NEW YORK--(BUSINESS WIRE)--MainStay Investments, a New York Life Company, today announced Charles Reinhard has been appointed Managing Director, leading Portfolio Strategy. This newly created position will enhance and expand the approaches to multi-solution investment portfolio construction and advisor and investor education efforts offered across the MainStay Funds, IndexIQ ETFs and initiatives at MainStay partner firms. Based in New York City, Mr. Reinhard will report to Richard T. Miller, CFA, Managing Director and Head of Marketing and Product Management at MainStay Investments.
“We are thrilled to welcome Charlie to the company as he will play a significant role in providing thought leadership and insights tailored to the retail and institutional marketplace,” said Stephen Fisher, President of New York Life Investment Management LLC (NYLIM) and MainStay Investments. “Charlie’s extensive experience as a market strategist and his knowledge of economic and capital markets will enable him to leverage the global thought leadership of MainStay’s multi-boutique model, deliver thoughtful insights and perspectives on market events, and help advisors build smarter portfolios for their clients – for any market environment.”
Mr. Reinhard joins MainStay Investments with over 28 years of investment industry experience in various senior positions, including Managing Director and Deputy Chief Investment Officer in the Global Wealth Management Division at Morgan Stanley, where his responsibilities included global investment strategy and the strategic and tactical asset allocation models used in the advisory and he also sat on the committee advising firm-managed client strategies.
Before joining the MainStay team, Mr. Reinhard was Senior Consultant of New Products & Investment Strategy at Direxion Investments where he had responsibility for creation of new investment products and investment thought leadership. Prior to joining Morgan Stanley, Mr. Reinhard was Director of Portfolio Strategy & Associate Director of Research, Senior Vice President at Neuberger Berman. He has also held leadership positions at other major investment management firms.
About MainStay Investments
With over $95.4 billion in assets under management as of May 31, 2015 across retail mutual funds, exchange traded funds (ETFs) and variable product sub-accounts, MainStay Investments is the mutual fund and ETF distribution arm of New York Life Insurance Company. MainStay provides access to a powerful mix of autonomous, institutional investment managers, delivered by experienced professionals who understand the needs of today's investors. For more information on MainStay Investments, please visit www.mainstayinvestments.com.
MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business.
About New York Life Insurance Company
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/15/15. For methodology, please see http://fortune.com/fortune500/.
**Individual independent rating agency commentary as of 7/1/15.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
For more information about MainStay Funds,® call 800-MAINSTAY (624-6782) for a prospectus or summary prospectus. For more information about IndexIQ® funds, call 888-934-0777 for a prospectus or summary prospectus. Investors are asked to consider the objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus or summary prospectus contains this and other information about the investment company. Please read the prospectus or summary prospectus carefully before investing.
MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs and the principal underwriter of the mutual fund. NYLIFE Distributors LLC is located at 169 Lackawanna Ave., Parsippany, NJ 07054. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC.