Voya Investment Management Co. LLC

CRD#106494
Investment Advisor Firm

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Overview

Voya Investment Management Co. LLC operates as an advisory firm based in New York, New York. It manages $236.7 billion in assets under management throughout 62,080 customer accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The firm has a large group, including 304 financial advisors. Voya Investment Management Co. LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets such as stocks, options and bonds.

Voya Investment Management Co. LLC oversees 62,079 of the company's accounts on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell decisions without requiring the client's permission. The firm also has one non-discretionary accounts totaling $520.8 million in assets. The investment advisory firm supervises an average of $3.8 million for each account. An average financial advisor at Voya Investment Management Co. LLC manages around 204 client accounts.

The company's headquarters is at 230 Park Avenue, New York, New York 10169. Voya Investment Management Co. LLC is legally allowed to provide services to investors throughout 51 U.S. states and territories.

Assets Under Management

$236.7 billion

Number of Advisors

304

Disclosures

No

Office Location

230 Park Avenue
New York, NY 10169

Voya Investment Management Co. LLC by the Numbers

Total Assets Under Management

$236.7 billion

National Average: $8.6 billion
Total Number of Employees

880

National Average: 64
Total Number of Accounts

62,080

National Average: 375,227
Average Account Size

$3.8 million

National Average: $23.0 thousand
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Products and Services

Voya Investment Management Co. LLC provides a number of financial services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and publication of newsletters. Notably, the company did not provide financial planning services to any of its accounts in the previous fiscal year. The firm is not involved in selling products or offering services other than investment advisory services to its investment advisory accounts. The firm also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 3% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees vary depending on which services the firm provides the client. Fee types billed by the firm likely include the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Voya Investment Management Co. LLC.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm works with a broad range of clients. Voya Investment Management Co. LLC works with retail investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies and corporations. Out of its 62,080 accounts, Voya Investment Management Co. LLC's biggest client is retail investors. Just 1% of the firm's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 99.5%
  • Corporations - 0.49%
  • Charitable Organizations - 0.01%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Voya Investment Management Co. LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Voya Investment Management Co. LLC

John Kersey
New York, NY
Samantha Mayfield
Atlanta, GA
Megan Chiramal
Atlanta, GA
Russell Greig
New York, NY
Robert Alderman
Chester, NJ
Daniel Conti
New York, NY
Jarrod Brown
New York, NY
Andre Hinton
Atlanta, GA
William Theriault
New York, NY

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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