Raymond Wellspeak
Raymond Wellspeak is a CFP-designated registered investment advisor at MML Investors Services, LLC, based in Holyoke, MA, with 30 years of industry experience. Raymond 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
330 Whitney Ave, Suite 610, Holyoke, MA, 01040
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Regulatory History (1)
Customer Dispute
August 2017Other Business ActivitiesSells Insurance
Raymond is a sales agent at a non-MMLIA insurance brokerage, selling fixed annuities and group life insurance, dedicating a few hours per week. He also owns a CPA/Tax Preparation business and is a non-practicing licensed attorney.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Msi Financial Services, INC.
Metlife Securities INC.
Msi Financial Services, INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations21 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.