NISA Investment Advisors

NISA Investment Advisors, LLC
Company typePrivate
IndustryInvestment management
PredecessorNational Investment Services of America
Founded1994; 30 years ago (1994)
FoundersJess Yawitz
Bill Marshall
Headquarters
Clayton, Missouri, U.S.
Key people
David Eichhorn (CEO)
AUMUS$526 billion (December 31, 2023)
Number of employees
390 (December 31, 2023)
Websitewww.nisa.com
Footnotes / references
[1]

NISA Investment Advisors (NISA) is an American asset management firm headquartered in Clayton, Missouri. Despite the large size of its assets under management (AUM), the firm maintains a low profile.

History

The predecessor of NISA was National Investment Services of America, an investment management firm based in Milwaukee, Wisconsin.[2][3][4][5][6] In 1994, National Investment Services of America split up into three separate entities.[3][4][6] Jess Yawitz and Bill Marshall who were employees there founded one of the three separate entities, NISA Investment Advisors.[2][3][4][5][6][7][8] Prior to this both of them were faculty members of Olin Business School at Washington University in St. Louis who then moved to New York City to work at Goldman Sachs.[2][4][5][6] When the firm started it had 20 employees and had $3.9 billion in AUM.[4] Originally NISA remained in Milwaukee but later moved to Clayton.[4][6]

In 2017, Marshall and Yawitz sold their ownership stakes in the firm to senior management.[5] Marshall and Yawitz retired from their roles of managing the firm in 2018 and at the end of 2021 respectively.[7][8] David Eichhorn who was with firm since 1999, was selected to succeed them as CEO of the firm.[6][7][8]

NISA is 100% employee-owned.[4][6][7]

References

  1. ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on January 7, 2023. Retrieved January 7, 2023.
  2. ^ a b c "Alice & Jess Yawitz Family". Gephardt Institute for Civic and Community Engagement. April 12, 2021. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  3. ^ a b c "MILWAUKEE FIRM BREAKS ITSELF UP FOR SUCCESSION". Pensions & Investments. December 13, 2006. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  4. ^ a b c d e f g Merrilees, Annika (March 2, 2020). "Clayton investment firm quietly managing $380 billion". STLtoday.com. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  5. ^ a b c d Kirn, Jacob (November 22, 2017). "NISA founders to sell stakes in investment manager". www.bizjournals.com. Archived from the original on November 15, 2023. Retrieved January 7, 2023.
  6. ^ a b c d e f g "With LDI to the Fore, It's NISA Time | Chief Investment Officer". www.ai-cio.com. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  7. ^ a b c d "The Traditional Active Manager That's Raking in Assets". Institutional Investor. June 7, 2019. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
  8. ^ a b c "NISA Investment Advisors co-founder and chairman to retire". Pensions & Investments. October 12, 2021. Archived from the original on January 7, 2023. Retrieved January 7, 2023.