New York Life Trust Company, Fsb (Parsippany)

New York Life Trust Company, Fsb is a pension cosultant based in Parsippany. It manages $6.98 million of regulatory assets for 63 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, New Hampshire, and New York.

New York Life Trust Company, Fsb provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

New York Life Trust Company, Fsb: assets under management

The assets under management (AUM) of New York Life Trust Company, Fsb is $6.98 million. The firm's AUM has grown by 676% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.93 million in discretionary accounts and $58.24 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $138.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.48 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New York Life Trust Company, Fsb for their services and products based on a percentage of assets under management and fixed fees. 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.

Careers at New York Life Trust Company, Fsb

Derek David Burke has been acting as President since 1 Aug 2004. Joseph Basil Sindelar has served as the Chief Investment Officer since 1 Jan 2003. Ramona Quinn Walsh joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edwin Leavitt Gruberger	Class b director and member of the board trust & investment committee	1 Jun 2000	Other	4441161
Robert Edward Brady	Class b director	1 Jun 2000	Other	1701096
Stephen Craig Roussin	Class c director & chairman of the board of directors	1 Jun 2000	Other	1441872
Ian William Maclean	Second vice president, treasurer & senior trust officer	1 Jun 2000	Other	1737410
Nylife Llc	Direct owner & sole shareholder	1 Jun 2000	75% - 100%	12-3198392
Peter Frederick Muratore	Class a director	1 Jun 2000	Other	342931
Carol L Graf	Second vice president, trust operations	1 Aug 2000	Other	2667155
Robert Edward Brady	Member of the board trust & investment comm., management & investment comm. & trust review comm.	1 Jun 2001	Other	1701096
Derek David Burke	Compliance officer	1 Jun 2001	Other	2709305
Stephen Craig Roussin	Member of the board audit committee	1 Jun 2001	Other	1441872
Peter Frederick Muratore	Member of the board audit comittee	1 Jun 2001	Other	342931
Maryalice Raushi	President, ceo, class c director of b.o.d., member of trust and investment, management and investment and trust review committee	1 Jan 2002	Other	2646819
Liza Michele Rosenzweig	Senior vice president	1 Apr 2002	Other	4556855
Joseph Basil Sindelar	Chief investment officer	1 Jan 2003	Other	4622549
Penny Lee Nelson	Executive vice president	1 Apr 2003	Other	1345205
Jefferson Carlisle Boyce	Chief investment officer	1 May 2004	Other	1836292
Christopher Owsley Blunt	Chairman	1 Jul 2004	Other	1557026
Derek David Burke	Chairman	1 Aug 2004	Other	2709305
Ramona Quinn Walsh	Compliance officer	1 Aug 2004	Other	851314
Robert Edward Brady	Acting president, member of the board trust & investment & audit comm., management & investment comm. & trust review comm.	1 Sep 2004	Other	1701096
Ramona Quinn Walsh	Chief compliance officer	1 Sep 2005	Other	851314

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
New York Life Insurance Company	Managing member	1 Sep 1999	75% - 100%	13-6582869

Based in Parsippany

The principal office where New York Life Trust Company, Fsb performs its advisory services is located at 169 Lackawanna Avenue, Parsippany, NJ 07054 1007, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-332-7916 or by fax 973-394-4611. The normal business hours are 9:am - 5:pm on Monday - Friday.