Tawfiq
Farraj

Merrill Lynch, Pierce, Fenner & Smith Inc

CRD#5592837
Investment Advisor
in Lisle, IL

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About this Advisor

Tawfiq Farraj is a financial advisor working out of Lisle, Illinois. Farraj is currently employed by Merrill Lynch, Pierce, Fenner & Smith Inc. Throughout their career, they have worked at Merrill Lynch, Pierce, Fenner & Smith Inc, Chicago Kent College Of Law, Redline Resources, Bank Of America, N.A, Fifth Third Bank, Fifth Third Securities, Citigroup, Bank Of America N.A, Illinois Institute Of Technology, Devry Education Group and H&R Block. Farraj maintains Series 63 and Series 66 licenses, qualifying them as a securities agent, and is approved to operate in Illinois and Texas. Merrill Lynch, Pierce, Fenner & Smith Inc is a business that has its headquarters in New York, NY. The firm has offices in 3,372 locations and a total of 36,687 financial advisors. It oversees $1 trillion in assets among its 2,864,234 customer accounts, making it one of the biggest investment advisory firms in the country by assets under management. The firm advises 4,459 charitable organizations. Of its 2,864,234 client accounts, 23% are associated with high-net-worth individuals who have greater than $1 million in assets. Merrill Lynch, Pierce, Fenner & Smith Inc offers a number of services, such as portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. Fees for financial management largely are based on which services the firm provides the client. However, fee types charged by Merrill Lynch, Pierce, Fenner & Smith Inc likely include asset-based, fixed and commission-based fees.

Certifications and Registrations

Series 63, Series 66

Years Registered*

less than 1 year

Services Offered

Portfolio management for individuals and/or small businesses, Portfolio management for pooled investment vehicles, Portfolio management for businesses or institutional clients, Pension consulting services, Selection of other advisers, Other

Fee Structure

Percentage of Assets, Fixed Fees, Commissions

Office Location

3333 Warrenville Rd
Lisle, IL 60532

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Merrill Lynch, Pierce, Fenner & Smith Inc Brokerage Details

Total Assets Under Management

$1,093,689,238,206

IL Average: $7,464,549,021
Total Number of Employees

36,687

IL Average: 88
Total Number of Accounts

2,864,234

IL Average: 3,892
Average Account Size

$381,844

IL Average: $1,917,921

Investment Advisory Services

  • Portfolio management for individuals and/or small businesses
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses or institutional clients
  • Pension consulting services
  • Selection of other advisers
  • Other

Tawfiq Farraj Work History

Tawfiq has been registered as a financial advisor for 0 years.*

2023 - Present (1 year)

Bank Of America N.A

2022 - Present (2 years)

Merrill Lynch, Pierce, Fenner & Smith Inc

2021 - 2022 (1 year)

Citigroup

2019 - 2021 (2 years)

Fifth Third Bank

2019 - 2021 (2 years)

Fifth Third Securities

2016 - 2019 (3 years)

Merrill Lynch, Pierce, Fenner & Smith Inc

2016 - 2016 (< 1 year)

Redline Resources

2016 - 2019 (3 years)

Bank Of America, N.A

2015 - 2015 (< 1 year)

Illinois Institute Of Technology

2014 - 2015 (1 year)

H&R Block

2010 - 2015 (5 years)

Chicago Kent College Of Law

2010 - 2015 (5 years)

Devry Education Group

*The number of years registered in this profile is calculated by taking the year of an advisor's first active registration and subtracting it from the current year.

Disclosures

Please visit the SEC profile of Tawfiq Farraj to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

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Bryce Witner
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Andre Stampfel
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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