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Nuveen Investments closes deal for Incapital unit trust platform

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Nuveen Investments closes deal for Incapital unit trust platform

NuveenInvestments Inc. has completed its acquisition of 's unit trust platform.

The deal's completion was effective April 30. Some Incapitalsales, product development and management, marketing, IT and operations staffjoined Nuveen.

Terms of the deal were not disclosed in a May 2 news release.

Wells Fargo Securities LLC advised Nuveen, and GrailPartners advised Incapital. Nuveen Investments is an operating division of TIAAGlobal Asset Management.