New York Life Investment Management LLC (New York)


New York Life Investment Management LLC is a large advisory firm based in New York. It manages $81.78 billion of regulatory assets for 1,222 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

New York Life Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Investment Management: assets under management

The assets under management (AUM) of New York Life Investment Management LLC is $81.78 billion. The firm's AUM has gone down by -25% since the beginning of its operation, and $1.45 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $77.33 billion in discretionary accounts and $4.44 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $63.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $555.55 million.

Investments

The firm invests in other assets the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New York Life Investment Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brian Andrew Murdock serves?

The firm provides services to individuals, insurance companies, investment companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Brian Andrew Murdock is investment companies with 81 clients and $76.45 billion of assets under management. Among the 6 most similar advisory firms, New York Life Investment Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $81.78 billion for 1,220 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

New York Life Investment Management doesn't advise any private funds.

Careers at New York Life Investment Management LLC

The company employs 328 people that are either part- or full-time employees. 4 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Brian Andrew Murdock has been acting as President since 1 May 2004. Jae Sung Yoon has served as the Chief Investment Officer since 1 Aug 2016. Allen Thomas Smith joined the executive team most recently as the Managing Director/General Counsel.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
New York Life Investment Management Holdings Llc Sole member/direct & sole interest holder 1 Dec 1999 75% - 100% 52-2206682
Ravindranath Akhoury Manager 1 Dec 1999 Other 823252
Howard I Atkins Manager 1 Dec 1999 Other 2195519
Jefferson Carlisle Boyce Senior managing director 1 Dec 1999 Other 1836292
Patrick George Boyle Senior managing director 1 Dec 1999 Other 1831414
Marc Jerold Brookman Senior managing director 1 Dec 1999 Other 1614415
Derek David Burke Managing director and chief compl. office 1 Dec 1999 Other 2709305
Chong Piaw Huan Chief information officer, senior managing director 1 Dec 1999 Other 1885647
Frank Joseph Ollari Senior managing director 1 Dec 1999 Other 4361116
Stephen Craig Roussin President & ceo 1 Dec 1999 Other 1441872
Richard Cory Schwartz Senior managing director 1 Dec 1999 Other 1729939
Seymour Sternberg Manager 1 Dec 1999 Other 1665885
Arthur Harutyun Seter Senior managing director 1 Dec 1999 Other 1146685
Mark W Talgo Senior managing director 1 Dec 1999 Other 4779923
Gary Edward Wendlandt Manager, chairman, member of audit committee 1 Dec 1999 Other 4323233
Brian Arthur Lee Senior managing director 1 Mar 2000 Other 1784806
Gary Edward Wendlandt Manager, chairman & ceo 1 Mar 2000 Other 4323233
Robert Anthony Anselmi Sr. managing director/general counsel 1 May 2000 Other 6268
John Edward Schumacher Senior managing director 1 Jul 2000 Other 2121385
Wesley George Mccain Senior managing director 1 Dec 2000 Other 4342566
Richard B Leber Manager 1 Dec 2000 Other 4516120
Steven A Schneider Senior managing director 1 Jul 2001 Other 4332721
Barry A Schub Senior managing director 1 Oct 2001 Other 4223404
Michael Edward Sproule Manager 1 Jul 2002 Other 1842826
Alison H Micucci Chief compliance officer 1 Jun 2003 Other 2709298
Alison Hiers Micucci Chief compliance officer 1 Jun 2003 Other 2709298
Michael Edward Sproule Manager, chairman of audit committee 1 Jun 2003 Other 1842826
Brian Andrew Murdock President 1 May 2004 Other 1029254
Gary Gideon Benanav Manager 1 Jun 2004 Other 2257484
Barry A Schub Executive vice president 1 Jun 2004 Other 4223404
Christopher Owsley Blunt Executive vice president 1 Jul 2004 Other 1557026
Tony H Elavia Senior managing director 1 Sep 2004 Other 1962602
William Francis Gibson Mangaing director and chief financial officer 1 Feb 2005 Other 2385854
Stephen Paul Fisher Senior managing director 1 Mar 2005 Other 1226344
Frederick James Sievert Manager 1 Jun 2005 Other 2746844
Theodore A Mathas Manager 1 Jun 2005 Other 4516106
Allan Dowiak Senior managing director, head of human resources 1 Jul 2005 Other 5119337
Seymour Sternberg Manager, member of compensation committee 1 Sep 2005 Other 1665885
Anthony Ramsey Malloy Senior managing director 1 Oct 2005 Other 3035428
Thomas Allan Clough Senior managing director 1 Feb 2006 Other 2591355
Donald Adrian Salama Senior managing director 1 Feb 2006 Other 2716850
Alison Hiers Micucci Chief compliance officer and senior managing director 1 Feb 2006 Other 2709298
Stephen W Mandella Senior managing director head of finance 1 May 2006 Other 4934235
Julia Ann Warren Senior managing director 1 Jun 2006 Other 2051222
