Neuberger Berman's Fourth Quarter EPS $0.44 vs. $0.48 Year 2001 Operating EPS $1.82 vs. $1.89



Assets Under Management $59 Billion, Up Over 6% From Prior Year

And Over 13% From Third Quarter



Private Asset Management Reaches Record $25 Billion



    NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- Neuberger Berman (NYSE:   NEU)
 today reported net income of $31.3 million, or $0.44 per share (diluted) and
 $0.45 (basic), for the fourth quarter ended December 31, 2001.  This compares
 with net income from operations of $36.1 million, or $0.48 per share (diluted)
 and $0.49 (basic), for the fourth quarter of 2000.
     Cash earnings for the quarter, which exclude certain non-cash items such
 as deferred taxes and depreciation and amortization, were $34.5 million, or
 $0.48 per share (diluted) and $0.49 (basic), versus $38.6 million, or $0.52
 per share (diluted) and $0.53 (basic), in the comparable period in the year
 2000.
     Net revenues declined 3.8% in the quarter to $151.6 million from
 $157.5 million in the prior year period.  Assets under management reached
 $59.0 billion, up 6.4% from $55.5 billion at year-end 2000 and up 13.3% from
 $52.1 billion at September 30, 2001.
     Also during the quarter, the Company repurchased 368,864 shares of its
 common stock for approximately $15 million.  Since the inception of the stock
 repurchase program, 5,529,001 shares have been repurchased for approximately
 $202 million, and authorizations of $48 million remain outstanding.  At
 December 31, 2001, the Company had 70.4 million common shares outstanding,
 down from 73.2 million shares at the end of the previous year.
 
     Full Year 2001
     Net income from operations for the year 2001 was $132.7 million, or $1.82
 per share (diluted) and $1.85 (basic).  This represents a decline of 5.6% from
 $140.6 million in 2000, or $1.89 per share (diluted) and $1.91 (basic), which
 excludes a $9.8 million ($0.13 per share) financial statement tax benefit
 related to the Company's stock price in connection with the Employee Defined
 Contribution Stock Incentive Plan, and includes a pretax charge of
 approximately $750,000 for severance payments.  Diluted cash earnings per
 share were up 11.4% for the year 2001 to $2.24 versus $2.01, primarily as a
 result of the realization of the deferred tax asset attributable to the
 vesting of shares in the Incentive Plan.  Net revenues declined slightly to
 $613.3 million from $616.3 million in the year 2000.
 
     Outstanding Performance in Difficult Markets
     Jeffrey B. Lane, Neuberger Berman's President and Chief Executive Officer
 said, "Despite two consecutive years of stock market declines -- the first
 such two-year string since the 1970s -- Neuberger Berman has emerged in the
 best position in our history.
     "Our investment performance relative to very difficult markets has been
 excellent, enabling us to continue fulfilling our mission to protect and
 enhance clients' assets over time.  Also, our ability to attract new and
 wealthier clients to the Private Asset Management segment has been
 significantly improved by the stepped-up efforts of our National Trust Company
 team as well as by the wealth management services we now offer through
 Executive Monetary Management.  In addition, we continue to build upon the
 success of our nationwide staff of 40 Client Consultants whose performance has
 exceeded even optimistic internal projections.  This group generated
 approximately $1.7 billion in new assets in 2001, more than double the amount
 they raised in the prior year.  With assets under management in Private Asset
 Management at a record level of $25 billion at year end, we believe that
 continued good performance, enhancement of services, strategic acquisitions,
 and additions of investment professionals with existing relationships will
 create excellent prospects for this segment going forward.
     "In the Mutual Fund and Institutional business, we have made important
 strides.  Investment performance is improving, with three of our largest
 mutual funds now holding a four- or five-star Morningstar Rating*.  Cash flows
 have turned decidedly positive, as evidenced by the year's net cash inflow of
 $1.8 billion, as opposed to net cash outflows of $1.2 billion in 2000.  In
 addition, the Consultant Services Group is demonstrating strong momentum,
 crossing the $3 billion mark this year in assets under management.
     "The effect of difficult market conditions on our business was reflected
 most notably in Professional Securities Services, which recorded a marked
 decline in revenues and earnings for the year.  With a steadily growing client
 base, particularly in clearing services, we believe this segment will, over
 time, become an increasingly important part of our business mix and a
 significant source of recurring revenues.
     "It is an understatement to say that our nation has undergone a very
 severe hardship recently, the aftermath of which is still very much with us.
 Our economy is experiencing marked weakness as well, which is clearly
 reflected in the securities markets.  I remain optimistic, however, that
 conditions on all levels will improve over time, though perhaps gradually, and
 believe that Neuberger Berman -- which has performed so well under such
 adverse conditions -- is well-positioned to benefit from that improvement."
 
