New York Life Asset Management Operating Co LLC (New York)

New York Life Asset Management Operating provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New York Life Asset Management Operating: assets under management

The assets under management (AUM) of New York Life Asset Management Operating Co LLC is $104.04 billion. The company doesn't manage any assets belonging to foreign clients.

The firm manages $103.95 billion in discretionary accounts and $89.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.32 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $44.8 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New York Life Asset Management Operating Co LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in New York

The principal office where New York Life Asset Management Operating Co LLC performs its advisory services is located at 51 Madison Avenue, New York, NY 10010, which is also the mailing address of the firm. An additional office of the firm is in Walnut Creek, CA. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 212-576-7000 or by fax 212-576-8080. The normal business hours are 9:00 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.nylim.com.

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