
Neuberger Berman is a global investment manager with a long history of providing innovative investment solutions to its clients. Founded in 1939 by Joseph R. Neuberger and Robert W. Berman, the company has been around for over 80 years.
Neuberger Berman has a presence in over 25 countries, with offices across the globe. Its investment expertise spans a range of asset classes, including equities, fixed income, and alternative investments. The company's global footprint and diverse investment capabilities make it a significant player in the investment management industry.
One of the key strengths of Neuberger Berman is its commitment to active management, with a focus on identifying and capitalizing on opportunities that others may miss. The company's investment teams are comprised of experienced professionals with a deep understanding of the markets and a proven track record of success.
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History of Neuberger Berman
Neuberger Berman was co-founded in 1939 by Roy Neuberger and banker Robert Berman. They had a strong vision for the company, which would eventually become a leading asset management firm.
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The firm's early years laid the foundation for its future success. Neuberger Berman was initially a small operation, but it quickly grew into a reputable company in the financial industry.
Neuberger Berman's history is marked by significant milestones, including its acquisition by Lehman Brothers in 2003 for approximately $2.63 billion in cash and securities. This transaction gave Neuberger Berman a new level of resources and expertise, allowing it to expand its services and reach a wider client base.
Here are some key facts about Neuberger Berman's history:
- Founded in 1939 by Roy Neuberger and Robert Berman
- Acquired by Lehman Brothers in 2003 for $2.63 billion
- Returned to employee ownership in 2014
Lehman Brothers Bankruptcy
Neuberger Berman's connection to Lehman Brothers is a significant part of its history. In 2003, Neuberger Berman was acquired by Lehman Brothers for approximately $2.63 billion.
This acquisition had a profound impact on Neuberger Berman, as it became one of the asset management arms of Lehman Brothers' Investment Management Division. The transaction closed in October 2003.
For five years, Neuberger Berman operated under the Lehman Brothers umbrella, until the company's eventual bankruptcy in 2008.
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Independence and Expansion

Neuberger Berman experienced a period of sustained growth since its reemergence as an independent firm. The firm increased its assets under management 14% per year from 2010 to 2014.
This impressive growth allowed Neuberger Berman to reach $250 billion in assets, placing the firm at the top of its peer group by asset growth. The firm now employs approximately 2,000 people.
Neuberger Berman has expanded its focus beyond traditional equity, exploring growing areas such as emerging markets debt, high-yield bonds, liquid alternatives, and private equity. The firm has also expanded its global presence, adding coverage offices in key Asia-Pacific markets.
By returning to full employee ownership at the end of 2014, Neuberger Berman highlighted its independence and paved the way for future growth. Employee ownership has been recognized by industry leaders as a key factor in the success of asset management firms.
Neuberger Berman's employee-owned status has contributed to its high talent retention rate. In fact, the firm won the top rank in its category on Pensions & Investments' 2016 Best Places to Work in Money Management survey.
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Company Overview

Neuberger Berman was founded in 1939 with a singular purpose: to deliver compelling investment results for their clients over the long term.
The firm has managed to stay true to its roots, with a culture rooted in deep fundamental research and the pursuit of investment insight. This approach has allowed Neuberger Berman to build a diverse team of over 2,100 employees, including more than 600 investment professionals.
Neuberger Berman is a private, independent, employee-owned investment manager, which gives them the freedom to focus exclusively on investing for their clients for the long term.
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Corporate Art Collection
Neuberger Berman has a long history of incorporating contemporary art into its corporate culture. The firm's corporate art collection was first established in 1939 when Roy Neuberger co-founded the investment firm.
The collection has been a significant part of the company's identity, with many pieces being repurchased after being sold at auction in 2010. Today, the collection is a vital part of the company's visual identity, with artworks displayed in hallways, reception areas, and meeting rooms.
The Neuberger Berman Collection supports the work of contemporary artists, providing them with a platform to showcase their work. This unique approach to corporate art has become a hallmark of the company's culture and values.
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About Us

Neuberger Berman was founded in 1939 to deliver compelling investment results for its clients over the long term.
The firm's singular purpose remains unchanged to this day, driven by a culture rooted in deep fundamental research and the pursuit of investment insight.
Neuberger Berman manages a range of equity, fixed income, private equity, and hedge fund strategies from offices in 35 cities worldwide.
The firm has a diverse team of more than 600 investment professionals and over 2,100 employees in total, united in their commitment to client outcomes and investment excellence.
As a private, independent, employee-owned investment manager, Neuberger Berman has the freedom to focus exclusively on investing for its clients for the long term.
Neuberger Berman has earned top-ranked firm citations in the Pensions & Investments "Best Places to Work in Money Management" survey each year since 2013.
The firm's culture has afforded it enviable retention rates among its senior investment staff, with one fourth of employees having stakes in the employee-owned firm, creating shared ownership in the firm's success.
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Diversity, Equity & Inclusion