                            PRIVATE ASSET MANAGEMENT
 
     4th Quarter Net Revenues:  $73.1 Million vs. $76.5 Million, Down 4.4%
         2001 Net Revenues:  $295.7 Million vs. $290.7 Million, Up 1.7%
 
    4th Quarter Pretax Income:  $32.9 Million vs. $39.3 Million, Down 16.3%
       2001 Pretax Income:  $141.7 Million vs. $146.7 Million, Down 3.4%
 
     At year end, assets under management in this segment reached a record
 level of $25.0 billion, up 11.1% from $22.5 billion at the end of the year
 2000 and up almost 15% from $21.8 billion at September 30, 2001.  This
 exceptional performance was achieved despite a 5.4% decline in the Dow Jones
 Industrial Average, a 21.1% drop in the Nasdaq Composite Index and an 11.9%
 decline in the broader Standard & Poor's 500 Index during the year 2001.
     Investment advisory and management fees for the quarter were about even
 with the prior year period, and it should be noted that fees based on the
 record amount of assets under management at the end of this quarter will not
 be reflected until the first quarter of 2002.  The decline in net revenues and
 pretax income is primarily attributable to lower commissions in the 2001
 quarter versus the particularly strong 2000 period.  The same factor
 contributed to the year-over-year decline in pretax income.  The segment
 accounted for 61% of the Company's pretax income for the fourth quarter and
 62% for the year.
     One key driver of growth in assets under management in the quarter and for
 the year was the success of the national sales force of Client Consultants.
 This group of 40 professionals, up from 37 in the third quarter, was
 responsible for generating approximately $600 million in new assets in the
 quarter and $1.7 billion for the year, more than double the prior year's
 total.  Another factor is the intensified effort to grow the National Trust
 Company, which is helping to attract particularly wealthy clients whose
 accounts are substantially larger than the average size of existing accounts.
 
 
                         MUTUAL FUND AND INSTITUTIONAL
 
     4th Quarter Net Revenues:  $55.3 Million vs. $55.8 Million, Down 1.0%
        2001 Net Revenues:  $223.7 Million vs. $224.1 Million, Down 0.2%
 
      4th Quarter Pretax Income:  $20.4 Million vs. $18.7 Million, Up 8.9%
         2001 Pretax Income:  $83.1 Million vs. $76.6 Million, Up 8.4%
 
     At year end, assets under management in this segment were $34.0 billion,
 up over 3% from $33.0 billion at the end of 2000 and up over 12% from the
 previous quarter.  In the face of difficult and unstable markets throughout
 the year, mutual fund performance was good, with 75% of the assets of the
 Neuberger Berman equity funds outperforming their benchmarks.
     Net cash flows in this segment were positive in the quarter, at
 $731 million, and for the year 2001, at $1.8 billion.  In the quarter, net
 cash inflows in the Consultant Services Group, which were again particularly
 strong at $397 million, and in the Mutual Fund and Sub-Advised Account
 business, at $996 million, offset net cash outflows of $662 million in the
 Institutional Separate Accounts business.  For the year, the Consultant
 Services and Mutual Fund and Sub-Advised Accounts businesses each recorded net
 cash inflows of $1.1 billion, offsetting net cash outflows of $427 million
 from the Institutional Separate Account business.
     Most recently, the Company broadened its capabilities in this segment with
 the addition of two experienced professionals who will direct an institutional
 real estate securities effort.
 
                        PROFESSIONAL SECURITIES SERVICES
 
     4th Quarter Net Revenues:  $23.6 Million vs. $27.6 Million, Down 14.4%
        2001 Net Revenues:  $98.9 Million vs. $105.0 Million, Down 5.8%
 
     4th Quarter Pretax Income:  $5.7 Million vs. $11.6 Million, Down 50.4%
        2001 Pretax Income:  $27.1 Million vs. $41.5 Million, Down 34.7%
 
     Although this segment's results in the quarter improved from third quarter
 levels, revenues and earnings were down versus the prior year periods.
 Clearance fees were about even with 2000 levels, both for the quarter and the
 year, and new business generation continued to be good.  Factors that
 contributed to the year-over-year declines in revenues from net interest and
 principal transactions included lower average balances related to client
 financing and narrowing interest spreads, the continuing drop in the Nasdaq
 market and implementation of the decimalization program, and other adverse
 market conditions related to the September 11th tragedy.
 
