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Voya Investment Management Review

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Voya Investment Management

Voya Investment Management is the asset management division of Voya Financial, a publicly traded financial, retirement, investment and insurance company. While the Atlanta-based Voya Investment Management primarily serves insurance companies, it has a division called Voya Investment Management Co. that provides investing services to individual investors. This division works with individuals and high-net-worth individuals, as well as a wide range of funds and institutional clients. Headquartered in New York City, Voya Investment Management Co. currently has $102.85 billion in assets under management.

In addition to Voya Investment Management, Voya Financial also provides investment advisory services through its national network of 1,700 financial advisors, which it refers to as Voya Financial Advisors, Inc. This network offers individual portfolio management, model portfolio management, financial planning services and a retirement readiness program.

Voya Investment Management Background

Voya Investment Management Co. was founded in 1972 as Aetna Capital Management, Inc., which later became ING U.S. Investment Management before transitioning to its current name in 2014. The company is part of a large network of financial services companies. Voya Investment Management Co. LLC is a wholly owned subsidiary of Voya Investment Management, a registered investment advisor that mainly provides portfolio management services to insurance companies. That division is in turn a wholly owned subsidiary of Voya Holdings, which is wholly owned by Voya Financial, Inc.

Voya Financial, Inc. became a publicly traded company in 2013, when it began its transition from ING U.S., Inc. The company rebranding wrapped in 2014. Its new name is derived from the word ‘voyage,’ and Voya explains it’s intended to reflect the "journey to financial empowerment."

What Types of Clients Does Voya Investment Management Accept?

Voya Investment Management Co. is notable for the diversity of clients it serves. The division is capable of working with:

  • Individuals 
  • High-net-worth individuals
  • Institutional separate accounts
  • Separately managed accounts
  • Corporate pension and profit-sharing plans
  • 529 plans
  • Charitable institutions
  • Foundations
  • Endowments
  • Municipalities
  • Registered investment companies
  • Private investment funds, or other pooled funds
  • Insurance separate accounts
  • Trust programs
  • Sovereign funds (UCITS, SIVACs and other U.S. and international institutions)

Voya Investment Management Minimum Account Sizes

Voya Investment Management Co. only provides account minimums for its individual institutional client portfolios. The company generally requires an institutional client to invest anywhere from $25 million to $100 million to open and maintain separately managed institutional equity and fixed income portfolios. The minimum varies depending on the specific investment strategy used in a particular portfolio.

It does not offer minimum requirements for its individual investor client portfolios. Voya notes that generally its minimums are open to negotiation.

Services Offered by Voya Investment Management

Voya Investment Management Co. offers its clients a number of investment advisory and investment management services. Strategies it’s capable of managing include equity, fixed income, balanced, private placement, commercial mortgage loan and multi-asset class. The firm provides its portfolio management services through both separately managed accounts and wrap fee accounts.

This particular division of Voya may also provide the following supporting services to certain clients:

  • Portfolio valuation and performance analysis
  • Mortgage loan servicing
  • Assistance with securities accounting and tax analysis
  • Assistance with regulatory inquiries and analysis of existing and proposed statutes and regulations

Voya Investment Management Investment Philosophy

Voya Investment Management Co. takes an active, research-driven approach to investing. On the whole, Voya says that its mission is to "find unrecognized value ahead of consensus." Thus, it looks at investment potential outside of the "consensus view." The firm strives to determine investment opportunities ahead of the curve through proprietary research and analytics focused on finding market inefficiencies. It relies on disciplined investment processes in an effort to increase the likelihood of repeating investment performance.

Like many investment management firms, Voya prefers a long-term horizon. When it builds portfolios, it makes an effort to ensure that they are diversified and consistent with clients' guidelines. Ultimately, Voya says that it’s driven by its clients' needs.

Fees Under Voya Investment Management

Voya typically charges clients for its investment advisory and management services based on a percentage of assets under management. Fees are owed quarterly. Its fees vary based on the strategy used, the size of the client's account and the services provided.

Strategy Fee Rate
Equity 0.20% - 0.85%
Fixed Income 0.30% - 1.00%
Multi-Asset Strategies 0.10% - 1.00%

For wrap programs, Voya typically receives an annual fee ranging from 0.125% to 1.00%, with that fee varying based on the program sponsor, account type and the services provided. Fees for funds are provided in each particular fund's prospectus.

In addition to asset-based fees, clients may also bear custody and audit fees, commissions, clearing charges, taxes and transaction costs. Clients may also incur additional costs if Voya invests their assets in a pooled investment vehicle.

What to Watch Out For

As part of a large financial company, Voya Investment Management Co. has a number of potential conflicts of interest and affiliations that current and prospective clients should be note. Certain Voya Investment Management Co. employees are also representatives of Voya Investment Distributors, an affiliated broker-dealer. They may earn additional compensation from the sale of funds.

Also bear in mind that Voya Investment Management charges certain qualified clients on a performance fee basis. This may present potential conflicts of interest as it could incentivize a portfolio manager to take greater risks in an effort to increase portfolio performance.

Disclosures

Though its affiliates do have disclosures, Voya Investment Management Co. specifically does not. The division reports in its Form ADV (SEC-filed paperwork) that it hasn't specifically been involved in any legal or disciplinary events within the last decade that would be pertinent to prospective clients.

Opening an Account with Voya Investment Management

If you're interested in becoming a client of Voya, you can contact the firm through its website. Simply hover over the "Our Firm" button on the top right corner of the website and click on "Contact Us." From there, you'll be guided to a page with three options, depending on which type of client you are: individual investors, financial advisors and institutional advisors. 

Once you select an option, you'll land on a page where you can find the firm's phone number and mailing address. Voya also provides a form that you can fill out to have the firm reach out to you, instead of vice versa. For this option, you'll simply have to provide your first and last name, email address, phone number and any comments or questions you may have, as well as indicate whether you'd prefer the firm to call or email you.

Where Is Voya Investment Management Co. Located?

Voya Investment Management Co. is headquartered in New York, where its office is located in Midtown Manhattan on Park Avenue. It also has offices in Scottsdale, Arizona; Windsor, Connecticut; Atlanta, Georgia; Overland Park, Kansas; and West Chester, Pennsylvania.

Tips for Finding a Financial Advisor

  • Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • When you’re considering your options, you want to ensure you do plenty of research. You should be sure to ask financial advisors about their fee schedule, investing style and any past disclosures. You should also explicitly ask your financial advisor whether he or she is a fiduciary.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research