Opportunistic, Tax-Sensitive Strategies Offer Potential for Enhanced Returns

NEW YORK, October 20, 2010 — BNY Mellon Wealth Management has launched two new multi-manager strategies aimed at helping their clients succeed in what the company has called "The Most Critical Decade." The multi-manager strategies are just the latest of the wealth manager's diverse efforts to help grow investors' assets amid slow growth, rapid change and increasing taxes in the coming years.

"The current market environment, while extremely unsettling, is also creating opportunities for potential reward in the years ahead," said Chief Investment Officer Leo Grohowski. "We are offering these additional strategies for our high net worth clients who rely on us for a comprehensive, tax-efficient approach as well as access to our timely ideas within large cap equities."

The opportunistic multi-manager strategy, composed of large cap equities sub-advised by multiple managers affiliated with BNY Mellon Wealth Management, is designed to capitalize on prevailing market opportunities. BNY Mellon Wealth Management actively manages the allocation across advisors to take advantage of new opportunities as they arise.

The tax-sensitive multi-manager strategy provides a diversified multi-adviser large cap solution that is managed in a tax-efficient way. BNY Mellon Wealth Management applies its tax-efficient management and trading methods to a core portfolio of large cap stocks and opportunistic strategies advised by multiple managers. Investors can benefit from the stock selection skills of several managers while having a portfolio manager with a tax efficiency focus to oversee the total portfolio with the goal of actively offsetting losses with gains.

"We believe investors will benefit greatly from tax-efficient strategies as we expect taxes to go up. Additionally, in this environment of increased volatility and disparity between stocks, a multi-manager approach provides the potential for enhanced returns," says Steven Reiff, the wealth manager's director of investment advice and analytics. The multi-manager approach is considered an extension of the firm's existing tax- efficient and opportunistic equity strategies, he adds.

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $161 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.