DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Nomura Investment Management Business Trust

Asset manager (funds and pooled vehicles)Philadelphia, PennsylvaniaCRD 105390SEC 801-32108websiteIAPD
Latest filing Sep 16, 2026
First filing on the tape Mar 30, 2012 · 44 filings
SEC status approved since May 31, 1988
RAUM
$144B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.5%
$2.1B individuals and HNW
Advisors
52
registered through the firm on IAPD
RAUM per advisor
$2.8B
derived; firm RAUM over IAPD count
Employees
778
219 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$144B as of Jul 29, 2026
Jun 28, 2012$169B then
HNW client RAUM$1.4B as of Jul 29, 2026
Jun 29, 2018$6.3B then
State-registered IARs (5.B.3)53 as of Jul 29, 2026
Jun 18, 201365 then
Employees (5.A)778 as of Jul 29, 2026
Jun 18, 2013500 then
Private funds2 as of Jul 29, 2026
Jun 28, 20121 then
RAUM -25% over the last fiscal year-15% a year over threeIARs 72 to 53
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$2.8BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
1derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$56.1MderivedHNW RAUM over HNW clients
Average account
$497MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
28%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
15.0derivedItem 5.A over advisors
Advisors per office
8.7derived6 offices incl. principal (1.F.5)
RAUM growth, one year
-14%derivedbetween the last two annual amendments
Advisor growth, one year
-29%derivedItem 5.B.3 between annual amendments
Client growth, one year
-11%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$92B64%
  • Insurance companies$35B24%
  • Pooled investment vehicles$5.0B3.4%
  • Corporations and businesses$4.4B3.0%
  • State and municipal entities$3.4B2.4%
  • Pension and profit-sharing plans$1.5B1.1%
  • High-net-worth individuals$1.4B1.0%
  • Sovereign wealth funds$1.0B0.7%
  • Individuals$715M0.5%
Individual clients
7reported
HNW clients
25reported
Pension plan clients
14reported
Charitable clients
0reported
Accounts
290reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $1.6B managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.01 fund_share=0.67 institutional_share=0.28 related_bd=true related_bank=true bd_reps=145.0 bank_owner=falsederived
Advisors registered through the firm
52 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Christopher Steven GautierFrisco, Tx Feb 23, 201811 y2
Alison B SimpsonMoorestown, Nj Apr 20, 202025 y4
Samuel Nicholas GiordanoClarksboro, Nj Apr 20, 202020 y2
Zachary A. PerPhiladelphia, PaApr 20, 202017 y2
Christopher C GarvinPhiladelphia, PaApr 20, 202019 y3
Joseph M. HurchikPhiladelphia, PaApr 20, 202023 y4
John A DigirolamoOreland, Pa Apr 20, 202018 y3
Bill F. RoachWallingford, Pa Apr 20, 202016 y3
Garrett S GogginPleasanton, Ca Apr 20, 202033 y1
Matt R CowellPhiladelphia, Pa Apr 20, 202012 y2
John Robert LoganExton, Pa Apr 20, 202029 y2
Charles John PaviolitisSt Petersberg, Fl Apr 20, 202029 y2
Herb W ZimmermanRoswell, Ga Apr 20, 202029 y2
David Joseph FioritaPhiladelphia, Pa Apr 20, 202029 y2
James W FoxGladwyne, Pa Apr 20, 202023 y1
Gregrey James ThomasPhiladelphia, Pa Apr 20, 202026 y3
Sarah E SchiavoniPhiladelphia, Pa Apr 20, 202026 y3
Marc F DippolitoPhiladelphia, Pa Apr 20, 202019 y1
David J ChorbaCharleston, Sc Apr 20, 202024 y2
Jamie L. WhiteWayne, Pa Apr 20, 202014 y2
Milissa A HutchinsonPhiladelphia, Pa Apr 20, 202015 y3
Kate A MastalerzPhiladelphia, Pa Apr 20, 202012 y2
