Richard Pluta
Richard Pluta is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in New York, NY, with 42 years of industry experience. Richard is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
75 Rockefeller Plz, New York, NY, 10019
Get directionsHistory
Regulatory History (6)
Customer Dispute
November 2025Customer Dispute
April 2009Customer Dispute
November 2003Customer Dispute
July 2002Customer Dispute
May 1999Customer Dispute
November 1989Other Business Activities
Richard volunteers and fundraises for the Mobile Trauma Unit, a charitable organization providing first response to disaster areas, dedicating minimal time. He is also an advisory board member for Companions in Courage, helping coordinate fundraising events and build playrooms for children's hospitals, also dedicating minimal time.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations4 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.
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