Brent Rice
Brent Rice is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Wayzata, MN, with 38 years of industry experience. Brent 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
315 Lake St E, Wayzata, MN, 55391
Get directionsHistory
Regulatory History (1)
Regulatory
July 2005Other Business Activities
Brent is an owner/employee of Little Blind Spot, a business similar to his wife's, and provides support and co-signs loans, dedicating a few hours per week. He also provides general admin and banking help to Grace Inspired Interiors DBA Sew Dynamics a few hours per week, and acts as Power of Attorney for MLPF& S CUST FBO J R DECD IRA FBO S R and S R, spending minimal time on these duties.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
Merrill Lynch Pierce Fenner & Smith INC.
Piper Jaffray & CO.
Piper Jaffray & CO.Broker
John G. Kinnard and Company, IncorporatedBroker
Westonka Investments, INC.Broker
State Registrations45 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
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