Kennon Mccarthy
Kennon Mccarthy is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Los Angeles, CA, with 26 years of industry experience. Kennon 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
2049 Century Park E, Los Angeles, CA, 90067
Get directionsHistory
Regulatory History (3)
Customer Dispute
July 2009Customer Dispute
October 2007Customer Dispute
February 2000Other Business Activities
Kennon owns Snowmax LLC, a real estate holding company, and spends minimal time paying property taxes and the mortgage. He also participates in the Professional Advisory Network for the Motion Picture and Television Fund and is a member of Trusted Advisor, both involving networking and educational events, dedicating minimal time to each.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
City National Securities, INC.Broker
City National Securities, INC.
Boston Private Wealth LLC
Unionbanc Investment Services, LLCBroker
Unionbanc Investment Services, LLC
Wells Fargo Investments, LLC
Wells Fargo Investments, LLCBroker
U.S. Bancorp Investments, INC.Broker
Wm Financial Services, INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Chatfield Dean & CO., INC.Broker
Pruco Securities CorporationBroker
State Registrations1 state
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
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