Mackay Shields LLC (New York)

Name: Mackay Shields LLC
Address: 1345 Avenue Of The Americas, New York, NY, 10105
Telephone: 212-758-5400

Mackay Shields LLC is a large advisory firm based in New York. It manages $108.47 billion of regulatory assets for 362 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Mackay Shields provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mackay Shields: assets under management

The assets under management (AUM) of Mackay Shields LLC is $108.47 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 240% since the beginning of its operation, and $15.56 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $108.47 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $299.65 million each.

Mackay Shields has custody of $14.93 billion in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 28% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mackay Shields LLC for their services and products based on a percentage of assets under management and performance-based 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.

What kind of clients Robert Joseph Centrella serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Robert Joseph Centrella is investment companies with 38 clients and $38.6 billion of assets under management. Among the 10 most similar advisory firms, Mackay Shields has the 5th highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $108.04 billion for 359 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.

Mackay Shields also advises several private funds. Namely, fifteen hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.

Careers at Mackay Shields LLC

The company employs 182 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Joseph Centrella has been acting as President since 1 Oct 1999. Naim Abou Jaoude joined the executive team most recently as the Elected To The Board Of Managers.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Thomas Spellman	Director	1 Jun 1996	Other	1934629
Russell A. Thompson	Chief compliance officer	1 Jul 1999	Other	4346591
D Keith Ross	Member of the board of managers	1 Oct 1999	Other	2364611
Seymour Sternberg	Member of the board of managers	1 Oct 1999	Other	1665885
Richard Michael Kernan	Member of the board of managers	1 Oct 1999	Other	1417712
Ravindranath Akhoury	Chairman, ceo & sr. managing director	1 Oct 1999	Other	823252
John Leo Prom	Senior managing director	1 Oct 1999	Other	823310
Rudolph Cleveland Carryl	Senior managing director	1 Oct 1999	Other	1963513
Edmund Charles Spelman	Senior managing director	1 Oct 1999	Other	1214470
Robert Joseph Centrella	Director	1 Oct 1999	Other	1288968
Eileen Megan Carstairs	Director	1 Oct 1999	Other	1677551
Christopher Terence Harms	Managing director	1 Oct 1999	Other	724581
Maureen M Mcfarland	Director	1 Oct 1999	Other	2546667
New York Life Investment Management Holdings Llc	Sole member	1 Jan 2000	75% - 100%	52-2206682
Lucille Protas	Senior managing director	1 Jan 2000	Other	4346527
Joseph Portera	Managing director	1 Jan 2000	Other	1052565
Richard Alan Rosen	Managing director	1 Jan 2000	Other	1295265
John Matthew Philo	Director	1 Jan 2000	Other	1365639
Donald Ellis Morgan	Managing director	1 Feb 2000	Other	4346583
Robert John Burdick	Managing director	1 Jun 2000	Other	1631295
Gary Lee Goodenough	Managing director	1 Jun 2000	Other	812947
Gary Edward Wendlandt	Member of the board of managers	1 Oct 2000	Other	4323233
John Anthony Fitzgerald	Director	1 Dec 2000	Other	2752892
Robert Anthony Nisi	Managing director	1 Jan 2001	Other	2643430
Michael Charles Sheridan	Director	1 Jan 2001	Other	1532525
Neal P Goldman	Director	1 Feb 2001	Other	2864519
Michael John Starr	Director	1 Feb 2001	Other	2463951
Rupal Jayesh Bhansali	Managing director	1 Apr 2001	Other	2252889
John Hudson Butler	Director	1 Jan 2002	Other	2398352
Michael Edward Sproule	Member of the board of managers	1 Jul 2002	Other	1842826
Phillip John Hildebrand	Member of the board of managers	1 Feb 2004	Other	826888
Mark David Goldstein	Cco, director	1 Apr 2004	Other	3063669
Rene Arturo Bustamante	Chief compliance officer, director	1 Apr 2004	Other	4706409
Ellen Metzger	General counsel, managing director	1 Aug 2004	Other	1809678
Daniel Craig Roberts	Executive managing director	1 Oct 2004	Other	1460459
