MML Investors Services, LLC
A subsidiary of Massachusetts Mutual Life Insurance Company
1295 State St.
Springfield, MA 01111
Clearing firm: National Financial Services LLC
No. advisers: 7,714
Year founded: 1981
Year end: Dec. 31
No. of retail offices: 1,522
Recruitment & Staffing
|No. of reps||7,714||4,436||4,796|
|No. of producing reps||8,628||3,737||3,977|
|No. of reps producing $100K-$499K /year||1,936||665||731|
|Total revenues: Other||$25,709,343||$30,938,768||$31,900,483|
|Total account assets||$224,800,000,000||$73,100,000,000||$70,677,555,001|
|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||$14,736,771|
April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...
December 29, 2017 - The Financial Industry Regulatory Authority Inc. has barred former NY Life Securities representative Tyrone Pang for failing to appear at a hearing investigating alleged rule violations. In June 2015, NY Life terminated Mr. Pang's employment for violating...
September 5, 2017 - MetLife Inc. is cutting compensation on annuities sold by former advisers who moved to other broker-dealers after MetLife sold its Premier Client Group last year to Massachusetts Mutual Life Insurance Co. And the cut in pay is drastic. According to a...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($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...
March 30, 2017 - Massachusetts Mutual Life Insurance Co. is moving to level compensation brokers receive for working with 401(k) plans, a step other large brokerages have taken in response to the Department of Labor's fiduciary rule. The firm, which has more than 9,000...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
- 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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