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.

Former SEC-registered adviser

Nwq Investment Management Company, LLC

Former SEC-registered adviserLos Angeles, CaliforniaCRD 121876SEC 801-61379IAPD
Latest filing Nov 11, 2021
First filing on the tape Mar 30, 2012 · 30 filings
RAUM
$9.6B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.5%
$50.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
35
21 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$9.6B as of Mar 31, 2021
Mar 30, 2012$17B then
HNW client RAUM$50.5M as of Mar 31, 2021
Mar 6, 2018$64.0M then
State-registered IARs (5.B.3)5 as of Mar 31, 2021
Mar 28, 20139 then
Employees (5.A)35 as of Mar 31, 2021
Mar 28, 201347 then
Private funds2 as of Mar 28, 2013
Mar 30, 20122 then
RAUM -5.5% over the last fiscal year-0.2% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Nov 11, 2021; every figure names its basis
RAUM per advisor
$1.9BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
3derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.4MderivedHNW RAUM over HNW clients
Average account
$5.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
17%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
7.0derivedItem 5.A over advisors
Advisors per office
1.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-5.5%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, 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 companiesreportedItem 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$4.2B47%
  • Pooled investment vehicles$2.7B30%
  • Pension and profit-sharing plans$1.3B15%
  • Corporations and businesses$354M4.0%
  • Insurance companies$199M2.2%
  • High-net-worth individuals$50.5M0.6%
  • State and municipal entities$50.0M0.6%
  • Charitable organizations$8.1M0.1%
Individual clients
0reported
HNW clients
15reported
Pension plan clients
18reported
Charitable clients
n/areported
Accounts
1,925reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $645M managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
Every departureEvery arrival
Private funds
2 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Nwq Energy Crossover Master Fund Limitedno longer reportedHedge Fund$6.9M16Mar 30, 2012
Nwq Concentrated Master Fund Limitedno longer reportedHedge Fund$2.9M2Mar 30, 2012
Owners and control persons
Schedule A and B, latest filing
  • Daniel Jon Bosse · Co-Head Of Nwq, Chief Investment Officercontrol
    since 04/2019 · owns less than 5%
  • C. Mary Ann Iudice · Managing Director, Chief Compliance Officercontrol
    since 05/2018 · owns less than 5%
  • Joseph Thomas Lavia · Co-Head Of Nwq, Head Of Researchcontrol
    since 04/2019 · owns less than 5%
  • Mark Avi Mizrachi · Senior Managing Director, General Counselcontrol
    since 07/2010 · owns less than 5%
Entity owners
  • Nwq Partners, LLC · Managing Member
    direct · owns 75% or more
  • Nuveen Finance, LLC · Shareholder
    indirect · owns 75% or more of Nuveen Holdings 1, Inc.
  • Nuveen Holdings 1, Inc. · Shareholder
    indirect · owns 75% or more of Nuveen Holdings, Inc.
  • Nuveen Holdings, Inc. · Shareholder
    indirect · owns 75% or more of Nuveen Investments, Inc.
  • Nuveen Investments, Inc. · Managing Member
    indirect · owns 75% or more of Nuveen Nwq Holdings, LLC
  • Nuveen Nwq Holdings, LLC · Managing Member
    indirect · owns 75% or more of Nwq Partners, LLC
  • Nuveen, LLC · Member
    indirect · owns 75% or more of Nuveen Finance, LLC
  • Teachers Insurance And Annuity Association Of America · Member
    indirect · owns 75% or more of Nuveen, LLC
  • Tiaa Board Of Overseers · Shareholder
    indirect · owns 75% or more of Teachers Insurance And Annuity Association Of America
