Mml Investors Services, LLC
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Learn more about Mml Investors Services, LLC
Mml Investors Services, LLC operates as a financial advisory firm based in Springfield, Massachusetts. The company has $58.8 billion in assets under management throughout 326,297 customer accounts, making it one of the biggest firms in the country by assets under management (AUM). The company has a very large group, including 4,951 financial advisors. Mml Investors Services, LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments such as equities, bonds and options.
Mml Investors Services, LLC manages some of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments without requiring client permission. Mml Investors Services, LLC also administers 197,259 non-discretionary accounts with a total of $26.3 billion in AUM. The investment advisory firm manages an average of $180,164 in assets for every account. The average advisor at Mml Investors Services, LLC administers about 66 client accounts, making it about average in terms of personalization.
Mml Investors Services, LLC's headquarters is located at 1295 State Street, Springfield, Massachusetts 01111-0001. Mml Investors Services, LLC is legally permitted to provide services to clients throughout 49 U.S. states and territories.
Assets Under Management
Number of Advisors
Mml Investors Services, LLC by the Numbers
Products and Services
Mml Investors Services, LLC offers a variety of 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 prior fiscal year, the firm provided financial planning services to 16000 of its accounts. The company is involved in selling products or offering services apart from investment advice to its clients. Mml Investors Services, LLC is affiliated with one or more other companies 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 31% 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 46% of firms
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.
Offered by 20% 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 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial advice largely are based on which services the firm provides the client. Fees charged by the company most likely include the following fee types: asset-based, hourly, fixed or other. Mml Investors Services, LLC does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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 21% of firms
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 32% of firms
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 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 1% of firms that offer this fee type
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 26% of firms that offer this fee type
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 0% of firms that offer this fee type
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.
Types of Clients
The company works with a broad range of clients. The company provides services to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, insurance companies, corporations and other. Out of its 326,297 customers, Mml Investors Services, LLC's biggest client group by number of accounts is retail investors, though it also manages money for 329 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.
- High-Net-Worth Individuals* - 0.1%
- Other Individuals - 98.58%
- Corporations - 1.19%
- Charitable Organizations - 0.14%
* 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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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
Lake Oswego, OR
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