Bny Mellon Securities Corporation
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Overview
Bny Mellon Securities Corporation is an advisory firm based in New York, New York. The firm oversees $5.3 billion in assets across 3,794 customer accounts, placing it among the biggest firms in the nation by assets under management (AUM). The company has a large team, including 100 financial advisors. Bny Mellon Securities Corporation is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as options, stocks and bonds.
Bny Mellon Securities Corporation administers some of the company's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction judgments without needing the customer's approval. Bny Mellon Securities Corporation also oversees 2,235 non-discretionary accounts with a total of $4.7 billion in assets. The company supervises roughly $1.4 million in assets for every customer account. The typical financial advisor at Bny Mellon Securities Corporation oversees around 38 client accounts, making it about average in terms of personalization.
The firm's central office is located at 240 Greenwich Street, New York, New York 10286-0001. Bny Mellon Securities Corporation is registered to serve clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Bny Mellon Securities Corporation by the Numbers
$5.3 billion
320
3,794
$1.4 million
Fee Structure
Financial management fees usually vary depending on the financial services offered. However, fees charged by Bny Mellon Securities Corporation typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Bny Mellon Securities Corporation works with a broad range of clients. The company works with retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 3,794 clients, Bny Mellon Securities Corporation's biggest client type by number of accounts is retail investors, although it also serves 119 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 3.14%
- Other Individuals - 80.94%
- Corporations - 15.23%
- Charitable Organizations - 0.69%
* 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
Bny Mellon Securities Corporation does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Bny Mellon Securities Corporation
Uniondale, NY
New York, NY
New York, NY
New York, NY
Exton, PA
Newport Beach, CA
New York, NY
Dallas, TX
Seattle, WA
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