Clients
New York Life Investment Management serves 933 clients, 808 of them individuals. The average client has about $129 million with the firm.
- Investment companies105 clients96%
- OtherIndividuals, Pooled investment vehicles, Pension and profit-sharing plans, Charitable organizations, Insurance companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses4%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 808 | $572,863,507 | 0.5% | $709K |
| Investment companies | 105 | $116,175,031,663 | 96.3% | $1.11B |
| Pooled investment vehicles | 2 | $1,141,605,103 | 0.9% | $570.8M |
| Pension and profit-sharing plans | Not reported | $292,506,696 | 0.2% | — |
| Charitable organizations | Not reported | $27,101,109 | 0.0% | — |
| Insurance companies | Not reported | $1,023,977,809 | 0.8% | — |
| Sovereign wealth funds and foreign official institutions | Not reported | $57,764,681 | 0.0% | — |
| Corporations and other businesses | 18 | $1,407,042,460 | 1.2% | $78.2M |
| Total | 933 | $120,697,893,028 | 100% | $129.4M |
- Clients
- 808
- Regulatory AUM
- $572,863,507
- Share
- 0.5%
- Avg. per client
- $709K
- Clients
- 105
- Regulatory AUM
- $116,175,031,663
- Share
- 96.3%
- Avg. per client
- $1.11B
- Clients
- 2
- Regulatory AUM
- $1,141,605,103
- Share
- 0.9%
- Avg. per client
- $570.8M
- Clients
- Not reported
- Regulatory AUM
- $292,506,696
- Share
- 0.2%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $27,101,109
- Share
- 0.0%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $1,023,977,809
- Share
- 0.8%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $57,764,681
- Share
- 0.0%
- Avg. per client
- —
- Clients
- 18
- Regulatory AUM
- $1,407,042,460
- Share
- 1.2%
- Avg. per client
- $78.2M
Total
- Clients
- 933
- Regulatory AUM
- $120,697,893,028
- Share
- 100%
- Avg. per client
- $129.4M
What it does
New York Life Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and fixed fees.
New York Life Investment Management advises no private funds.
98.3% of assets ($118.63B across 928 accounts) are managed with discretion; $2.07B across 11 accounts are not. $1.98B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks12%
- Bonds68%
- Investment grade corporate bonds53%
- State and local bonds15%
- Cash2%
- Other18%
- Convertible bonds/convertible preferred18%
Custodians
New York Life Investment Management’s client accounts are held mainly at Merrill Lynch, Pierce, Fenner & Smith, with 1% of managed assets, and Morgan Stanley, with 0%. New York Life Investment Management does not have custody of client assets.
- Merrill Lynch, Pierce, Fenner & SmithMerrill Lynch, Pierce, Fenner & Smith Incorporated · New York, NY · $952.3M1%
- OtherMorgan Stanley, UBS Financial Services, All other custodians99%
Ownership and leadership
New York Life Investment Management Holdings LLC owns 75% or more of New York Life Investment Management, and Naim Abou-Jaoude is its CEO.
- Owns 75% or more of New York Life Investment Management LLC
New York Life Investment Management Holdings LLC
Control person · since December 1999
- Owns 75% or more of New York Life Investment Management Holdings LLC
New York Life Insurance Company
Control person · since December 1999
Leadership
- Naim Abou-JaoudeChief Executive Officer
- Kirk LehneisChief Operating Officer
- Kevin BoppChief Compliance Officer
- Maureen CroninSVP, Deputy General Counsel and Chief Investments Counsel
- Dale HanleyElected Manager
- Francis HarteElected Manager
- Alain KaraoglanElected Manager
- Craig SabalElected Manager
Staff
- 364 employees
- 18 in advisory functions
- 192 broker-dealer reps
Reported holdings
New York Life Investment Management’s reported 13F holdings total $14.32B across 778 positions, and the ten largest make up 28.5% of it.
- $14.32B
- Reported 13F value
- 778
- Positions
- 28.5%
- In the 10 largest
- —
- Value vs. prior quarter
- Nvidia Corporation5.1%
- Apple Inc.4.7%
- Microsoft Corp.3.0%
- New York Life Investments ET · Nyli US LC R&d L2.6%
- Amazon Com Inc.2.5%
- Alphabet Inc. · Cap Stk CL A2.4%
- New York Life Investments ET · Candriam US Mid2.3%
- New York Life Investments ET · Candriam US Lrg2.1%
- New York Life Invts Active E · Mack Core BD ETF1.9%
- Broadcom Inc.1.8%
Together, the ten largest are 28.5% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $14.32B is not its $120.70B in regulatory assets and does not represent any individual client's portfolio.
Fees
New York Life Investment Management is paid through a percentage of assets under management and fixed fees (other than subscription fees).
New York Life Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, New York Life Investment Management has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 51 Madison Avenue, New YorkHQ
Other business names
New York Life Investment Management has reported 2 other business names to the SEC.
- New York Life Investment Management
- Nyli
Registration details
- Legal name
- New York Life Investment Management LLC
- Headquarters
- 51 Madison Avenue, New York, NY 10010
- Phone
- 888-474-7725
- Website
- nylim.com
- SEC file
- 801-57396
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does New York Life Investment Management have?
New York Life Investment Management has 933 clients and manages $120.7 billion for them, as of March 2026. They include 808 individuals, 105 investment companies and 18 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does New York Life Investment Management offer?
New York Life Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does New York Life Investment Management use?
New York Life Investment Management’s separately managed account assets are held at Merrill Lynch, Pierce, Fenner & Smith Incorporated (New York, NY), with $952,325,492, Morgan Stanley Smith Barney LLC (Purchase, NY), with $331,273,226 and UBS Financial Services Inc. (Weehawken, NJ), with $194,021,158. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does New York Life Investment Management have?
New York Life Investment Management has 0 investment adviser representatives registered with state securities authorities, out of 364 employees, and 18 perform investment advisory functions. 192 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does New York Life Investment Management invest in?
At the end of its last fiscal year, New York Life Investment Management’s separately managed accounts held 53% investment grade corporate bonds, 18% convertible bonds/convertible preferred, 15% state and local bonds, 12% exchange-traded equities and 2% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns New York Life Investment Management?
New York Life Investment Management is owned through a holding company by New York Life Insurance Company. Its direct owner is New York Life Investment Management Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does New York Life Investment Management get paid?
New York Life Investment Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file