Nuveen Investments to acquire Incapital’s unitary investment fund platform


CHICAGO–(BUSINESS WIRE)–Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that it has reached an agreement with Incapital to acquire the Unit Investment Trust (UIT or Unit Trust) platform ) of Incapital. Since early 2014, Nuveen Investments has partnered with Incapital to provide marketing and distribution support to several of Incapital’s mutual funds for which Nuveen investment affiliates have also served as consultants. in portfolio. This transaction builds on this successful partnership.

The acquisition reinforces Nuveen Investments’ commitment to strengthening its growing leadership position in the retail market by providing investors with access to investment ideas from leading asset managers recognized for their high-quality results in their distinct areas of investment expertise. Incapital’s Unit Trust platform is similar to Nuveen Investments’ multi-boutique model and is in line with the firm’s strategy of working with a variety of asset managers to provide clients with highly differentiated, institutional-grade investment capabilities . Going forward, Nuveen Investments will sponsor UITs that use the portfolio advisory services of unaffiliated asset managers, including those currently involved in Incapital’s UITs, while developing new trust unit strategies in leveraging the expertise of its seven investment subsidiaries and the capabilities of TIAA Asset Management.

Nuveen Investments will acquire the Unit Trust distribution platform from Incapital. Key Incapital personnel currently supporting the Unit Trust platform in sales, product development and management, marketing, IT and operations will join Nuveen Investments. Together with Nuveen Investments’ recently strengthened Unit Trust sales and distribution team, the Nuveen Investments Unit Trust platform will have significant and dedicated resources to ensure continuity of coverage of existing broker and IBD relationships. The Unit Trust team will work closely with the National Accounts team at Nuveen Investments to introduce and expand the use of Unit Trusts by dealers who do not currently do UIT business with Incapital, but are looking for UIT products. investment to meet the particular investment needs of their clients.

“We are delighted to officially reunite the UIT teams of Nuveen and Incapital to leverage our excellent work together and enhance our ability to deliver quality investment solutions and service to our clients. We are also delighted to add the high-quality investment capabilities of Incapital’s portfolio consulting partners to the investment capabilities of Nuveen’s investment subsidiaries and TIAA Asset Management, which will enable us to offer a range compelling insight into UIT portfolio strategies,” said William Adams IV, Nuveen Investments Senior Executive Vice President, Global Structured Products.

Incapital Managing Director John DesPrez added: “As we move forward to further focus on our core business of providing managed risk investment solutions, we are delighted to partner with Nuveen Investments to transfer our dynamic UIT business to their team. Nuveen has been an exceptional partner in building our UIT platform and developing a strong and diverse set of strategies to benefit our mutual customers. I am also extremely proud of the team we have built. They are experienced professionals who have proven themselves. I am also happy for them, as they will be joining a company that is respected throughout the industry.

The transaction, although subject to customary closing conditions, is expected to close in the second quarter of 2016. Nuveen was advised by Wells Fargo Securities, LLC. Incapital was advised by Grail Partners. Terms of the transaction were not disclosed.

About Incapital

Incapital LLC was founded in 1999 and today is a leading underwriter and distributor of securities to over 800 brokers, institutions, asset managers, RIAs and banks. The firm represents more than 300 investees and has underwritten more than $400 billion in securities. Within its Wealth Management Solutions division, Incapital offers financial professionals access to a wide range of mutual funds and market-related products, as well as a wealth of educational resources and the dedicated support of a national team of wholesalers. The company is headquartered in Chicago, IL and has a main office in Boca Raton, FL. Information about Incapital is available at Further information on Incapital’s unit portfolios, including stock selection, fees, secondary market and other risk considerations is available at

About Nuveen

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors and the financial consultants and advisors who serve them. Nuveen Investments markets a wide range of specialist investment solutions that provide investors with access to the capabilities of its high-quality investment affiliates – Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and independent investment subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities , LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments operates as a separate subsidiary within TIAA-CREF, which is a leading provider of retirement and financial services to the academic, research, medical and cultural. In total, Nuveen Investments managed approximately $220 billion as of September 30, 2015. Neither Nuveen Investments nor any of its affiliates mentioned above are affiliated with Incapital LLC. For more information, please visit the Nuveen Investments website at



About Author

Comments are closed.