EXHIBIT 23.1








            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 on
Form S-3 of Nuveen Investments, Inc. of our reports 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 three
years 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 incorporated by reference herein and to the reference to our firm under the
heading "Experts" in the prospectus.

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