Dan Roberts	Senior managing director	1 Oct 2004	Other	1460459
Rene Arturo Bustamante	Chief compliance officer, senior managing director	1 Feb 2005	Other	4706409
John Matthew Philo	Senior managing director	1 Jan 2006	Other	1365639
Brian Andrew Murdock	Member of the board of managers	1 Oct 2006	Other	1029254
Lucille Protas	Senior managing director and chief operating officer	1 Jan 2007	Other	4346527
Rupal Jayesh Bhansali	Senior managing director	1 Jan 2007	Other	2252889
Ellen Metzger	General counsel, senior managing director	1 Jan 2007	Other	1809678
Osbert Martin Hood	President	1 Jan 2007	Other	2880310
Arthur Timothy West	Senior managing director	1 Jan 2007	Other	1420634
Kevin Thomas Mcateer	Managing director	1 Jan 2007	Other	5310958
Ravindranath Akhoury	Chairman & sr. managing director	1 Jul 2007	Other	823252
Osbert Martin Hood	President & ceo	1 Jul 2007	Other	2880310
Edward Jon Silverstein	Managing director	1 Sep 2007	Other	5440834
Michael Daniel Corker	Chief financial officer	1 Jan 2008	Other	6318154
Osbert Martin Hood	Chairman & ceo	1 Jan 2008	Other	2880310
Robert Anthony Anselmi	Member of the board of managers	1 Jan 2008	Other	6268
Barry A Schub	Member of the board of managers	1 Jan 2008	Other	4223404
John Yong Kim	Member of the board of managers	1 Apr 2008	Other	2010539
Maureen M Mcfarland	Senior managing director	1 Jan 2009	Other	2546667
John Carmine Siciliano	Member of the board of managers	1 Mar 2009	Other	1022427
John Michael Loffredo	Executive managing director	1 Jul 2009	Other	4518371
John M. Loffredo	Senior managing director	1 Jul 2009	Other	4518371
Robert Alan Dimella	Executive managing director	1 Mar 2010	Other	5462540
Lucille Protas	Senior managing director and acting chief executive officer	1 Apr 2010	Other	4346527
Rene Arturo Bustamante	Chief compliance officer, senior managing director	1 Jul 2010	Other	4706409
Edward Jon Silverstein	Senior managing director	1 Jul 2010	Other	5440834
Drew Edward Lawton	Member of the board of managers	1 Nov 2010	Other	1173631
Anthony Ramsey Malloy	Elected to the board of managers	1 Jan 2011	Other	3035428
Lucille Protas	Senior managing director and acting chief executive officer and member of the board of managers	1 Apr 2011	Other	4346527
John Michael Grady	Member of the board of managers	1 Apr 2011	Other	4380203
Lucille Marian Protas	President, executive managing director, chief operating officer, treasurer and elected to the board of managers	1 Dec 2011	Other	4346527
Jeffrey Scott Phlegar	Chairman and chief executive officer and elected to the board of managers	1 Dec 2011	Other	1761173
Lucille Protas	President, senior managing director and member of the board of managers	1 Dec 2011	Other	4346527
Yie Hsin Nmn Hung	Elected to the board of managers	1 Mar 2012	Other	1586401
Yie Hsin Hung	Member of the board of managers	1 Mar 2012	Other	1586401
Virginia Eileen Rose	Managing director	1 Mar 2012	Other	1832210
John William Akkerman	Executive managing director	1 Sep 2012	Other	2780712
John Thomas Fleurant	Elected to the board of managers	1 Jan 2013	Other	2683258
Young Nmn Lee	General counsel, senior managing director	1 Feb 2013	Other	4489830
Young Lee	Acting general counsel, managing director	1 Feb 2013	Other	4489830
Drew Edward Lawton	Elected to the board of managers	1 Feb 2014	Other	1173631
David Gerald Bedard	Elected to the board of managers	1 Feb 2014	Other	5480913
David G Bedard	Member of the board of managers	1 Feb 2014	Other	5480913
Andrew Mark Susser	Executive managing director	1 Jan 2015	Other	1705758
Christopher Owsley Blunt	Elected to board of managers	1 Jun 2015	Other	1557026
Stephen Paul Fisher	Elected to the board of managers	1 Mar 2017	Other	1226344
Kirk C Lehneis	Elected to board of managers	1 Mar 2017	Other	6773807
Francis Michael Harte	Elected to the board of managers	1 Mar 2017	Other	1976402
Naim Abou Jaoude	Elected to the board of managers	1 Mar 3017	Other	6408927

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
New York Life Insurance Company	Indirect interest holder	1 Oct 1999	Other	13-5582869

Based in New York

The principal office where Mackay Shields LLC performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-758-5400 or by fax 212-758-3291. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at mackayshields.com.