Nuveen Acquisition: Direct Indexing & Tax Solutions Expansion
- Nuveen has finalized it's acquisition of Brooklyn Investment Group, a provider specializing in multi-asset custom direct indexing solutions and its technology platform, Brooklyn Artificial Intelligence, Inc.
- The two companies initially formed a partnership in 2023, launching conventional direct indexing, tax-advantaged long/short portfolios, and multi-asset solutions integrating both equity and fixed income.
- Following the acquisition, Nuveen and Brooklyn will concentrate on three key integration areas:
Nuveen strategically acquires Brooklyn investment group, significantly enhancing its capabilities in direct indexing and tax-advantaged solutions. This move empowers Nuveen to offer advisors more personalized and efficient investment strategies. The deal includes Brooklyn’s technology platform, Brooklyn Artificial intelligence, Inc.,bolstering nuveen’s technology-driven approach to portfolio construction. This expansion will focus on integrating private markets and lifetime income capabilities into custom, tax-efficient solutions, alongside advisor experience enhancements.News directory 3 has the breaking story on how Nuveen’s focus on direct indexing and tax-advantaged alternatives aims to reshape the investment landscape. Discover what’s next as Nuveen continues to innovate.
Nuveen Acquires Brooklyn investment Group to Expand Direct Indexing
Updated June 27, 2025
Nuveen has finalized it’s acquisition of Brooklyn Investment Group, a provider specializing in multi-asset custom direct indexing solutions and its technology platform, Brooklyn Artificial Intelligence, Inc. The acquisition aims to bolster nuveen’s capabilities in technology-driven, tax-efficient portfolio construction and custom indexing strategies.
The two companies initially formed a partnership in 2023, launching conventional direct indexing, tax-advantaged long/short portfolios, and multi-asset solutions integrating both equity and fixed income. As part of that initial collaboration, Nuveen, through TIAA Ventures, acquired a minority stake in Brooklyn.
Following the acquisition, Nuveen and Brooklyn will concentrate on three key integration areas:
- Expanding Tax-Advantaged Alternatives: Accelerating the incorporation of Nuveen’s private markets and lifetime income capabilities into customized, tax-efficient solutions.
- Enhancing Advisor experience: Leveraging Brooklyn’s technology to streamline onboarding,account maintenance,practice management,and differentiated client reporting.
- Extending Technology Licensing: Continuing to offer Brooklyn’s proprietary, white-labeled technology platform to existing partners.
“Every day we hear from advisors about the demand for personalized multi-asset strategies with the returns that private market allocations offer,” said Bill Huffman, CEO of Nuveen.”Together, we will reshape the direct indexing landscape by delivering alternatives and lifetime income in an expanded set of customizable solutions.”
Nuveen currently manages more than $82 billion across separately managed accounts (SMAs), including municipal bonds, taxable fixed income, equities, and nontraditional multi-asset solutions, including direct indexing.
What’s next
The acquisition positions Nuveen to further innovate in the tax-advantaged solutions space, offering advisors more personalized and efficient investment options.