885708--3/31/2010--NUVEEN_INVESTMENTS_INC

related topics
{debt, indebtedness, cash}
{acquisition, growth, future}
{tax, income, asset}
{customer, product, revenue}
{personnel, key, retain}
{financial, litigation, operation}
{investment, property, distribution}
{loss, insurance, financial}
{system, service, information}
{regulation, change, law}
{competitive, industry, competition}
The failure of the auctions for Auction Rate Preferred Stock that began in February 2008 could have an adverse effect on our business. We face substantial competition in the investment management business. Our business relies on third-party distributors who may choose not to sell or recommend our products or increase the costs of distribution. If our asset mix changes, our revenues and operating margins could be reduced. Our business is dependent upon our retaining our key personnel, the loss of whom would harm our ability to operate efficiently. Our business is subject to extensive regulation, and compliance failures and changes in laws and regulations could adversely affect us. Our business involves risk of being engaged in litigation that could increase our expenses and reduce our net income. Our revenues will decrease if our investment advisory contracts are terminated. Any adverse public disclosure, our failure to follow client guidelines or any other matters could harm our reputation and have an adverse effect on us. We may continue to acquire other companies, and the expected benefits of such acquisitions may not materialize. We may explore strategic transactions such as a potential merger or a sale of some or all of our assets. We may not be able to complete any such strategic transactions or the expected benefits of such strategic transactions may not materialize, which may prevent us from implementing strategies to grow our business. Our business is subject to numerous operational risks, any of which could disrupt our ability to function effectively. We are highly leveraged and our substantial indebtedness could adversely affect our financial condition. Our debt agreements contain restrictions that could limit our flexibility in operating our business. Our ability to generate the significant amount of cash needed to service our debt and financial obligations depends on many factors beyond our control, including current economic conditions and conditions in the securities markets.

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