BNY Mellon Wealth Management
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| Community Rating |
Rating not yet determined |
| Minimum Initial Investment | N/A |
| Median Account | N/A |
| Wealth Managers | 296 |
| U.S. AUM (billions) | $253 |
BNY Mellon Wealth Management Review
BNY Mellon Wealth Management is offered by The Bank of New York Mellon Corporation, founded in 1784 and based in New York, NY. BNY Mellon Wealth Management is available in 50 states (and Washington, DC).
BNY Mellon Wealth Management Pros & Cons
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BNY Mellon Wealth Management FAQ
What wealth management fees does BNY Mellon Wealth Management charge?
BNY Mellon Wealth Management uses the following fee models.
Fee-only model. The main advantage of this model is clients don't have to worry their wealth managers are influenced by commissions when making financial recommendations. Fee-only advisors have a fiduciary duty toward their clients. That means they are legally required to put their clients' interests first and cannot sell them a product they don't need or that goes against their goals or risk tolerance.
Performance or incentive model. In this model, instead of charging a fixed fee or a fee based on the assets under management, the wealth manager charges a percentage of the upside of a benchmark index. If the client's account does not beat the benchmark the manager forfeits the fee. This model closely aligns the incentives of wealth management companies and customers, but it can also push managers to take on higher risk.
What are the investment expense ratios of BNY Mellon Wealth Management?
Hiring a wealth management firm with competitive investment fees is one of the most important steps to maximizing your portfolios performance.
BNY Mellon Wealth Management charges an investment expense ratio that starts at 0.03% and ranges up to 1.5%What are the annual management fees of BNY Mellon Wealth Management?
BNY Mellon Wealth Management charges an annual management fee that starts at $25,000 and ranges up to $250,000 .| Description | |
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| Investment Expense Ratios | 0.03% - 1.5% |
| Management / Advisory Fee | $25,000 - $250,000 |
What wealth management services does BNY Mellon Wealth Management offer?
Wealth management companies typically offer a wide selection of services. The Bank of New York Mellon Corporation provides the following:
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What investment vehicles does BNY Mellon Wealth Management offer?
A well-balanced portfolio should include a mix of investments, such as stocks, bonds, real estate, and other investment vehicles. It should also contain assets with varying levels and types of risk to help minimize the overall impact if one of the portfolio's assets loses its value.
The Bank of New York Mellon Corporation offers the following types of investment portfolios and account types.
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These are the investment options The Bank of New York Mellon Corporation offers its clients.
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What is the minimum amount you have to invest to open an account with BNY Mellon Wealth Management?
Contact
- Headquarters
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One Wall Street, 21st Floor
New York, NY 10286 - (866) 804-5023
- Visit Site
- Email Support
Other Services by The Bank of New York Mellon Corporation
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Fee Model |
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| Investment Expense Ratios | 0.03% - 1.5% |
| Management / Advisory Fee | $25,000 - $250,000 |
BNY Mellon Wealth Management Community Reviews
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