BNY Mellon Securities Corporation (BNYSC) provides investment advice to clients of wrap programs sponsored by other financial institutions. BNYSC acts as a sub-advisor, providing model portfolios or directly advising on client accounts. BNYSC may use affiliated investment managers to help with investment recommendations. BNYSC also sponsors its own wrap fee program, the BNY Managed Asset Program.
Fee Structure
BNY Mellon Securities Corporation (BNYSC) does not directly charge fees to individual clients. Instead, BNYSC receives a portion of the wrap fee that the client pays to the Program Sponsor. This portion typically ranges from 0.00% to 0.50% annually, depending on the Program Sponsor, the type of account, the level of support provided by BNYSC, and the size of the client’s assets in the specific investment strategy.