Michael C. SimonsPhiladelphia, PaApr 20, 202019 y1
Matthew Todd CheneyOlathe, Ks May 4, 202129 y1
Joseph Tyler CinottoIssaquah, Wa May 4, 202114 y2
Mason Lee PaulusLee'S Summit, Mo Jun 24, 202118 y2
Olivia T. BakunasGreen Village, Nj Jan 14, 202211 y1
Lindsey Cain BulgerPhiladelphia, PaSep 26, 202217 y2
Luke H D'AlessandroHouston, Tx Oct 18, 202215 y0
Ethan R KaighnPhiladelphia, Pa Jan 30, 202312 y0
Alexander R. FreudPhiladelphia, Pa Jan 30, 202310 y0
Aj HelgersonOrono, Mn Feb 22, 202321 y6
Andrew Ford TomsonPhiladelphia, Pa Feb 23, 202319 y3
Oliver Michael BrownPhiladelphia, Pa Feb 24, 202310 y0
David E TierneyPhiladelphia, Pa Mar 15, 202312 y0
Brett Howard SchryerNolensville, Tn Jun 8, 202313 y0
Gabrielle M MongnoPhiladelphia, Pa Aug 14, 202311 y0
Eugene James EignorChartered Financial ConsultantPhiladelphia, Pa Oct 23, 202428 y1
Mark M BourdinPhiladelphia, Pa May 7, 202511 y0
Peter David DriscollAnnapolis, Md Jun 18, 202528 y1
All 52 advisors at Nomura Investment Management Business Trust
Advisor movement
2 left, 3 joined in 12 months
net +1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 3.8% of current headcount15 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    13 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Delaware Structured Credit Opportunity Fund, LPno longer reportedOther Private Fund$143M2Mar 30, 2012
    Macquarie Emerging Markets Small Cap Fund, LLCHedge Fund$113M3Jun 29, 2022
    Macquarie Absolute Return Mbs Fundno longer reportedOther Private Fund$60.6M1Jun 22, 2017
    Macquarie Energy Solutions Fund, LLCHedge Fund$52.7M334Sep 20, 2024
    Waddell & Reed Small Company Growth Fund, LLCHedge Fund$47.2M7Mar 30, 2012
    Macquarie Multi-Cap Growth Fund, LPHedge Fund$31.4M6Mar 30, 2012
    Delaware Enhanced High Yield Municipal LLCHedge Fund$27.4M1Jun 29, 2023
    Macquarie International Small Cap Equity Fund, LLCHedge Fund$26.3M2Jun 28, 2019
    Macquarie Emerging Markets Debt Select Opportunities Master Fund, Ltd.Hedge Fund$18.1M2Jun 29, 2022
    Macquarie Small Cap Growth Fund, LPno longer reportedHedge Fund$17.8M9Mar 30, 2012
    Fh Emerging Markets Short Term Debt Master Fund, L.P.no longer reportedHedge Fund$17.7M2Jun 18, 2013
    Macquarie Absolute Return Mbs Fund, LPno longer reportedOther Private Fund$10.6M2Jan 4, 2013
    Macquarie Absolute Return Real Estate Fund (Master), Ltd.no longer reportedHedge Fund$642,9162Jun 30, 2014
    Owners and control persons
    Schedule A and B, latest filing
    • Forrester David Connor · Svp/General Counsel, Secretary/Trusteecontrol
      since 05/2015 · owns less than 5%
    • Keith Shawn Lytle · Chief Executive Officer, President/ Trusteecontrol
      since 06/2015 · owns less than 5%
    • Richard Salus · Svp Global Head Of Fund Administrationcontrol
      since 01/1998 · owns less than 5%
    • Peter Robert Wolfangel · Trusteecontrol
      since 03/2023 · owns less than 5%
    • Joel Martin Wolin · Chief Compliance Officercontrol
      since 01/2024 · owns less than 5%
    • Francis Michael Capuzzi · U.S. Chief Operations Officer
      since 06/2018 · owns less than 5%
    • Stephen Hoban · Chief Financial Officer
      since 09/2020 · owns less than 5%
    Entity owners
    • Delaware Investments Management Company, LLC. · Corporate Parent Of Registrant
      direct · owns 75% or more
    • Macquarie Affiliated Managers (USA) Inc. · Parent
      indirect · owns 75% or more of Macquarie Management Holdings, Inc.
