Merrill Lynch, Pierce, Fenner & Smith Incorporated

Broker-DealerFINRA MemberEst. 1978

Total AUM

$1.8T

Discretionary

$441B

25% of AUM

Accounts

3,253,265

Employees

32,960

Advisory reps

27,180

Brokerage reps

26,599

Firm details

Headquarters: New York, New York
CRD number: 7691
Registered since: December 8, 1978
Website: www.ml.com
Custodians: MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Fee structure: Percentage of AUM, Fixed Fees, Commissions
Client types: HNWI68.9%
Individuals17.6%
Corporations / Businesses7.36%
Pension & Profit Sharing Plans3.31%
Charitable Organizations2.42%
Services: Portfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Merrill Lynch, Pierce, Fenner & Smith Incorporated is the wealth-management arm of a wirehouse that operates as a broker-dealer and insurance broker while also functioning as a qualified custodian and investment bank. The firm serves a mixed client base of individuals, families and institutional clients and offers both discretionary and non-discretionary solutions. Advisory services include portfolio management for individuals and businesses, pension consulting, selection of third‑party advisers and educational seminars. Compensation is delivered via a mix of AUM fees, fixed fees and commission-based arrangements. The firm is identified as an active ESG investor, which suggests ESG considerations are incorporated into some client solutions and manager evaluations.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Exchange Traded Equities37%
Private Funds30%
Public Funds/Mutual Funds15%
State & Local Bonds6%
US Government Bonds4%

Owners & executives

3 of 29

Harald Gundersen
Managing Director, Chief Investment Office, Global Wealth & InvestmentCRD 1871111
Raymond Wong
Chief Executive OfficerCRD 2109336
Christopher Hyzy
Chief Investment OfficerCRD 2181087