MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Latest filing: Jul 28, 2025 (91 days ago)
AUM
$1,511,090,925,436
19% change vs. 1 year ago
18% change vs. 3 years ago
57% change vs. 5 years ago
169% change vs. 10 years ago
Employee Count
33,689
-4% change vs. 1 year ago
-3% change vs. 3 years ago
-7% change vs. 5 years ago
-11% change vs. 10 years ago
Main Office
NEW YORK, NY
ONE BRYANT PARK, NEW YORK, NY, UNITED STATES, 10036
Client AUM
| Discretion | AUM |
|---|---|
| Discretionary | $388.4 |
| Non-Discretionary | $1,122.7 |
| Total | $1,511.1 |
| Client | AUM |
|---|---|
| Retail | $1,306.2 |
| Pooled | $0.0 |
| Institutional | $204.9 |
| Total | $1,511.1 |
| Retail | Accounts | AUM |
|---|---|---|
| Individual | 1,228,655 | $293.7 |
| Average Individual AUM | $239,028 | |
| HNW | 464,590 | $1,012.6 |
| Average HNW AUM | $2,179,465 | |
| Retail Total | 1,693,245 | $1,306.2 |
| Average Retail AUM | $771,442 |
ADVDB.CO • AUM IN BILLIONS, AVERAGES IN DOLLARS • SOURCE: SEC FORM ADV
SMA Custodians
| Custodian | Location | AUM |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | NEW YORK-NY-USA | $1,259.0 |
ADVDB.CO • SMA AUM IN BILLIONS • SMA INCLUDES RETAIL AND INSTITUTIONAL • SOURCE: SEC FORM ADV
Separately Managed Assets
| Breakdown | AUM |
|---|---|
| Total SMA AUM | $1,511.1 |
| Retail SMA AUM | $1,306.2 |
| Institutional SMA AUM | $204.9 |
| Asset Class | % | AUM |
|---|---|---|
| Equity Exch | 37% | $559.1 |
| Equity Non-Exch | 1% | $15.1 |
| Govt Agency | 4% | $60.4 |
| Municipal | 6% | $90.7 |
| Sovereign | 0% | $0.0 |
| IG Credit | 2% | $30.2 |
| HY Credit | 1% | $15.1 |
| Derivatives | 0% | $0.0 |
| Investment Companies | 16% | $241.8 |
| Other Pools | 29% | $438.2 |
| Cash | 4% | $60.4 |
| Other | 0% | $0.0 |
| Total | 100% | $1,511.1 |
ADVDB.CO • AUM IN BILLIONS • POSSIBLE ROUNDING ERRORS, BUT SOME ADVISERS REPORT SUMS ≠ 100% • SOURCE: SEC FORM ADV
Affiliates
| Affiliates | AUM | Business Types | CRD Number |
|---|---|---|---|
| MANAGED ACCOUNT ADVISORS LLC | $829.7 | 142558 | |
| BANK OF AMERICA EUROPE DESIGNATED ACTIVITY COMPANY | $0.0 | - | |
| MERRILL LYNCH SECURITIES (THAILAND) LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH FAR EAST LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH MARKETS (AUSTRALIA) PTY. LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH (AUSTRALIA) FUTURES LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH, KINGDOM OF SAUDI ARABIA COMPANY | $0.0 | broker-dealer | - |
| MERRILL LYNCH LIFE AGENCY INC. (WASHINGTON) | $0.0 | - | |
| MERRILL LYNCH CANADA INC. | $0.0 | broker-dealer | - |
| MERRILL LYNCH LIFE AGENCY INC. (VIRGIN ISLANDS) | $0.0 | - | |
| BANK OF AMERICA YATIRIM BANK A.S. | $0.0 | broker-dealer | - |
| MERRILL LYNCH MEXICO, S.A. DE C.V., CASA DE BOLSA | $0.0 | broker-dealer | - |
| MERRILL LYNCH S.A. CORRETORA DE TITUTOS E VALORES MOBILIARIOS | $0.0 | broker-dealer | - |
