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  BNY Mellon Wealth Management

BNY Mellon Wealth Management

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BNY Mellon Wealth Management

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Highlights
Highlights
Median Account N/A
Minimum Account N/A
U.S. AUM (billions) $253
Wealth Managers 296

BNY Mellon Wealth Management Review

BNY Mellon Wealth Management is offered by BNY Mellon Wealth Management, founded in 1784 and based in New York, NY. BNY Mellon Wealth Management is offered in 50 states (and Washington, DC).

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 .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 .
BNY Mellon Wealth Management Fees
Description
Investment Expense Ratios 0.03% - 1.5%
Fee Model
  • Management and/or advisory fee
  • Performance or incentive fees
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. BNY Mellon Wealth Management provides the following:

Wealth Management Services Offered Options
Supported Options Unsupported Options
  • Strategic Research
  • Cash management
  • Accounting
  • Estate Planning
  • Investment Advice
  • Tax Planning
  • Acquisitions and dispositions
  • Financial reporting
  • Due diligence
  • 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.

    BNY Mellon Wealth Management offers the following types of investment portfolios and account types.

    Investment Vehicles Options
    Supported Options Unsupported Options
  • Real estate securities
  • Separate accounts
  • Commingled funds
  • Real estate debt
  • Co-investment programs
  • Global indirect investments
  • Strategic partnerships
  • These are the investment options BNY Mellon Wealth Management offers its clients.

    Investment Choices Options
    Supported Options Unsupported Options
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Real Estate
  • ETFs
  • FOREX
  • Futures
  • Pink Sheets / OTCBB
  • Startups
  • Marketplace Loans
  • International Stocks
  • Cryptocurrencies
  • What is the minimum amount you have to invest to open an account with BNY Mellon Wealth Management?

    How does BNY Mellon Wealth Management compare to other wealth management companies?

    Pros & Cons of BNY Mellon Wealth Management
    Pros Cons
  • Offers tax planning services.
  • Provides personalized investment advice.
  • Includes estate planning.
  • Wide selection of wealth management services offered.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • There is no specified amount for opening an account (although the minimum annual fee starts at $25,000, so only high dollar clients would qualify)
  • Possible conflict of interest with employees earning commissions from securities sales.
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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    Other Services by BNY Mellon Wealth Management

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Management / Advisory Fee $25,000 - $250,000
    Investment Expense Ratios 0.03% - 1.5%
    U.S. AUM (billions) $253
    Wealth Managers 296
    Wealth Management Expertise
    • Investing Advice
    • Real Estate Investing
    • Tax Planning
    Wealth Management Services Offered
    • Accounting
    • Cash management
    • Estate Planning
    • Investment Advice
    • Strategic Research
    • Tax Planning
    Investment Vehicles
    • Real estate securities
    • Separate accounts

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