At Neuberger Berman, diversity, equity, and inclusion are at the forefront of their approach. They aim to create an environment where everyone can be their authentic selves.
Their approach is based on three primary tenets: empowering, connecting, and caring. Empowering means giving people a voice and allowing them to bring their unique perspectives to the table.
They have Employee Resources Groups like the Women’s Forum, Veterans Group, NB Pride Network, NextGen Network, and the NB Black Experience, which help create a sense of fellowship among colleagues. These groups also foster stronger connections among employees.
Caring is about serving the community, and their NB Impacts program allows employees to leverage the firm's resources to support their favorite causes globally. This includes charity and volunteer efforts that matter to them.
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Investment Philosophy
At Neuberger Berman Investment Advisers, the investment philosophy is built around four main strategies that cater to different client needs. These strategies are designed to be flexible and can be tailored to fit individual risk tolerance and financial goals.

The fixed-income strategies used by the firm include a wide range of investments such as exchange-traded funds (ETFs), REITs, option contracts, and municipal/U.S. government securities.
Equity strategies, on the other hand, focus on common stocks, preferred stocks, and other equity-related investments like participatory notes and depositary receipts.
Alternative strategies combine equity and fixed-income investments to create a diversified portfolio.
Multi-asset mandates use quantitative-based strategic asset allocation models to optimize equity and fixed-income investments.
The firm's investment choices are not limited to these strategies alone, as they also consider clients' preferences and needs when creating a portfolio.
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Investment Options
Neuberger Berman Investment Advisers offers four main investment strategies to clients. These strategies include fixed-income, equity, alternative, and multi-asset mandates.
Fixed-income strategies involve investments such as exchange-traded funds (ETFs), REITs, and municipal/U.S. government securities. Equity strategies, on the other hand, typically include common stocks, preferred stocks, and options.
Investors can also opt for alternative strategies, which combine equity and fixed-income investments. Alternatively, they can choose multi-asset mandates, which involve equity and fixed-income investments with quantitative-based strategic asset allocation models.
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Here are some examples of investments that Neuberger Berman may use in client accounts:
- Fixed-income strategies: exchange-traded funds (ETFs), REITs, option contracts, short sales, over-the-counter securities, municipal/U.S. government securities, CDs, corporate debt securities, convertible bonds, preferred securities and warrants
- Equity strategies: common stocks, preferred stocks, ETFs, REITs, options, participatory notes, depositary receipts, mutual funds and convertible securities
- Alternative strategies: combination of equity and fixed-income investments
- Multi-asset mandates: equity and fixed-income investments with quantitative-based strategic asset allocation models
Funds List
If you're looking for a wide range of investment options, Neuberger Berman Funds has a diverse list of funds to consider.
Neuberger Berman Funds offers a variety of share class types, including Institutional, Retirement, Large, and No Load options.
You can invest in funds with different expense ratios, ranging from 0.030% to 1.340%.
Some funds have a minimum initial investment requirement, such as the Neuberger Berman Genesis Instl fund, which requires a $1.0 Mil investment.
Here are some of the funds listed, grouped by category:
Some funds have a higher total return rank in their category, such as the Neuberger Berman Core Bond Inst fund, which has a rank of 52.

