National Life Investment Management Co Inc (Montpelier)


National Life Investment Management Co Inc is a large advisory firm based in Montpelier. It manages $7.48 billion of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Massachusetts, New Hampshire, Pennsylvania, and Vermont.

National Life Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

National Life Investment Management: assets under management

The assets under management (AUM) of National Life Investment Management Co Inc is $7.48 billion. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.45 billion in discretionary accounts and $28.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $671.5 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay National Life Investment Management Co Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at National Life Investment Management Co Inc

Patrick Edward Welch has been acting as President since 1 Jul 2001. William Alfred Smith joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
National Life Insurance Company ("Nlic") Sole stockholder - nlimc 1 Oct 1968 75% - 100% 03-0144090
David Russell Morgan Counsel 1 Jan 1986 Other 1457549
Dean Raymond Howe Vice president 1 Mar 1989 Other 4363304
Rodney Allen Buck Chief executive officer & director 1 Apr 1996 Other 1839120
Patrick Edward Welch Director 1 Jul 2001 Other 1276218
William Alfred Smith Director 1 Jul 2001 Other 1184651

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Nlv Financial Corporation ("Nlvf") Sole stockholder of nlic 1 Jan 1999 75% - 100% 03-0359222
National Life Holding Company ("Nlhc") Sole stockholder - nlvf 1 Jan 1999 75% - 100% 03-0359221

Based in Montpelier

The principal office where National Life Investment Management Co Inc performs its advisory services is located at One National Life Drive, Montpelier, VT 05604, which is also the mailing address of the firm. An additional office of the firm is in Lebanon, NH. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 802-229-7402 or by fax 802-229-3743. The normal business hours are 8-5 on Monday - Friday.