Lawrence Macy
Lawrence Macy is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Chicago, IL, with 39 years of industry experience. Lawrence 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
110 N Wacker Dr, Chicago, IL, 60606
Get directionsHistory
Regulatory History (2)
Customer Dispute
July 2014Customer Dispute
June 2010Other Business Activities
Lawrence is a committee member for The Cradle Foundation Golf Committee, a non-profit charitable organization, since 2016. He spends minimal time on this activity, primarily choosing menus, selecting venues, soliciting auction items, and determining pricing and prizes for the outing.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
La Salle St. Securities, INC.Broker
Bear, Stearns & CO. INC.Broker
State Registrations36 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
- Christopher RossiMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Joseph ShannonMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Kenneth Novak, CFPMerrill Lynch, Pierce, Fenner & Smith Incorporated
- James RadlerMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Henry LatimerMerrill Lynch, Pierce, Fenner & Smith Incorporated
- J WoodMerrill Lynch, Pierce, Fenner & Smith Incorporated