Merrill Lynch, Pierce, Fenner & Smith Incorporated

Broker-DealerFINRA Member

Total AUM

$1.8T

Discretionary

$441B

25% of AUM

Accounts

3,253,265

Employees

32,960

Advisory reps

27,319

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 operates as a wirehouse brokerage and qualified custodian with a broad mix of wealth management and institutional services. The firm is organized as a corporation and combines broker-dealer and insurance-broker activities with advisory services, including portfolio management for individuals, small businesses and institutions, pension consulting, selection of other advisers, and educational workshops. Fee arrangements span AUM-based fees, fixed fees and commission models. The firm reports being an active ESG investor and is registered to provide pension consulting and related fiduciary-type services.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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Investment profile

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

CRM & tech providers

TAMPs used

Clients

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

Rolando Castellanos
Chief Investment OfficerCRD 5754906
William Cohen
Division Chief Operating OfficerCRD 5168762
Reshma Patel
Managing Director, COO Group, Banking AmericasCRD 5327733

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Contacts

3 of 27290

Kimberly Bleach
Managing Director, Private Client AdvisorCRD 5639414
Shannon Vaughan
Market Supervision Manager, DirectorCRD 5639868
Cory Grant
FSACRD 5641676

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Wealth teams

Newly hired reps

Recent M&A activity

Recent filings

Awards

ETF holdings

1 of 1,850

Active vs passive

$790B in ETFs

Passive

92%

$729B

Active

5%

$61.7B

ETF	Provider	Style	Category	Value	Shares	% of portfolio
VANGUARD VALUE INDEX FUND (VTV)	Vanguard	Passive	Large Value	$29.3B	134,456,813	3.71%

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Primary office

New York, NY

New York

Location

New York, NY

Headquartered in New York, NY, anchoring the New York-Newark, NY-NJ-CT-PA metro in the Northeast.

Metro area: New York-Newark, NY-NJ-CT-PA
Region: Northeast
County: New York
Address: 1 Bryant Park
Time zone: ET (UTC-5)
Office locations

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