Michael Payne
Michael Payne is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Manasquan, NJ, with 42 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,738,212 clients with $1500B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
The program's fees consist of two parts: the fee you pay to Bank of America for its services, and a fee for the specific investment strategy you choose. The strategy fee, called the Style Manager Expense, generally ranges from 0.00% to 0.50% of your assets annually. Clients investing in strategies managed by related entities will not be charged a Style Manager Expense.
Location
2504 Highway 35, Manasquan, NJ, 08736
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Regulatory History (3)
Customer Dispute
October 2008Customer Dispute
April 2005Customer Dispute
July 2003Other Business Activities
Michael is an advisory board member for the American Red Cross, a charitable organization, since 2018. He dedicates minimal time per month to this role, participating in committees such as fundraising and supporting U.S. Armed Forces and biomedical services.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations42 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.