# Neuberger Berman BD LLC

> Neuberger Berman BD LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1966, with no regulatory assets under management reported in its Form ADV filing dated March 27, 2026.

- CRD: 2908
- Filed as: NEUBERGER BERMAN BD LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/2908
- AdvisorCensus page: https://advisorcensus.com/firm/neuberger-berman-bd-llc-new-york-ny-2908

## Quick answers

**How is Neuberger Berman BD LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Neuberger Berman BD LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Neuberger Berman BD LLC located?**
Neuberger Berman BD LLC's principal office is in New York, NY, according to its Form ADV.

**Is Neuberger Berman BD LLC registered with the SEC or a state?**
Neuberger Berman BD LLC is an SEC-registered investment advisory firm, registered since 1966. Status as filed: Approved. CRD 2908.

**How have Neuberger Berman BD LLC's assets and staff changed since 2021?**
In the Form ADV data for Neuberger Berman BD LLC: Total employees: 924 in October 2021 and 1,087 in October 2026. Assets under management move with markets as well as with clients coming and going.

**Does Neuberger Berman BD LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/2908

**What changed in Neuberger Berman BD LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 610 to 775.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1966 (60 years)
- Employees: 1,087 total, 775 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/2908

### Websites listed on Form ADV (Item 1.I)
- nb.com
- nbprivatewealth.com
- LinkedIn @nbprivatewealth
- X @nb_wealth

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 924 | March 25, 2021 |
| October 2022 | Not reported | 914 | May 11, 2022 |
| October 2023 | Not reported | 973 | June 26, 2023 |
| October 2024 | Not reported | 1,094 | March 28, 2024 |
| October 2025 | Not reported | 1,058 | March 28, 2025 |
| October 2026 | Not reported | 1,087 | March 27, 2026 |

Total employees: 924 in October 2021 and 1,087 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 610 to 775.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Neuberger Berman BD LLC (CRD 2908): Form ADV filing data as of October 2026.