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NYLIM Unveils Managed Account Product
According to a NYLIM product announcement, the MainStay Managed Accounts are run by MacKay Shields, an investment manager affiliated with NYLIM, and Q.E.D. Investments, a NYLIM division.
The accounts investment options come from
- Prudential Financial
- Charles Schwab & Co., Inc.
- Brinker Capital Inc.
- Lockwood Financial Services, Inc.
- Advest, Inc.
The eight investment styles currently offered by MainStay Managed Accounts include a range of equity and fixed income alternatives that financial advisors can utilize in customizing investment plans for their clients, according to the company.
MacKay Shields will manage five of the options offered by MainStay Managed Accounts.
Q.E.D. Investments manages the remaining three options.
MainStay Managed Accounts has also launched a Web site for the new product. Among other things, the site features an Investment Capabilities section, which showcases the MacKay Shields and Q.E.D Investments management teams.