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Timothy Danahy

41 Years of Experience
Amherst, NY
1 DisclosureBrokerSells Insurance

Timothy Danahy is a registered investment advisor at MML Investors Services, LLC, based in Amherst, NY, with 41 years of industry experience. Timothy 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

300 Corporate Pkwy, Suite 200N, Amherst, NY, 14226

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History

Regulatory History (1)
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Customer Dispute
March 2020
Closed-No Action
Other Business ActivitiesSells Insurance

Timothy works as a broker for several insurance carriers, focusing on sales and service since 1987. This takes about 10-20% of his time, with a portion of that time during trading hours.

Employment History
Current Registrations
MML Investors Services, LLC
June 2021 - Present · 4 yrs 11 mos
MML Investors Services, LLCBroker
April 1987 - Present · 39 yrs 1 mo
Previous Registrations
MML Investors Services, LLC
September 2015 - December 2016 · 1 yr 3 mos
Massachusetts Mutual Life Insurance CompanyBroker
March 1985 - January 1988 · 2 yrs 10 mos
State Registrations5 states
CACTFLNYWI
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.