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Larry Nevonen

32 Years of Experience
Beverly Hills, CA
BrokerSells Insurance

Larry Nevonen is a registered investment advisor at MML Investors Services, LLC, based in Beverly Hills, CA, with 32 years of industry experience. Larry 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

8383 Wilshire Blvd, Suite 600, Beverly Hills, CA, 90211

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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

Larry sells individual life, health, group life, and group health insurance, dedicating a few hours per week to this activity since 1976. He also owns rental property and serves as an expert witness for life insurance transactions, spending minimal time on the former and a variable amount of time on the latter.

Employment History
Current Registrations
MML Investors Services, LLC
April 2005 - Present · 21 yrs 1 mo
MML Investors Services, LLC
March 2002 - Present · 24 yrs 2 mos
MML Investors Services, LLCBroker
March 2002 - Present · 24 yrs 2 mos
Previous Registrations
Hornor, Townsend & Kent, INC.Broker
September 2000 - April 2002 · 1 yr 7 mos
Princor Financial Services CorporationBroker
February 2000 - October 2000 · 8 mos
MML Investors Services, INC.Broker
January 1997 - January 2000 · 3 yrs
Pruco Securities CorporationBroker
October 1994 - January 1997 · 2 yrs 3 mos
MML Investors Services, INC.Broker
December 1993 - September 1994 · 9 mos
State Registrations1 state
CA
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.