Broker-dealer firm · Springfield, MA
MML Investors Services, LLC
SEC-registered investment adviser · CRD 10409 · SEC 801-44264
At a glance
MML Investors Services, LLC is an SEC-registered investment adviser based in Springfield, Massachusetts, with $115.6 billion in regulatory assets under management as of its Form ADV filed September 3, 2026. Its largest client group by assets is individuals, and it reports 448,837 individual clients. By Form ADV it is a broker-dealer firm, ranked 20th of 391 broker-dealer firms and 234th of 17,210 SEC-registered advisers by assets.
Main office 413-226-0000mmlinvestors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $116B
- Rank among broker-dealer firms
- #20 of 391
- Rank among all SEC RIAs
- #234 of 17,210
- Rank in Massachusetts
- #23 of 627
- Individual clients
- 448,837
- High-net-worth clients
- 885
- Accounts
- 454,857
- Discretionary
- 61% of AUM
- Employees
- 6,976
- Advisory staff
- 4,961
- Offices
- 1,094
Owners and executives on its Form ADV
- John Arthur VaccaroChairman Emeritus
- Thomas K BauerChief Technology Officer
- David Myers MinkVice President and Chief Operations Officer
- Mary Bea WilkinsonVice President
- Geoffrey CraddockDirector
- Courtney McKenzie Rogers ReidChief Compliance Officer
- Edward Karl Duch IIIChief Legal Officer, Secretary and Vice President
- Frank Joseph RispoliChief Financial Officer and Treasurer
- Vaughn Charles BowmanChief Executive Officer, President and Chairman of the Board
- Paul Anthony LapianaDirector
- Joseph Patrick III MalleeDirector
- George Ashley IV RandallField Risk Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
MML Investors Services, LLC is a hybrid RIA: 6,976 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Flourish Financial LLC, MML Distributors, LLC and MML Strategic Distributors, LLC.
- Flourish Financial LLC ↗CRD 293019
- MML Distributors, LLC ↗CRD 38030
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- MML Strategic Distributors, LLC ↗CRD 168638
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed July 2026) names MML Investors Services as the broker-dealer its advisers are registered with.
Broker Dealers, Other Investment Advisers and Investment Companies MMLIS’s management persons, including its directors and executive officers, are RRs and/or associated persons of MMLIS.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 447,952 | $106B | 91% |
| High-net-worth individuals | 885 | $6.2B | 5% |
| Corporations or other businesses | 1,873 | $1.9B | 2% |
| Pension and profit sharing plans | 3,379 | $1.4B | 1% |
| Charitable organizations | 733 | $307M | <1% |
| Banking or thrift institutions | 12 | $92M | <1% |
| Investment companies | 1 | $0M | <1% |
| Other | 1 | $0M | 0% |
Disciplinary disclosures
MML Investors Services, LLC answers yes to 78 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗mmlinvestors.com ↗
AtlasMembers
The full record on MML Investors Services, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 39 peers of its type and size
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- Owners and executives, with titles and stakes
- 13 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does MML Investors Services, LLC manage?
MML Investors Services, LLC reports $115.6 billion in regulatory assets under management across 454,857 accounts, 61% of it on a discretionary basis, on its Form ADV filed September 3, 2026.
What kind of firm is MML Investors Services, LLC?
MML Investors Services, LLC is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser. It reports a bank or thrift among its related persons.
Who are MML Investors Services, LLC’s clients?
By assets, its largest client types are individuals ($105.8 billion, 447,952 clients); high-net-worth individuals ($6.2 billion, 885 clients); corporations or other businesses ($1.9 billion, 1,873 clients).
Does MML Investors Services, LLC have any disciplinary history?
MML Investors Services, LLC answers yes to 78 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is MML Investors Services, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →