Bny Mellon Securities Corporation

CRD#231
Investment Advisor Firm

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Learn more about Bny Mellon Securities Corporation

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • 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

    $5.3 billion

    Number of Advisors

    100

    Disclosures

    No

    Office Location

    240 Greenwich Street
    New York, NY 10286-0001

    Bny Mellon Securities Corporation by the Numbers

    Total Assets Under Management

    $5.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    320

    National Average: 64
    Total Number of Accounts

    3,794

    National Average: 375,227
    Average Account Size

    $1.4 million

    National Average: $23.0 thousand
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    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

    • 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.

    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 26% of firms that offer this fee type

      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.

    • 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.

    Back to Overview

    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

    Matthew Hutchinson
    New York, NY
    Michael Aulson
    New York, NY
    Seth Karasin
    Uniondale, NY
    George Sekas
    New York, NY
    Melissa Dipierro
    Exton, PA
    Christian Mccormick
    New York, NY
    William Gibbs
    Seattle, WA
    Michael Hurley
    New York, NY
    Alex Tynan
    Houston, TX

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