    • Macquarie Affiliated Managers Holdings (USA) Inc. · Parent
      indirect · owns 75% or more of Macquarie Affiliated Managers (USA) Inc.
    • Macquarie Asset Management Holdings Pty Limited · Parent
      indirect · owns 75% or more of Macquarie Asset Management US Holdings Pty Limited
    • Macquarie Asset Management US Holdings Pty Limited · Parent
      indirect · owns 75% or more of Macquarie Fg Holdings Inc.
    • Macquarie Fg Holdings Inc. · Parent
      indirect · owns 75% or more of Macquarie Affiliated Managers Holdings (USA) Inc.
    • Macquarie Group Limited · Parent
      indirect · owns 75% or more of Macquarie Asset Management Holdings Pty Limited
    • Macquarie Management Holdings, Inc. · Parent
      indirect · owns 75% or more of Delaware Investments Management Company, LLC.
    Related persons
    Schedule D 7.A
    Advisers that list Nomura Investment Management Business Trust as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Philadelphia, Pa · principal52111
    New York, Ny310
    Wayne, Pa210
    Highlands Ranch, Co000
    Lafayette, La000
    Doylestown, Pa000
    Oxford, Mi000
    Fort Washington, Ny001
    Offices
    Schedule D 1.F, the 25 largest
    • Overland Park, KS33 employees
    • New York, NY23 employees
    • Chicago, IL8 employees
    • San Diego, CA8 employees
    • Boston, MA5 employees
    What changed
    consecutive filings, newest first
    • Financial planning clients · to unset
      Jul 29, 2026 to Sep 16, 2026
    • Private funds · 2 to unset
      Jul 29, 2026 to Sep 16, 2026
    • Succession · false to unset
      Jul 29, 2026 to Sep 16, 2026
    • State-registered IARs · 86 to 53
      Jun 29, 2026 to Jul 29, 2026
    • Accounts · 317 to 290
      Jan 14, 2026 to Jun 29, 2026
    • Advisory employees · 157 to 219
      Jan 14, 2026 to Jun 29, 2026
    • BD registered reps · 217 to 145
      Jan 14, 2026 to Jun 29, 2026
    • Corporate clients · 49 to 45
      Jan 14, 2026 to Jun 29, 2026
    • HNW clients · 26 to 25
      Jan 14, 2026 to Jun 29, 2026
    • Individual clients · 8 to 7
      Jan 14, 2026 to Jun 29, 2026
    • Pooled vehicle clients · 53 to 51
      Jan 14, 2026 to Jun 29, 2026
    • Employees · 598 to 778
      Jan 14, 2026 to Jun 29, 2026
    • State-registered IARs · 51 to 86
      Jan 14, 2026 to Jun 29, 2026
    • Other offices · 4 to 5
      Jan 14, 2026 to Jun 29, 2026
    • Private funds · 3 to 2
      Jan 14, 2026 to Jun 29, 2026
    • Discretionary RAUM · $164B to $144B
      Jan 14, 2026 to Jun 29, 2026
    • HNW RAUM · $1.5B to $1.4B
      Jan 14, 2026 to Jun 29, 2026
    • Individual RAUM · $1.3B to $715M
      Jan 14, 2026 to Jun 29, 2026
    • Pension RAUM · $1.4B to $1.5B
      Jan 14, 2026 to Jun 29, 2026
    • Pooled vehicle RAUM · $5.0B to $5.0B
      Jan 14, 2026 to Jun 29, 2026
    • RAUM · $164B to $144B
      Jan 14, 2026 to Jun 29, 2026
    • Wrap assets (manager) · $1.4B to $1.6B
      Jan 14, 2026 to Jun 29, 2026
    • Business name · MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST to NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST
      Jun 27, 2025 to Dec 22, 2025
    • Legal name · MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST to NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST
      Jun 27, 2025 to Dec 22, 2025
    • Private funds · 4 to 3
      Jun 27, 2025 to Dec 22, 2025
    • Accounts · 377 to 317
      Sep 20, 2024 to Jun 27, 2025