The Neuberger Berman Large Cap Growth Inv fund has a total return of 0.03% and is available with a $1,000 minimum initial investment.
The Neuberger Berman Real Estate A fund has a total return of 4.66% and is available with a $1,000 minimum initial investment.
Neuberger Berman Funds offers several options for investors who want to invest in foreign small/mid growth funds, including the Neuberger Berman Intl Small Cap I fund.
The Neuberger Berman Intl Small Cap R6 fund has a total return of 0.46% and is available with a $0 minimum initial investment.
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Investments
Investments are a crucial part of any investment strategy. Neuberger Berman Investment Advisers uses a variety of investments to achieve their clients' goals.
They typically employ one of four investment strategies: fixed-income, equity, alternative, or multi-asset mandates. Each of these strategies has its own unique characteristics and investment options.
Fixed-income strategies involve investing in a range of securities, including exchange-traded funds (ETFs), REITs, and municipal/U.S. government securities. These investments are designed to provide a relatively stable source of income.
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Equity strategies, on the other hand, involve investing in common stocks, preferred stocks, and other equity-related securities. These investments can be riskier, but they also offer the potential for higher returns.
Alternative strategies combine equity and fixed-income investments in a single portfolio. This can be a good option for investors who want to balance risk and potential returns.
Here are some examples of the types of investments used in each strategy:
- Fixed-income: exchange-traded funds (ETFs), REITs, municipal/U.S. government securities, CDs, corporate debt securities, convertible bonds, preferred securities, and warrants
- Equity: common stocks, preferred stocks, ETFs, REITs, options, participatory notes, depositary receipts, mutual funds, and convertible securities
- Alternative: combination of equity and fixed-income investments
- Multi-asset mandates: equity and fixed-income investments with quantitative-based strategic asset allocation models
Ultimately, the specific investments used will depend on the client's individual needs and preferences.
Client Types and Minimum Account Sizes
Neuberger Berman Investment Advisers works with a diverse range of clients, including non-high-net-worth individuals, high-net-worth individuals, and businesses.
The firm serves banks, investment companies, investment funds, pension plans, profit-sharing plans, charitable organizations, foundations, endowment funds, government entities, investment advisors, insurance companies, trusts, and federal agencies.
Your required minimum investment at Neuberger Berman Investment Advisers will depend on the type of service or portfolio model you select.
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For individual clients, the minimum investment is typically at least $1 million. For wrap accounts, the minimum investment is often closer to $100,000 to $250,000, depending on the types of services you want.
- Banks
- Investment companies
- Investment funds
- Pension plans
- Profit-sharing plans
- Charitable organizations
- Foundations
- Endowment funds
- Government entities
- Investment advisors
- Insurance companies
- Trusts
- Federal agencies
Minimum investment amounts can vary significantly depending on the type of service or portfolio model you select.
Investment Information
Neuberger Berman is a global investment manager with a long history of providing investment solutions to individuals and institutions. The firm was founded in 1939 by Roy Neuberger and Robert Berman.
They offer a range of investment products, including equity, fixed income, and alternative investments, which can be tailored to meet the specific needs of clients. This flexibility is a key advantage for investors seeking diversified portfolios.
One notable aspect of Neuberger Berman's investment approach is their commitment to active management, which involves actively selecting securities to achieve their investment objectives. This approach requires a deep understanding of market trends and a strong research capability.
Default List Criteria

When evaluating investment options, it's essential to understand the default list criteria. This list shows only funds that are open to new purchases or limited, and does not include funds that are closed to new investments.
The default list is not a comprehensive list of all available funds, but rather a subset of funds that are currently accepting new investments.
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Fees
Fees can be a major factor in choosing an investment strategy. Neuberger Berman Investment Advisers charges fees based on the investment strategy used, such as core bond, all cap core, or global equity.
The firm has an extensive fee schedule, with hundreds of different fee schedules available for various asset levels and strategies. For individual clients, the most common fee schedule is the GPS - Total Portfolio Solutions Fees.
The annual fee for this schedule is 1.40% for portfolios with a market value less than $500,000. It decreases to 1.30% for portfolios between $500,000 and $1,000,000, and so on, down to 1.00% for portfolios over $10,000,000.
Here's a breakdown of the fee schedule:
It's worth noting that Neuberger Berman also charges performance-based fees for certain services, such as separate accounts, private funds, sub-advisory accounts, and closed-end fund clients.
Frequently Asked Questions
Is Neuberger Berman a prestigious firm?
Yes, Neuberger Berman is a highly respected firm, consistently ranked as one of the best places to work in the industry by Pensions & Investments. Its prestigious reputation is a testament to its commitment to excellence and employee satisfaction.
What is Neuberger Berman known for?
Neuberger Berman is a global investment manager with a wide range of strategies, serving institutions, advisors, and individual investors worldwide. They offer a diverse portfolio of equity, fixed income, private equity, and hedge fund solutions.
Is Neuberger Berman a good company?
Neuberger Berman has a strong overall rating of 4.1 out of 5, with 83% of employees recommending it to a friend. However, its rating has decreased by 4% over the last 12 months, suggesting some areas for improvement.
Sources
- https://en.wikipedia.org/wiki/Neuberger_Berman
- https://www.morningstar.com/asset-management-companies/neuberger-berman-BN000009J2/funds
- https://www.morningstar.com/asset-management-companies/neuberger-berman-BN000009J2
- https://www.investment2020.org.uk/employer/neuberger-berman/
- https://smartasset.com/financial-advisor/neuberger-berman-investment-advisers-review
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