Mellon Investments Corporation (MIC) is a registered investment advisor providing discretionary advice to institutional clients, including pension funds, sovereign wealth funds, central banks, endowments, trusts, foundations, insurance companies, registered mutual funds, and other institutions. MIC operates through two divisions: Mellon (index management) and Dreyfus (cash management and short duration strategies). Clients access services through investment management agreements, wrap fee programs, or by investing in commingled vehicles. MIC also offers customized tax solutions, including Direct Indexing and Tax Overlay.
Fee Structure
Mellon Investments Corporation (MIC) primarily serves institutional clients and offers investment management services through separate accounts and pooled investment vehicles. Fees for separate accounts are charged as a percentage of assets under management, calculated based on the market value of the account and typically invoiced monthly or quarterly. MIC also receives compensation for advisory or sub-advisory services to investment companies and other entities based on a percentage of assets under management. For Tax Overlay services, MIC receives a maximum annual fee of 0.10%. Minimum annual fees for separately managed accounts typically range from $50,000 to $200,000, depending on the strategy, but are negotiable.