Bny Mellon Etf Investment Adviser, LLC

CRD#306148
Investment Advisor Firm

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Learn more about Bny Mellon Etf Investment Adviser, LLC

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

    • Overview

    Bny Mellon Etf Investment Adviser, LLC is a financial advisor company that has its headquarters in Boston, Massachusetts. The firm handles $1.4 billion in assets under management throughout 15 client accounts, placing it among the biggest firms in the United States by assets under management (AUM). The firm has a small group, including 2 financial advisors. Bny Mellon Etf Investment Adviser, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as bonds, options and stocks.

    Bny Mellon Etf Investment Adviser, LLC oversees all of the firm's client assets on a discretionary basis. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without requiring the customer's authorization. Bny Mellon Etf Investment Adviser, LLC's average account size is $92.5 million. An average advisor at Bny Mellon Etf Investment Adviser, LLC administers about eight client accounts, placing it among the more personalized advisor firms in the country.

    The firm's headquarters is located at 201 Washington Street, Boston, Massachusetts 2108.

    Assets Under Management

    $1.4 billion

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    201 Washington Street
    Boston, MA 02108

    Bny Mellon Etf Investment Adviser, LLC by the Numbers

    Total Assets Under Management

    $1.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    15

    National Average: 375,227
    Average Account Size

    $92.5 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice largely depend on the type of services offered. Fees charged by the firm typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

    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 Etf Investment Adviser, LLC caters to investment companies. Out of its 15 accounts, Bny Mellon Etf Investment Adviser, LLC's largest client group by number of accounts is investment companies. None of its accounts are from outside of the U.S.

    • 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

    Bny Mellon Etf Investment Adviser, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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