Bny Mellon Investor Solutions, LLC
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Overview
Bny Mellon Investor Solutions, LLC is an advisory company that has its headquarters in Boston, Massachusetts. The company handles $853.0 million in assets throughout nine accounts, placing it among the larger firms in the country by assets under management (AUM). Bny Mellon Investor Solutions, LLC has an average-sized group, including 37 financial advisors. Bny Mellon Investor Solutions, 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 customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets such as bonds, equities and options.
Bny Mellon Investor Solutions, LLC oversees all of the firm's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions for the client's account without needing the customer's authorization. The advisory firm's average account size is $94.8 million. An average financial advisor at Bny Mellon Investor Solutions, LLC manages fewer than one client account, making it one of the most individualized advisor firms in the country.
Bny Mellon Investor Solutions, LLC's headquarters is located at Bny Mellon Center, Boston, Massachusetts 2108. The firm is permitted to provide services to clients across 19 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Bny Mellon Investor Solutions, LLC by the Numbers
$853.0 million
54
9
$94.8 million
Products and Services
Bny Mellon Investor Solutions, LLC provides multiple financial services, which can include portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. However, the firm did not provide financial planning services to any of its clients in the previous fiscal year. The company does not sell products or offer services aside from investment advice to its investment advisory clients. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, 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.
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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
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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.
Fee Structure
Fees for financial management vary depending on which services the firm provides the client. Fees billed by Bny Mellon Investor Solutions, LLC likely include the following fee structures: asset-based, fixed or performance-based. Bny Mellon Investor Solutions, LLC does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm caters to charitable organizations. Out of its nine customers, Bny Mellon Investor Solutions, LLC's largest client is charitable organizations. About 36% of its customers are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 0%
- Charitable Organizations - 100%
* 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 Investor Solutions, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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