MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
NEW YORK, NYCRD 7691Latest ADV April 22, 2026
Merrill Lynch, Pierce, Fenner & Smith Incorporated is an SEC registered investment adviser organized as a corporation with a primary office location in New York, NY. Its latest Form ADV filing, dated April 22, 2026, reports $1.8T in regulatory assets under management, 32,960 employees, 3,910 offices, and 3,253,265 accounts.
Top client segmentIndividuals represent 69.1% of total clients.
Top client categories% of clientsClients
1
Individuals
69.1%
1,269,968
2
HNWI
28.4%
521,763
3
Corporations
1.2%
22,807
4
Pension Plans
0.9%
17,422
5
Charitable
0.4%
6,759
Additional categories (<0.1%)
Insurance Cos.246 clients
TRIBAL NATIONS19 clients
Regulatory Assets Under Management Breakdown
Total regulatory assets under management$1.8Tas of April 22, 2026
Discretionary24.8%
$441.3B
25% of total RAUM24.8%
Non-discretionary75.2%
$1.3T
75% of total RAUM75.2%
Regulatory assets under management are split between discretionary and non-discretionary assets.
Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Latest AUM$1.8T
Total Accounts3,253,265
10Y AUM Change+$1.1T (+178.6%)
Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees32,960
Clients per Employee56:1
10Y Employee Change-6,383 (-16.2%)
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.