Mml Investors Services, LLC

CRD#10409
Investment Advisor Firm

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Overview

Mml Investors Services, LLC operates as an advisory firm that has its headquarters in Springfield, Massachusetts. It has $39.6 billion in assets across 206,878 accounts, placing it among the largest firms in the country by assets under management (AUM). It has a very large group of 7,471 employees, including 5,219 financial advisors. Mml Investors Services, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets like bonds, stocks and options.

Mml Investors Services, LLC oversees 64,820 of its client assets in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by a portfolio manager without requiring client permission. Mml Investors Services, LLC also manages 142,058 non-discretionary accounts totaling $21.3 billion in assets. The investment advisory firm oversees roughly $191,239 in assets for each customer account. An average financial advisor at Mml Investors Services, LLC manages around 40 client accounts, placing it towards the middle in terms of personalization.

The firm's central office is located at 1295 State Street, Springfield, Massachusetts 01111-0001. It is legally permitted to provide services to investors across 49 U.S. states and territories.

Assets Under Management

$39.6 billion

Number of Advisors

5,219

Disclosures

No

Office Location

1295 State Street
Springfield, MA 01111-0001

Mml Investors Services, LLC by the Numbers

Total Assets Under Management

$39.6 billion

National Average: $3.7 billion
Total Number of Employees

7,471

National Average: 29
Total Number of Accounts

206,878

National Average: 2,073
Average Account Size

$191.2 thousand

National Average: $1.8 million

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Products and Services

Mml Investors Services, LLC offers multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services. In the last fiscal year, the company provided financial planning services to 9000 of its customers. It is engaged in selling products or offering services apart from investment advisory services to its clients. Mml Investors Services, LLC is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant, real estate broker or dealer and commodity pool advisor.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 62% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees typically depend on which service is provided. Fees billed by the firm can include any blend of the following fee types: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Mml Investors Services, LLC.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 35% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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Types of Clients

The company does business with a number of different clients. Mml Investors Services, LLC caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 206,878 customers, Mml Investors Services, LLC's biggest client type by number of accounts is retail investors, but it also manages money for 147 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 0.07%
  • Other Individuals - 98.53%
  • Corporations - 1.28%
  • Charitable Organizations - 0.12%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Mml Investors Services, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Mml Investors Services, LLC

William Creeden
Charleston, SC
Leann Price
Seattle, WA
Drew Catanese
Tampa, FL
Hunter Trotter
Newtown Square, PA
Stephen Niple
Cleveland, OH
William Heaney
New Bedford, MA
April Romero
Virginia Beach, VA
Phillip Bacon
Columbia, MO
Phillipe Paret
Miami, FL

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This content was compiled from the SEC and FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.