Published on 29 Apr 2024 on Zacks via Yahoo Finance
Founded in 2007 following the merger of The Bank of New York and Mellon Financial Corporation, BNY Mellon is a known financial services company based in New York. It offers a diverse range of services such as investment management, investment services and wealth management.
BNY Mellon operates seven investment firms within its structure each bringing a unique investment philosophy and approach. As of Dec 31, 2023, BNY Mellon boasted assets under custody and administration totaling $47.8 trillion and assets under management amounting to $2.0 trillion.