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
National Investment Services Of America, LLC
Latest filing May 1, 2026
First filing on the tape Jan 28, 2020 · 14 filings
SEC status approved since Feb 26, 2020
RAUM
$16B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.2%
$33.0M individuals and HNW
Advisors
13
registered through the firm on IAPD
RAUM per advisor
$1.3B
derived; firm RAUM over IAPD count
Employees
38
16 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
12
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$16B as of May 1, 2026
Feb 1, 2021$9.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)13 as of May 1, 2026
Feb 1, 202112 then
Employees (5.A)38 as of May 1, 2026
Feb 1, 202136 then
Private funds12 as of May 1, 2026
Feb 1, 202111 then
RAUM +26% over the last fiscal year+27% a year over threeIARs 13 to 13
Practice profile
derived from the filing of May 1, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- $1.3BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $45.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 92%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.9derivedItem 5.A over advisors
- Advisors per office
- 6.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +26%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
- Custody
- $7.7B, 12 clientsreportedItem 9.A
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$13B81%
- State and municipal entities$1.3B8.0%
- Charitable organizations$657M4.1%
- Corporations and businesses$589M3.7%
- Pooled investment vehicles$409M2.6%
- Individuals$33.0M0.2%
- Investment companies$8.7M0.1%
- Individual clients
- 10reported
- HNW clients
- n/areported
- Pension plan clients
- 263reported
- Charitable clients
- 35reported
- Accounts
- 360reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $7.7B for 12 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.03 institutional_share=0.92 related_bd=true related_bank=true bd_reps=0.0derived
Advisors registered through the firm
13 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Lesly Merriken Barnes | Milwaukee, Wi | Feb 28, 2020 | 19 y | 1 |
| Barbara Ann SchallaChartered Financial Analyst | Milwaukee, Wi | Mar 2, 2020 | 32 y | 1 |
| Mark Robert AndersonChartered Financial Analyst | Milwaukee, Wi | Mar 2, 2020 | 26 y | 1 |
| Vincent Steven RussoChartered Financial Analyst | Milwaukee, Wi | Mar 2, 2020 | 33 y | 3 |
| James Simpson KaplanChartered Financial Analyst | Milwaukee, Wi | Mar 2, 2020 | 39 y | 1 |
| Stefan Martin | Milwaukee, Wi | Mar 2, 2020 | 18 y | 1 |
| Thomas Morrison PriceChartered Financial Analyst | Milwaukee, Wi | Sep 24, 2020 | 28 y | 2 |
| Stephen Joseph Smitley | Milwaukee, Wi | Aug 16, 2021 | 17 y | 0 |
| Jenny Ann Notte | Chicago, Il | Jan 27, 2022 | 22 y | 2 |
| Jay Thomas Dirienzo | Milwaukee, Wi | Apr 10, 2022 | 11 y | 0 |
| Kyle Robert Olson | Milwaukee, Wi | Oct 2, 2023 | 10 y | 0 |
| Vasilios D Gerasopoulos | Milwaukee, Wi | Aug 20, 2024 | 10 y | 1 |
| Jason Christopher BerrieChartered Financial Analyst | Milwaukee, Wi | Jan 1, 2025 | 23 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Tyler James Pullen to Pullen Investment ManagementDec 31, 2020 · Other
Joined, latest
- Vasilios D Gerasopoulos from Davidson Fixed Income Management, Inc.Aug 20, 2024 · Other
- Jenny Ann Notte from Great Lakes Advisors, LLCJan 27, 2022 · Other
- Thomas Morrison Price from Allspring Global Investments, LLCSep 24, 2020 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 7 joined from National Investment Services, IncFeb 28, 2020 · Milwaukee, Wi · Firm absorbed
Private funds
12 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Nis Core Fixed Income Qp Fund, LLC | Other Private Fund | $1.2B | 26 | Mar 29, 2018 |
| Nis Core Fixed Income Fund, LLC | Other Private Fund | $1.2B | 48 | Mar 30, 2012 |