    • Advisory employees · 168 to 157
      Sep 20, 2024 to Jun 27, 2025
    • BD registered reps · 220 to 217
      Sep 20, 2024 to Jun 27, 2025
    • Corporate clients · 53 to 49
      Sep 20, 2024 to Jun 27, 2025
    • HNW clients · 29 to 26
      Sep 20, 2024 to Jun 27, 2025
    • Individual clients · 9 to 8
      Sep 20, 2024 to Jun 27, 2025
    • Pension plan clients · 27 to 14
      Sep 20, 2024 to Jun 27, 2025
    • Pooled vehicle clients · 60 to 53
      Sep 20, 2024 to Jun 27, 2025
    • Employees · 657 to 598
      Sep 20, 2024 to Jun 27, 2025
    • Financial planning clients · unset to
      Sep 20, 2024 to Jun 27, 2025
    • State-registered IARs · 72 to 51
      Sep 20, 2024 to Jun 27, 2025
    • Other offices · 5 to 4
      Sep 20, 2024 to Jun 27, 2025
    • Discretionary RAUM · $191B to $164B
      Sep 20, 2024 to Jun 27, 2025
    • HNW RAUM · $2.7B to $1.5B
      Sep 20, 2024 to Jun 27, 2025
    • Individual RAUM · $1.5B to $1.3B
      Sep 20, 2024 to Jun 27, 2025
    Signals
    35 dated events
    • Nomura Investment Management Business Trust reported 53 state-registered advisory representatives, down from 86 (2026-06-29 to 2026-07-29)
      Jul 29, 2026 · Advisor headcount change · derived
    • James Murphy Brown left Nomura Investment Management Business Trust for Victory Capital Management Inc. (registered 2026-07-22)
      Jul 16, 2026 · Advisor changed firm · fact
    • Nomura Investment Management Business Trust reported 86 state-registered advisory representatives, up from 51 (2026-01-14 to 2026-06-29)
      Jun 29, 2026 · Advisor headcount change · derived
    • Timothy Todd Katusha left Nomura Investment Management Business Trust for Lpl Financial Llc (registered 2026-03-16)
      Mar 17, 2026 · Advisor changed firm · fact
    • Zachary Khoi-Minh Pyers left Nomura Investment Management Business Trust for Vanguard Advisers, Inc. (registered 2026-03-12)
      Aug 6, 2025 · Advisor changed firm · fact
    • Nomura Investment Management Business Trust reported 51 state-registered advisory representatives, down from 72 (2024-09-20 to 2025-06-27)
      Jun 27, 2025 · Advisor headcount change · derived
    • Neal Blaine Guidry left Nomura Investment Management Business Trust for Blackrock Investment Management, Llc (registered 2025-06-23)
      Jun 10, 2025 · Advisor changed firm · fact
    • Daniel James Magill left Nomura Investment Management Business Trust for Wells Fargo Advisors (registered 2026-03-18)
      Jun 10, 2025 · Advisor changed firm · fact
    • Andrew Koltunowicz left Nomura Investment Management Business Trust for Paradigm Investment Advisory, Llc (registered 2025-12-03)
      Jan 2, 2025 · Advisor changed firm · fact
    • Anthony Michael Philips left Nomura Investment Management Business Trust for Percent Advisors Llc (registered 2026-06-26)
      Dec 3, 2024 · Advisor changed firm · fact
    • Mathew Vetter left Nomura Investment Management Business Trust for Edward Jones (registered 2025-02-10)
      Dec 3, 2024 · Advisor changed firm · fact
    • Marcus Paul Anderson left Nomura Investment Management Business Trust for Voya Investment Management Co. Llc (registered 2025-05-06)
      Nov 21, 2024 · Advisor changed firm · fact
    • Dennis Alan Macdonald left Nomura Investment Management Business Trust for Advisors Asset Management, Inc. (registered 2024-12-04)
      Oct 31, 2024 · Advisor changed firm · fact
