New York Life Investment Management LLC
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Overview
New York Life Investment Management LLC is a financial advisory firm based in New York, New York. The firm handles $91.9 billion in total assets across 1,255 client accounts, making it one of the biggest firms in the United States by assets under management (AUM). New York Life Investment Management LLC has a large team, including 15 financial advisors. New York Life Investment Management LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, equities and bonds.
New York Life Investment Management LLC manages 1,244 of the company's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without needing client permission. The company also manages 11 non-discretionary accounts totaling $2.0 billion in assets. The firm's average account size is $73.3 million. The typical advisor at New York Life Investment Management LLC oversees about 84 client accounts.
New York Life Investment Management LLC's headquarters is at 51 Madison Avenue, New York, New York 10010. It is registered to serve investors throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
New York Life Investment Management LLC by the Numbers
$91.9 billion
335
1,255
$73.3 million
Fee Structure
Financial advisory fees typically vary depending on the type of financial services offered. Fees billed by the firm may include any blend of the following fee structures: asset-based or fixed. The firm does participate in a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
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 10% of firms that offer this fee type
Other
Types of Clients
New York Life Investment Management LLC provides services to retail investors, investment companies, pooled investment vehicles and corporations. Out of its 1,255 accounts, New York Life Investment Management LLC's biggest client type by number of accounts is retail investors. Just 1% of its clients are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 92.24%
- Corporations - 7.76%
- 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
New York Life Investment Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at New York Life Investment Management LLC
New York, NY
New York, NY
New York, NY
Haymarket, VA
New York, NY
New York, NY
New York, NY
New York, NY
Oceanside, NY
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