| Nis Intermediate Fixed Income Fund, LLC | Other Private Fund | $1.1B | 57 | Mar 30, 2012 |
| Nis Total Absolute Return Fund, LLC | Hedge Fund | $499M | 87 | Mar 30, 2012 |
| Nis Preferred Stock Fund II, LLC | Hedge Fund | $320M | 55 | Mar 30, 2012 |
| Nis Intermediate Fixed Income Qp Fund, LLC | Other Private Fund | $246M | 16 | Mar 29, 2018 |
| Nis High Yield Fund, LLC | Other Private Fund | $173M | 80 | Mar 30, 2012 |
| Nis High Yield Qp Fund, LLC | Other Private Fund | $109M | 37 | Mar 29, 2018 |
| Nis Total Absoute Return Qp Fund, LLC | Hedge Fund | $87.5M | 30 | Mar 29, 2018 |
| Nis Short Duration High Yield Fund, LLC | Other Private Fund | $47.6M | 4 | Mar 28, 2014 |
| Nis Preferred Stock Qp Fund, LLC | Hedge Fund | $26.5M | 10 | Mar 29, 2018 |
| Nis Small/Mid Cap Value Equity Fund, LLCno longer reported | Other Private Fund | $2.8M | 4 | Mar 29, 2016 |
Owners and control persons
Schedule A and B, latest filing
- Kay Natalie Abbott · Chief Compliance Officercontrolsince 02/2022 · owns less than 5%
- Robert Mark Anderson · Chief Strategy Officercontrolsince 12/2019 · owns less than 5%
- Christopher Jason Berrie · Chief Investment Officer, Directorcontrolsince 10/2020 · owns less than 5%
- Patrick Robert Brooks · Chief Executive Officer, Directorcontrolsince 12/2019 · owns less than 5%
- P John Fremgen · Principal, Managing Partner, Directorcontrolsince 12/2019 · owns less than 5%
- Lynn Rebecca Harris · Directorcontrolsince 04/2022 · owns less than 5%
- Joseph Bartlett Mccartin · Principal, Managing Partner, Directorcontrolsince 12/2019 · owns less than 5%
- Edward Norman Sidler · Principal, Managing Partner, Directorcontrolsince 12/2019 · owns less than 5%
- John Gregory Stumm · Directorcontrolsince 05/2024 · owns less than 5%
- Orile Scott Van Lith · Chief Financial Officercontrolsince 12/2019 · owns less than 5%
Entity owners
- Nis Holding Corporation · Direct Ownerdirect · owns 25% to 50%
- Resolute Investment Managers, Inc. · Direct Ownerdirect · owns 50% to 75%
- Resolute Acquisition, Inc. · Shareholderindirect · owns 75% or more of Resolute Investment Managers, Inc.
- Resolute Topco, Inc. · Shareholderindirect · owns 75% or more of Resolute Acquisition, Inc.
Related persons
Schedule D 7.A
- American Beacon Advisors, Inc.investment adviserbanknRAUM $60B
- American Private Equity Management, LLCpooled vehicle sponsorn
- Resolute Investment Distributors, Inc.broker-dealern
- Rsw Investmentsinvestment advisernRAUM $2.3B
- Shapiro Capital Management LLCinvestment advisernRAUM $2.0B
- Ssi Investment Management LLCinvestment adviserbankpooled vehicle sponsornRAUM $2.6B
Advisers that list National Investment Services Of America, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Milwaukee, Wi · principal | 12 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Chicago, IL7 employees
What changed
consecutive filings, newest first
- Accounts · 342 to 360Jan 26, 2026 to Mar 12, 2026
- Advisory employees · 25 to 16Jan 26, 2026 to Mar 12, 2026
- Charity clients · 44 to 35Jan 26, 2026 to Mar 12, 2026
- Corporate clients · 6 to 8Jan 26, 2026 to Mar 12, 2026
- Individual clients · 12 to 10Jan 26, 2026 to Mar 12, 2026
- Pension plan clients · 243 to 263Jan 26, 2026 to Mar 12, 2026
- Pooled vehicle clients · 11 to 12Jan 26, 2026 to Mar 12, 2026
- Assets in custody · $6.1B to $7.7BJan 26, 2026 to Mar 12, 2026
- Employees · 37 to 38Jan 26, 2026 to Mar 12, 2026
- Private funds · 11 to 12Jan 26, 2026 to Mar 12, 2026
- Discretionary RAUM · $13B to $16BJan 26, 2026 to Mar 12, 2026
- Individual RAUM · $31.1M to $33.0MJan 26, 2026 to Mar 12, 2026
- Pension RAUM · $10B to $13BJan 26, 2026 to Mar 12, 2026
- Pooled vehicle RAUM · $440M to $409MJan 26, 2026 to Mar 12, 2026
- RAUM · $13B to $16BJan 26, 2026 to Mar 12, 2026
- Accounts · 313 to 342May 20, 2024 to Apr 24, 2025
- Advisory employees · 14 to 25May 20, 2024 to Apr 24, 2025
