Patrick Donovan
Patrick Donovan is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Fairfield, CT, with 38 years of industry experience. Patrick 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
1499 Post Rd, Fairfield, CT, 06824
Get directionsHistory
Regulatory History (1)
Customer Dispute
September 2024Other Business Activities
Patrick is a member of the New Canaan Exchange Club, a charity focused on community service and prevention of child abuse. He dedicates a few hours per week to activities such as cleaning litter, scooping ice cream, and selling Christmas trees.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Previous Registrations
Maxcor Financial INC.Broker
Euro Brokers Maxcor INC.Broker
Dain Bosworth IncorporatedBroker
Cs First Boston CorporationBroker
State Registrations32 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.
Exams
More Advisors
- Stephen RaccuiaMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Brian O'connorMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Roland Wauthier, CFPMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Dennis BrownMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Deborah BriskinMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Craig RosenbergMerrill Lynch, Pierce, Fenner & Smith Incorporated