ME
ChFC
ME
ChFC

Michael Enright

41 Years of Experience
Wakefield, MA
BrokerSells Insurance

Michael Enright is a ChFC-designated registered investment advisor at MML Investors Services, LLC, based in Wakefield, MA, with 41 years of industry experience. Michael 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

301 Edgewater Place, Suite 200, Wakefield, MA, 01880

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Michael is involved in health, group health, and independent insurance sales since 2002. This requires minimal time.

Employment History
Current Registrations
MML Investors Services, LLC
June 2024 - Present · 1 yr 11 mos
MML Investors Services, LLCBroker
March 2017 - Present · 9 yrs 2 mos
Previous Registrations
MML Investors Services, LLC
November 2020 - December 2022 · 2 yrs 1 mo
Msi Financial Services, INC.Broker
January 2015 - March 2017 · 2 yrs 2 mos
Baystate Wealth Management
July 2011 - February 2018 · 6 yrs 7 mos
New England SecuritiesBroker
March 2000 - January 2015 · 14 yrs 10 mos
Pruco Securities CorporationBroker
February 1988 - March 2000 · 12 yrs 1 mo
Prudential-Bache Securities INC.Broker
May 1985 - February 1988 · 2 yrs 9 mos
Donaldson, Lufkin & Jenrette Securities CorporationBroker
October 1984 - May 1985 · 7 mos
State Registrations16 states
CACTFLMAMDMEMONCNHNYOHPASCTNVAVT
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.