CRD: 7691
Merrill Lynch, Pierce, Fenner & Smith Incorporated
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Request a Free TrialFirm Details
- Custodian
- Broadridge ยท Merrill Lynch
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 12-13-1965
- Office Locations
- 2,856
Office Locations
About Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith Incorporated is a national wealth management and advisory firm serving retail and institutional clients, including entrepreneurs and retirees. Advisers provide financial planning, portfolio construction and asset management, using ETFs, mutual funds, fixed income and alternatives. Operates on the Merrill Lynch/Bank of America platform.
Reported data analysis
What the numbers show
Between December 23, 2025 and August 26, 2026, reported AUM increased 17.9%, from $1.5T to $1.8T.
Across 5 reported observations, AUM increased 38.8% between November 25, 2022 and August 26, 2026, from $1.3T to $1.8T.
Of the latest reported AUM, 24.8% is discretionary and 75.2% is non-discretionary.
The firm reports 25,721 advisory representatives and 1,855,828 clients, or 72.2 clients per representative. That equates to $960.0K in reported AUM per client.
The profile lists 2,856 reported office locations and 60 years in operation. The source data was last updated on August 26, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
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Available data coverage
- Asset Classes
- Client Personas
- CRM
- Custodian
- Investment Themes
- Investment Vehicles
- Services
- Technology
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Owner & Executives
Susan F Axelrod
Chief Compliance Officer
- CRD
- #6949587
- Ownership
- Less than 5%
Nancy MONIR Fahmy
DIRECTOR
- CRD
- #2689751
- Ownership
- Less than 5%
Showing 2 of 8 owners & executives
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SCOTT A'HEARN
Senior Vice President
- CRD
- #5202152
William Scott A'Hearn
Wealth Management Client Associate
- CRD
- #8245789
Showing 2 of 27251 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $441,302,071,156 | $618,786 |
| Non-Discretionary | $1,340,266,100,323 | $527,645 |
| Total | $1,781,568,171,479 | $547,625 |
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Separately Managed Accounts
SMA allocation detail is available
Merrill Lynch, Pierce, Fenner & Smith Incorporated has reported separately managed account data across 9 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.
13F Holdings | Q2 2026
Review the latest reported holdings
Merrill Lynch, Pierce, Fenner & Smith Incorporated's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.
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