# Northwestern Mutual Investment Services

Northwestern Mutual Investment Services is a RIA based in Milwaukee, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Milwaukee, United States
- **Region:** North America
- **Address:** Milwaukee, WI, United States
- **Assets under management:** Undisclosed
- **Website:** northwesternmutual.com

## Regulatory record

- **CRD number:** 2881
- **SEC file number:** 801-8095
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/2881

## About

NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC is an SEC-registered investment adviser in MILWAUKEE, WI, registered since 1971. It has 2294 employees and 15 investment advisers. The firm is based in MILWAUKEE, WI.

## Sectors

- Insurance
- Financial Services
- Asset Management

## People

- Timothy Gerend — President
- John E. Schlifske — Chairman and CEO of Northwestern Mutual

## Questions

### Who runs investment decisions at Northwestern Mutual Investment Services?

Investment decisions are overseen by President Timothy Gerend, who leads the broker-dealer operations. Portfolio construction for clients is driven by individual advisors rather than a centralized investment committee. The parent company's $197 billion general account is managed by Northwestern Mutual's internal investment team (per Northwestern Mutual, 2023).

### How does Northwestern Mutual source proprietary deal flow?

NMIS does not engage in proprietary deal making. Its product shelf includes investments offered by Northwestern Mutual's own funds and third-party providers (mutual funds, ETFs, annuities). Client portfolios are built from these offered products by individual financial advisors.

### Does Northwestern Mutual participate in fund commitments or only direct deals?

NMIS itself does not make fund commitments. The parent company, Northwestern Mutual, allocates a portion of its general account to private equity and real estate funds. As a broker-dealer, NMIS offers client access to mutual funds and ETFs, not direct fund commitments.

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Last updated: 2026-06-03T20:00:00.000Z

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