CRD: 7691
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$1781.6B Total AUM
$441.3B Disc. AUM
9.6% 3Y CAGR
32,960 Employees
1,855,828 ADV. Clients
60 yrs Firm Age
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Request a Free TrialFirm Details
- Custodian
- Broadridge ยท Merrill Lynch
- Clients
- Retail and Institutional
- Platforms
- Meridian focus
- Established Date
- 12-13-1965
- Office Locations
- 2,883
Office Locations
1 City CTR Portland ME
1 Clifton Country RD Clifton Park NY
1 Cowboys WAY Frisco TX
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.
Team overview
49 AVG AGE
$69.3M AVG AUM / ADVISOR
$960.0K AVG AUM / CLIENT
11.5 yrs AVG TENURE
32,960 Employees
25,721 Advisory Reps
25,721 RIA Reps
60yrs Firm Age
Insights
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Asset Classes
Optima Crest Optima insight Focus signal Unison insight Momentum Pathway oak Vector
Client Personas
Fusion bridge Element eagle
CRM
Momentum
Custodian
Bridge Summit
Investment Themes
Unison Pioneer Vertex Crest pathway Ember Beacon
Investment Vehicles
Element signal Oak
Services
Frontier Crest oak Bridge Signal peak Horizon Zenith catalyst Peak bridge
Technology
Delta zenith
Owner & Executives
Susan F Axelrod
Chief Compliance Officer
- CRD
- #6949587
- Ownership
- Less than 5%
(477) 666-9247
wave.harbor@beaconcapital.com
in linkedin.com/in/signal-foundation
Nancy MONIR Fahmy
DIRECTOR
- CRD
- #2689751
- Ownership
- Less than 5%
(406) 409-3122
oak.frontier@zenithcapital.com
in linkedin.com/in/ridge-foundation
P
Peak summit
Optima pioneer
- CRD
- #92737
- Ownership
- 24.6%
(708) 933-9081
beacon.wave@quantumcapital.com
in linkedin.com/in/legacy-capital
Showing 2 of 9 owners & executives
Unlock allContacts
SCOTT A'HEARN
Senior Vice President
- CRD
- #5202152
(902) 232-7621
summit.vertex@summitcapital.com
in linkedin.com/in/value-glacier
William Scott A'Hearn
Wealth Management Client Associate
- CRD
- #8245789
(241) 861-6525
meridian.peak@wavecapital.com
in linkedin.com/in/legacy-bridge
O
Optima prime
Capital ember
- CRD
- #32497
(299) 505-2616
quantum.element@pathwaycapital.com
in linkedin.com/in/element-peak
Showing 2 of 27177 contacts
Unlock allAssets Under Management
Total AUM
Discretionary
Non-Discretionary
| 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
Total SMA Asset: $1,781,568,171,479
Equity - Exchange:
8.5% Private Funds:
4.0% Public Funds:
5.9% Municipal Bonds:
16.8% Cash:
17.3% U.S. Government/Agency:
15.4% Corporate - Investment Grade:
16.3% Other:
15.8% | Asset class | Assets | Assets % |
|---|---|---|
| Equity - Exchange | $567,181,345 | 8.5% |
| Private Funds | $266,908,868 | 4.0% |
| Public Funds | $393,690,581 | 5.9% |
| Municipal Bonds | $1,121,017,247 | 16.8% |
| Cash | $1,154,380,855 | 17.3% |
| U.S. Government/Agency | $1,027,599,143 | 15.4% |
| Corporate - Investment Grade | $1,087,653,638 | 16.3% |
| Other | $1,054,290,031 | 15.8% |
| Total | $6,672,721,708 | 100.0% |
13F Holdings | Q4 2025
| Issuer | Class | Cusip | Ticker | % | Value |
|---|---|---|---|---|---|
| EMBER ATLAS SIGNAL | VITAL PATHWAY | FBH4S2VCF | QQSRD | 4.77% | $51,234,023 |
| BEACON EAGLE | OPTIMA BRIDGE | IQM6DOPZJ | SMZB | 9.66% | $59,015,768 |
| BEACON UNISON VECTOR | PRIME CAPITAL | G5OYAQG83 | BJYG | 1.12% | $14,811,908 |
| OPTIMA MOMENTUM | OAK TIMBER | BZIQ4SBFI | ORN | 8.35% | $116,897,412 |
| NORTH FOUNDATION | CATALYST EMBER | S4M236NCV | NLJWA | 3.56% | $47,403,673 |
| BEACON NORTH RADIAL | PATHWAY ATLAS | 4NK3USNEA | RZY | 2.57% | $71,881,182 |
| LEGACY HORIZON | QUANTUM MATRIX | GRZQY5NPQ | KBVMJ | 4.93% | $53,684,425 |
| NORTH OPTIMA | BEACON FRONTIER | HU7S87EUQ | DFJF | 9.60% | $11,141,980 |