Andrew Kraus
Andrew Kraus is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in New York, NY, with 34 years of industry experience. Andrew 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
225 Liberty St, Pbig - New York, New York, NY, 10281
Get directionsHistory
Regulatory History (1)
Customer Dispute
June 2002Other Business Activities
Andrew is a director for the Kennedy Child Study Center, dedicating minimal time monthly as an advisory board member. He also serves as a director for Garden City Youth Lacrosse, spending minimal time monthly administering and organizing the program.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
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.
Exams
More Advisors
- Peter SvarreMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Christopher JohnstonMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Kevin BuschMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Kenneth NersesianMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Suzanne BennettMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Mariana MeyersonMerrill Lynch, Pierce, Fenner & Smith Incorporated