Bny Mellon Securities Corporation (New York)

Name: Bny Mellon Securities Corporation
Address: 200 Park Avenue, New York, NY, 10166
Telephone: 212-922-7145

Bny Mellon Securities Corporation is a large advisory firm based in New York. It manages $1.48 billion of regulatory assets for 3,822 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Bny Mellon Securities Corporation provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and mbsc sponsors a wrap fee program, and serves as a portfolio mgr or model provider to third party wrap sponsors.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bny Mellon Securities Corporation: assets under management

The assets under management (AUM) of Bny Mellon Securities Corporation is $1.48 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $1.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $687.17 million in discretionary accounts and $795.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $433.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $355.89 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in state and local bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bny Mellon Securities Corporation for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kenneth James Bradle serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kenneth James Bradle is individuals with 3,067 clients and $663.28 million of assets under management. Among the 13 most similar advisory firms, Bny Mellon Securities Corporation has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.19 billion for 3,814 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Bny Mellon Securities Corporation doesn't advise any private funds.

Careers at Bny Mellon Securities Corporation

The company employs 355 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. 264 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kenneth James Bradle has been acting as President since 1 May 2009. John P Shea joined the executive team most recently as the Principal Financial Officer & Finop.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Bny Mellon Investment Adviser	Direct owner	1 Jan 1968	75% - 100%	13-5673135
Kenneth James Bradle	President	1 May 2009	Other	1827956
Tracy Ann Hopkins Condon	Executive vice president	1 Feb 2014	Other	1416315
Brie Anne Elizabeth Steingarten	Corporate secretary & chief legal officer (clo)	1 Mar 2014	Other	5373977
John Squillace	Chief compliance officer (investment advisory business)	1 Jan 2016	Other	5504616
William Henry Kennedy	Chief compliance officer(broker-dealer business)	1 May 2017	Other	1359406
Hal Robert Marquit	Rosfp (srop/crop) & municipal securities principal	1 May 2018	Other	1530120
Andrew John Provencher	Executive vice president	1 Jun 2018	Other	1813737
Renee Michelle Laroche Morris	Chairman, evp and director	1 Jun 2018	Other	4874458
John P Shea	Principal financial officer & finop	1 Mar 2019	Other	2053468

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Bank Of New York Mellon Corporation	Owner	1 Jul 2007	75% - 100%	13-2614959
Mbc Investment Corporation	Owner	1 Feb 2017	75% - 100%	51-0301132

Based in New York

The principal office where Bny Mellon Securities Corporation performs its advisory services is located at 200 Park Avenue, New York, NY 10166, which is also the mailing address of the firm. An additional office of the firm is in Uniondale, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-922-7145. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bnymellonim.com/us.