New York Life Asset Management Operating Co LLC is a large advisory firm based in New York. It manages $104.04 billion of regulatory assets for 81 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.
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.
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 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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.