BNY Wealth
BNY Wealth is the wealth management division of The Bank of New York Mellon Corporation, serving ultra-high-net-worth individuals, families, family offices, and institutional clients through investment advisory, wealth planning, and banking services within the broader BNY platform spanning 35 countries.
- Company typePublic
- Founded1784
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What BNY Wealth does
BNY Wealth is the wealth management division of The Bank of New York Mellon Corporation (NYSE: BK), the publicly listed US bank holding company founded by Alexander Hamilton in 1784. The division serves ultra-high-net-worth individuals, families, family offices, corporate executives, and real-estate families through direct advisory relationships that combine investment management, wealth planning, and banking services. The segment operates within a broader BNY platform that reports $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management as of March 31, 2026, giving the wealth division access to custody, fund administration, execution, and market intelligence infrastructure that competitors cannot replicate.
The division's core products span Wealth Management, Custody, Managed Account Solutions, Securities Services, Fund & Investor Solutions, Data & Analytics, Digital Assets, and BNY Pershing/Wealth Services for intermediaries. Technology underpinnings are described as cloud-native and AI-enabled across data and analytics, with an explicit AI-forward investing positioning in 2026 that integrates AI-generated research with human-advisor validation. Digital-asset custody is positioned as a strategic capability, recognized by the 2025 Hedgeweek U.S. Awards, alongside broader custody and fund-administration capabilities delivered through wholly-owned Brazilian entities (BNY Mellon Banco S.A. and BNY Mellon Serviços Financeiros DTVM S.A.) and the CIBC Mellon joint venture in Canada, which surpassed C$3 trillion in assets under administration in March 2025.
Revenue is generated through recurring advisory fees, management fees on assets under management, and performance fees, with a sales-led go-to-market directed at enterprise-scale UHNW and institutional relationships. Distribution leverages the BNY platform across 35 countries and 100+ markets on six continents, supported by research publications and senior-strategist media commentary as the primary thought-leadership channels. The 2025 divestiture of BNY Trust Company of Canada to Computershare for US$63.4 million reflects a portfolio rationalization intended to concentrate on the core global wealth strategy rather than signal broad retrenchment.
BNY Wealth firmographics
Firmographics- Name
- BNY Wealth
- Legal name
- The Bank of New York Mellon Corporation
- Website
- https://bny.com
- Company type
- Public
- Founded year
- 1784
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- BNY Wealth is the wealth management division of The Bank of New York Mellon Corporation, serving ultra-high-net-worth individuals, families, family offices, and institutional clients through investment advisory, wealth planning, and banking services within the broader BNY platform spanning 35 countries.
- Ownership category
- akta.pro rank
BNY Wealth industry classification
Industry- Product category
- Wealth Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Private Banking & UHNW Wealth Advisory (FSAEABAC)
- akta.pro secondary industries
- Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)
Keywords
Where BNY Wealth is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
BNY Wealth business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Wealth Management Advisory: BNY Wealth generates revenue through advisory fees, management fees on assets under management, and potentially performance fees on investment strategies. The division serves ultra-high-net-worth clients with comprehensive wealth management including investments, wealth planning, and banking services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
BNY Wealth product offering
Product offeringCore offering
BNY Wealth delivers discretionary wealth management, investment advisory, banking, and wealth planning services to ultra-high-net-worth individuals, families, family offices, and institutional clients. It combines proprietary and open-architecture investment solutions with integrated custody, brokerage, and advisory technology to support long-term multigenerational wealth strategies.
Product overview
BNY Wealth is a comprehensive wealth management platform operating as part of The Bank of New York Mellon Corporation. The offering is a multi-module platform architecture combining Securities Services, Fund & Investor Solutions, Custody, Managed Account Solutions, Wealth Management, Data & Analytics, Digital Assets, and BNY Pershing/Wealth Services. These integrated solutions span the financial lifecycle from securities servicing and fund administration to wealth planning, investment management, and digital asset infrastructure. Regional entities include BNY Mellon Serviços Financeiros DTVM S.A. for Brazilian fund administration and BNY Mellon Banco S.A. for custody services. The platform is enhanced with cloud-native AI-enabled analytics capabilities for data and operations.
Differentiator
Problem solved
Functional benefit
Products and services
- BNY Wealth Management Discretionary wealth management service delivering personalized investment advisory, portfolio construction, and consolidated wealth planning for ultra-high-net-worth individuals, families, and family offices globally.
- BNY Pershing / Wealth Services Wealth intermediary platform providing custody, clearing, brokerage, and technology services to RIAs, broker-dealers, and wealth advisors serving their end-client households.
- BNY Wealth Advisors Advisory channel within BNY Wealth providing discretionary investment management and wealth planning solutions to ultra-high-net-worth clients.
- BNY Investments Canada Canadian investment affiliate providing investment solutions and asset servicing to Canadian institutional and wealth clients, paired with the CIBC Mellon joint venture for institutional custody.