                                   CORPORATE
 
     Corporate includes various expenses, including administrative costs, that
 are not attributable to the activities of a particular business segment.  The
 lower net pretax loss in the quarter of $5.0 million, down from $6.5 million
 in the prior year period, was primarily attributable to an increase in the
 value of the Company's investment in its mutual funds, partially offset by
 higher goodwill amortization.  The higher pretax loss of $22.8 million for the
 year, versus $17.9 million for the prior year, resulted primarily from
 increases in interest expense and goodwill amortization.
 
                                *  *  *  *  *  *
 
     Neuberger Berman Inc. through its subsidiaries is an investment advisory
 company with $59.0 billion in assets under management, as of December 31,
 2001.  For more than 60 years, the firm has provided clients with a broad
 range of investment products, services and strategies.  Neuberger Berman Inc.
 engages in private asset management, wealth management services, tax planning
 and personal and institutional trust services, mutual funds and institutional
 management, and professional securities services for individuals,
 institutions, corporations, pension funds, foundations and endowments.  Its
 website, and this news release, can be accessed at http://www.nb.com.  The
 firm is headquartered in New York with offices in major cities throughout the
 United States.
 
     Statements made in this release that look forward in time involve risks
 and uncertainties and are forward-looking statements within the meaning of the
 Private Securities Litigation Reform Act of 1995. Such risks and uncertainties
 include, without limitation, the adverse effect from a decline in the
 securities markets or a decline in the Company's products' performance, a
 general downturn in the economy, competition from other companies, changes in
 government policy or regulation, inability of the Company to attract or retain
 key employees, inability of the Company to implement its operating strategy
 and acquisition strategy, inability of the Company to manage rapid expansion
 and unforeseen costs and other effects related to legal proceedings or
 investigations of governmental and self-regulatory organizations.
 
     *(C)2002 Morningstar, Inc. All Rights Reserved. The information contained
 herein: (1) is proprietary to Morningstar and/or its content providers; (2)
 may not be copied or distributed; and (3) is not warranted to be accurate,
 complete or timely.  Neither Morningstar nor its content providers are
 responsible for any damages or losses arising from any use of this
 information.  Past performance is no guarantee of future results.
 
 
      Neuberger Berman Inc. and Subsidiaries
      Condensed Consolidated Statements of Income (Unaudited)
      For the Periods Ending
      (in thousands, except per share data)
 
 
 
                                    Three Months Ended           Fav (Unfav)
                                                                 Change From
                               December September  December  September December
                                 31,       30,       31,          30,    31,
                                 2001      2001      2000        2001    2000
     REVENUES:
     Investment advisory and
      administrative fees      $100,732  $106,974  $101,268      (5.8%)  (0.5%)
     Commissions                 37,650    32,136    40,341      17.2%   (6.7%)
     Interest                    22,616    32,850    61,581     (31.2%) (63.3%)
     Principal transactions in
      securities                  1,458      (226)     (925)    745.1%  257.6%
     Clearance fees               3,446     3,196     3,441       7.8%    0.1%
     Other income                 1,479       800     2,195      84.9%  (32.6%)
         Gross revenues         167,381   175,730   207,901      (4.8%) (19.5%)
     Interest expense            15,825    25,870    50,426      38.8%   68.6%
         Net revenues after
          interest expense      151,556   149,860   157,475       1.1%   (3.8%)
 
     OPERATING EXPENSES:
     Employee compensation and
      benefits                   63,613    58,981    58,977      (7.9%)  (7.9%)
     Information technology       5,871     5,701     6,196      (3.0%)   5.2%
     Rent and occupancy           5,764     5,556     4,655      (3.7%) (23.8%)
     Brokerage, clearing and
      exchange fees               3,195     3,071     3,023      (4.0%)  (5.7%)
     Advertising and sales
      promotion                   2,312     1,337     4,286     (72.9%)  46.1%
     Distribution and fund
      administration              5,230     4,870     4,794      (7.4%)  (9.1%)
     Professional fees            2,700     3,534     3,335      23.6%   19.0%
     Depreciation and
      amortization                3,702     3,398     3,211      (8.9%) (15.3%)
     Other expenses               5,144     5,608     5,877       8.3%   12.5%
         Total operating
          expenses               97,531    92,056    94,354      (5.9%)  (3.4%)
         Net income before
          taxes                  54,025    57,804    63,121      (6.5%) (14.4%)
     Provision for income
      taxes                      22,744    24,335    26,976       6.5%   15.7%
         Net income             $31,281   $33,469   $36,145      (6.5%) (13.5%)
 
