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About New York Life Investment Management LLC
New York Life Investment Management LLC is a financial firm based in New York City, known for its expertise in managing investment portfolios for its clients. With a team of experienced and knowledgeable advisors, New York Life Investment Management LLC aims to help clients reach their financial goals and secure their financial future.
How Does the Advisor Help Clients – Key Takeaways:
- Investment management expertise with a focus on building long-term client relationships
- Customized investment strategies based on client’s risk tolerance and financial goals
- Access to a wide range of financial services, including retirement planning and wealth management
- Transparent fee and compensation structure
Facts and Insights
New York Life Investment Management LLC has been in business for over 175 years and has accumulated a wealth of knowledge and experience in the financial industry. It is a subsidiary of New York Life Insurance Company, one of the largest mutual life insurance companies in the United States. As of 2021, New York Life Investment Management LLC has over $750 billion in assets under management and over 3,500 advisors serving clients across the country.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management | Number of Advisors | Time in Business |
|---|---|---|
| $750 billion | 3,500+ | Over 175 years |
Financial Services Offered
New York Life Investment Management LLC offers a range of financial services to help clients achieve their financial goals. These services include:
- Investment management
- Retirement planning
- Wealth management
- Estate planning
- Tax planning
Client Types
New York Life Investment Management LLC primarily serves individuals, families, and small business owners. With a personalized and tailored approach to investments, the firm is able to cater to clients with various financial needs and goals.
Fees & Compensation
New York Life Investment Management LLC believes in transparency when it comes to fees and compensation. The firm charges a management fee based on a percentage of assets under management, and may also receive compensation from third-party products or services recommended to clients. This fee structure ensures that the advisor’s interests are aligned with those of the clients.
Background
New York Life Investment Management LLC was founded in 1845 and has since established itself as a reputable and reliable financial firm. Its team of advisors consists of experienced and knowledgeable professionals who are committed to helping clients achieve their financial goals and secure their financial future.
Financial Advisor Disclosures to Know
New York Life Investment Management LLC operates under the fiduciary standard, which means it is legally obligated to act in the best interests of its clients. This eliminates any potential conflicts of interest and ensures that the firm’s advisors always prioritize the clients’ needs. Additionally, the firm adheres to strict compliance and regulatory standards to maintain the trust and confidence of its clients.