New York Life Investment Management LLC provides investment management and advisory services to institutional clients, investment companies, pooled vehicles, and individual retail investors through managed account and wrap fee programs. Founded in 2000 and operating as an indirect subsidiary of New York Life Insurance Company, the firm manages assets across multiple specialized divisions, including a multi-asset solutions team, an index development team, and a managed account group. The multi-asset solutions team offers asset allocation, tactical strategies, and fund-of-funds management using both proprietary and third-party funds. The managed account group provides operational, administrative, and trading services for high-net-worth individuals and retail separately managed accounts, often partnering with third-party program sponsors and subadvisers. Additionally, the firm serves as an investment adviser for registered investment companies, mutual funds, and exchange-traded funds. Investment strategies span equities, fixed income, convertible securities, municipal bonds, and multi-asset income models, tailored to meet specific client guidelines and restrictions.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.80% |
Custom separate account management fees typically range from 0.10% to 0.45%. Managed account wrap program fees generally range from 0.25% to 0.80% based on the sponsor, investment strategy, and account size.