     Net income per common
      share
         Net income per share
          - Basic                 $0.45     $0.47     $0.49
         Net income per share
          - Diluted               $0.44     $0.47     $0.48
     Cash earnings per common
      share
         Cash earnings per
          share - Basic           $0.49     $0.56     $0.53 (1)
         Cash earnings per
          share - Diluted         $0.48     $0.55     $0.52 (1)
      Weighted average common
       shares
         outstanding - Basic     70,206    70,568    73,206
      Weighted average common
       shares
         outstanding - Diluted   71,286    71,722    74,614
 
 
     Note 1:  Cash earnings per common share for the three months ended
              December 31, 2000 has been revised to reflect presentation
              consistent with current period reporting.
 
 
      Neuberger Berman Inc. and Subsidiaries
      Condensed Consolidated Statements of Income (Unaudited)
      For the Periods Ending
      (in thousands, except per share data)
 
 
 
                                                                        Fav
                                            Twelve Months Ended       (Unfav)
                                                                       Change
                                                                        From
                                                                      December
                                         December 31, December 31,      31,
                                              2001        2000          2000
     REVENUES:
     Investment advisory and
      administrative fees                    $413,601    $399,907         3.4%
     Commissions                              144,667     146,589        (1.3%)
     Interest                                 157,768     223,709       (29.5%)
     Principal transactions in securities       2,788       9,623       (71.0%)
     Clearance fees                            13,450      13,532        (0.6%)
     Other income                               4,146       6,428       (35.5%)
          Gross revenues                      736,420     799,788        (7.9%)
     Interest expense                         123,138     183,441        32.9%
          Net revenues after interest
           expense                            613,282     616,347        (0.5%)
 
     OPERATING EXPENSES:
     Employee compensation and benefits       253,365     245,445        (3.2%)
     Information technology                    22,492      22,925         1.9%
     Rent and occupancy                        20,828      17,796       (17.0%)
     Brokerage, clearing and exchange fees     12,022      10,514       (14.3%)
     Advertising and sales promotion            9,372       9,251        (1.3%)
     Distribution and fund administration      19,424      18,977        (2.4%)
     Professional fees                         10,934      11,205         2.4%
     Depreciation and amortization             13,063      10,638       (22.8%)
     Other expenses                            22,723      22,675        (0.2%)
          Total operating expenses            384,223     369,426        (4.0%)
          Net income before taxes             229,059     246,921        (7.2%)
     Provision for income taxes                96,391      96,565 (1)     0.2%
          Net income                         $132,668    $150,356       (11.8%)
 
     Net income per common share
          Net income per share - Basic          $1.85       $2.04
          Net income per share - Diluted        $1.82       $2.02
     Cash earnings per common share
          Cash earnings per share - Basic       $2.28       $2.03 (2)
          Cash earnings per share -
           Diluted                              $2.24       $2.01 (2)
      Weighted average common shares
          outstanding - Basic                  71,795      73,648
      Weighted average common shares
          outstanding - Diluted                73,052      74,392
 
 
     Note 1:  Provision for income taxes for the twelve months ended December
              31, 2000 reflects a financial statement tax benefit of $9,750
              related to the change in the price of the Company's common stock
              from December 31, 1999 to June 30, 2000, in connection with the
              Company's Employee Defined Contribution Stock Incentive Plan.
 
     Note 2:  Cash earnings per common share for the twelve months ended
              December 31, 2000 has been revised to reflect presentation
              consistent with current period reporting.
 
