BC
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Bing Cheng

31 Years of Experience
East Hills, NY
BrokerSells Insurance

Bing Cheng is a registered investment advisor at MML Investors Services, LLC, based in East Hills, NY, with 31 years of industry experience. Bing 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
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
4920 advisors
Number of Clients
392,809 clients
Average Client Portfolio
$229K average
Assets Under Management
$90.0B

Fee Structure

Investment management only (planning not offered)

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.

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Location

2200 Northern Blvd, Suite 200, East Hills, NY, 11548

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Bing owns residential rental properties and is involved with Harvester LLC, another rental property. Bing also serves as Chairman of the Board for an organization and as a Board of Director for World Harvest Organization, and sells various insurance products, dedicating minimal time to each of these activities.

Employment History
Current Registrations
MML Investors Services, LLC
June 2021 - Present · 4 yrs 11 mos
MML Investors Services, LLC
March 2017 - Present · 9 yrs 2 mos
MML Investors Services, LLCBroker
March 2017 - Present · 9 yrs 2 mos
Previous Registrations
Msi Financial Services, INC.Broker
August 2008 - March 2017 · 8 yrs 7 mos
Citigroup Global Markets INC.Broker
May 2007 - September 2008 · 1 yr 4 mos
Citicorp Investment ServicesBroker
December 2005 - May 2007 · 1 yr 5 mos
Metlife Securities INC.Broker
May 1994 - December 2005 · 11 yrs 7 mos
Metropolitan Life Insurance CompanyBroker
May 1994 - December 2005 · 11 yrs 7 mos
State Registrations10 states
CACTDCFLGANHNJNYPATX
AdvisorBrokerBoth

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
No exam information available for this advisor.