James Fay
James Fay is a ChFC-designated registered investment advisor at MML Investors Services, LLC, based in Brooklyn, NY, with 36 years of industry experience. James 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
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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.
Location
9920 4th Avenue, Suite 303, Brooklyn, NY, 11209
Get directionsHistory
Regulatory History (2)
Employment Separation After Allegations
September 2008Customer Dispute
February 2005Other Business ActivitiesSells Insurance
James published a novel in 2009 and spends minimal time on it. He also sells health and property & casualty insurance with various carriers, dedicating minimal time to this activity as well.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Park Avenue Securities LLCBroker
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations11 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.