MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Adviser information for MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED last updated from Form ADV on March 22nd, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Corporation
Fiscal Year End DECEMBER
Legal Location Delaware, United States

Employees

Total Number of Employees 34934
Investment Advisory/Research 26251
Registered Broker-Dealer Representatives 27997
Registered State Investment Advisers 26251
Licensed Agents of an Insurance Company 12506
No. of Firms/People that Solicit Clients 7

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 730,188 $343.9B
Non-Discretionary 2.2M $927.7B
Total 2.9M $1271.6B

Clients

Type Number RAUM
Individuals 1.2M $274.1B
HNW Individuals 411,703 $821.1B
Banking or thrift institutions 2 $7.6M
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 0 $0
Pension and profit sharing plans 17,234 $46.6B
Charitable organizations 4,472 $20.8B
State or municipal gov entities 168 $1.4B
Other investment advisers 0 $0
Insurance companies 262 $2.3B
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 20,404 $105.3B
Other 0 $0
Type Number
No. of Non-RAUM Clients 16965
No. of Non-U.S. Clients 1

Services

Advisory Services Portfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshopsPERFORMANCE MEASUREMENT REPORTS, ALLOCATION MODELING, IPS, RESEARCH REPORTS AND SERVICES, SEE SCHEDULE D
Compensation % of AUMFixed feesCommissions
Other Business Activities Broker-dealerInsurance broker or agent

Wrap Fee Program

Offers Wrap Fee Program Yes
Acting As RAUM
Sponsor 520.7B
Portfolio Manager 0
Both for Same 723.9B
Portfolio Manager to Program Sponsor
MERRILL GUIDED INVESTING WITH ADVISOR MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
MERRILL LYNCH INVESTMENT ADVISORY PROGRAM MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
MERRILL GUIDED INVESTING MANAGED ACCOUNT ADVISORS LLC
MERRILL LYNCH INVESTMENT ADVISORY PROGRAM MANAGED ACCOUNT ADVISORS LLC
MERRILL GUIDED INVESTING WITH ADVISOR MANAGED ACCOUNT ADVISORS LLC
MERRILL EDGE ADVISORY ACCOUNT MANAGED ACCOUNT ADVISORS LLC
MERRILL GUIDED INVESTING MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
MERRILL EDGE ADVISORY ACCOUNT MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Chief Compliance Officer

MICHAEL KARAM
1600 AMERICAN BLVD
NJ2-600-02-45
PENNINGTON
NJ
United States
Tel: 609-274-1757
(Full email address available in API data)

Regulatory Contact

ANGELIQUE NORWOOD
AVP, BANK OF AMERICA-MERRILL LYNCH INTAKE GROUP
100 N TRYON ST
NC1-007-14-30
CHARLOTTE
NC
United States
Tel: 704-930-9699
Fax: 646-822-5786
(Full email address available in API data)

