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Michael Breen

Merrill Lynch, Pierce, Fenner & Smith Incorporated
29 Years of Experience
Kailua Kona, HI
1 DisclosureBroker
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Michael Breen is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Kailua Kona, HI, with 29 years of industry experience. Michael 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.

Merrill Lynch, Pierce, Fenner & Smith Incorporated
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
25502 advisors
Number of Clients
1,838,984 clients
Average Client Portfolio
$969K average
Assets Under Management
$1781.6B

Fee Structure

Investment management only (planning not offered)

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.

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Location

Kailua Kona, HI

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
May 2005
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael is a general partner in Breen Investment Partners, a family limited partnership, since 1999, dedicating minimal time. He is also a limited partner in Bodhi Tree LLC, an expense account for his Hawaii property, and an owner of Kona Lokahi LLC, used for splitting a boat with friends, both requiring minimal time.

Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
May 1999 - Present · 27 yrs 5 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
February 1999 - Present · 27 yrs 8 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
February 1999 - Present · 27 yrs 8 mos
Previous Registrations
Dean Witter Reynolds INC.Broker
July 1997 - February 1999 · 1 yr 7 mos
State Registrations38 states
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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.
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