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: 7,514
Year founded: 1981
Year end: Dec. 31
No. of retail offices: 1,437
Recruitment & Staffing
|No. of reps||7,316||7,714||4,436|
|No. of producing reps||8,424||8,628||3,737|
|No. of reps producing $100K-$499K /year||2,242||1,936||665|
|Total revenues: Other||$4,243,944||$30,938,768||$31,900,483|
|Total account assets||$198,900,000,000||$73,100,000,000||$70,677,555,001|
|Total account assets: Other||$156,300,000,000||$57,800,000,000||$56,743,817,214|
|Average assets per rep||$25,784,288||$16,478,810||$14,736,771|
February 14, 2019 - The Financial Industry Regulatory Authority Inc. said Wednesday that it had barred a broker who sold close to $3.5 million of promissory notes relating to the Woodbridge Group of Companies, a purported real estate investment fund that turned out to be...
December 5, 2018 - The Financial Industry Regulation Authority Inc. has suspended a broker who instructed his assistant to complete his continuing education coursework in his place. Danijel Velicki, a broker employed with MML Investors Services in Virginia, was required...
October 9, 2018 - In a court of law, the accused has the right to face the witnesses testifying against him. The details of a recent Financial Industry Regulatory Authority Inc. enforcement action show how far removed from a court of law such actions are taken, at times,...
August 20, 2018 - A four-adviser team managing $400 million in assets at MML Investors Services has affiliated with Commonwealth Financial Network. Innovative Financial Solutions, based in Bloomington, Ind., and Palm Coast, Fla., is led by partners William Verhagen, Christopher...
April 21, 2018 - Firm 2017 % revenue ($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...
- 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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