Industry Affiliates

BANC OF AMERICA SECURITIES ASIA LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealerBanking or thrift institution
BANK OF AMERICA CALIFORNIA, NATIONAL ASSOCIATION Banking or thrift institution
BANK OF AMERICA EUROPE DESIGNATED ACTIVITY COMPANY Banking or thrift institution
BANK OF AMERICA MALAYSIA BERHAD Banking or thrift institution
BANK OF AMERICA MERRILL LYNCH BANCO MULTIPLO S.A. Banking or thrift institution
BANK OF AMERICA MEXICO, S.A., INSTITUCION DE BANCA MULTIPLE Banking or thrift institution
BANK OF AMERICA SINGAPORE LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealerBanking or thrift institution
BANK OF AMERICA YATIRIM BANK A.S. Broker-dealer, municipal securities dealer, or gov securities broker or dealerBanking or thrift institution
BANK OF AMERICA, NATIONAL ASSOCIATION Broker-dealer, municipal securities dealer, or gov securities broker or dealerRegistered security-based swap dealerBanking or thrift institution
BOFA SECURITIES EUROPE SA Broker-dealer, municipal securities dealer, or gov securities broker or dealerRegistered security-based swap dealer
BOFA SECURITIES INDIA LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
BOFA SECURITIES JAPAN CO., LTD. Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchantInsurance company or agencyReal estate broker or dealer
BOFA SECURITIES PRIME, INC. Broker-dealer, municipal securities dealer, or gov securities broker or dealer
BOFA SECURITIES, INC. Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersFutures commission merchant
MANAGED ACCOUNT ADVISORS LLC Other investment adviser, including financial planners
MERRILL LYNCH (ASIA PACIFIC) LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealer
MERRILL LYNCH (AUSTRALIA) FUTURES LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
MERRILL LYNCH (SINGAPORE) PTE LTD. Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
MERRILL LYNCH ARGENTINA S.A. Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
MERRILL LYNCH BANK AND TRUST COMPANY (CAYMAN) LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealerBanking or thrift institutionTrust company
MERRILL LYNCH CANADA INC. Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
MERRILL LYNCH CORREDORES DE BOLSA, SPA Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
MERRILL LYNCH EQUITIES (AUSTRALIA) LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealer
MERRILL LYNCH FAR EAST LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
MERRILL LYNCH INTERNATIONAL Broker-dealer, municipal securities dealer, or gov securities broker or dealerRegistered security-based swap dealer
MERRILL LYNCH INTERNATIONAL, LLC-SEOUL BRANCH Broker-dealer, municipal securities dealer, or gov securities broker or dealerFutures commission merchant
MERRILL LYNCH LIFE AGENCY INC. (MONTANA) Insurance company or agency
MERRILL LYNCH LIFE AGENCY INC. (PUERTO RICO) Insurance company or agency
MERRILL LYNCH LIFE AGENCY INC. (VIRGIN ISLANDS) Insurance company or agency
MERRILL LYNCH LIFE AGENCY INC. (WASHINGTON) Insurance company or agency
MERRILL LYNCH MARKETS (AUSTRALIA) PTY. LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealer
MERRILL LYNCH MEXICO, S.A. DE C.V., CASA DE BOLSA Broker-dealer, municipal securities dealer, or gov securities broker or dealer
MERRILL LYNCH S.A. CORRETORA DE TITUTOS E VALORES MOBILIARIOS Broker-dealer, municipal securities dealer, or gov securities broker or dealer
MERRILL LYNCH SECURITIES (TAIWAN) LTD. Futures commission merchant
MERRILL LYNCH SECURITIES (THAILAND) LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealer
MERRILL LYNCH SOUTH AFRICA (PROPRIETARY) LIMITED Broker-dealer, municipal securities dealer, or gov securities broker or dealer
MERRILL LYNCH, KINGDOM OF SAUDI ARABIA COMPANY Broker-dealer, municipal securities dealer, or gov securities broker or dealer
PT MERRILL LYNCH SEKURITAS INDONESIA Broker-dealer, municipal securities dealer, or gov securities broker or dealer
U.S. TRUST COMPANY OF DELAWARE Trust company

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
None

Control Persons

Name Type Entity Title Since Ownership
BANK OF AMERICA CORPORATION Domestic Entity NB HOLDINGS CORPORATION SHAREHOLDER 10/1998 > 75%
BAC NORTH AMERICA HOLDING COMPANY Domestic Entity SHAREHOLDER 01/2015 > 75%
NB HOLDINGS CORPORATION Domestic Entity BAC NORTH AMERICA HOLDING COMPANY SHAREHOLDER 10/2008 > 75%
GUARDINO, JOSEPH ANTHONY JR Individual CHIEF OPERATIONS OFFICER & FINOP 04/2015 < 5%
HANS, LINDSAY DENARDO Individual STATE DESIGNATED PRINCIPAL & DIRECTOR 01/2019 < 5%
LEVINE, ARON DANIEL Individual DIRECTOR 05/2019 < 5%
SABBIA, LORNA ROSE Individual DIRECTOR 05/2019 < 5%
HEATON, DAVID CARLETON JR Individual CHIEF LEGAL OFFICER 05/2019 < 5%
ALAM, SYED FARUQE Individual CHIEF FINANCIAL OFFICER 09/2019 < 5%
SCHIMPF, ERIC A Individual DIRECTOR & CHIEF EXECUTIVE OFFICER, STATE DESIGNATED PRINCIPAL 04/2023 < 5%
KARAM, MICHAEL RICHARD Individual CHIEF COMPLIANCE OFFICER 01/2024 < 5%
FAHMY, NANCY MONIR Individual DIRECTOR 01/2024 < 5%

