Mml Investors Services, LLC is a large advisory firm based in Springfield. It manages $30.09 billion of regulatory assets for 185,684 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.
Mml Investors Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and asset allocation programs. It prepares financial plans for approximately 8,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mml Investors Services, LLC is $30.09 billion. The firm's AUM has grown by 2861% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Mml Investors Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Michael Thomas Rollings is individuals with 182,829 clients and $28.42 billion of assets under management. Among the 7 most similar advisory firms, Mml Investors Services has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $30.08 billion for 185,675 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Mml Investors Services doesn't advise any private funds.
The company employs 7,805 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 4,363 employees are registered as investment adviser representatives with the state securities authorities.
There are 93 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Michael Thomas Rollings has been acting as President since 1 Dec 2006. Geoffrey Craddock joined the executive team most recently as the Director.
The principal office where Mml Investors Services, LLC performs its advisory services is located at 1295 State Street, Springfield, MA 01111 0001, which is also the mailing address of the firm. An additional office of the firm is in Hauppauge, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (413)737-8400 or by fax (413)744-1295. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mmlinvestors.com.