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Firm profile

Merrill Lynch, Pierce, Fenner & Smith Incorporated

NEW YORK, NYCRD 7691Latest ADV May 29, 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.

Assets Under Management
$1.8T
Employees
32,960
Offices
3,910 offices
Total Clients
1,838,984
Primary office
NEW YORK, NY
ONE BRYANT PARK, NEW YORK, NY, United States
ADV Item 1F location record

Contact and digital presence

ADV profile links

Leadership

3 roles identified
CEOEric A Schimpf
CCOSusan F Axelrod
CFOSara Rathbone Mooney

Advisory services offered

6 types reported
Educational seminars/workshops
Other advisory services
Pension consulting services

Fee models offered

3 types reported
Asset based fees
Commissions
Fixed fees
Sources checked May 13, 2026

Client Coverage Demographics

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 May 29, 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.

Total 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%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.

* 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.