- Charity clients · 48 to 44May 20, 2024 to Apr 24, 2025
- Corporate clients · 5 to 6May 20, 2024 to Apr 24, 2025
- Individual clients · 13 to 12May 20, 2024 to Apr 24, 2025
- Pension plan clients · 216 to 243May 20, 2024 to Apr 24, 2025
- Assets in custody · $5.0B to $6.1BMay 20, 2024 to Apr 24, 2025
- Employees · 35 to 37May 20, 2024 to Apr 24, 2025
- Financial planning clients · unset to May 20, 2024 to Apr 24, 2025
- Discretionary RAUM · $9.8B to $13BMay 20, 2024 to Apr 24, 2025
- Individual RAUM · $29.9M to $31.1MMay 20, 2024 to Apr 24, 2025
- Pension RAUM · $8.1B to $10BMay 20, 2024 to Apr 24, 2025
- Pooled vehicle RAUM · $420M to $440MMay 20, 2024 to Apr 24, 2025
- RAUM · $9.8B to $13BMay 20, 2024 to Apr 24, 2025
- Accounts · 302 to 313Mar 21, 2023 to Mar 29, 2024
- Advisory employees · 15 to 14Mar 21, 2023 to Mar 29, 2024
- Charity clients · 49 to 48Mar 21, 2023 to Mar 29, 2024
- Individual clients · 15 to 13Mar 21, 2023 to Mar 29, 2024
- Pension plan clients · 209 to 216Mar 21, 2023 to Mar 29, 2024
- Assets in custody · $4.1B to $5.0BMar 21, 2023 to Mar 29, 2024
- Employees · 37 to 35Mar 21, 2023 to Mar 29, 2024
- State-registered IARs · 14 to 13Mar 21, 2023 to Mar 29, 2024
- Discretionary RAUM · $7.9B to $9.8BMar 21, 2023 to Mar 29, 2024
- Individual RAUM · $1.8M to $29.9MMar 21, 2023 to Mar 29, 2024
- Pension RAUM · $6.4B to $8.1BMar 21, 2023 to Mar 29, 2024
Signals
12 dated events
- National Investment Services Of America, Llc reported RAUM $16.3B, up 26% from $12.9B (2026-01-26 to 2026-03-12)Mar 12, 2026 · RAUM change · derived
- National Investment Services Of America, Llc reported RAUM $12.9B, up 31% from $9.8B (2024-05-20 to 2025-04-24)Apr 24, 2025 · RAUM change · derived
- John Gregory Stumm (Director) appeared on Schedule A of National Investment Services Of America, LlcMay 20, 2024 · Control person joined · fact
- Karl Jeffrey Ringdahl (Director) no longer on Schedule A of National Investment Services Of America, Llc (listed 2024-03-29, absent 2024-05-20)May 20, 2024 · Control person left · inference
- Jay Kent White (Senior Adviser) no longer on Schedule A of National Investment Services Of America, Llc (listed 2022-05-05, absent 2023-03-21)Mar 21, 2023 · Control person left · inference
- Louis Gene Needles (Director) no longer on Schedule A of National Investment Services Of America, Llc (listed 2022-02-22, absent 2022-05-05)May 5, 2022 · Control person left · inference
- Lynn Rebecca Harris (Director) appeared on Schedule A of National Investment Services Of America, LlcMay 5, 2022 · Control person joined · fact
- Harold Larry Haslee (Chief Compliance Officer) no longer on Schedule A of National Investment Services Of America, Llc (listed 2021-06-08, absent 2022-02-22)Feb 22, 2022 · Control person left · inference
- James Tyler Pullen (Chief Equity Officer) no longer on Schedule A of National Investment Services Of America, Llc (listed 2021-06-08, absent 2022-02-22)Feb 22, 2022 · Control person left · inference
- Kay Natalie Abbott (Chief Compliance Officer) appeared on Schedule A of National Investment Services Of America, LlcFeb 22, 2022 · Control person joined · fact
- National Investment Services Of America, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)Jan 28, 2020 · Succession (Item 4) · fact
- National Investment Services Of America, Llc filed its initial SEC registration (Form ADV)Jan 28, 2020 · First SEC registration · fact
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/national-investment-services-inc.reportedpublic record, Form ADV, Sep 17, 2026
- Website
- nisi.netreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 414.765.1980reportedpublic record, Form ADV, May 1, 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
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.3Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026