Alvin Murgai
Alvin Murgai is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Houston, TX, with 34 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,738,212 clients with $1500B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
The program's fees consist of two parts: the fee you pay to Bank of America for its services, and a fee for the specific investment strategy you choose. The strategy fee, called the Style Manager Expense, generally ranges from 0.00% to 0.50% of your assets annually. Clients investing in strategies managed by related entities will not be charged a Style Manager Expense.
Location
5775 N Sam Houston Pkwy W, Houston, TX, 77086
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Regulatory History (3)
Customer Dispute
December 2013Customer Dispute
February 2004Customer Dispute
June 2003Other Business Activities
Alvin is a participant in Cevant Cellars, a limited partnership aiming to make wine for personal consumption, dedicating minimal time annually. He also owns a family real estate business, spends minimal time monthly as a limited partner in Imperial Salon and StarMB LLC, owns 50% of Dam Restaurant LLC as a passive investor, and has power of attorney over investments, spending minimal time yearly.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
Fidelity Brokerage Services, INC.Broker
Derand/pennington/bass, INC.Broker
State Registrations53 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.