New York Life Investment Management LLC
Assets Under Management
$113.2B
Number of Clients
1,042
Number of Advisors
82
Average Client AUM
$108.6M
AUM per Advisor
$1.4B
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
NYLIM, a subsidiary of New York Life, offers investment advisory through its Multi-Asset Solutions team, Managed Accounts Group, and registered funds division. Services include asset allocation, multi-asset advisory, and operational/administrative support for managed accounts. They also develop proprietary financial indices and provide investment advisory services to collective investment trusts.
Fee Structure
Fees for Multi-Asset Solutions team range from 0.10% to 0.45% of assets under management, and are negotiable based on account size and objective. For Managed Accounts, clients pay a wrap fee to a third-party sponsor, which includes NYLIM's management fee ranging from 0.25% to 0.80% of assets under management. This fee varies depending on the sponsor, investment strategy, account type, services provided, and assets in the program.
Areas of Practice
Location
51 Madison Avenue, New York, NY, 10010