# Nordea Investment Management North America, Inc.

> Nordea Investment Management North America, Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 2001, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.

- CRD: 116837
- Filed as: NORDEA INVESTMENT MANAGEMENT NORTH AMERICA, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/116837
- AdvisorCensus page: https://advisorcensus.com/firm/nordea-investment-management-north-america-inc-new-york-ny-116837

## Quick answers

**How is Nordea Investment Management North America, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Nordea Investment Management North America, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Nordea Investment Management North America, Inc. located?**
Nordea Investment Management North America, Inc.'s principal office is in New York, NY, according to its Form ADV.

**Is Nordea Investment Management North America, Inc. registered with the SEC or a state?**
Nordea Investment Management North America, Inc. is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 116837.

**How much does Nordea Investment Management North America, Inc. manage?**
Nordea Investment Management North America, Inc. reports $1,054,468,000 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (100% discretionary).

**How have Nordea Investment Management North America, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Nordea Investment Management North America, Inc.: Regulatory assets under management: $2,413,485,739 in the October 2021 data and $1,054,468,000 in the October 2026 data, down 56%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Nordea Investment Management North America, Inc. serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Which custodians does Nordea Investment Management North America, Inc. use?**
Nordea Investment Management North America, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street as a custodian holding 10% or more of its separately managed account assets.

**Does Nordea Investment Management North America, Inc. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.B(2) (charge for a listed misdemeanor in the past ten years), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). 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/116837

**Does Nordea Investment Management North America, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated May 6, 2026 says: "In general, NIMNAI’s minimum initial investment is $100 million. Exceptions can be made on a case-by-case basis in our sole discretion"

**What changed in Nordea Investment Management North America, Inc.'s recent Form ADV filings?**
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated May 6, 2026)

- Account minimum: $100,000,000 (the brochure says it may be waived or negotiated)

> In general, NIMNAI’s minimum initial investment is $100 million. Exceptions can be made on a case-by-case basis in our sole discretion

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- 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: $1,054,468,000
- Discretionary: $1,054,468,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $285,988,472 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $768,479,528 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2001 (24 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.B(2): In the past ten years, has the firm or an advisory affiliate been charged with one of the misdemeanors listed in 11.B(1)?
- 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?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

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/116837

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,413,485,739 | 6 | September 10, 2021 |
| October 2022 | $2,675,779,633 | 4 | September 2, 2022 |
| October 2023 | $1,023,680,549 | 4 | July 31, 2023 |
| October 2024 | $884,000,862 | 4 | September 20, 2024 |
| October 2025 | $1,260,168,208 | 4 | March 27, 2025 |
| October 2026 | $1,054,468,000 | 4 | May 6, 2026 |

Regulatory assets under management: $2,413,485,739 in the October 2021 data and $1,054,468,000 in the October 2026 data, down 56%.
Total employees: 6 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $1,260,168,208 to $1,054,468,000 (-16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nordea Investment Management North America, Inc. (CRD 116837): Form ADV filing data as of October 2026.