KA
KA

Kenneth Albers

42 Years of Experience
Houston, TX
3 DisclosuresBroker

Kenneth Albers is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Houston, TX, 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
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
25581 advisors
Number of Clients
1,738,212 clients
Average Client Portfolio
$869K average
Assets Under Management
$1511.1B

Fee Structure

Investment management only (planning not offered)

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.

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Location

2800 Post Oak Blvd, Houston, TX, 77056

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History

Regulatory History (3)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
April 2016
Settled
Customer Dispute
June 2005
Denied
Customer Dispute
June 2000
Settled
Other Business Activities

Kenneth owns AlbersInvestmentArms as a sole proprietorship since 2017, where he collects US coins and Texas currency as a hobby. This activity takes a few hours per week and is not investment-related.

Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
April 1991 - Present · 35 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
April 1991 - Present · 35 yrs 1 mo
Previous Registrations
Prudential Securities IncorporatedBroker
April 1988 - April 1991 · 3 yrs
Rotan Mosle INC.Broker
November 1984 - June 1988 · 3 yrs 7 mos
Underwood, Neuhaus & CO., IncorporatedBroker
August 1983 - November 1984 · 1 yr 3 mos
State Registrations24 states
ARAZCACOCTFLGAILLAMIMOMSNCNDNJNMNYOHPASCTNTXVAWA
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.