Metlife Investment Management, LLC

CRD#142463
Investment Advisor Firm

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Learn more about Metlife Investment Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Metlife Investment Management, LLC is a financial advisor company that has its headquarters in Whippany, New Jersey. Metlife Investment Management, LLC administers $481.2 billion in assets under management over 588 client accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). Metlife Investment Management, LLC has a very large team, including 660 financial advisors. Metlife Investment Management, LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like equities, bonds and options.

    Metlife Investment Management, LLC manages more than half of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes buy and sell choices for the client's account without needing client permission. Metlife Investment Management, LLC also has 16 non-discretionary accounts totaling $3.2 billion in AUM. The company's average account size is $818.0 million. The average advisor at Metlife Investment Management, LLC oversees fewer than one client account, placing it among the most personalized firms in the country.

    Metlife Investment Management, LLC's main office is at One Metlife Way, Whippany, New Jersey 7981. The company is legally allowed to provide services to clients across 11 U.S. states and territories.

    Assets Under Management

    $481.2 billion

    Number of Advisors

    660

    Disclosures

    No

    Office Location

    One Metlife Way
    Whippany, NJ 07981

    Metlife Investment Management, LLC by the Numbers

    Total Assets Under Management

    $481.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,081

    National Average: 64
    Total Number of Accounts

    588

    National Average: 375,227
    Average Account Size

    $818.4 million

    National Average: $23.0 thousand
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    Products and Services

    Metlife Investment Management, LLC provides multiple services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. It is not engaged in selling products or offering services apart from investment advisory services to its investment advisory accounts. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, insurance company or agency 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.

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      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

    Fees for financial management vary depending on which services the firm provides the client. Fee types billed by the company likely are comprised of some blend of the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Metlife Investment Management, 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.

    • 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 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.

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    Types of Clients

    Metlife Investment Management, LLC manages money for a broad range of customers. Metlife Investment Management, LLC provides services to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 588 clients, Metlife Investment Management, LLC's largest client group is pension plans, but it also caters to five high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 24% of the firm's clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 1.95%
    • Other Individuals - 0%
    • Corporations - 96.11%
    • Charitable Organizations - 1.95%

    * 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

    Metlife Investment Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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