New York Life Investments is a U.S.

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

company based in

Jersey City Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark.service mark A service mark or servicemark is a trademark used in the United States and several other countries to identify a service rather than a product. When a service mark is federally registered, the standard registration symbol ® or "Reg U.S. ...

and

trade name A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name w ...

of New York Life Investment Management LLC. Founded in 1986, New York Life Investment's parent company is

New York Life Insurance Company New York Life Insurance Company (NYLIC) is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #67 on the 2021 Fortune 500 list of the largest United State ...

, the largest mutual

life-insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

company in the United States, and one of the largest life insurers in the world, ranking #71 on the 2023

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

list. New York Life Investments offers

investors An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

access to institutional

money management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

through its

mutual funds A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV i ...

exchange-traded funds An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the ...

(ETFs), separately managed accounts, and non-traditional strategies. New York Life Investments has over $674 billion

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

in assets under management.

History

Founded in 1986, New York Life Investments provides investment advisory services to financial advisors and their clients. An independent subsidiary of New York Life Insurance Company, over the years New York Life Investments has added to its boutique of investment advisors. This includes MacKay Shields (acquired by New York Life in 1984), Markston International, LLC (1999), New York Life Fixed Income Advisors (2004), Winslow Capital Management (2005), Epoch Investment Partners (2006), MacKay Municipal Managers (2009), Cornerstone Capital Management (2013), Cushing Asset Management (2014), and IndexIQ (2015).

References

External links

IndexIQ ETFs

MainStay Funds

Investment Insights
{{DEFAULTSORT:New York Life Investments Investment management companies of the United States American companies established in 1986 Financial services companies established in 1986 1986 establishments in New Jersey New York Life Insurance Company