Related persons
Schedule D 7.A
Advisers that list Nwq Investment Management Company, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
  • Minneapolis, MN1 employees
  • Tokyo, Japan1 employees
What changed
consecutive filings, newest first
  • Accounts · 2,578 to 1,925
    Jun 17, 2020 to Mar 31, 2021
  • Advisory employees · 22 to 21
    Jun 17, 2020 to Mar 31, 2021
  • BD registered reps · 4 to 3
    Jun 17, 2020 to Mar 31, 2021
  • Corporate clients · 8 to 6
    Jun 17, 2020 to Mar 31, 2021
  • HNW clients · 16 to 15
    Jun 17, 2020 to Mar 31, 2021
  • Individual clients · unset to 0.0
    Jun 17, 2020 to Mar 31, 2021
  • Pension plan clients · 31 to 18
    Jun 17, 2020 to Mar 31, 2021
  • Pooled vehicle clients · 8 to 6
    Jun 17, 2020 to Mar 31, 2021
  • Employees · 43 to 35
    Jun 17, 2020 to Mar 31, 2021
  • Discretionary RAUM · $10B to $9.6B
    Jun 17, 2020 to Mar 31, 2021
  • HNW RAUM · $55.3M to $50.5M
    Jun 17, 2020 to Mar 31, 2021
  • Pension RAUM · $1.4B to $1.3B
    Jun 17, 2020 to Mar 31, 2021
  • Pooled vehicle RAUM · $2.5B to $2.7B
    Jun 17, 2020 to Mar 31, 2021
  • RAUM · $10B to $9.6B
    Jun 17, 2020 to Mar 31, 2021
  • Wrap assets (manager) · $856M to $645M
    Jun 17, 2020 to Mar 31, 2021
  • Accounts · 3,012 to 2,578
    Sep 12, 2019 to Mar 30, 2020
  • Advisory employees · 23 to 22
    Sep 12, 2019 to Mar 30, 2020
  • BD registered reps · 6 to 4
    Sep 12, 2019 to Mar 30, 2020
  • Corporate clients · 13 to 8
    Sep 12, 2019 to Mar 30, 2020
  • HNW clients · 18 to 16
    Sep 12, 2019 to Mar 30, 2020
  • Pension plan clients · 41 to 31
    Sep 12, 2019 to Mar 30, 2020
  • Pooled vehicle clients · 7 to 8
    Sep 12, 2019 to Mar 30, 2020
  • Employees · 40 to 43
    Sep 12, 2019 to Mar 30, 2020
  • State-registered IARs · 8 to 5
    Sep 12, 2019 to Mar 30, 2020
  • Other offices · 1 to 2
    Sep 12, 2019 to Mar 30, 2020
  • Discretionary RAUM · $7.6B to $10B
    Sep 12, 2019 to Mar 30, 2020
  • HNW RAUM · $52.1M to $55.3M
    Sep 12, 2019 to Mar 30, 2020
  • Individual RAUM · $228,752 to $0
    Sep 12, 2019 to Mar 30, 2020
  • Pension RAUM · $1.5B to $1.4B
    Sep 12, 2019 to Mar 30, 2020
  • Pooled vehicle RAUM · $746M to $2.5B
    Sep 12, 2019 to Mar 30, 2020
  • RAUM · $7.6B to $10B
    Sep 12, 2019 to Mar 30, 2020
  • Wrap assets (manager) · $820M to $856M
    Sep 12, 2019 to Mar 30, 2020
  • Other offices · 2 to 1
    Apr 22, 2019 to Jul 22, 2019
  • Accounts · 3,545 to 3,012
    Sep 13, 2018 to Mar 29, 2019
  • Advisory employees · 24 to 23
    Sep 13, 2018 to Mar 29, 2019
  • BD registered reps · 5 to 6
    Sep 13, 2018 to Mar 29, 2019
  • Charity clients · 5.0 to unset
    Sep 13, 2018 to Mar 29, 2019
  • Corporate clients · 11 to 13
    Sep 13, 2018 to Mar 29, 2019
  • HNW clients · 20 to 18
    Sep 13, 2018 to Mar 29, 2019
  • Pension plan clients · 58 to 41
    Sep 13, 2018 to Mar 29, 2019
Signals
4 dated events
  • Nwq Investment Management Company, Llc reported RAUM $10.1B, up 33% from $7.6B (2019-09-12 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
  • Odell Craig Bailey (Executive Vice President) no longer on Schedule A of Nwq Investment Management Company, Llc (listed 2019-07-22, absent 2019-09-12)
    Sep 12, 2019 · Control person left · inference
  • Thomas Ray (Managing Director) no longer on Schedule A of Nwq Investment Management Company, Llc (listed 2019-07-22, absent 2019-09-12)
    Sep 12, 2019 · Control person left · inference
  • Gregory Phyllis Thomas (Senior Managing Director) no longer on Schedule A of Nwq Investment Management Company, Llc (listed 2019-04-22, absent 2019-07-22)
    Jul 22, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026