- MainStay Managed Accounts -

Parsippany, NJ, – New York Life Investment Management LLC (NYLIM) today announced the launch of MainStay Managed Accounts, which offers institutional-quality investment management and superior client service to high net worth individuals and small to mid-size institutions. Through MainStay Managed Accounts, clients’ accounts are run by NYLIM-affiliated investment manager, MacKay Shields LLC, and Q.E.D. Investments (Q.E.D.), a division of NYLIM.

MainStay Managed Accounts offers investment options through several sponsor firms, including Prudential Financial, Charles Schwab & Co., Inc., Brinker Capital Inc., Lockwood Financial Services, Inc., and Advest, Inc.

The eight investment styles currently offered by MainStay Managed Accounts draw upon the breadth and depth of NYLIM’s extensive investment management capabilities. They include a range of equity and fixed income alternatives that financial advisors can utilize in customizing investment solutions for their clients.

MacKay Shields -- which manages assets across the capital markets through the use of dedicated investment teams -- manages five of the options offered by MainStay Managed Accounts. MacKay Shields has historically provided strong risk-adjusted returns by applying a disciplined investment approach tailored to each client account.

Q.E.D. Investments manages the remaining three options. An active equity manager employing a quantitative approach, Q.E.D. equally integrates return and risk into the decision-making process with the intent of selecting the most favorable stock combinations. Q.E.D. is established in the managed accounts business, having offered managed accounts through Lockwood since 1997.

"MainStay Managed Accounts brings to individual investors and small institutions the opportunity to access our investment management expertise and top-notch client service," commented Julie Holland, Managing Director, who heads up the group. "One of the advantages we bring to the marketplace is the depth and breadth of our investment capabilities, and we plan on expanding our offering over time as dictated by our clients’ needs," she added.

MainStay Managed Accounts has also launched a web site in support of this business initiative that can be found at www.mainstayma.com. The site features an Investment Capabilities section, which showcases the investment management teams at MacKay Shields and Q.E.D Investments. Other sections of the site include the online Portfolio Center, which highlights each style’s investment philosophy, process, and risk management, and the Resource Center, which supports financial consultants with a variety of tools. MainStay is a division of New York Life Investment Management LLC.

With more than $148 billion in assets under management as of September 30, New York Life Investment Management and its affiliates provide investment management and related services to a wide range of individual, corporate, public, and Taft-Hartley clients. NYLIM offers institutional asset management, retail investments, retirement plan services, guaranteed products, real estate investments, and alternative investments.

###

_{Past performance is no guarantee of future results. Please keep in mind that your investment objectives may not be met.}

Contact: