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: 7,514

Year founded: 1981

Year end: Dec. 31

No. of retail offices: 1,437

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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

CEOJohn Vaccaro
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
E-mail

Recruitment & Staffing

2018 2017 2016
No. of reps7,3167,7144,436
No. of producing reps8,4248,6283,737
No. of reps producing $100K-$499K /year2,2421,936665

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$1,050,377,000$367,555,763$388,711,705
Commission revenues$665,538,647$239,952,825$265,802,669
Fee revenues$380,594,409$96,664,170$91,008,553
Total revenues: Other$4,243,944$30,938,768$31,900,483
2017 2016 2015
Total account assets$198,900,000,000$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$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

Finra bars ex-MML broker who sold $3.5 million of Woodbridge Ponzi

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...

Finra suspends broker who had assistant complete his coursework

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...

In cases that could tarnish a broker's reputation, Finra must do better

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,...

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...

Top independent broker-dealers ranked by revenue

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%...

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...

    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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