Nuveen to acquire Brooklyn Investment Group.

Nuveen, a global asset manager, agreed to acquire Brooklyn Investment Group, a multi-asset custom direct indexing provider. Financial terms were not disclosed. "Every day we hear from advisors about the demand for personalized multi-asset strategies with the returns that private market allocations offer. Through this partnership, we'll unlock smart, always-on tax-management and combine the market expertise that distinguishes Nuveen and the innovative technology that Brooklyn has pioneered. Together, we will reshape the direct indexing landscape by delivering alternatives and lifetime income in an expanded set of customizable solutions," Bill Huffman, Nuveen CEO.