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|
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...
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
April 21, 2018 - Firm 2017 % revenue ($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...
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.
Latest news & opinion
Theories for what's driving the growth spurt abound, but it surpassed all other regions of the country.
We reached out to advisers to find out which apps they are using to run their business more efficiently.
A deeper look at men's anxiety in the midst of the #MeToo movement will clarify the situation and lead to a productive response.
• In the wake of the #MeToo movement, men go to extremes and women pay the price
• Are you serious, Wall Street? A response to some men's reaction to the #MeToo movement
Here are some tax moves clients can still make before year-end.
As he becomes head of the House Ways and Means Committee, Rep. Richard Neal (D-Mass.) is poised to make some big changes.