{"url":"https://nivawealth.com/firms/managed-account-advisors-142558","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/142558","regulatoryAum":994989855169,"crd":"142558","secFileNumber":"801-67569","legalName":"Managed Account Advisors LLC","displayName":"Managed Account Advisors","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"525 Washington BLVD.","city":"Jersey City","state":"NJ","stateName":"New Jersey","country":"United States","postalCode":"07310"},"tradeNames":[],"registration":{"secApproved":"27 February 2007","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":61,"advisory":25,"brokerDealerReps":0,"insuranceAgents":0,"promoters":2},"aum":{"discretionary":994989855169,"discretionaryAccounts":2220463,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":947494445954,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":1040100,"regulatoryAum":249700675211},{"label":"High-net-worth individuals","clients":373481,"regulatoryAum":648988705110},{"label":"Pension and profit-sharing plans","clients":12319,"regulatoryAum":17081841847},{"label":"Charitable organizations","clients":4927,"regulatoryAum":26252632177},{"label":"Insurance companies","clients":139,"regulatoryAum":824739555},{"label":"Corporations and other businesses","clients":15280,"regulatoryAum":51705741963},{"label":"Other","clients":12,"regulatoryAum":435519306}],"fees":[],"feeNotes":[],"custodians":[{"name":"Merrill Lynch, Pierce, Fenner & Smith Incorporated","shortName":"Merrill Lynch, Pierce, Fenner & Smith","location":"New York, NY","smaAssets":945522501067}],"custodyNote":"Managed Account Advisors has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Matthew Ball","title":"Vice President and Chief Operating Officer","crd":"4441816"},{"name":"John Capelli","title":"President and Director","crd":"2203083"},{"name":"Timothy Ryan","title":"Chief Financial Officer","crd":"1284595"},{"name":"Carlos Torres","title":"Chief Compliance Officer","crd":"2155320"},{"name":"Nancy Monir Fahmy","title":"Director","crd":"2689751"},{"name":"Antony Ghee","title":"Director","crd":"5750791"},{"name":"Mark Granshaw","title":"Director","crd":"5019319"},{"name":"Julie Lyman","title":"Chief Legal Officer","crd":"2384759"},{"name":"Kurt Mancini","title":"Director","crd":"5654071"},{"name":"Michael Pelzar","title":"Director","crd":"4667498"}],"ownership":[{"label":"Merrill Lynch, Pierce, Fenner & Smith Incorporated","detail":"Sole member in the 75% or more ownership band and a control person, since September 2019."},{"label":"Bank of America Corporation","detail":"Indirect owner: a sole shareholder of NB Holdings Corporation in the 75% or more band and a control person, since October 1998.","parent":"NB Holdings Corporation"},{"label":"NB Holdings Corporation","detail":"Indirect owner: a sole shareholder of Bac North America Holding Company in the 75% or more band and a control person, since October 2007.","parent":"Bac North America Holding Company"},{"label":"Bac North America Holding Company","detail":"Indirect owner: a sole shareholder of Merrill Lynch, Pierce, Fenner & Smith Incorporated in the 75% or more band and a control person, since January 2015.","parent":"Merrill Lynch, Pierce, Fenner & Smith Incorporated"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"New Jersey","offices":1,"addresses":[{"street":"525 Washington BLVD.","city":"Jersey City","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"201-557-0504","stateRegisteredReps":25,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":39},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":7},{"label":"Investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":13},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":31},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"18 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/142558/PDF/142558.pdf","brochureDate":"18 September 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058317","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Managed Account Advisors have?","answer":"Managed Account Advisors has 1,446,258 clients and manages $995 billion for them, as of September 2026. They include 1,040,100 other individuals, 373,481 high-net-worth individuals and 15,280 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 18 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Managed Account Advisors offer?","answer":"Managed Account Advisors provides portfolio management for individuals and small businesses, portfolio management for institutions and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Managed Account Advisors use?","answer":"Managed Account Advisors’ separately managed account assets are held at Merrill Lynch, Pierce, Fenner & Smith Incorporated (New York, NY), with $945,522,501,067. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Managed Account Advisors have?","answer":"Managed Account Advisors has 25 investment adviser representatives registered with state securities authorities, out of 61 employees, and 25 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Managed Account Advisors invest in?","answer":"At the end of its last fiscal year, Managed Account Advisors’ separately managed accounts held 39% exchange-traded equities, 31% pooled vehicles (private funds and similar), 13% registered funds (mutual funds, ETFs, BDCs), 7% state and local bonds, 3% U.S. government and agency bonds, 3% investment grade corporate bonds, 3% cash and equivalents and 1% non-exchange-traded equities. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Managed Account Advisors?","answer":"Managed Account Advisors is owned through a chain of holding companies by Bank of America Corporation. Its direct owner is Merrill Lynch, Pierce, Fenner & Smith Incorporated (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 18 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Managed Account Advisors get paid?","answer":"Managed Account Advisors is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}