Russell Goldstein
Russell Goldstein is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Newport Beach, CA, with 29 years of industry experience. Russell 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
500 Newport Ctr Dr, Newport Beach, CA, 92660
Get directionsHistory
Regulatory History (2)
Customer Dispute
June 2008Employment Separation After Allegations
January 2001Other Business Activities
Russell is a committee member for Phoenix Fashion Week, dedicating minimal time to chairing their annual "Fashionably Pink" charity event. He also owns 50% of RGNK Holdings LLC, a rental property company, and serves on the advisory board for Seed Spot, a charitable organization supporting social entrepreneurs, dedicating a few hours per week to this role.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Previous Registrations
Banc of America Investment Services, INC.
Banc of America Investment Services, INC.Broker
Quick & Reilly, INC.
Quick & Reilly, INC.Broker
Sandgrain Securities, INC.Broker
H&r Block Financial Advisors, INC.Broker
Prudential Securities IncorporatedBroker
Sands Brothers & CO., LTD.Broker
D. H. Blair & CO., INC.Broker
State Registrations8 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
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