No. Employees, Historic

50,00025,0000201920202021202220232024202541217 on 4/4/201941217 on 4/22/201941217 on 5/12/201941217 on 5/13/201941217 on 5/20/201941217 on 5/29/201941217 on 5/30/201941217 on 5/30/201941217 on 6/20/201941217 on 6/24/201941217 on 7/22/201941217 on 7/29/201941217 on 8/1/201941217 on 8/9/201941217 on 8/21/201941217 on 9/5/201941217 on 9/19/201941217 on 9/20/201941217 on 9/20/201941217 on 9/26/201941217 on 10/18/201941217 on 11/1/201941217 on 11/19/201941217 on 11/20/201941217 on 12/5/201941217 on 12/12/201941217 on 12/20/201941217 on 1/13/202041217 on 1/14/202041217 on 1/22/202041217 on 2/20/202036383 on 3/23/202036383 on 3/23/202036383 on 4/20/202036383 on 4/28/202036383 on 5/20/202036383 on 6/5/202036383 on 6/12/202036383 on 6/15/202036383 on 6/22/202036383 on 6/26/202036383 on 7/20/202036383 on 7/22/202036383 on 8/4/202036383 on 8/7/202036383 on 8/18/202036383 on 8/24/202036383 on 9/21/202036383 on 10/1/202036383 on 10/13/202036383 on 10/20/202036383 on 11/2/202036383 on 11/9/202036383 on 11/10/202036383 on 11/23/202036383 on 11/23/202036383 on 11/30/202036383 on 12/21/202036383 on 1/5/202136383 on 1/20/202136383 on 2/19/202136025 on 3/22/202136025 on 3/22/202136025 on 3/23/202136025 on 4/20/202136025 on 4/29/202136025 on 5/4/202136025 on 5/20/202136025 on 6/21/202136025 on 7/15/202136025 on 7/20/202136025 on 8/20/202136025 on 8/20/202136025 on 8/27/202136025 on 9/13/202136025 on 9/23/202136025 on 10/19/202136025 on 10/20/202136025 on 10/25/202136025 on 11/3/202136025 on 11/3/202136025 on 11/3/202136025 on 11/26/202136025 on 11/30/202136025 on 1/3/202236025 on 1/4/202236025 on 1/19/202236025 on 1/25/202236025 on 3/3/202236025 on 3/14/202234906 on 3/21/202234906 on 3/21/202234906 on 3/21/202234906 on 4/8/202234906 on 4/27/202234906 on 5/27/202234906 on 6/3/202234906 on 6/10/202234906 on 6/22/202234906 on 7/21/202234906 on 8/11/202234906 on 8/11/202234906 on 8/22/202234906 on 9/15/202234906 on 9/22/202234906 on 9/22/202234906 on 9/30/202234906 on 10/24/202234906 on 10/24/202234906 on 10/24/202234906 on 10/25/202234906 on 10/31/202234906 on 11/3/202234906 on 11/25/202234906 on 12/20/202234906 on 12/22/202234906 on 1/3/202334906 on 1/3/202334906 on 1/27/202334906 on 2/23/202336687 on 3/20/202336687 on 3/20/202336687 on 3/22/202336687 on 4/12/202336687 on 4/26/202336687 on 5/2/202336687 on 5/3/202336687 on 5/4/202336687 on 5/8/202336687 on 5/19/202336687 on 5/24/202336687 on 5/26/202336687 on 5/31/202336687 on 6/6/202336687 on 7/5/202336687 on 7/28/202336687 on 8/3/202336687 on 8/4/202336687 on 8/9/202336687 on 8/9/202336687 on 8/9/202336687 on 8/9/202336687 on 8/17/202336687 on 8/28/202336687 on 10/11/202336687 on 10/25/202336687 on 10/27/202336687 on 10/27/202336687 on 11/3/202336687 on 11/15/202336687 on 11/21/202336687 on 12/13/202336687 on 12/18/202336687 on 1/2/202436687 on 1/2/202436687 on 1/5/202436687 on 1/5/202436687 on 1/23/202436687 on 1/30/202436687 on 2/21/202436687 on 2/21/202436687 on 2/22/202434934 on 3/22/202434934 on 3/22/2024

