Type Private Products Asset Management Founded 1986 | Industry Investment Management Headquarters Jersey City | |
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Revenue $81.157 million USD (09/30/2016) Website [www.mainstayinvestments.com] Parent organizations New York Life Insurance Company, New York Life Investment Management LLC | ||
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MainStay Investments is a U.S. investment management company based in Jersey City, New Jersey. Founded in 1986, MainStay Investment's parent company is New York Life Insurance Company, the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #61 on the 2016 Fortune 500 list.
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MainStay Investments offers investors access to institutional money management through its mutual funds, exchange-traded funds (ETFs), separately managed accounts, and non-traditional strategies. MainStay has over $80 billion USD in assets under management.
History
Founded in 1986, MainStay Investments provides investment advisory services to financial advisors and their clients. An independent subsidiary of New York Life Insurance Company, over the years MainStay has added to its boutique of investment advisors. This includes MacKay Shields (acquired by New York Life in 1984), Markston International, LLC (1999), New York Life Fixed Income Advisors (2004), Winslow Capital Management (2005), Epoch Investment Partners (2006), MacKay Municipal Managers (2009), Cornerstone Capital Management (2013), Cushing Asset Management (2014), and IndexIQ (2015).