Mml Investors Services, LLC (Springfield)

Name: Mml Investors Services, LLC
Address: 1295 State Street, Springfield, MA, 01111 0001
Telephone: (413)737-8400

Mml Investors Services, LLC is a large advisory firm based in Springfield. It manages $30.09 billion of regulatory assets for 185,684 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.

Mml Investors Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and asset allocation programs. It prepares financial plans for approximately 8,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mml Investors Services: assets under management

The assets under management (AUM) of Mml Investors Services, LLC is $30.09 billion. The firm's AUM has grown by 2861% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $14.52 billion in discretionary accounts and $15.57 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $261.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $119.63 thousand.

Mml Investors Services has custody of $21.97 billion in cash and securities for 174,620 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mml Investors Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Thomas Rollings serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Michael Thomas Rollings is individuals with 182,829 clients and $28.42 billion of assets under management. Among the 7 most similar advisory firms, Mml Investors Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $30.08 billion for 185,675 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Mml Investors Services doesn't advise any private funds.

Careers at Mml Investors Services, LLC

The company employs 7,805 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 4,363 employees are registered as investment adviser representatives with the state securities authorities.

There are 93 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Michael Thomas Rollings has been acting as President since 1 Dec 2006. Geoffrey Craddock joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Martin Rickson	Field risk officer and director	1 Nov 2003	Other	1051461
Massmutual Holding Llc	Member	1 Jul 2004	75% - 100%	04-2854319
Robert Steven Rosenthal	Chief legal officer; vice president, assoc. gen. counsel & secretary	1 Dec 2006	Other	2590788
Michael Thomas Rollings	Director	1 Dec 2006	Other	1592402
Elaine Ann Sarsynski	Director	1 Dec 2006	Other	1914019
Melissa Millan	Director	1 Apr 2007	Other	xxx-xx-xxxx
Gregory Deavens	Director	1 Apr 2007	Other	xxx-xx-xxxx
Michael Lee Kerley	Chief compliance officer	1 Jan 2008	Other	1329901
Michael Robert Fanning	Chairman of the board and chief executive officer	1 Dec 2008	Other	1620072
John Arthur Vaccaro	President, director, agency field force supvr.	1 Dec 2008	Other	2264004
William Hugh Jr. Mccauley	Chief financial officer, treasurer and assistant vice president	1 Sep 2009	Other	5267440
Mark Joseph Viviano	Co-chief operations officer and assistant vice president	1 Oct 2009	Other	4135838
William Francis Jr Monroe	Vice president, chief operating officer and registered options principal	1 Oct 2009	Other	1175808
Mark Anthony Larose	Co-chief operations officer, assistant vice president and registration manager	1 Oct 2009	Other	4244126
Christine Spencer Frederick	Chief compliance officer	1 Jul 2011	Other	2641636
Elizabeth Ward Chicares	Director	1 Aug 2011	Other	2194754
Kenneth Martin Rickson	Field risk officer	1 Feb 2012	Other	1051461
William Francis Jr Monroe	Vp, chief operating officer, cfo, treasurer and registered options principal	1 Apr 2012	Other	1175808
William Francis Jr Monroe	Vp, chief operating officer, and registered options principal	1 Jul 2012	Other	1175808
Mark Anthony Larose	Co-chief operations officer, assistant vice president	1 Jul 2012	Other	4244126
Nathan L. Hall	Treasurer, chief financial officer and assistant vice president	1 Jul 2012	Other	6072737
Nathan L Hall	Chief financial officer and treasurer	1 Jul 2012	Other	6072737
Michael Robert Fanning	Director	1 May 2016	Other	1620072
John Arthur Vaccaro	Ceo, chairman of the board, agency field force supvr.	1 May 2016	Other	2264004
Wendy Ann Benson	President and director	1 May 2016	Other	2140720
Mark Bradley Kaye	Director	1 Jul 2016	Other	4205876
John Arthur Vaccaro	Ceo, chairman of the board	1 Dec 2016	Other	2264004
Paul A Lapiana	Vice president and agency field force supervisor	1 Dec 2016	Other	2237245
Thomas K Bauer	Chief technology officer	1 Mar 2017	Other	4759472
David Michael Holtzer	Field risk officer	1 Mar 2017	Other	4345697
David Myers Mink	Vice president	1 Mar 2017	Other	2606831
Mary Bea Wilkinson	Vice president	1 Mar 2017	Other	2159909
Kenneth Martin Rickson	Vice president	1 Mar 2017	Other	1051461
Geoffrey Craddock	Director	1 Nov 2017	Other	1444771

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Massachusetts Mutual Life Insurance Company	Parent company	1 Jul 2004	75% - 100%	04-1590850

Based in Springfield

The principal office where Mml Investors Services, LLC performs its advisory services is located at 1295 State Street, Springfield, MA 01111 0001, which is also the mailing address of the firm. An additional office of the firm is in Hauppauge, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (413)737-8400 or by fax (413)744-1295. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mmlinvestors.com.