Susan Lee Paternoster Senior managing director 1 Jun 2006 Other 2851503
Brian Andrew Murdock President & ceo 1 Jul 2006 Other 1029254
Gary Edward Wendlandt Manager, chairman, member of audit committee 1 Jun 2007 Other 4323233
Theodore A Mathas Manager, member of compensation committee 1 Jun 2007 Other 4516106
Jae Sung Yoon Senior managing director 1 Jul 2007 Other 2262927
Stephen W Mandella Senior managing director 1 Oct 2007 Other 4934235
David G Bedard Senior managing director/chief financial officer 1 Oct 2007 Other 5480913
George Sydney Shively Senior managing director, general counsel and secretary 1 Jan 2008 Other 5114029
Robert Anthony Anselmi Sr. managing director/vice chairman 1 Jan 2008 Other 6268
George S Shively Sr. managing director/general counsel 1 Jan 2008 Other 5114029
David G Bedard Senior managing director/chief financial officer 1 Jan 2008 Other 5480913
John Yong Kim President, chief executive officer and chief investment officer 1 Apr 2008 Other 2010539
John Carmine Siciliano Senior managing director 1 Jan 2009 Other 1022427
Tara M Mcaleer Chief compliance officer and senior managing director 1 Nov 2009 Other 5579284
Sara Louise Badler Senior managing director 1 Nov 2009 Other 1795127
Drew Edward Lawton Senior managing director 1 Feb 2010 Other 1173631
Daniel Albert Andriola Chief financial officer 1 May 2010 Other 4553273
John Michael Grady Chief financial officer and senior managing director 1 Nov 2010 Other 4380203
Drew Edward Lawton Head of traditional scale businesses, senior managing director 1 Nov 2010 Other 1173631
Yie Hsin Hung Head of alternative scale businesses, senior managing director 1 Nov 2010 Other 1586401
David John Castellani Senior managing director 1 Nov 2010 Other 721434
Barry A Schub Manager 1 Jan 2011 Other 4223404
Drew Edward Lawton Head of traditional scale businesses, executive vice president 1 Jan 2011 Other 1173631
Yie Hsin Hung Head of alternative scale businesses, executive vice president 1 Jan 2011 Other 1586401
John Andrew Cullen Manager 1 Jan 2011 Other 4624830
John Thomas Fleurant Elected manager, chairman of audit committee 1 Apr 2011 Other 2683258
Anthony Ramsey Malloy Senior managing director 1 Apr 2011 Other 3035428
Anthony Ramsey Malloy Executive vice president 1 Jul 2011 Other 3035428
Alison Hiers Micucci Senior managing director, chief administrative officer 1 Mar 2012 Other 2709298
Stephen Paul Fisher Senior managing director, chief marketing officer 1 Mar 2012 Other 1226344
Drew Edward Lawton Executive vice president, retirement solutions 1 Mar 2012 Other 1173631
Yie Hsin Hung Executive vice president, head of institutional investments 1 Mar 2012 Other 1586401
Donald M Desiderato Senior managing director, chief technology officer 1 May 2012 Other 6095502
Christopher Ashe Vice president, chief financial officer 1 Jul 2012 Other 6095999
Christopher Thomas Ashe Vice president, deputy chief financial officer 1 Jul 2012 Other 6095999
Gideon Anthony Pell Chief risk officer 1 Sep 2012 Other 2545384
David Gerald Bedard Elected manager, chief financial officer 1 Oct 2013 Other 5480913
Patrick Michael Murphy Senior managing director, retirement plan services 1 Oct 2013 Other 1855816
David G Bedard Senior managing director, chief financial officer 1 Oct 2013 Other 5480913
John Yong Kim Elected manager, chairman of board and compensation committee 1 Jan 2014 Other 2010539
Stephen Paul Fisher Elected manager and co-president 1 Jan 2014 Other 1226344
Drew Edward Lawton Elected manager, chief executive officer 1 Jan 2014 Other 1173631
Yie Hsin Hung Elected manager and co-president 1 Jan 2014 Other 1586401
Dawn Pallitto Chief compliance officer 1 Jan 2014 Other 6059014
Francis Michael Harte Chief financial officer 1 Jun 2014 Other 1976402
Arthur Harutyun Seter Elected manager 1 Jan 2015 Other 1146685
Stephen Paul Fisher Elected manager and president 1 Jun 2015 Other 1226344
Yie Hsin Nmn Hung Elected manager, chairman and chief executive officer 1 Jun 2015 Other 1586401
Christopher Owsley Blunt Elected manager 1 Jun 2015 Other 1557026
Swati S Scanlon Chief risk officer 1 Jun 2015 Other 5600619
Dale Alexander Hanley Chief risk officer 1 Oct 2015 Other 4213787
Sara Louise Badler Chief compliance officer 1 Dec 2015 Other 1795127
Kevin Michael Bopp Chief compliance officer 1 Jan 2016 Other 6468135
Jae Sung Yoon Chief investment officer 1 Aug 2016 Other 2262927
Kirk Christopher Lehneis Chief operating officer 1 Jan 2017 Other 6773807
Allen Thomas Smith Managing director/general counsel 1 Mar 2018 Other 3200669

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
New York Life Insurance Company Indirect interest holder 1 Dec 1999 75% - 100% 13-5582869

Based in New York

The principal office where New York Life Investment Management LLC performs its advisory services is located at 51 Madison Avenue, New York, NY 10010, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-576-7000. 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 nylinvestments.com and its LinkedIn profile.

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