# Nisa Investment Advisors, LLC

> Nisa Investment Advisors, LLC is an SEC-registered investment advisory firm in St. Louis, MO, registered since 1993, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 107313
- Filed as: NISA INVESTMENT ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Louis, MO
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107313
- AdvisorCensus page: https://advisorcensus.com/firm/nisa-investment-advisors-llc-st-louis-mo-107313

## Quick answers

**How is Nisa Investment Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Nisa Investment Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Nisa Investment Advisors, LLC located?**
Nisa Investment Advisors, LLC's principal office is in St. Louis, MO, according to its Form ADV.

**Is Nisa Investment Advisors, LLC registered with the SEC or a state?**
Nisa Investment Advisors, LLC is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 107313.

**How much does Nisa Investment Advisors, LLC manage?**
Nisa Investment Advisors, LLC reports $343,889,703,371 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (98% discretionary).

**How have Nisa Investment Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Nisa Investment Advisors, LLC: Regulatory assets under management: $272,716,402,676 in the October 2021 data and $343,889,703,371 in the October 2026 data, up 26%. Total employees: 336 in October 2021 and 417 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Nisa Investment Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (255); other (89); state or municipal government entities (including government pension plans) (22).

**Which custodians does Nisa Investment Advisors, LLC use?**
Nisa Investment Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, JP Morgan, Northern Trust and State Street as custodians holding 10% or more of its separately managed account assets.

**Does Nisa Investment Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107313

**What changed in Nisa Investment Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 202 to 217.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- JP Morgan
- Northern Trust
- State Street

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $343,889,703,371
- Discretionary: $336,693,154,605
- Non-discretionary: $7,196,548,766

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 13 | $382,239,972 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 14 | $11,531,113,568 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 255 | $177,337,485,138 |
| Charitable organizations | 18 | $10,144,289,524 |
| State or municipal government entities (including government pension plans) | 22 | $107,591,419,799 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 16 | $2,401,226,104 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 13 | $4,649,735,217 |
| Other | 89 | $29,852,194,049 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1993 (32 years)
- Employees: 417 total, 217 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, CT, IL, MO, NY, PA, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [nisa.com](https://nisa.com)
- LinkedIn @nisa-investment-advisors-l-l-c-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $272,716,402,676 | 336 | March 29, 2021 |
| October 2022 | $360,008,647,430 | 344 | June 15, 2022 |
| October 2023 | $277,313,111,722 | 383 | March 27, 2023 |
| October 2024 | $306,242,186,324 | 390 | March 25, 2024 |
| October 2025 | $315,286,272,054 | 393 | March 27, 2025 |
| October 2026 | $343,889,703,371 | 417 | March 26, 2026 |

Regulatory assets under management: $272,716,402,676 in the October 2021 data and $343,889,703,371 in the October 2026 data, up 26%.
Total employees: 336 in October 2021 and 417 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 202 to 217.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nisa Investment Advisors, LLC (CRD 107313): Form ADV filing data as of October 2026.