RAUM, Historic

2000B1000B02019202020212022202320242025797284337467 on 4/4/2019797284337467 on 4/22/2019797284337467 on 5/12/2019797284337467 on 5/13/2019797284337467 on 5/20/2019797284337467 on 5/29/2019797284337467 on 5/30/2019797284337467 on 5/30/2019797284337467 on 6/20/2019797284337467 on 6/24/2019797284337467 on 7/22/2019797284337467 on 7/29/2019797284337467 on 8/1/2019797284337467 on 8/9/2019797284337467 on 8/21/2019797284337467 on 9/5/2019797284337467 on 9/19/2019797284337467 on 9/20/2019797284337467 on 9/20/2019797284337467 on 9/26/2019797284337467 on 10/18/2019797284337467 on 11/1/2019797284337467 on 11/19/2019797284337467 on 11/20/2019797284337467 on 12/5/2019797284337467 on 12/12/2019797284337467 on 12/20/2019797284337467 on 1/13/2020797284337467 on 1/14/2020797284337467 on 1/22/2020797284337467 on 2/20/2020962052205321 on 3/23/2020962052205321 on 3/23/2020962052205321 on 4/20/2020962052205321 on 4/28/2020962052205321 on 5/20/2020962052205321 on 6/5/2020962052205321 on 6/12/2020962052205321 on 6/15/2020962052205321 on 6/22/2020962052205321 on 6/26/2020962052205321 on 7/20/2020962052205321 on 7/22/2020962052205321 on 8/4/2020962052205321 on 8/7/2020962052205321 on 8/18/2020962052205321 on 8/24/2020962052205321 on 9/21/2020962052205321 on 10/1/2020962052205321 on 10/13/2020962052205321 on 10/20/2020962052205321 on 11/2/2020962052205321 on 11/9/2020962052205321 on 11/10/2020962052205321 on 11/23/2020962052205321 on 11/23/2020962052205321 on 11/30/2020962052205321 on 12/21/2020962052205321 on 1/5/2021962052205321 on 1/20/2021962052205321 on 2/19/20211084543561669 on 3/22/20211084543561669 on 3/22/20211084543561669 on 3/23/20211084543561669 on 4/20/20211084543561669 on 4/29/20211084543561669 on 5/4/20211084543561669 on 5/20/20211084543561669 on 6/21/20211084543561669 on 7/15/20211084543561669 on 7/20/20211084543561669 on 8/20/20211084543561669 on 8/20/20211084543561669 on 8/27/20211084543561669 on 9/13/20211084543561669 on 9/23/20211084543561669 on 10/19/20211084543561669 on 10/20/20211084543561669 on 10/25/20211084543561669 on 11/3/20211084543561669 on 11/3/20211084543561669 on 11/3/20211084543561669 on 11/26/20211084543561669 on 11/30/20211084543561669 on 1/3/20221084543561669 on 1/4/20221084543561669 on 1/19/20221084543561669 on 1/25/20221084543561669 on 3/3/20221084543561669 on 3/14/20221283837699073 on 3/21/20221283837699073 on 3/21/20221283837699073 on 3/21/20221283837699073 on 4/8/20221283837699073 on 4/27/20221283837699073 on 5/27/20221283837699073 on 6/3/20221283837699073 on 6/10/20221283837699073 on 6/22/20221283837699073 on 7/21/20221283837699073 on 8/11/20221283837699073 on 8/11/20221283837699073 on 8/22/20221283837699073 on 9/15/20221283837699073 on 9/22/20221283837699073 on 9/22/20221283837699073 on 9/30/20221283837699073 on 10/24/20221283837699073 on 10/24/20221283837699073 on 10/24/20221283837699073 on 10/25/20221283837699073 on 10/31/20221283837699073 on 11/3/20221283837699073 on 11/25/20221283837699073 on 12/20/20221283837699073 on 12/22/20221283837699073 on 1/3/20231283837699073 on 1/3/20231283837699073 on 1/27/20231283837699073 on 2/23/20231093689238206 on 3/20/20231093689238206 on 3/20/20231093689238206 on 3/22/20231093689238206 on 4/12/20231093689238206 on 4/26/20231093689238206 on 5/2/20231093689238206 on 5/3/20231093689238206 on 5/4/20231093689238206 on 5/8/20231093689238206 on 5/19/20231093689238206 on 5/24/20231093689238206 on 5/26/20231093689238206 on 5/31/20231093689238206 on 6/6/20231093689238206 on 7/5/20231093689238206 on 7/28/20231093689238206 on 8/3/20231093689238206 on 8/4/20231093689238206 on 8/9/20231093689238206 on 8/9/20231093689238206 on 8/9/20231093689238206 on 8/9/20231093689238206 on 8/17/20231093689238206 on 8/28/20231093689238206 on 10/11/20231093689238206 on 10/25/20231093689238206 on 10/27/20231093689238206 on 10/27/20231093689238206 on 11/3/20231093689238206 on 11/15/20231093689238206 on 11/21/20231093689238206 on 12/13/20231093689238206 on 12/18/20231093689238206 on 1/2/20241093689238206 on 1/2/20241093689238206 on 1/5/20241093689238206 on 1/5/20241093689238206 on 1/23/20241093689238206 on 1/30/20241093689238206 on 2/21/20241093689238206 on 2/21/20241093689238206 on 2/22/20241271593679276 on 3/22/20241271593679276 on 3/22/2024