| MERRILL LYNCH (ASIA PACIFIC) LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH LIFE AGENCY INC. (PUERTO RICO) | $0.0 | - | |
| BANK OF AMERICA MERRILL LYNCH BANCO MULTIPLO S.A. | $0.0 | - | |
| MERRILL LYNCH CORREDORES DE BOLSA, SPA | $0.0 | broker-dealer | - |
| PT MERRILL LYNCH SEKURITAS INDONESIA | $0.0 | broker-dealer | - |
| MERRILL LYNCH INTERNATIONAL | $0.0 | broker-dealer | - |
| MERRILL LYNCH (SINGAPORE) PTE LTD. | $0.0 | broker-dealer | - |
| MERRILL LYNCH EQUITIES (AUSTRALIA) LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH SOUTH AFRICA (PROPRIETARY) LIMITED | $0.0 | broker-dealer | - |
| BOFA SECURITIES EUROPE SA | $0.0 | broker-dealer | - |
| BANK OF AMERICA MALAYSIA BERHAD | $0.0 | - | |
| BOFA SECURITIES JAPAN CO., LTD. | $0.0 | broker-dealer | - |
| MERRILL LYNCH INTERNATIONAL, LLC-SEOUL BRANCH | $0.0 | broker-dealer | - |
| MERRILL LYNCH ARGENTINA S.A. | $0.0 | broker-dealer | - |
| MERRILL LYNCH SECURITIES (TAIWAN) LTD. | $0.0 | - | |
| U.S. TRUST COMPANY OF DELAWARE | $0.0 | trust company | - |
| BOFA SECURITIES INDIA LIMITED | $0.0 | broker-dealer | - |
| BANK OF AMERICA SINGAPORE LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH BANK AND TRUST COMPANY (CAYMAN) LIMITED | $0.0 | broker-dealer, trust company | - |
| BOFA SECURITIES, INC. | $0.0 | broker-dealer | 283942 |
| BANK OF AMERICA CALIFORNIA, NATIONAL ASSOCIATION | $0.0 | - | |
| BANK OF AMERICA, NATIONAL ASSOCIATION | $0.0 | broker-dealer | - |
| BANC OF AMERICA SECURITIES ASIA LIMITED | $0.0 | broker-dealer | - |
| MERRILL LYNCH LIFE AGENCY INC. (MONTANA) | $0.0 | - | |
| BOFA SECURITIES PRIME, INC. | $0.0 | broker-dealer | 316331 |
| BANK OF AMERICA MEXICO, S.A., INSTITUCION DE BANCA MULTIPLE | $0.0 | - |
ADVDB.CO • AUM IN BILLIONS • SOURCE: SEC FORM ADV
Control Persons
12 active
| Name | Title |
|---|---|
| GUARDINO, JOSEPH ANTHONY JR | CHIEF OPERATIONS OFFICER & FINOP |
| HANS, LINDSAY DENARDO | STATE DESIGNATED PRINCIPAL & DIRECTOR |
| LEVINE, ARON DANIEL | DIRECTOR |
| SABBIA, LORNA ROSE | DIRECTOR |
| HEATON, DAVID CARLETON JR | CHIEF LEGAL OFFICER |
| ALAM, SYED FARUQE | CHIEF FINANCIAL OFFICER |
| SCHIMPF, ERIC A | DIRECTOR & CHIEF EXECUTIVE OFFICER, STATE DESIGNATED PRINCIPAL |
| KARAM, MICHAEL RICHARD | CHIEF COMPLIANCE OFFICER |
| FAHMY, NANCY MONIR | DIRECTOR |
ADVDB.CO • SOURCE: SEC
Representatives
25,629 active representatives found, showing 20 random
| Name | City | State | Exams | Designations | |||||
|---|---|---|---|---|---|---|---|---|---|
| JEANNIE DARWIN | NEW YORK | NY | S66|1999-05-28 | ||||||
| BRIAN FIELDS | NEW YORK | NY | S66|2002-03-18|S65|2023-07-17 | ||||||
| MICHAEL BARRAGAN | NEW YORK | NY | S66|2013-02-26 | ||||||
| LANCE LOHR | NEW YORK | NY | S63|1996-10-18|S65|1996-11-01 | ||||||
| JOHN VACHERON | NEW YORK | NY | S66|2019-10-03 | ||||||
| KARL ANGUS | NEW YORK | NY | S66|2009-10-08 | ||||||
| DYLAN GRABER | NEW YORK | NY | S66|2023-02-24 | ||||||
| ROBERT BODMER | NEW YORK | NY | S66|2000-05-12 | ||||||
| DAVID NIEHAUS | NEW YORK | NY | S63|1997-08-11|S65|1999-06-29 | ||||||
| TYLER LAWRENCE | NEW YORK | NY | S66|2018-02-23 | ||||||
| DEITMAR DAINS | NEW YORK | NY | S66|2013-02-04 | ||||||
| CRAIG YOUNG | NEW YORK | NY | S63|1989-08-24|S65|1993-08-26 | ||||||
| JADEN GALLARDO | NEW YORK | NY | S66|2024-05-23 | ||||||
| MARWAN BENCHAABOUNE | NEW YORK | NY | S66|2023-12-12 | ||||||
| ADAM OURS | NEW YORK | NY | S63|2005-04-01|S66|2007-04-26 | ||||||
| RONALD STALLWORTH | NEW YORK | NY | S66|2000-11-06 | ||||||
| CAMREN DUNCAN | NEW YORK | NY | S66|2020-06-19 | ||||||
| MATTHEW BARR | NEW YORK | NY | S66|2009-09-10 | ||||||
| MICHAEL PADILLA | NEW YORK | NY | S66|2012-11-21 | ||||||
| RICHARD ZHU | NEW YORK | NY | S63|2010-05-17|S65|2019-04-20 | ||||||
ADVDB.CO • SOURCE: SEC
History
| Date | AUM | AUM ∆ | AUM % ∆ | Empl | Empl ∆ | Empl % ∆ |
|---|---|---|---|---|---|---|
| 2025-08-01 | $1,511.1 | $0.0 | 0% | 33,689 | 0 | 0% |
| 2025-04-21 | $1,511.1 | $0.0 | 0% | 33,689 | 0 | 0% |
| 2024-04-02 | $1,271.6 | $239.5 | 19% | 34,934 | -1,245 | -4% |
| 2023-04-04 | $1,093.7 | $417.4 | 38% | 36,687 | -2,998 | -8% |
| 2022-04-01 | $1,283.8 | $227.3 | 18% | 34,906 | -1,217 | -3% |
| 2021-04-05 | $1,084.5 | $426.5 | 39% | 36,025 | -2,336 | -6% |
| 2020-04-01 | $962.1 | $549.0 | 57% | 36,383 | -2,694 | -7% |
| 2019-04-01 | $797.3 | $713.8 | 90% | 41,217 | -7,528 | -18% |
| 2018-04-02 | $819.8 | $691.3 | 84% | 40,146 | -6,457 | -16% |
| 2017-04-01 | $639.6 | $871.5 | 136% | 39,343 | -5,654 | -14% |
| 2016-04-01 | $575.3 | $935.7 | 163% | 39,631 | -5,942 | -15% |
| 2015-04-01 | $560.7 | $950.4 | 169% | 37,900 | -4,211 | -11% |
| 2014-04-01 | $485.5 | $1,025.6 | 211% | 37,900 | -4,211 | -11% |
| 2013-04-01 | $321.4 | $1,189.7 | 370% | 40,600 | -6,911 | -17% |
ADVDB.CO • AUM IN BILLIONS • SOURCE: SEC FORM ADV
Other
| STATE REGISTRATIONS |
| NY, AK-06/09/1993, AL-12/18/2000, AR-01/17/1989, CA-07/08/1997, CO-01/01/1999, CT-08/19/1997, DC-11/27/1993, DE-08/28/2003, FL-08/30/1982, GA-01/04/2001, HI-06/01/1989, IA-01/01/1999, ID-07/15/1991, IL-04/12/1991, IN-11/08/2000, KS-12/30/1997, KY-04/12/2001, LA-10/11/2001, MD-11/14/1990, ME-01/04/2001, MI-01/04/2001, MN-01/05/1999, MO-04/12/2001, MS-04/24/2001, MT-12/26/1997, NC-10/23/2000, ND-01/04/2001, NE-01/26/1998, NH-01/04/2001, NJ-08/25/1995, NM-11/24/1987, NV-11/21/1990, NY-01/04/2001, OH-05/27/1999, OK-01/01/1998, PA-06/15/2010, RI-01/01/1993, SC-11/05/1992, SD-10/12/1980, TN-10/29/2001, TX-01/01/1956, UT-04/09/1993, VA-08/20/1997, VI-04/25/2005, VT-01/04/2001, WA-01/01/1990, WI-02/02/1995, WV-01/26/1998, WY-07/17/2017 |
| ADVISER ACTIVITIES |
|
PORTFOLIO MANAGEMENT PORTFOLIO MANAGEMENT (SMB) PENSION CONSULTING MANAGER SELECTION EDUCATIONAL WORKSHOPS |
| OTHER ACTIVITIES |
|
BROKER DEALER INSURANCE AGENT |
ADVDB.CO • SOURCE: SEC FORM ADV