Dreyfus is an American investment management company that deals with investment products and strategies. It was established in 1951 and is currently headquartered in New York City. Dreyfus currently is a subsidiary of

BNY Mellon Investment Management BNY Mellon Investment Management (BNY Mellon IM) is the investment management division of BNY Mellon. It is one of the largest asset managers in the world with $2.4 trillion in assets under management as of December 31, 2021. BNY IM uses seven di ...

History

The firm's origin dates back to 1947, when investor

Jack Dreyfus John J. Dreyfus Jr. (August 28, 1913 – March 27, 2009) was an American financial expert and the founder of the Dreyfus Funds. Born in Montgomery, Alabama, Dreyfus was a graduate of Lehigh University in Pennsylvania. He is widely publicize ...

founded a brokerage house in New York City named Dreyfus & Co. In 1951, attracted by the concept of mutual funds, Dreyfus & Co. purchased a small management company named John G. Nesbett & Co., Inc. with a small common stock fund called The Nesbett Fund Incorporated. Nesbett & Co. was renamed The Dreyfus Corporation, and The Nesbett Fund became The Dreyfus Fund Incorporated. Going public in 1965, Dreyfus was among the first money management firms to tap into the stock market for additional capital. In 1976, Dreyfus was among the first fund companies to introduce an incorporated tax-exempt

municipal bond A municipal bond, commonly known as a muni, is a Bond (finance), bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal ...

fund. In 1994, Dreyfus completed its landmark merger with Mellon Bank Corporation, and became a wholly owned subsidiary of

Mellon Financial Corporation Mellon Financial Corporation was an investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, inc ...

. The merger, a milestone in the history of financial services in the United States, was at the time the largest-ever combination of a bank and mutual fund company. On July 1, 2007, The Bank of New York Company, Inc. and

merged to form a new company

The Bank of New York Mellon The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financ ...

, one of the world's largest global asset management and

securities services A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

companies. The reach of Dreyfus' distribution capabilities now extends to the resources of BNY Mellon and its exclusive network of institutional asset managers.

Current operations

As a BNY Mellon company, Dreyfus provides access to its global network of asset managers, delivering investment insight and products —

equity Equity may refer to: Finance, accounting and ownership * Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the dif ...

, fixed income, global/international and money market mutual funds,

separately managed account In the investment management industry, a separately managed account (SMA) is any of several different types of investment accounts. For example, an SMA may be an individual managed investment account; these are often offered by a brokerage firm t ...

s, retirement and cash management strategies,

asset allocation Asset allocation is the implementation of an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investor's risk tolerance, goals and investment tim ...

solutions and brokerage services. Dreyfus products are delivered through a variety of distribution channels:

intermediary An intermediary (or go-between) is a third party that offers intermediation services between two parties, which involves conveying messages between principals in a dispute, preventing direct contact and potential escalation of the issue. In l ...

(advisor-sold),

institutional Institutions are humanly devised structures of rules and norms that shape and constrain individual behavior. All definitions of institutions generally entail that there is a level of persistence and continuity. Laws, rules, social conventions a ...

, and retail direct.

References

{{Authority control Investment management companies of the United States