New York Life Investment Management LLC

CRD#109591
Investment Advisor Firm

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Learn more about New York Life Investment Management LLC

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

    • Overview

    New York Life Investment Management LLC is located at 51 Madison Avenue, New York, NY. The firm employs 14 financial advisors to manage client portfolios and provide financial guidance. New York Life Investment Management LLC is not a registered broker-dealer.

    New York Life Investment Management LLC oversees $99.3 billion in assets under management across 1,160 accounts, of which 1,149 are discretionary and 11 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to retail investors, investment companies, pooled investment vehicles, and corporations, with retail investors being the largest client type by accounts. The fee structure at New York Life Investment Management LLC includes asset-based and fixed fees. The firm maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, pension consultant, and commodity pool advisor.

    New York Life Investment Management LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $99.3 billion

    Number of Advisors

    14

    Disclosures

    No

    Office Location

    51 Madison Avenue
    New York, NY 10010

    New York Life Investment Management LLC by the Numbers

    Total Assets Under Management

    $99.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    319

    National Average: 64
    Total Number of Accounts

    1,160

    National Average: 375,227
    Average Account Size

    $85.6 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors largely depend on the type of services offered. Fees billed by New York Life Investment Management LLC can consist of some combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by New York Life 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 32% of firms

      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.

    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 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.

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    Types of Clients

    It provides services to retail investors, investment companies, pooled investment vehicles, and corporations. Out of its 4 clients, New York Life Investment Management LLC's biggest client group by number of accounts is investment companies.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 91.27%
    • Corporations - 8.73%
    • 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

    Johnson Asase Jr
    New York, NY
    Aisha Elezi
    New York, NY
    John Daniel
    Atlanta, GA
    Sean Youn
    New York, NY
    Travis Caswell
    New York, NY
    Gregory Maffei
    New York, NY
    Matthew Godelman
    Holmdel, NJ
    Kevin Moore
    Mystic, CT
    Lisa Duttry
    New York, NY

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