    • Jaclyn Rose Gantz left Nomura Investment Management Business Trust for Amg Funds Llc (registered 2025-07-08)
      Oct 23, 2024 · Advisor changed firm · fact
    • Andrews Dadeboe left Nomura Investment Management Business Trust for Strategic Advisers Llc (registered 2025-05-07)
      Sep 4, 2024 · Advisor changed firm · fact
    • Mark A Endres left Nomura Investment Management Business Trust for T. Rowe Price Associates, Inc. (registered 2024-08-30)
      May 9, 2024 · Advisor changed firm · fact
    • Joel Martin Wolin (Chief Compliance Officer) appeared on Schedule A of Nomura Investment Management Business Trust
      Feb 6, 2024 · Control person joined · fact
    • Henry William Speacht (Chief Compliance Officer) no longer on Schedule A of Nomura Investment Management Business Trust (listed 2023-11-15, absent 2024-02-06)
      Feb 6, 2024 · Control person left · inference
    • Norina R Vittese left Nomura Investment Management Business Trust for Radcliffe Capital Management, L.P. (registered 2023-11-07)
      Oct 13, 2023 · Advisor changed firm · fact
    • John Henry O'Brien left Nomura Investment Management Business Trust for Alliancebernstein L.P. (registered 2023-11-13)
      Sep 21, 2023 · Advisor changed firm · fact
    • Marilyn Muzyk left Nomura Investment Management Business Trust for Blackrock Investment Management, Llc (registered 2023-09-18)
      Sep 13, 2023 · Advisor changed firm · fact
    • Henry William Speacht (Chief Compliance Officer) appeared on Schedule A of Nomura Investment Management Business Trust
      Apr 27, 2023 · Control person joined · fact
    • Lawrence Brian Murray (Svp/Global Chief Compliance Officer) no longer on Schedule A of Nomura Investment Management Business Trust (listed 2023-03-07, absent 2023-04-27)
      Apr 27, 2023 · Control person left · inference
    • Peter Robert Wolfangel (Trustee) appeared on Schedule A of Nomura Investment Management Business Trust
      Mar 7, 2023 · Control person joined · fact
    • Aj Helgerson left Nomura Investment Management Business Trust for Hartford Funds (registered 2022-10-06)
      Oct 6, 2022 · Advisor changed firm · fact
    • Andrew Ford Tomson left Nomura Investment Management Business Trust for Thornburg Investment Management Inc (registered 2022-11-30)
      Sep 21, 2022 · Advisor changed firm · fact
    • Ryan Perri left Nomura Investment Management Business Trust for Neuberger Berman Bd Llc (registered 2025-09-23)
      Sep 14, 2022 · Advisor changed firm · fact
    • Matthew Gaiser left Nomura Investment Management Business Trust for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2022-10-12)
      Aug 4, 2022 · Advisor changed firm · fact
    • Ross Adam Rutman left Nomura Investment Management Business Trust for Pgim Investments Llc (registered 2022-07-25)
      Jul 20, 2022 · Advisor changed firm · fact
    • Nomura Investment Management Business Trust reported RAUM $236.0B, up 32% from $178.5B (2021-06-28 to 2022-06-29)
      Jun 29, 2022 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Firm profile
    linkedin.com/company/nomura-assetmanagementreportedpublic record, Form ADV, Sep 17, 2026
    Website
    nomuraassetmanagement.comreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    215-531-6700reportedpublic record, Form ADV, Sep 16, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
    RAUM per advisor
    $2.8Bderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026