Dreyfus Corporation

The firm's origin dates back to 1947, when investor Jack Dreyfus founded a brokerage house in New York City named Dreyfus & Co.^[2][3]

In 1951, attracted by the concept of mutual funds, Dreyfus & Co. purchased a small management company named John G. Nesbett & Co., Inc. with a small common stock fund called The Nesbett Fund Incorporated. Nesbett & Co. was renamed The Dreyfus Corporation, and The Nesbett Fund became The Dreyfus Fund Incorporated.^[2][3]

Going public in 1965, Dreyfus was among the first money management firms to tap into the stock market for additional capital.^[2][3]

In 1976, Dreyfus was among the first fund companies to introduce an incorporated tax-exempt municipal bond fund.^[2][3]

In 1994, Dreyfus completed its landmark merger with Mellon Bank Corporation, and became a wholly owned subsidiary of Mellon Financial Corporation. The merger, a milestone in the history of financial services in the United States, was at the time the largest-ever combination of a bank and mutual fund company.^[4][2][3]

On July 1, 2007, The Bank of New York Company, Inc. and Mellon Financial Corporation merged to form a new company BNY, one of the world's largest global asset management and securities services companies.^[5] The reach of Dreyfus' distribution capabilities now extends to the resources of BNY and its exclusive network of institutional asset managers.^[2][3]

As a BNY company, Dreyfus provides access to its global network of asset managers, delivering investment insight and products — equity, fixed income, global/international and money market mutual funds, separately managed accounts, retirement and cash management strategies, asset allocation solutions and brokerage services. Dreyfus products are delivered through a variety of distribution channels: intermediary (advisor-sold), institutional, and retail direct.