MML Investors Services, LLC

MML Investors Services, LLC

A subsidiary of Massachusetts Mutual Life Insurance Company

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1295 State St.

Springfield, MA 01111

(800) 542-6767

mmlinvestors.com

Clearing firm: National Financial Services LLC

No. advisers: 7,714

AUM: $224,800,000,000

Year founded: 1981

Year end: Dec. 31

No. of retail offices: 1,522

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

Top ExecutiveWendy Benson
Recruiting ContactDaniel Flynn
980-293-8141
E-mail
Compliance ContactSusan Scanlon
(413) 744-1515
E-mail
Marketing ContactTara Reynolds
413-744-5075
E-mail
Technology Operations ContactThomas Bauer
860-835-8645
E-mail

Recruitment & Staffing

2017 2016 2015
No. of reps7,7144,4364,796
No. of producing reps8,6283,7373,977
No. of reps producing $100K-$499K /year1,936665731

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$1,050,376,999$367,555,763$388,711,705
Commission revenues$657,554,618$239,952,825$265,802,669
Fee revenues$367,113,038$96,664,170$91,008,553
Total revenues: Other$25,709,343$30,938,768$31,900,483
2017 2016 2015
Total account assets$224,800,000,000$73,100,000,000$70,677,555,001
Fee-based assets$42,600,000,000$15,300,000,000$13,933,737,787
Total account assets: Other$182,200,000,000$57,800,000,000$56,743,817,214
Average assets per rep$29,141,820$16,478,810$14,736,771

MML loses $400 million team to Commonwealth

August 20, 2018 - A four-adviser team managing $400 million in assets at MML Investors Services has affiliated with Commonwealth Financial Network. Innovative Financial Solutions, based in Bloomington, Ind., and Palm Coast, Fla., is led by partners William Verhagen, Christopher...

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Rep fired by NY Life barred from industry for failing to show up at Finra hearing

December 29, 2017 - The Financial Industry Regulatory Authority Inc. has barred former NY Life Securities representative Tyrone Pang for failing to appear at a hearing investigating alleged rule violations. In June 2015, NY Life terminated Mr. Pang's employment for violating...

MetLife cutting annuity pay to some of its former advisers

September 5, 2017 - MetLife Inc. is cutting compensation on annuities sold by former advisers who moved to other broker-dealers after MetLife sold its Premier Client Group last year to Massachusetts Mutual Life Insurance Co. And the cut in pay is drastic. According to a...

Top clearing and custody firms for financial advisers

August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...

Top independent broker-dealers by revenue and payout

April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.

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