Quantifiable outcome
- 14% expected earnings growth for S&P 500 companies in 2026
- +1 more outcomes
Companies that use BNY Wealth
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
BNY Wealth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature1 record
BNY Wealth partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- CIBC MelloncoreCIBC Mellon is a joint venture between BNY and Canadian Imperial Bank of Commerce (CIBC), founded in 1996. The company is exclusively focused on investment servicing needs of Canadian institutional investors and international investors into Canada. Services include custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services, securities lending services, foreign exchange settlement, and treasury services. The joint venture manages significant assets with CIBC Mellon surpassing C$3T in assets under administration in March 2025.
- CIBC (Canadian Imperial Bank of Commerce)coreCIBC is the joint venture partner in CIBC Mellon with BNY. The partnership enables BNY to serve Canadian market through a dedicated joint venture entity providing investment servicing solutions.
- BNY Investments CanadacoreBNY Investments Canada oversees distribution of investment services offered by BNY's affiliated investment management boutiques. With more than $2.2 trillion managed across its specialist managers, BNY Investments Canada is recognized as one of the leading investment management organizations in Canada.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
BNY Wealth competitors and assessment
Company assessmentDirect peers
- UBS Wealth Management: UBS is the world's largest global wealth manager, serving UHNW and HNW clients with comprehensive advisory, investment, and cross-border wealth services—directly comparable to BNY Wealth's global UHNW focus, particularly across international markets.
- Citi Private Bank: Citi Private Bank serves UHNW clients globally with investment advisory, wealth planning, and banking services. Its strong international presence and global network make it a direct competitor to BNY Wealth in cross-border wealth services.
- Northern Trust Wealth Management: Northern Trust provides wealth management services to UHNW individuals, families, and family offices, with a strong focus on comprehensive wealth advisory, trust services, and investment management—closely comparable to BNY Wealth's UHNW and family office focus.
- Wells Fargo Private Bank: Wells Fargo Private Bank provides wealth management, investment advisory, and banking services to UHNW clients in the U.S. market, competing with BNY Wealth for UHNW individuals requiring comprehensive private banking solutions.
- Bank of America Private Bank: Bank of America Private Bank serves UHNW and HNW clients with investment management, wealth planning, and banking—directly comparable to BNY Wealth in the U.S. market with strong advisor networks and Merrill integration.
- JPMorgan Private Bank: JPMorgan's private bank serves UHNW clients globally with investment advisory, banking, lending, and private market access. The scale of the broader JPMorgan platform and depth of private market deal flow make it a primary competitor to BNY Wealth.
- Morgan Stanley Wealth Management: Morgan Stanley's wealth management division is one of the largest UHNW-focused wealth franchises globally, with extensive advisor networks, private market offerings, and comprehensive wealth planning—directly competing with BNY Wealth for UHNW individuals and family offices.
- Goldman Sachs Private Wealth Management: Goldman Sachs Private Wealth serves UHNW clients with investment advisory, alternative investments, and private banking services. Its access to Goldman Sachs' broader capital markets and private equity deal flow creates direct competition for sophisticated UHNW clients served by BNY Wealth.
Broad incumbents
- Charles Schwab: Charles Schwab is a leading retail wealth manager and custodian serving HNW and mass-affluent clients. While not a direct UHNW peer, Schwab's scale, custody capabilities, and technology platform represent a broader incumbent competing for adjacent wealth segments.
- State Street Global Advisors: State Street is a major custody and asset management firm with $40T+ AUC, broadly comparable to BNY's institutional platform. While it overlaps with BNY in custody and fund services, its wealth management presence is more limited than BNY Wealth's UHNW franchise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
BNY Wealth social profiles
Digital presenceBNY Wealth compliance and trust
Trust signalCompliance11 records
BNY Wealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
BNY Wealth leadership team
Management profileNumber of profiles
Profiles8 records
BNY Wealth subsidiaries and ownership
Company hierarchySubsidiaries4 records
BNY Wealth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BNY Wealth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BNY Wealth
What does BNY Wealth do?
BNY Wealth delivers discretionary wealth management, investment advisory, banking, and wealth planning services to ultra-high-net-worth individuals, families, family offices, and institutional clients. It combines proprietary and open-architecture investment solutions with integrated custody, brokerage, and advisory technology to support long-term multigenerational wealth strategies.
Is BNY Wealth a public or private company?
BNY Wealth is a public company. It is classified as public and is currently operating.
When was BNY Wealth founded?
BNY Wealth was founded in 1784. It employs 1,001 to 5,000 people.
Where is BNY Wealth based?
BNY Wealth is headquartered in New York, United States, in the North America region.
How does BNY Wealth make money?
One revenue line is on record: wealth Management Advisory.
Who are BNY Wealth's main competitors?
Direct peers on record are UBS Wealth Management, Citi Private Bank, Northern Trust Wealth Management, Wells Fargo Private Bank, Bank of America Private Bank, JPMorgan Private Bank, Morgan Stanley Wealth Management and Goldman Sachs Private Wealth Management. Broad incumbents are Charles Schwab and State Street Global Advisors.
Does BNY Wealth have an API?
No public API is recorded for BNY Wealth.
What industry is BNY Wealth in?
BNY Wealth's product category is Wealth Management. Its primary akta.pro industry code is FSAEABAC, Private Banking & UHNW Wealth Advisory, with a secondary code of FSABADAD, Private Banking Advisory & Discretionary Portfolio Management. Its NAICS code is 525 and its SIC code is 6199.