Richard Caruso is a registered investment advisor at MML Investors Services, LLC, based in Iselin, NJ, with 31 years of industry experience. Richard 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
186 Wood Ave S, Suite 301, Iselin, NJ, 08830
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Regulatory History
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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Richard is involved in construction, painting, and labor, dedicating about 10-20% of his time. He also owns Cousing Property Group LLC, a real estate business, spending minimal time on it.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Msi Financial Services, INC.
New England SecuritiesBroker
Tower Square Securities, INC.Broker
Walnut Street Securities, INC.Broker
Msi Financial Services, INC.Broker
Securities America Advisors, INC.
Securities America, INC.Broker
Multi-Financial Securities Corporation
Multi-Financial Securities CorporationBroker
Viewtrade Securities, INC.Broker
J.P. Turner & Company, L.L.C.Broker
Prudential Securities IncorporatedBroker
Ndb Capital Markets, LPBroker
Global Capital Securities CorporationBroker
Global Capital Markets, LLCBroker
Stratton Oakmont INC.Broker
National Discount BrokersBroker
Stratton Oakmont 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.