Mutual Of America Life Insurance Company

CRD#15356
Investment Advisor Firm

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Learn more about Mutual Of America Life Insurance Company

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    Mutual Of America Life Insurance Company operates as a financial advisory firm based in New York, New York. Mutual Of America Life Insurance Company administers $747.6 million in total assets over 33 accounts, placing it among the bigger investment advisory firms in the United States by assets under management (AUM). The firm has a large group, including 2 financial advisors. Mutual Of America Life Insurance Company is not a registered broker-dealer, meaning it cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments like stocks, bonds and options.

    Mutual Of America Life Insurance Company administers all of its client assets in a discretionary manner. Discretionary management means that transaction judgments are made by an investment advisor without requiring client consent. The investment advisory firm's average account size is $22.7 million. The typical advisor at Mutual Of America Life Insurance Company manages about 17 client accounts, placing it among the more personalized advisor firms in the country.

    The firm's main office is located at 320 Park Avenue, New York, New York 10022-6839.

    Assets Under Management

    $747.6 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    320 Park Avenue
    New York, NY 10022-6839

    Mutual Of America Life Insurance Company by the Numbers

    Total Assets Under Management

    $747.6 million

    National Average: $8.6 billion
    Total Number of Employees

    950

    National Average: 64
    Total Number of Accounts

    33

    National Average: 375,227
    Average Account Size

    $22.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management largely vary depending on which service is offered. Fees billed by the firm typically consist of non-traditional fee structures. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Mutual Of America Life Insurance Company.

    Available

    • Offered by 10% of firms

      Other

      Show Explanation

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

    Unavailable

    • Find one of the 69% of firms that offer this fee type

      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.

    • 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.

    Back to Overview

    Types of Clients

    The firm works with pension plans. Out of its 33 accounts, Mutual Of America Life Insurance Company's biggest client is pension plans. None of the firm's clients reside abroad.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * 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

    Mutual Of America Life Insurance Company does not have any disclosures.

    Please visit its Form ADV for more details.

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