NISA Investment Advisors explained

NISA Investment Advisors, LLC
Type:Private
Industry:Investment management
Predecessor:National Investment Services of America
Founders:Jess Yawitz
Bill Marshall
Hq Location City:Clayton, Missouri, U.S.
Key People:David Eichhorn (CEO)
Aum:US$526 billion (December 31, 2023)
Num Employees:390 (December 31, 2023)
Footnotes:[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. Jess Yawitz and Bill Marshall who were employees there founded one of the three separate entities, NISA Investment Advisors.[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. When the firm started it had 20 employees and had $3.9 billion in AUM. Originally NISA remained in Milwaukee but later moved to Clayton.

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

NISA is 100% employee-owned.

Notes and References

  1. Web site: Form ADV . SEC . January 7, 2023 . January 7, 2023 . https://web.archive.org/web/20230107030622/https://reports.adviserinfo.sec.gov/reports/ADV/107313/PDF/107313.pdf . live .
  2. Web site: April 12, 2021 . Alice & Jess Yawitz Family . January 7, 2023 . Gephardt Institute for Civic and Community Engagement . en-US . January 7, 2023 . https://web.archive.org/web/20230107031754/https://gephardtinstitute.wustl.edu/people/alice-jess-yawitz-family/ . live .
  3. Web site: December 13, 2006 . MILWAUKEE FIRM BREAKS ITSELF UP FOR SUCCESSION . January 7, 2023 . Pensions & Investments . en . January 7, 2023 . https://web.archive.org/web/20230107031754/https://www.pionline.com/article/19940321/PRINT/403210814/milwaukee-firm-breaks-itself-up-for-succession . live .
  4. Web site: Merrilees . Annika . Clayton investment firm quietly managing $380 billion . January 7, 2023 . STLtoday.com . March 2, 2020 . en . January 7, 2023 . https://web.archive.org/web/20230107034210/https://www.stltoday.com/business/local/clayton-investment-firm-quietly-managing-380-billion/article_e80b2b90-7f7c-5421-80d5-96dd6cae75bc.html . live .
  5. Web site: Kirn . Jacob . November 22, 2017 . NISA founders to sell stakes in investment manager . January 7, 2023 . www.bizjournals.com . November 15, 2023 . https://web.archive.org/web/20231115055411/https://www.bizjournals.com/stlouis/news/2017/11/21/nisa-founders-to-sell-stakes-in-investment-manager.html . live .
  6. Web site: With LDI to the Fore, It's NISA Time Chief Investment Officer . January 7, 2023 . www.ai-cio.com . January 7, 2023 . https://web.archive.org/web/20230107034212/https://www.ai-cio.com/news/with-ldi-to-the-fore-its-nisa-time/ . live .
  7. Web site: The Traditional Active Manager That's Raking in Assets . January 7, 2023 . Institutional Investor . June 7, 2019 . en-gb . January 7, 2023 . https://web.archive.org/web/20230107041217/https://www.institutionalinvestor.com/article/b1fr9b3mq37lcr/The-Traditional-Active-Manager-That-s-Raking-in-Assets . live .
  8. Web site: October 12, 2021 . NISA Investment Advisors co-founder and chairman to retire . January 7, 2023 . Pensions & Investments . en . January 7, 2023 . https://web.archive.org/web/20230107034220/https://www.pionline.com/money-management/nisa-investment-advisors-co-founder-and-chairman-retire . live .

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