 
     Neuberger Berman Inc. and Subsidiaries
     Selected Segment Financial Data (Unaudited)
     For the Periods Ending
     (in thousands)
 
                                       Three Months Ended        Fav (Unfav)
                                                                 Change From
                                December September  December September December
                                    31,       30,       31,       30,    31,
                                    2001      2001    2000 (1)   2001    2000
     PRIVATE ASSET MANAGEMENT
     Net revenues after interest
      expense                      $73,061   $73,288   $76,460   (0.3%)  (4.4%)
 
     Net income before taxes       $32,912   $37,601   $39,311  (12.5%) (16.3%)
 
     MUTUAL FUND & INSTITUTIONAL
     Net revenues after interest
      expense                      $55,276   $56,195   $55,827   (1.6%)  (1.0%)
 
     Net income before taxes       $20,389   $22,432   $18,715   (9.1%)   8.9%
 
     PROFESSIONAL SECURITIES
      SERVICES
     Net revenues after interest
      expense                      $23,593   $22,177   $27,552    6.4%  (14.4%)
 
     Net income before taxes        $5,748    $3,477   $11,597   65.3%  (50.4%)
 
     CORPORATE
     Net loss after interest
      expense                        $(374)  $(1,800)  $(2,364)  79.2%   84.2%
 
     Net loss before taxes         $(5,024)  $(5,706)  $(6,502)  12.0%   22.7%
 
     TOTAL
     Net revenues after interest
      expense                     $151,556  $149,860  $157,475    1.1%   (3.8%)
 
     Net income before taxes       $54,025   $57,804   $63,121   (6.5%) (14.4%)
 
 
                                                                       Fav
                                              Twelve Months Ended    (Unfav)
                                                                     Change
                                                                      From
                                                          December  December
                                          December 31,       31,       31,
                                              2001        2000 (1)    2000
     PRIVATE ASSET MANAGEMENT
     Net revenues after interest expense     $295,738      $290,746     1.7%
 
     Net income before taxes                 $141,669      $146,712    (3.4%)
 
     MUTUAL FUND & INSTITUTIONAL
     Net revenues after interest expense     $223,700      $224,064    (0.2%)
 
     Net income before taxes                  $83,059       $76,609     8.4%
 
     PROFESSIONAL SECURITIES SERVICES
     Net revenues after interest expense      $98,925      $104,981    (5.8%)
 
     Net income before taxes                  $27,092       $41,458   (34.7%)
 
     CORPORATE
     Net loss after interest expense          $(5,081)      $(3,444)  (47.5%)
 
     Net loss before taxes                   $(22,761)     $(17,858)  (27.5%)
 
     TOTAL
     Net revenues after interest expense     $613,282      $616,347    (0.5%)
 
     Net income before taxes                 $229,059      $246,921    (7.2%)
 
 
     Note 1: Segment financial data for prior periods have been reclassified
             to reflect presentation consistent with current period segment
             reporting.
 
 
     Neuberger Berman Inc. and Subsidiaries
     Assets Under Management
     For the Periods Ending
     (in millions)
                                                                Fav (Unfav)
                                       Three Months Ended       Change From
                                 December September December September December
                                      31,      30,      31,      30,    31,
                                     2001     2001     2000     2001    2000
     PRIVATE ASSET MANAGEMENT
 
     Assets under management,
      beginning of period           $21,762  $24,253  $22,286
         Net additions                  974      266    1,082
         Market appreciation
          (depreciation)              2,268   (2,757)    (858)
         Total increase (decrease)    3,242   (2,491)     224
     Assets under management, end
      of period (1)                 $25,004  $21,762  $22,510   14.9%   11.1%
 
     MUTUAL FUND & INSTITUTIONAL
 
     Equity Separate Accounts
     Assets under management,
      beginning of period            $5,793   $6,810   $6,616
         Net withdrawals               (267)    (122)    (172)
         Market appreciation
          (depreciation)                764     (895)     (42)
         Total increase (decrease)      497   (1,017)    (214)
     Assets under management, end
      of period                      $6,290   $5,793   $6,402    8.6%   (1.7%)
 
     Fixed Income Separate Accounts
     Assets under management,
      beginning of period            $5,605   $5,280   $5,564
         Net additions
          (withdrawals)                (395)     163     (449)
         Market appreciation             19      162      183
         Total increase (decrease)     (376)     325     (266)
     Assets under management, end
      of period                      $5,229   $5,605   $5,298   (6.7%)  (1.3%)
 
     Consultant Services Group
     Assets under management,
      beginning of period            $2,542   $2,277   $1,801
         Net additions
          (withdrawals)                 397      304      (49)
         Market appreciation
          (depreciation)                 98      (39)      44
         Total increase (decrease)      495      265       (5)
     Assets under management, end
      of period                      $3,037   $2,542   $1,796   19.5%   69.1%
 
     Mutual Fund and Sub-Advised
      Accounts
     Assets under management,
      beginning of period           $16,433  $19,616  $20,233
         Net additions
          (withdrawals)                 996     (176)     660
         Market appreciation
          (depreciation)              2,059   (3,007)  (1,413)
         Total increase (decrease)    3,055   (3,183)    (753)
     Assets under management, end
      of period (2)                 $19,488  $16,433  $19,480   18.6%    0.0%
 
