Firms by custodian
Registered investment advisers that custody at Merrill Lynch, Pierce, Fenner & Smith
10 SEC-registered advisers report Merrill Lynch, Pierce, Fenner & Smith as a custodian holding 10% or more of separately managed account assets in Form ADV Schedule D, Section 5.K.(3). Listed by regulatory assets under management.
10 firms listed
| Firm | Headquarters | Regulatory AUM | Advisory staff | Clients |
|---|---|---|---|---|
| Merrill Lynch, Pierce, Fenner & SmithCRD 7691 | New York, NY | $1781.57B | 25,721 | 1,838,984 |
| Managed Account AdvisorsCRD 142558 | Jersey City, NJ | $994.99B | 25 | 1,446,258 |
| Nuveen Asset ManagementCRD 155584 | Chicago, IL | $280.48B | 296 | 65,258 |
| Franklin Templeton Private Portfolio GroupCRD 142219 | New York, NY | $139.88B | 2 | 179,738 |
| New York Life Investment ManagementCRD 109591 | New York, NY | $120.70B | 18 | 933 |
| Putnam Investment ManagementCRD 106629 | Boston, MA | $117.24B | 72 | 16,428 |
| GW&K Investment ManagementCRD 121942 | Boston, MA | $52.78B | 63 | 48,710 |
| Blackstone Tactical Opportunities AdvisorsCRD 160157 | New York, NY | $40.36B | 78 | 103 |
| Trian Fund ManagementCRD 154172 | New York, NY | $10.39B | 14 | 29 |
| Sprott Asset Management USACRD 139022 | Darien, CT | $10.12B | 35 | 3,362 |
Merrill Lynch, Pierce, Fenner & SmithCRD 7691$1781.57B
- Headquarters
- New York, NY
- Advisory staff
- 25,721
- Clients
- 1,838,984
Managed Account AdvisorsCRD 142558$994.99B
- Headquarters
- Jersey City, NJ
- Advisory staff
- 25
- Clients
- 1,446,258
Nuveen Asset ManagementCRD 155584$280.48B
- Headquarters
- Chicago, IL
- Advisory staff
- 296
- Clients
- 65,258
Franklin Templeton Private Portfolio GroupCRD 142219$139.88B
- Headquarters
- New York, NY
- Advisory staff
- 2
- Clients
- 179,738
New York Life Investment ManagementCRD 109591$120.70B
- Headquarters
- New York, NY
- Advisory staff
- 18
- Clients
- 933
Putnam Investment ManagementCRD 106629$117.24B
- Headquarters
- Boston, MA
- Advisory staff
- 72
- Clients
- 16,428
GW&K Investment ManagementCRD 121942$52.78B
- Headquarters
- Boston, MA
- Advisory staff
- 63
- Clients
- 48,710
Blackstone Tactical Opportunities AdvisorsCRD 160157$40.36B
- Headquarters
- New York, NY
- Advisory staff
- 78
- Clients
- 103
Trian Fund ManagementCRD 154172$10.39B
- Headquarters
- New York, NY
- Advisory staff
- 14
- Clients
- 29
Sprott Asset Management USACRD 139022$10.12B
- Headquarters
- Darien, CT
- Advisory staff
- 35
- Clients
- 3,362
Figures are from each firm's most recent Form ADV and are dated on its profile. Listing here is a matter of public record, not a recommendation.
About this list
A custodian holds client accounts; the adviser directs them but does not take possession of the money. Form ADV Schedule D, Section 5.K.(3) requires an adviser to name every custodian holding 10% or more of its separately managed account assets, which is where this list comes from.
A firm may use several custodians, so it can appear on more than one of these lists, and smaller custodial relationships below the 10% threshold are not reported at all. Naming Merrill Lynch, Pierce, Fenner & Smith here says only what the filing says, and implies nothing about either firm's service.