Douglas Licari
Douglas Licari is a CFP-designated registered investment advisor at MML Investors Services, LLC, based in East Hills, NY, with 43 years of industry experience. Douglas 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
2200 Northern Blvd, Suite 200, East Hills, NY, 11548
Get directionsHistory
Regulatory History (6)
Customer Dispute
June 2025Customer Dispute
May 2009Customer Dispute
June 2004Customer Dispute
June 2002Employment Separation After Allegations
February 1997Customer Dispute
December 1995Other Business ActivitiesSells Insurance
Douglas is a sales representative for a non-MMLIA insurance brokerage, selling life, property & casualty, health, and group life & health insurance, dedicating a few hours per week. He is also a notary public, spending minimal time on this activity.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Msi Financial Services, INC.Broker
Metropolitan Life Insurance CompanyBroker
Mony Securities CorporationBroker
Pruco Securities CorporationBroker
State Registrations16 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.