Rating Index

Pros

Strong reputation in the asset management industry, which can instill confidence in clients.

Diverse range of investment advisory services, catering to various financial planning needs.

High average client balance, indicating a focus on high-net-worth individuals and institutional clients.

Cons

Potential conflicts of interest due to affiliations with broker-dealers and insurance companies.

Some clients may face higher fees from mutual funds that carry 12b-1 fees.

Limited historical performance metrics available for comprehensive evaluation of investment success.

Neuberger Berman broker Accounts

Neuberger Berman Account Types

Neuberger Berman offers various account types tailored to meet the diverse needs of investors. These include:

Individual Accounts: Designed for personal investment, typically requiring a minimum investment amount.
Joint Accounts: For two or more individuals, allowing shared access and management of the investment.
Retirement Accounts: Such as IRAs, which provide tax advantages for retirement savings.
Institutional Accounts: Tailored for businesses, pension plans, and other institutional investors, often with higher minimum investment requirements.
Custodial Accounts: Managed on behalf of minors until they reach the age of majority.

The minimum investment varies by account type, with individual accounts generally starting at $1 million, while wrap accounts may require between $100,000 to $250,000.

Neuberger Berman Broker Account Opening Process

Opening a broker account with Neuberger Berman is a straightforward process. Here are the steps involved:

Choose Your Account Type: Decide on the type of account that best suits your investment needs (individual, joint, retirement, institutional, or custodial).
Gather Required Information: Prepare the necessary documents, including:

Valid street mailing address
Names and birthdates of account owners and beneficiaries
Checking or savings account and routing numbers

Complete the Application: You can open an account either online or via mail:

Online: Use the secure online account opening process on Neuberger Berman's website.
By Mail: Download and complete the account opening documents and send them to Neuberger Berman.

Fund Your Account: Once your account is set up, you can fund it through an ACH transfer from your checking or savings account, which will be completed within two days.
Contact for Assistance: If you have questions during the process, you can call Neuberger Berman's customer service at 800-877-9700.

For more detailed information on account types and the opening process, visit Neuberger Berman's website.