{
  "crd_number": 105390,
  "slug": "nomura-investment-management-business-trust-philadelphia-pa-105390",
  "primary_business_name": "NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST",
  "legal_name": "NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST",
  "dbas": [
    "DELAWARE CAPITAL MANAGEMENT",
    "DELAWARE MANAGEMENT COMPANY",
    "NOMURA ALTERNATIVE STRATEGIES",
    "NOMURA INVESTMENT MANAGEMENT ADVISERS",
    "NOMURA INVESTMENTS FUND ADVISERS"
  ],
  "city": "Philadelphia",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1988-05-31",
  "years_registered": 38,
  "period": "2026-10-01",
  "filing_date": "2026-09-16",
  "carried_forward": false,
  "raum_total": 144044874720.0,
  "raum_discretionary": 144044874720.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 778,
  "advisory_employees": 219,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 112854288.0,
      "count": 12,
      "description": "ENDOWMENTS AND FOUNDATIONS"
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 715109300.0,
      "count": 7
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 3427882653.0,
      "count": 15
    },
    "insurance_companies": {
      "raum": 34946195939.0,
      "count": 6
    },
    "investment_companies": {
      "raum": 91540515222.0,
      "count": 112
    },
    "pension_profit_sharing": {
      "raum": 1519185045.0,
      "count": 14
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 1402603450.0,
      "count": 25
    },
    "pooled_investment_vehicles": {
      "raum": 4964417026.0,
      "count": 51
    },
    "corporations_other_businesses": {
      "raum": 4387858970.0,
      "count": 45
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 1028252827.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 4,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "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",
    "VT",
    "WA",
    "WI",
    "WV"
  ],
  "websites": [
    "https://linkedin.com/company/nomura-assetmanagement",
    "https://nomuraassetmanagement.com",
    "https://optimummutualfunds.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105390",
  "disclosure_items": [
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "PHILADELPHIA",
  "url": "https://advisorcensus.com/firm/nomura-investment-management-business-trust-philadelphia-pa-105390",
  "display_name": "Nomura Investment Management Business Trust",
  "summary": "Nomura Investment Management Business Trust is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 1988, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 16, 2026.",
  "citation": "AdvisorCensus. Nomura Investment Management Business Trust (CRD 105390): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Nomura Investment Management Business Trust compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Nomura Investment Management Business Trust reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Nomura Investment Management Business Trust located?",
      "a": "Nomura Investment Management Business Trust's principal office is in Philadelphia, PA, according to its Form ADV; the October 2026 filing also lists 5 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Nomura Investment Management Business Trust registered with the SEC or a state?",
      "a": "Nomura Investment Management Business Trust is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 105390."
    },
    {
      "q": "How much does Nomura Investment Management Business Trust manage?",
      "a": "Nomura Investment Management Business Trust reports $144,044,874,720 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (100% discretionary)."
    },
    {
      "q": "How have Nomura Investment Management Business Trust's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Nomura Investment Management Business Trust: Regulatory assets under management: $178,468,859,830 in the October 2021 data and $144,044,874,720 in the October 2026 data, down 19%. Total employees: 532 in October 2021 and 778 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Nomura Investment Management Business Trust serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (112); pooled investment vehicles (other than investment companies and business development companies) (51); corporations or other businesses not listed above (45)."
    },
    {
      "q": "Which custodians does Nomura Investment Management Business Trust use?",
      "a": "Nomura Investment Management Business Trust's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon Corporation, Northern Trust Corporation and State Street Corporation as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Nomura Investment Management Business Trust report any disciplinary disclosures?",
      "a": "Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). 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/105390"
    },
    {
      "q": "What changed in Nomura Investment Management Business Trust's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 157 to 219. Regulatory assets under management went from $164,320,917,908 to $144,044,874,720 (-12%). Added an office in Chicago, IL. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 178468859830.0,
      "total_employees": 532,
      "filing_date": "2021-06-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 236026994245.0,
      "total_employees": 628,
      "filing_date": "2022-07-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 191883504410.0,
      "total_employees": 657,
      "filing_date": "2023-07-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 190960333268.0,
      "total_employees": 657,
      "filing_date": "2024-09-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 164320917908.0,
      "total_employees": 598,
      "filing_date": "2025-06-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 144044874720.0,
      "total_employees": 778,
      "filing_date": "2026-09-16"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 157 to 219.",
        "Regulatory assets under management went from $164,320,917,908 to $144,044,874,720 (-12%).",
        "Added an office in Chicago, IL.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer lists the business name Macquarie Private Fund Advisers.",
        "No longer lists the business name Macquarie Investment Management Advisers.",
        "No longer lists the business name Macquarie Asset Advisers.",
        "No longer lists the business name Macquarie Alternative Strategies.",
        "No longer lists the business name Delaware Investments Fund Advisers.",
        "No longer lists the business name CPG Fund Advisers.",
        "Added the business name Nomura Investments Fund Advisers.",
        "Added the business name Nomura Investment Management Advisers.",
        "Added the business name Nomura Alternative Strategies.",
        "Changed its legal name from Macquarie Investment Management Business Trust to Nomura Investment Management Business Trust.",
        "Changed its office addresses in New York, NY.",
        "Added an office in Jacksonville, FL.",
        "No longer lists an office in Chicago, IL.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York Mellon Corporation",
      "name_as_filed": "BANK OF NEW YORK MELLON CORPORATION",
      "affiliated": false
    },
    {
      "name": "Northern Trust Corporation",
      "name_as_filed": "NORTHERN TRUST CORPORATION",
      "affiliated": false
    },
    {
      "name": "State Street Corporation",
      "name_as_filed": "STATE STREET CORPORATION",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/nomura-investment-management-business-trust-philadelphia-pa-105390.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 715109300.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 25,
      "fewer_than_5": false,
      "raum": 1402603450.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 112,
      "fewer_than_5": false,
      "raum": 91540515222.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 51,
      "fewer_than_5": false,
      "raum": 4964417026.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 14,
      "fewer_than_5": false,
      "raum": 1519185045.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 3427882653.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 6,
      "fewer_than_5": false,
      "raum": 34946195939.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 1028252827.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 45,
      "fewer_than_5": false,
      "raum": 4387858970.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 12,
      "fewer_than_5": false,
      "raum": 112854288.0
    }
  ],
  "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105390",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}