New York Life Investment Management has thrown the doors open on a new managed account offering. Dubbed MainStay Managed Accounts, the service will be offered through Prudential Financial, Charles Schwab, Brinker Capital, Lockwood Financial Services and Advest to high net worth individuals and small to mid-size institutions.

The insurer is tapping its MacKay Shields and Q.E.D. Investments (Q.E.D.) affiliates to provide the portfolio management for the product. The product features eight investment styles over a range of equity and fixed income styles.

"MainStay Managed Accounts brings to individual investors and small institutions the opportunity to access our investment management expertise and top-notch client service," said Julie Holland, managing director and head of 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 has also build a new Web site to support the product at www.mainstayma.com. 

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