# Nuance Investments, LLC

> Nuance Investments, LLC is an SEC-registered investment advisory firm in Kansas City, MO, registered since 2008, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 1, 2026.

- CRD: 148534
- Filed as: NUANCE INVESTMENTS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Kansas City, MO
- Filing period: October 2026
- Form ADV filing dated: July 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148534
- AdvisorCensus page: https://advisorcensus.com/firm/nuance-investments-llc-kansas-city-mo-148534

## Quick answers

**How is Nuance Investments, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Nuance Investments, 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 Nuance Investments, LLC located?**
Nuance Investments, LLC's principal office is in Kansas City, MO, according to its Form ADV.

**Is Nuance Investments, LLC registered with the SEC or a state?**
Nuance Investments, LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 148534.

**How much does Nuance Investments, LLC manage?**
Nuance Investments, LLC reports $984,290,871 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary).

**How have Nuance Investments, LLC's assets and staff changed since 2021?**
In the Form ADV data for Nuance Investments, LLC: Regulatory assets under management: $5,949,248,916 in the October 2021 data and $984,290,871 in the October 2026 data, down 83%. Total employees: 20 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Nuance Investments, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (208); high net worth individuals (28); corporations or other businesses not listed above (8).

**Which custodians does Nuance Investments, LLC use?**
Nuance Investments, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, National Financial Services LLC, Northern Trust Company and State Street Bank and Trust Co as custodians holding 10% or more of its separately managed account assets.

**Does Nuance Investments, 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/148534

**What changed in Nuance Investments, LLC's recent Form ADV filings?**
In the August 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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- National Financial Services LLC
- Northern Trust Company
- State Street Bank and Trust Co

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: $984,290,871
- Discretionary: $984,290,871
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 208 | $91,406,098 |
| High net worth individuals | 28 | $49,438,696 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 2 | $444,147,619 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $191,853,225 |
| Charitable organizations | 5 | $90,767,856 |
| State or municipal government entities (including government pension plans) | 1 | $49,897,982 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 8 | $66,779,395 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2008 (17 years)
- Employees: 11 total, 3 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [nuanceinvestments.com](https://nuanceinvestments.com)
- LinkedIn @nuance-investments-llc
- X @NUANCEINVEST
- YouTube @NuanceInvestments

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,949,248,916 | 20 | March 29, 2021 |
| October 2022 | $6,660,123,316 | 22 | March 30, 2022 |
| October 2023 | $5,575,739,313 | 24 | March 29, 2023 |
| October 2024 | $4,999,890,906 | 22 | July 31, 2024 |
| October 2025 | $2,845,896,775 | 17 | July 23, 2025 |
| October 2026 | $984,290,871 | 11 | July 1, 2026 |

Regulatory assets under management: $5,949,248,916 in the October 2021 data and $984,290,871 in the October 2026 data, down 83%.
Total employees: 20 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

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

### February 2026
- Employees performing advisory functions went from 8 to 3.
- Regulatory assets under management went from $2,845,896,775 to $984,290,871 (-65%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nuance Investments, LLC (CRD 148534): Form ADV filing data as of October 2026.