What Services Does BNY Mellon Wealth Management Provide?


Quick Answer

BNY Mellon Wealth Management provides alternative investment services, asset services, investment management services, broker-dealer services and collateral services. BNY Mellon also provides corporate hedge fund and trust services, as of 2015.

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Full Answer

BNY Mellon Wealth Management serves a variety of customers, including individuals and families, corporations and the federal government. It also offers services to insurance companies, including those offering life, health, or property and casualty insurance. BNY Mellon helps insurance companies expand and diversify their investment options, boost their investment performances, and monitor their investment performance. BNY Mellon also assists insurance companies in increasing their transparency, maximizing their liquidity and complying with state, industry and a number of regulatory bodies.

BNY Mellon also provides services to a number of not-for-profit and public clients to help them with investment and gift management services, donor support services for charitable gift programs, and assistance with investments. It also provides expertise in the specialized investment needs of endowments and foundations. Public client services include agency and administrative services, compliance reporting and trustee services. Other services provided by BNY Mellon Wealth Management for public and not-for-profit companies include benefit disbursements, liquidity services, outsourcing services and lock box services.

BNY Mellon was started by Alexander Hamilton in 1784, making it one of the longest-lasting financial institutions in America, as well as in the world, according to the company website.

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