Jose Hernandez
Jose Hernandez is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Guaynabo, PR, with 29 years of industry experience. Jose 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
15 2nd St / 15 Calle 2, Guaynabo, PR, 00968
Get directionsHistory
Regulatory History (29)
Customer Dispute
March 2021Customer Dispute
June 2020Customer Dispute
February 2020Customer Dispute
July 2019Customer Dispute
June 2019Customer Dispute
April 2019Customer Dispute
March 2019Customer Dispute
February 2019Customer Dispute
January 2019Customer Dispute
January 2019Customer Dispute
November 2018Customer Dispute
May 2018Customer Dispute
April 2018Customer Dispute
April 2018Customer Dispute
March 2018Customer Dispute
February 2018Customer Dispute
February 2018Customer Dispute
December 2017Customer Dispute
October 2017Customer Dispute
October 2017Customer Dispute
September 2017Customer Dispute
August 2017Customer Dispute
September 2016Customer Dispute
August 2016Customer Dispute
June 2016Customer Dispute
October 2015Customer Dispute
September 2014Customer Dispute
August 2014Customer Dispute
May 2014Other Business Activities
Jose is an officer at Toperbee Corporation since 2021, where he handles financials, contracts, and lease negotiations, dedicating a few hours per week. He does not have a direct management role in the day-to-day operations.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
Santander Securities
Santander Securities LLCBroker
Olde Discount CorporationBroker
State Registrations15 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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