     Sub-Total Mutual Fund &
      Institutional
     Assets under management,
      beginning of period           $30,373  $33,983  $34,214
         Net additions
          (withdrawals)                 731      169      (10)
         Market appreciation
          (depreciation)              2,940   (3,779)  (1,228)
         Total increase (decrease)    3,671   (3,610)  (1,238)
     Assets under management, end
      of period                     $34,044  $30,373  $32,976   12.1%    3.2%
 
     TOTAL
     Assets under management,
      beginning of period           $52,135  $58,236  $56,500
         Net additions                1,705      435    1,072
         Market appreciation
          (depreciation)              5,208   (6,536)  (2,086)
         Total increase (decrease)    6,913   (6,101)  (1,014)
     Assets under management, end
      of period                     $59,048  $52,135  $55,486   13.3%    6.4%
 
 
     Note 1:  As of December 31, 2001, Private Asset Management includes
              $49 million of assets invested in EMM's Fund of Funds product.
 
     Note 2:  As of December 31, 2001, Mutual Fund and Sub-Advised Accounts
              includes $121 million of client assets invested in the Fund
              Advisory Service wrap mutual fund program with third party funds,
              an increase of $33 million from the prior quarter.
 
 
      Neuberger Berman Inc. and Subsidiaries
     Assets Under Management
     For the Periods Ending
     (in millions)                                              Fav (Unfav)
                                            Twelve Months
                                                Ended           Change From
                                          December December
                                             31,      31,      December 31,
                                            2001     2000          2000
     PRIVATE ASSET MANAGEMENT
 
     Assets under management, beginning of
      period                               $22,510  $21,539
          Net additions                      2,734    1,154
          Market depreciation                 (240)    (183)
          Total increase                     2,494      971
     Assets under management, end of
      period (1)                           $25,004  $22,510              11.1%
 
     MUTUAL FUND & INSTITUTIONAL
 
     Equity Separate Accounts
     Assets under management, beginning of
      period                                $6,402   $6,458
          Net withdrawals                      (45)    (494)
          Market appreciation
           (depreciation)                      (67)     438
          Total decrease                      (112)     (56)
     Assets under management, end of
      period                                $6,290   $6,402              (1.7%)
 
     Fixed Income Separate Accounts
     Assets under management, beginning of
      period                                $5,298   $5,924
          Net withdrawals                     (382)  (1,084)
          Market appreciation                  313      458
          Total decrease                       (69)    (626)
     Assets under management, end of
      period                                $5,229   $5,298              (1.3%)
 
     Consultant Services Group
     Assets under management, beginning of
      period                                $1,796   $1,839
          Net additions (withdrawals)        1,147     (158)
          Market appreciation                   94      115
          Total increase (decrease)          1,241      (43)
     Assets under management, end of
      period                                $3,037   $1,796              69.1%
 
     Mutual Fund and Sub-Advised Accounts
     Assets under management, beginning of
      period                               $19,480  $18,639
          Net additions                      1,094      546
          Market appreciation
           (depreciation)                   (1,086)     295
          Total increase                         8      841
     Assets under management, end of
      period (2)                           $19,488  $19,480               0.0%
 
     Sub-Total Mutual Fund & Institutional
     Assets under management, beginning of
      period                               $32,976  $32,860
          Net additions (withdrawals)        1,814   (1,190)
          Market appreciation
           (depreciation)                     (746)   1,306
          Total increase                     1,068      116
     Assets under management, end of
      period                               $34,044  $32,976               3.2%
 
     TOTAL
     Assets under management, beginning of
      period                               $55,486  $54,399
          Net additions (withdrawals)        4,548      (36)
          Market appreciation
           (depreciation)                     (986)   1,123
          Total increase                     3,562    1,087
     Assets under management, end of
      period                               $59,048  $55,486               6.4%
 
 
     Note 1:  As of December 31, 2001, Private Asset Management includes
              $49 million of assets invested in EMM's Fund of Funds product.
 
     Note 2:  As of December 31, 2001, Mutual Fund and Sub-Advised Accounts
              includes $121 million of client assets invested in the Fund
              Advisory Service wrap mutual fund program with third party funds,
              an increase of $33 million from the prior period.
 
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56043826
 
 

SOURCE Neuberger Berman

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.