Consent of Independent Registered Public Accounting Firm

The Board of Directors
Nuveen Investments, Inc.:

We consent to the incorporation by reference in the registration statement No.
333-90420 on Form S-8 of Nuveen Investments, Inc. of our report dated February
24, 2005, with respect to the consolidated balance sheets of Nuveen Investments,
Inc. as of December 31, 2004 and 2003, and the related consolidated statements
of income, changes in common stockholders' equity, and cash flows for each of
the years in the three-year period ended December 31, 2004, management's
assessment of the effectiveness of internal control over financial reporting as
of December 31, 2004 and the effectiveness of internal control over financial
reporting as of December 31, 2004, which reports appear in the December 31, 2004
annual report on Form 10-K of Nuveen Investments, Inc.

Our report refers to the Company's expensing the cost of stock options per the
fair value recognition provisions of Statement of Financial Accounting Standards
("SFAS") No. 123, "Accounting for Stock-Based Compensation," effective April 1,
2004.

/s/ KPMG LLP


Chicago, IL
February 28, 2005