Today’s investors increasingly want the expertise of a professional money manager and the ability to customize their own portfolios. MainStay offers just that combination through managed accounts, which offers:

• A personalized investment strategy to help meet specific needs and goals, including risk profile, asset allocation and periodic rebalancing.

• Built-in tax flexibility.

• The ability to restrict the type of stocks you prefer not to own.

• An asset-based fee structure, which is a fair compensation structure that places you, your client, and the portfolio manager on the same side of the table.

MainStay Managed Accounts is part of New York Life Investment Management LLC, which is a subsidiary of New York Life Insurance Company. MainStay Managed Accounts has the expertise and product breadth to help meet your financial goals – one relationship at a time.

Portfolio Management

Founded in 1938, MacKay Shields has grown steadily through changing market environments, now covering a full range of U.S. and international equity and fixed-income investment asset classes. By consistently applying a disciplined investment process to every client portfolio, MacKay Shields fosters an atmosphere that boasts the true sharing of ideas across all asset groups. So while each of the firm’s portfolio management teams have total accountability for their work, they are able to benefit from in-depth investment expertise from their colleagues in other market sectors. With its sound investment process, highly experienced managers, and entrepreneurial culture, MacKay Shields is built on a solid foundation for generating strong results. For more information, visit www.mackayshields.com.