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Nuveen Investments history
Nuveen Investments company history timeline
In 1898, Nuveen left the wholesale grocery business behind and started his own company, John Nuveen & Co., a municipal bond firm that would pioneer numerous innovations in the investment industry for the next century.
The Income Tax Amendment of 1913, which gave Congress the authority to collect income tax, gave municipal bonds tax-exempt status, an obvious boon for companies like John Nuveen & Co.
In 1969 John Nuveen & Co. was acquired by Minneapolis-based Investors Diversified Services (IDS), which controlled the company for five years.
When those changes arrived with the Tax Reform Act of 1986, the benefits of investing in municipal bonds were amplified by alterations that distinguished municipal bonds as the only tax-exempt investment option for a large percentage of the investing public.
Although the number of new municipal bond issues offered by the company dropped off after 1994, John Nuveen remained steadfast to the general strategy it had been following for decades.
Also in 1997, the company acquired a smaller Midwest rival named Flagship Resources Inc., which managed more than $4.2 billion in tax-exempt mutual funds and roughly $400 million in managed accounts for individual investors.
2022 midyear outlook: From pain to gain Global Investment Committee | Jun.
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Nuveen Investments competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Legg Mason | 1899 | $2.9B | 3,059 | - |
| Apollo Global Management | 1990 | $3.6B | 1,600 | 41 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,150 |
| Citi | 1812 | $74.3B | 210,000 | 1,292 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 278 |
| Pacific Investment Management Company LLC | 1971 | $787.9M | 2,900 | 142 |
| William Blair | 1935 | $1.2B | 1,401 | 47 |
| Charles Schwab | 1971 | $1.6B | 32,000 | 735 |
| Wintrust Financial | 1991 | $29.9M | 5,057 | 162 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
Nuveen Investments history FAQs
Zippia gives an in-depth look into the details of Nuveen Investments, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Nuveen Investments. The employee data is based on information from people who have self-reported their past or current employments at Nuveen Investments. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Nuveen Investments. The data presented on this page does not represent the view of Nuveen Investments and its employees or that of Zippia.
Nuveen Investments may also be known as or be related to Nuveen, Nuveen Asset Management, LLC, Nuveen Investments, Nuveen Investments Inc and Nuveen Investments LLC.