Merrill Lynch Pierce Fenner & Smith (New York)

Name: Merrill Lynch Pierce Fenner & Smith
Address: 4 World Financial Center, New York, NY, 10080
Telephone: (212)449-1000

Merrill Lynch Pierce Fenner & Smith is a large advisory firm based in New York. It manages $78.69 billion of regulatory assets for 466,293 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 23 other states.

Merrill Lynch Pierce Fenner & Smith provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and market timing services. It prepares financial plans for approximately 135,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Merrill Lynch Pierce Fenner & Smith: assets under management

The assets under management (AUM) of Merrill Lynch Pierce Fenner & Smith is $78.69 billion. The company doesn't manage any assets belonging to foreign clients.

The firm manages $15.18 billion in discretionary accounts and $63.52 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $101.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $200.62 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Merrill Lynch Pierce Fenner & Smith for their services and products based on a percentage of assets under management, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Merrill Lynch Pierce Fenner & Smith

Thomas Harold Patrick has been acting as President since 1 May 2000. Robert Joseph Albano joined the executive team most recently as the Compliance Director Cicg Global.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Merrill Lynch & Co.	Parent	1 May 1973	75% - 100%	13-2740599
John Laundon Steffens	Chairman of the board, director & chief executive officer	1 Apr 1981	Other	434535
Jerome Paul Kenney	Executive vice president	1 Sep 1984	Other	267982
Winthrop Hiram Jr Smith	Executive vice president	1 May 1992	Other	804957
Arthur Leslie Thomas	Senior vice president/co-chief operations officer	1 Oct 1995	Other	1241780
George Arnold Schieren	Senior vp, general counsel & director	1 Jun 1996	Other	1367304
Thomas W Davis	Executive vice president	1 Jun 1997	Other	2449042
Ernest Stanley Oneal	Executive vice president & director	1 Aug 1999	Other	2232230
Ahmass Labib Fakahany	Senior vp/chief financial officer	1 Sep 1999	Other	3220460
Robert J. Mr. Mooney	Compliance director-international private client	1 Oct 1999	Other	4085030
Charles V. Senatore	Compliance director private client	1 Feb 2000	Other	4091990
Thomas Harold Patrick	Director	1 May 2000	Other	601671
John W Cummings	Senior vice president/co-chief operations officer	1 Sep 2000	Other	2729018
Robert Joseph Albano	Compliance director-cicg global	1 Oct 2000	Other	875912

Based in New York

The principal office where Merrill Lynch Pierce Fenner & Smith performs its advisory services is located at 4 World Financial Center, New York, NY 10080 The mailing address of the firm is 100 Church St., 12 Th Fl., New York, NY 10080 6512. An additional office of the firm is in Jersey City, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212)449-1000 or by fax 212 602-6925. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at www.ml.com.