FIXED INCOME
SEPARATELY MANAGED ACCOUNTS
Customizable solutions tailored to meet your client objectives.
FIXED INCOME
Experienced SMA Fixed Income Manager
With typically lower volatility than equities, fixed income is an asset class that can help stabilize portfolios and deliver income. Accessing fixed income through a separately managed account (SMA) provides advisors flexibility to meet client objectives with greater clarity and control.
Backed by nearly a century-long legacy across different market cycles, the fixed income team at Insight Investment is time-tested and committed to delivering outcome-oriented solutions.1
39YR
BNY's long history of managing SMAs and customized wealth strategies2
$841B+
Assets under management
Insight Investment2
$30B+
AUM in tax-exempt and taxable SMAs
Insight Investment2
Established Investment Approach
- BNY's long track record managing SMAs
- Strong portfolio management experience and proprietary tools at BNY
- Fixed income range to match client objectives
Comprehensive Range
- Traditional ladders, treasuries, corporate and custom solutions
- Total return, enhanced yield and opportunistic
- Personal bond strategy – unique decumulation solution
Market Leading Infrastructure
- Focused on building a scalable, flexible SMA platform to be partner of choice
- Offers integrated comprehensive SMA ecosystem, including Archer and Pershing solutions
Potential Benefits of SMAs
Tax Efficiency
Proprietary tax-loss harvesting and portfolio optimization capabilities.
Control
Portfolios composed of directly owned securities tailored to meet specific investment goals, including risk budgets, cash flow needs and tax situations.
Transparency
Comprehensive reporting with visibility into holdings and transactions for real-time monitoring and tracking.
Our Range of Solutions
Category
TAXABLE
MUNICIPAL
Steady Income Potential with Portfolio “Ballast”
Short / Intermediary
BNY Short Government/Credit
BNY Intermediate Government/Credit
BNY Short Corporate
Ladders
BNY Corporate Ladder 1–5
BNY Corporate Ladder 1–10
BNY Corporate Ladder 1–15
Security Selection Focused on Mispriced Opportunity
Short / Intermediary
BNY Short Municipal Bond
Enhanced Intermediary /
Opportunistic
BNY Municipal Opportunities
State-Specific Preference
BNY Select State Specific Municipal Bond
Personal Bond
Turning investments into targeted stable cash flows.
Financial advisors require innovative solutions to meet the personal cash flow needs of their clients. Traditional investment and insurance products may fall short, either delivering inconsistent cash flows or sacrificing liquidity.
Please see Important Disclosures at the bottom
Ways to Customize SMAs
State Specific /
State Preference
State specific portfolios hold only bonds from clients' state of residence plus US territories that are exempt from state income tax in all states
State preference portfolios hold at least 50% in clients' state of residence plus US territories and can hold up to 50% in bonds from other states
Out-of-state exposure provides diversification and is considered on an after-tax basis
Credit Quality
Investment-grade quality at the time of purchase
High quality (A-rated or better) portfolios across variety of strategies at the time of purchase
Sector / Issuer
Sector level exclusions to address client values or concentration considerations
Issuer level exclusions to address specific client circumstances (i.e. concentration)
Personal Bond SMA
Customization
Personalized cash flows
Fixed or variable cash flow profile
Rising cash flow profile via present cost of living adjustment (COLA) to account for inflation
Tax Management
Tax-aware account transition analysis and execution
Tax loss harvesting processes to generate potential tax alpha
Insights
Personalized Cashflows. Scaled.
Personal Bond SMA enables advisors to move beyond portfolio construction to deliver precise, client‑specific cashflows.
Race for Income: Beyond Traditional Bonds
Investors are looking for consistent cash flow, mitigation against the risk of loss, and greater predictability and stability.
Muni Moment: Tax-Equivalent Yields Deserve a Fresh Look
In the current environment, municipal (muni) bonds can potentially offer a combination of income, tax benefits, and price appreciation.
The Breadth of Bonds
Flexibility amplifies opportunity. The BNY Mellon Municipal Opportunities strategy (the “Strategy”) seeks to enhance total return and uncover mispriced opportunities
Getting to Know Insight Investment
BNY’s leading fixed income specialist seeking to deliver consistent outcomes through intentional investing.
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FOR FINANCIAL PROFESSIONALS AND INSTITUTIONAL INVESTORS ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.
1 Insight Investment Management Limited (IIML) was founded in 2002. Insight is the corporate brand for certain companies operated by IIML. Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL), Insight Investment Management (Europe) Limited (IIMEL) and Insight North America LLC (INA), each of which provides asset management services.
In 1933, Standish, Ayer & Wood, Inc. began managing fixed income portfolios for US financial institutions, banks, and insurance companies. Standish, Ayer & Wood, Inc. was acquired by Mellon Financial Corporation in 2001, at which time it was renamed Standish Mellon Asset Management. In 2018, BNY Mellon (the successor to Mellon Financial Corporation) merged Standish, along with Mellon Capital and The Boston Company, into a single U.S. investment manager, Mellon Investments. In 2021, the Systematic Fixed Income, Municipal Bond, Stable Value, and Taxable Fixed Income teams within Mellon Investments Corporation moved to Insight North America LLC.
2 As of March 31, 2026, unless otherwise noted.
3 Customization is not available for these strategies.
The BNYM Insight Personal Bond SMA is presently operating in a pilot stage within BNY. The Personal Bond SMA is not an insurance contract and is not insured by any state insurance fund. It is not a bank deposit and is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal government agency. It is not guaranteed by a bank or any of its affiliates.
Separately Managed Accounts (SMAs) are offered by BNY Mellon Securities Corporation in its capacity as a registered investment adviser.
Investors should consider the investment objectives, risks, charges and expenses of an SMA carefully before investing.
No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Asset allocation and diversification cannot assure a profit or protect against loss.
Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines. High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer’s ability to pay interest and repay principal on a timely basis. Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries. Mortgage-backed securities: Ginnie Maes and other securities backed by the full faith and credit of the United States government are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securities are not guaranteed and will fluctuate. Privately issued mortgage-related securities also are subject to credit risks associated with the underlying mortgage properties. These securities may be more volatile and less liquid than more traditional, government-backed debt securities. The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio’s other investments.
This material has been provided for informational purposes only and should not be construed as investment advice or a recommendation of any particular investment product, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions.
Prospective investors should consult a legal, tax or financial professional in order to determine whether any investment product, strategy or service is appropriate for their particular circumstances. Views expressed are those of the author stated and do not reflect views of other managers or the firm overall. Views are current as of the date of this publication and subject to change.
The information is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.
References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be and should not be interpreted as recommendations. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
Investment advisory services in North America are provided by Insight North America LLC, a registered investment adviser and regulated by the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. The SEC has not reviewed or approved any calculation or presentation of performance results included in these materials. Insight North America LLC is associated with other global investment managers that also (individually and collectively) use the corporate brand Insight Investment and may be referred to as "Insight" or "Insight Investment."
BNY Investments is the brand name for the investment management business of BNY and its investment firm affiliates worldwide. BNY is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. BNY Investment Advisor, Inc., Insight Investment and BNY Mellon Securities Corporation are subsidiaries of BNY.
© 2026 BNY Mellon Securities Corporation, 240 Greenwich Street, 9th Floor, New York NY, 10286.
Not FDIC-Insured | No Bank Guarantee | May Lose Value
MARK-941303-2026-05-21