Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management Investment Company
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
Types of Clients
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Investment Companies
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
- Insurance Companies
- Sovereign Wealth Funds & Foreign Official Institutions
- Corporations or Other Businesses Not Listed Above
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Other
Mellon Overview
MELLON is a seasoned investment advisory firm that has been in the business since 1983. Over the years, the company has perfected its portfolio management services, serving individuals and small businesses, as well as larger businesses and institutional clients. The firm's headquarters are located in Boston, MA, and it operates on a fee-based model. As a registered commodity pool operator/advisor, MELLON is authorized to provide investment advice to its clients. Its comprehensive services include portfolio management for individuals and small businesses, as well as investment companies and pooled investment vehicles. This makes the firm a one-stop-shop for anyone looking to manage their wealth successfully. With years of experience in the investment industry, MELLON's portfolio management expertise makes it a highly sought-after firm. Its qualified team of advisors works with clients to develop personalized investment strategies that align with their goals and values. Thanks to its fee-based arrangement, clients can be assured that the firm's interests are aligned with theirs, promoting transparency and trust throughout their partnership.
MELLON caters to a diverse range of clients with various investment needs. Their services are specially designed to meet the requirements of high net worth individuals who seek personalized investment management and asset allocation strategies. The firm also partners with investment companies, pooled investment vehicles, pension or profit sharing plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, and other corporate types not listed. In addition, their extensive expertise and experience also allow them the flexibility to work with other types of clients with unique investment needs. MELLON offers various fee structures depending on the service provided. Clients can avail of a percentage of their assets under management (AUM) as fees, which is a popular option for high net worth individuals and investment companies. The firm also provides fixed fees for specific services, giving clients greater control over costs while ensuring top-quality service delivery. Other types of fees may be available depending on the type of investment service required by the client. No matter the fee structure, MELLON's commitment to providing excellent service and investment returns remains constant.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Mellon does not mention anything about an investment minimum. Hence, it is unclear what the firm's investment minimum is. If you are interested in investing with Mellon, you should contact their customer service or sales team to inquire about their investment minimum and other relevant investment requirements.
How This Office Can Help Utica, NY Residents
BNY Mellon assists clients in Utica, NY in various ways with their financial needs. Residents of Utica, NY may be facing different financial situations such as retirement planning, personal investments, or managing their assets. BNY Mellon provides advice and counseling to help clients make informed financial decisions. Clients from Utica, NY can access BNY Mellon's services such as wealth management, investment management, and private banking. BNY Mellon can help individuals and families manage their finances and plan for their future. For retirees in Utica, NY, BNY Mellon can offer retirement planning services and help clients assess their needs for retirement. For those looking to invest, BNY Mellon's investment management team can help tailor an investment strategy that aligns with clients' financial goals while managing their level of risk. Additionally, BNY Mellon can offer trust and estate services, which can assist individuals and families with their legacy planning by providing a comprehensive solution to their financial management.
Services Offered by Mellon
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Mellon most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Mellon is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- 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
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Disciplinary History
Mellon does not have any disclosures. Please visit it's Form ADV for more details.