The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 12-31-2020
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
Address: 720 EAST WISCONSIN AVENUE
MILWAUKEE, WI  53202
Form 13F File Number: 028-11160

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: JENNIFER OLEARY
Title: SR. DIRECTOR FPR & A
Phone: 414 665-2542
Signature, Place, and Date of Signing:
/s/JENNIFER OLEARY MILWAUKEEWI 02-12-2021
[Signature] [City, State] [Date]
Report Type (Check only one.):
   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-14467 AFFINITY INVESTMENT ADVISORS, LLC
028-15235 Alley Co LLC
028-02634 Aristotle Capital Management, LLC
028-05034 BERKSHIRE ASSET MANAGEMENT LLC/PA
028-16017 BMO ASSET MANAGEMENT CORP.
028-12484 Boston Partners
028-05775 Brown Advisory LLC
028-02903 CAMPBELL NEWMAN ASSET MANAGEMENT INC
028-00218 CAPITAL GROUP COMPANIES INC
028-12632 Chilton Capital Management Advisors, Inc.
028-01701 CLEARBRIDGE, LLC
028-10477 COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
028-03434 CONGRESS ASSET MANAGEMENT CO /MA
028-14668 Copeland Capital Management, LLC
028-13023 Dana Investment Advisors, Inc.
028-04121 DAVIS SELECTED ADVISERS
028-01666 EAGLE ASSET MANAGEMENT INC
028-01454 FEDERATED INVESTMENT COUNSELING
028-07406 MDT ADVISERS INC
028-06487 FIRST TRUST ADVISORS LP
028-10981 GOLDMAN SACHS ASSET MANAGEMENT, L.P.
028-04145 GW&K Investment Management, LLC
028-04434 HARDING LOEVNER LP
028-11091 Hillman Capital Management, Inc.
028-01343 JANUS CAPITAL MANAGEMENT LLC
028-00074 JENNISON ASSOCIATES LLC
028-05792 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
028-10469 LAZARD ASSET MANAGEMENT LLC
028-12558 Legg Mason Private Portfolio Group, LLC
028-05837 LOGAN CAPITAL MANAGEMENT INC
028-13180 MFS Investment Management CO (LUX) S.A.R.L.
028-11160 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
028-06668 OAK RIDGE INVESTMENTS LLC
028-04558 PARAMETRIC PORTFOLIO ASSOCIATES LLC
028-03687 POLEN CAPITAL MANAGEMENT LLC
028-10887 QUANTUM CAPITAL MANAGEMENT
028-15157 Raub Brock Capital Management LP
028-05655 RIVERBRIDGE PARTNERS LLC
028-01190 RUSSELL FRANK CO/
028-15042 Sandhill Capital Partners LLC
028-05621 SANTA BARBARA ASSET MANAGEMENT, LLC
028-04691 SCHAFER CULLEN CAPITAL MANAGEMENT INC
028-16442 Strategic Global Advisors, LLC
028-19415 Wakefield Asset Managment Corp
028-07104 WCM INVESTMENT MANAGEMENT/CA
028-11406 Wells Fargo Funds Management, LLC
028-10245 WESTERN ASSET MANAGEMENT CO
028-04587 ZACKS INVESTMENT MANAGEMENT
028-10622 ZEVENBERGEN CAPITAL INVESTMENTS LLC
028-10982 Ziegler Capital Management, LLC
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 2,737
Form 13F Information Table Value Total: 43,287,144
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-00229 NORTHWESTERN MUTUAL LIFE INSURANCE CO