{
  "crd_number": 109591,
  "slug": "new-york-life-investment-management-llc-new-york-ny-109591",
  "primary_business_name": "NEW YORK LIFE INVESTMENT MANAGEMENT LLC",
  "legal_name": "NEW YORK LIFE INVESTMENT MANAGEMENT LLC",
  "dbas": [
    "NEW YORK LIFE INVESTMENT MANAGEMENT",
    "NYLI"
  ],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2000-03-20",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 120697893028.0,
  "raum_discretionary": 118627503709.0,
  "raum_non_discretionary": 2070389319.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 364,
  "advisory_employees": 18,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 27101109.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 572863507.0,
      "count": 808
    },
    "insurance_companies": {
      "raum": 1023977809.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 116175031663.0,
      "count": 105
    },
    "pension_profit_sharing": {
      "raum": 292506696.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 1141605103.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 1407042460.0,
      "count": 18
    },
    "sovereign_wealth_foreign_official": {
      "raum": 57764681.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/NYLInvestmentManagement",
    "https://instagram.com/nyinvestmentmanagement",
    "https://linkedin.com/company/apogem-capital",
    "https://linkedin.com/company/mackay-municipal-managers",
    "https://linkedin.com/company/mackay-shields",
    "https://linkedin.com/company/nylim",
    "https://nylim.com",
    "https://nylim.jp",
    "https://reddit.com/user/NYLInvestments",
    "https://tiktok/@nylinvestmentmanagement",
    "https://twitter.com/MacKayMuniMgrs",
    "https://twitter.com/mackayshields",
    "https://x.com/NYLIManagement",
    "https://youtube.com/@NYLInvestmentManagement"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109591",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/new-york-life-investment-management-llc-new-york-ny-109591",
  "display_name": "New York Life Investment Management LLC",
  "summary": "New York Life Investment Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. New York Life Investment Management LLC (CRD 109591): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is New York Life Investment Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), New York Life Investment Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is New York Life Investment Management LLC located?",
      "a": "New York Life Investment Management LLC's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is New York Life Investment Management LLC registered with the SEC or a state?",
      "a": "New York Life Investment Management LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 109591."
    },
    {
      "q": "How much does New York Life Investment Management LLC manage?",
      "a": "New York Life Investment Management LLC reports $120,697,893,028 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (98% discretionary)."
    },
    {
      "q": "How have New York Life Investment Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for New York Life Investment Management LLC: Regulatory assets under management: $105,512,931,728 in the October 2021 data and $120,697,893,028 in the October 2026 data, up 14%. Total employees: 348 in October 2021 and 364 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does New York Life Investment Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (808); investment companies (105); corporations or other businesses not listed above (18)."
    },
    {
      "q": "Which custodians does New York Life Investment Management LLC use?",
      "a": "New York Life Investment Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does New York Life Investment Management LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/109591"
    },
    {
      "q": "What changed in New York Life Investment Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name New York Life Investments. Added the business name New York Life Investment Management. Its Item 11 disclosure answers changed. Employees performing advisory functions went from 20 to 18."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 105512931728.0,
      "total_employees": 348,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 110955241841.0,
      "total_employees": 329,
      "filing_date": "2022-07-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 91929374471.0,
      "total_employees": 335,
      "filing_date": "2023-05-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 109067423343.0,
      "total_employees": 350,
      "filing_date": "2024-09-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 113162976263.0,
      "total_employees": 349,
      "filing_date": "2025-07-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 120697893028.0,
      "total_employees": 364,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name New York Life Investments.",
        "Added the business name New York Life Investment Management.",
        "Its Item 11 disclosure answers changed.",
        "Employees performing advisory functions went from 20 to 18."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Merrill Lynch, Pierce, Fenner & Smith Incorporated",
      "name_as_filed": "MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED",
      "affiliated": false
    },
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "UBS Financial Services Inc.",
      "name_as_filed": "UBS FINANCIAL SERVICES INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/new-york-life-investment-management-llc-new-york-ny-109591.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 808,
      "fewer_than_5": false,
      "raum": 572863507.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 105,
      "fewer_than_5": false,
      "raum": 116175031663.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 1141605103.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 292506696.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 27101109.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 1023977809.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 57764681.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 18,
      "fewer_than_5": false,
      "raum": 1407042460.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109591",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}