LOS ANGELES, September 8, 2014 — BNY Mellon Wealth Management was named the Best Place to Work in Los Angeles by the LA Business Journal in its 8th annual survey of company employees. The list, broken out by company size, included the 100 most highly rated companies in the metropolitan region.
Regional President Larry Miles accepted the award during the Aug. 19 “Best Places to Work” awards dinner hosted by the LABJ, a leading regional business publication in Los Angeles. At the event, the paper “saluted companies that, according to the people who work for them, are the most successful in business and in nurturing their own,” the LABJ wrote in its published announcement of the awards.
“It’s humbling for us to win this award. In wealth management the real differentiator is people,” Miles said. “Our teammates love what they do. That carries over to their conscientious client service and BNY Mellon Wealth Management’s 97% client retention rate.”
In a profile of BNY Mellon Wealth Management, the LABJ noted that “A quick review of the company’s corporate culture – with its ping pong tournaments, flexible work schedules and Kickball BBQ and holiday parties — and it’s easy to see why employees enjoy working there.” The LABJ description goes on to note BNY Mellon’s tradition of corporate social responsibility and strong community involvement as well.
The survey was administered by Best Companies Group and was made up of two parts. The first was an employer questionnaire about company policies, practices and demographics. Part two of the survey, completed by the employees in strict confidentiality, measured employee engagement and satisfaction. Data from the two parts were then combined and analyzed to determine the strengths of participating companies and ultimately each company’s ranking.
BNY Mellon’s high marks demonstrate a “commitment to the concept that employees’ well-being directly impacts a company’s well-being—in the eyes of the public, its business partners, customers and shareholders,” the LABJ wrote.
BNY Mellon Wealth Management is a leading wealth manager, and was named in 2014 by Family Wealth Report as the top U.S. Private Bank and the top Private Bank serving Family Offices. Barron’s ranked it the 7th largest U.S. wealth manager in 2013. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has more than $187 billion in private client assets, as of June 30, 2014, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to bnymellonwealthmanagement.com or follow us on Twitter @BNYMellonWealth.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.