NISA Investment Advisors is an independent, 100% employee-owned investment management firm founded in 1994, with offices in St. Louis, Missouri. NISA primarily serves institutional clients, such as pension plans, government entities, charities, corporations, and insurance companies, managing large-scale separately managed accounts, collective investment funds, and private funds. The firm specializes in customized investment management solutions, including risk-controlled investment grade fixed income strategies, high yield fixed income, equity direct indexing, quantitative equity strategies, and complex synthetic exposure and derivatives overlay strategies. NISA focuses on disciplined, quantitative approaches to portfolio management, aiming to track benchmark returns closely while generating excess returns through relative value analysis and active management. NISA also provides model portfolios to third-party licensors and offers strategies indirectly to high-net-worth investors through financial intermediaries and managed account programs.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.10% |
Rates vary by strategy (e.g., U.S. Government Fixed Income at 0.10% on first $500M, Credit Fixed Income at 0.225% on first $100M, Aggregate Index at 0.125% on first $1.5B, Custom Credit at 0.30% on first $50M, Direct Indexing Equity at 0.20% on first $100M). Balances above initial tiers are negotiable. Firm frequently requires a minimum quarterly or annual fee.