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Mukund Hanumante

41 Years of Experience
Metairie, LA
1 DisclosureBrokerSells Insurance

Mukund Hanumante is a registered investment advisor at MML Investors Services, LLC, based in Metairie, LA, with 41 years of industry experience. Mukund 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
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
4920 advisors
Number of Clients
392,809 clients
Average Client Portfolio
$229K average
Assets Under Management
$90.0B

Fee Structure

Investment management only (planning not offered)

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.

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Location

3838 North Causeway Boulevard, Suite 3400, Metairie, LA, 70002

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History

Regulatory History (1)
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
January 2009
Denied
Other Business ActivitiesSells Insurance

Mukund is an author and speaker of spiritual books since 1999, dedicating minimal time to this activity. He is also a sales agent for individual life, health, group life, and group health insurance, dedicating minimal time to this activity.

Employment History
Current Registrations
MML Investors Services, LLCBroker
March 2017 - Present · 9 yrs 2 mos
MML Investors Services, LLC
March 2017 - Present · 9 yrs 2 mos
Previous Registrations
Msi Financial Services, INC.
August 2002 - March 2017 · 14 yrs 7 mos
Msi Financial Services, INC.Broker
November 1986 - March 2017 · 30 yrs 4 mos
Metropolitan Life Insurance CompanyBroker
January 1985 - July 2007 · 22 yrs 6 mos
State Registrations20 states
ALCACOFLGAILINLAMDMIMSNCNJNVNYOHOKTNTXVA
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.
Mukund Hanumante - Financial Advisor | TrueAdvisor