No. Clients, Historic

2M1M020192020202120222023202420251317540 on 4/4/20191317540 on 4/22/20191317540 on 5/12/20191317540 on 5/13/20191317540 on 5/20/20191317540 on 5/29/20191317540 on 5/30/20191317540 on 5/30/20191317540 on 6/20/20191317540 on 6/24/20191317540 on 7/22/20191317540 on 7/29/20191317540 on 8/1/20191317540 on 8/9/20191317540 on 8/21/20191317540 on 9/5/20191317540 on 9/19/20191317540 on 9/20/20191317540 on 9/20/20191317540 on 9/26/20191317540 on 10/18/20191317540 on 11/1/20191317540 on 11/19/20191317540 on 11/20/20191317540 on 12/5/20191317540 on 12/12/20191317540 on 12/20/20191317540 on 1/13/20201317540 on 1/14/20201317540 on 1/22/20201317540 on 2/20/20201340790 on 3/23/20201340790 on 3/23/20201340790 on 4/20/20201340790 on 4/28/20201340790 on 5/20/20201340790 on 6/5/20201340790 on 6/12/20201340790 on 6/15/20201340790 on 6/22/20201340790 on 6/26/20201340790 on 7/20/20201340790 on 7/22/20201340790 on 8/4/20201340790 on 8/7/20201340790 on 8/18/20201340790 on 8/24/20201340790 on 9/21/20201340790 on 10/1/20201340790 on 10/13/20201340790 on 10/20/20201340790 on 11/2/20201340790 on 11/9/20201340790 on 11/10/20201340790 on 11/23/20201340790 on 11/23/20201340790 on 11/30/20201340790 on 12/21/20201340790 on 1/5/20211340790 on 1/20/20211340790 on 2/19/20211400916 on 3/22/20211400916 on 3/22/20211400916 on 3/23/20211400916 on 4/20/20211400916 on 4/29/20211400916 on 5/4/20211400916 on 5/20/20211400916 on 6/21/20211400916 on 7/15/20211400916 on 7/20/20211400916 on 8/20/20211400916 on 8/20/20211400916 on 8/27/20211400916 on 9/13/20211400916 on 9/23/20211400916 on 10/19/20211400916 on 10/20/20211400916 on 10/25/20211400916 on 11/3/20211400916 on 11/3/20211400916 on 11/3/20211400916 on 11/26/20211400916 on 11/30/20211400916 on 1/3/20221400916 on 1/4/20221400916 on 1/19/20221400916 on 1/25/20221400916 on 3/3/20221400916 on 3/14/20221502915 on 3/21/20221502915 on 3/21/20221502915 on 3/21/20221502915 on 4/8/20221502915 on 4/27/20221502915 on 5/27/20221502915 on 6/3/20221502915 on 6/10/20221502915 on 6/22/20221502915 on 7/21/20221502915 on 8/11/20221502915 on 8/11/20221502915 on 8/22/20221502915 on 9/15/20221502915 on 9/22/20221502915 on 9/22/20221502915 on 9/30/20221502915 on 10/24/20221502915 on 10/24/20221502915 on 10/24/20221502915 on 10/25/20221502915 on 10/31/20221502915 on 11/3/20221502915 on 11/25/20221502915 on 12/20/20221502915 on 12/22/20221502915 on 1/3/20231502915 on 1/3/20231502915 on 1/27/20231502915 on 2/23/20231603288 on 3/20/20231603288 on 3/20/20231603288 on 3/22/20231603288 on 4/12/20231603288 on 4/26/20231603288 on 5/2/20231603288 on 5/3/20231603288 on 5/4/20231603288 on 5/8/20231603288 on 5/19/20231603288 on 5/24/20231603288 on 5/26/20231603288 on 5/31/20231603288 on 6/6/20231603288 on 7/5/20231603288 on 7/28/20231603288 on 8/3/20231603288 on 8/4/20231603288 on 8/9/20231603288 on 8/9/20231603288 on 8/9/20231603288 on 8/9/20231603288 on 8/17/20231603288 on 8/28/20231603288 on 10/11/20231603288 on 10/25/20231603288 on 10/27/20231603288 on 10/27/20231603288 on 11/3/20231603288 on 11/15/20231603288 on 11/21/20231603288 on 12/13/20231603288 on 12/18/20231603288 on 1/2/20241603288 on 1/2/20241603288 on 1/5/20241603288 on 1/5/20241603288 on 1/23/20241603288 on 1/30/20241603288 on 2/21/20241603288 on 2/21/20241603288 on 2/22/20241634352 on 3/22/20241634352 on 3/22/2024