Metlife Investment Management, LLC

CRD#142463
Investment Advisor Firm

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Overview

Metlife Investment Management, LLC is a financial advisory company headquartered in Whippany, New Jersey. Metlife Investment Management, LLC manages $501.1 billion in total assets throughout 802 client accounts, placing it among the largest firms in the nation by assets under management (AUM). It has a large team of 909 employees, of which 428 are financial advisors. Metlife Investment Management, LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are tradable financial assets like options, equities and bonds.

Metlife Investment Management, LLC oversees more than half of the firm's accounts on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction decisions for the client's account without requiring the client's authorization. The firm also manages 60 non-discretionary accounts with a total of $6.4 billion in AUM. The investment advisory firm's typical account size is $624.8 million. An average financial advisor at Metlife Investment Management, LLC oversees around two client accounts, making it one of the most individualized advisor firms in the country.

The company's main office is located at One Metlife Way, Whippany, New Jersey 7981. The company is legally allowed to serve investors throughout a number of states, including California, District of Columbia, Georgia, Illinois, Kansas, New Jersey, Pennsylvania and Texas.

Assets Under Management

$501.1 billion

Number of Advisors

428

Disclosures

No

Office Location

One Metlife Way
Whippany, NJ 07981

Metlife Investment Management, LLC by the Numbers

Total Assets Under Management

$501.1 billion

National Average: $3.7 billion
Total Number of Employees

909

National Average: 29
Total Number of Accounts

802

National Average: 2,073
Average Account Size

$624.8 million

National Average: $1.8 million

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Products and Services

Metlife Investment Management, LLC offers a number of services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. It does not sell products or offer services aside from investment advisory services to its investment advisory accounts. The company is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and commodity pool advisor.

Core Advisor Services

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    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.

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    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.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

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

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Fee Structure

Fees charged by financial advisors depend on which services the firm provides the client. Fees charged by the company most likely consist of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Metlife Investment Management, 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 17% of firms

    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.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    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.

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

    Commissions

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    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 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.

  • Find one of the 40% of firms that offer this fee type

    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.

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    Other

    Show Explanation

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

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Types of Clients

Metlife Investment Management, LLC manages money for a broad range of clients. The company works with high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, corporations and other. Out of its 802 accounts, Metlife Investment Management, LLC's biggest client group is pension plans, though it also manages money for five high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). About 17% of the company's customers reside abroad.

  • High-Net-Worth Individuals* - 2.29%
  • Other Individuals - 0%
  • Corporations - 93.58%
  • Charitable Organizations - 4.13%

* 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

Metlife Investment Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA