Merrill Lynch Pierce Fenner & Smith (New York)


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. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. 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.