331273
Michael Patrick Vanous Director, equity portfolio management 1 Jan 2017 Other 1786703

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Parkridge Controlling member 1 Apr 2016 50% - 75% 43-1841882
Jess Barry Yawitz Controlling manager 1 Apr 2016 Other 1643094
Inc. Marshall Holdings Controlling member 1 Apr 2016 25% - 50% 43-1841882
William Jay Marshall Controlling manager 1 Apr 2016 Other 1618155

Based in St. Louis

The principal office where Nisa Investment Advisors, LLC performs its advisory services is located at 101 South Hanley Road Suite 1700, St. Louis, MO 63105 3787, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-721-1900 or by fax 314-721-3041. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at nisa.com.