New York Life Investment Management (NYLIM) offers investment advice through its Multi-Asset Solutions team, Managed Accounts Group, and registered funds division. NYLIM provides tailored investment advisory services to institutional clients, investment companies, pooled investment vehicles, and individuals through wrap/managed account programs. The firm also develops and maintains proprietary financial indices. NYLIM does not directly manage investments for individual investors, but rather through wrap fee programs.
Fee Structure
NYLIM does not directly manage investments for individual investors. Instead, NYLIM provides operational, administrative, and trading services for managed accounts offered through wrap fee programs sponsored by other firms. As part of these programs, NYLIM may engage subadvisors to provide investment advice and trade execution. The annual management fee ranges from 0.25% to 0.80% of assets under management, paid by the sponsor or client, and varies depending on the sponsor, investment strategy, account type, services provided, and assets in the program.