BNY Wealth

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.

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

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

• Wealth management
• Investment advisory
• Portfolio management
• Private banking
• Wealth planning

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• CIBC MelloncoreStrategic or Co-development Partner · 1 January 1996CIBC 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)coreStrategic or Co-development PartnerCIBC 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 CanadacoreOthersBNY 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

Direct 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

• Xx.com/bnywealth
• YouTubeyoutube.com/@bnyglobal
• Facebookfacebook.com/bny
• LinkedInlinkedin.com/company/bnyglobal
• Instagraminstagram.com/bnyglobal
• TikToktiktok.com/@bny

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BNY Wealth