Russell Demarest
Russell Demarest is a registered investment advisor at MML Investors Services, LLC, based in Kennebunk, ME, with 43 years of industry experience. Russell operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Retirement Planning. Their firm serves 392,809 clients with $90B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
MML Investors Services manages investment menus for retirement plans and offers a managed account service for participants.
For the overall plan, MMLIS selects and monitors investment options. For participants using the managed account service, fees are charged quarterly, up to a maximum of 0.60% per year of the account value. MMLIS receives 0.10% of this fee, with the remainder going to Morningstar and the recordkeeper. The exact fees vary by recordkeeper and whether the service is a Qualified Default Investment Alternative.
Location
Kennebunk, ME
Get directionsHistory
Regulatory History (2)
Customer Dispute
September 2023Customer Dispute
March 2009Other Business ActivitiesSells Insurance
Russell is involved in outside insurance, specifically individual life and group LTD, dedicating minimal time. He is also a general partner in Amherst Street Expense Sharing Group and a trustee on the investment committee for The Congregational Church of Amherst, NH UCC, each requiring minimal time.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Msi Financial Services, INC.Broker
Msi Financial Services, INC.
Baystate Wealth Management
New England Securities Corporation
Parks - Tuttle Financial Services, INC.
Parks - Tuttle Financial Services, INC.
New England SecuritiesBroker
Penn Mutual Equity Services, INC.Broker
First Investors CorporationBroker
State Registrations24 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.