BNY Mellon Wealth Managementhas rolled out two large cap strategies in a multimanager format aimed at helping its clients succeed in what it calls “The Most Critical Decade,” the firm announced Wednesday.
“The current market environment, while extremely unsettling, is also creating opportunities for potential reward in the years ahead,” CIO Leo Grohowski said in a statement. “We are offering these additional strategies for our high-net-worth clients who rely on us for a comprehensive, tax-efficient approach as well as access to our timely ideas within large cap equities.”
According to the announcement, the multimanager strategy, composed of large cap equities sub-advised by multiple managers affiliated with BNY Mellon Wealth Management, is designed to capitalize on prevailing market opportunities. The firm actively manages the allocation in a tax-efficient way across advisors to take advantage of new opportunities as they arise.