SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
MacKay Shields LLC
New York, NY
CRD 107717
Firm filing updated August 6, 2026 ·
- $159.5BAssets
- 73Advisory staff
- 366Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- Insurance companies75
- Pension and profit sharing plans72
- Investment companies43
- Pooled vehicles43
- State or municipal government entities (including government pension plans)34
- and 2 more37
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | Fewer than 5 clients | $0 |
| High net worth individuals | 25 | $3.0 billion |
| Banking or thrift institutions | Fewer than 5 clients | $207.3 million |
| Investment companies | 43 | $67.7 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 43 | $23.5 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 72 | $13.6 billion |
| Charitable organizations | Fewer than 5 clients | $109.4 million |
| State or municipal government entities (including government pension plans) | 34 | $13.1 billion |
| Other investment advisors | Fewer than 5 clients | $0 |
| Insurance companies | 75 | $29.0 billion |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $6.5 billion |
| Corporations or other businesses not listed above | 12 | $2.4 billion |
| Other: "WRAP" | 47 | $557.7 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 5 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
Assets and accounts
- Regulatory assets$159.5 billion
- Accounts366
- DiscretionaryAll accounts
People
- Employees206
- Advisory staff73
- Broker-dealer reps38
- Licensed insurance agents0
Advisors
6 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 107717, SEC file 801-5594.
- Registered with the SEC as an investment advisor (status date on record: April 11, 1969).
Is MacKay Shields LLC a fiduciary?
Short answer: MacKay Shields LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 38 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.