David Xi
David Xi is a registered investment advisor at MML Investors Services, LLC, based in Chester, NJ, with 25 years of industry experience. David 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
1 Mill Ridge Lane, Suite 205, Chester, NJ, 07930
Get directionsHistory
Regulatory History (1)
Customer Dispute
January 2022Other Business ActivitiesSells Insurance
David is an insurance agent selling life insurance, disability, equity fixed life, and fixed annuity products, dedicating minimal time to this. He also owns Bethel Wealth Guardians LLC, created to market MassMutual and MML business, spending about a quarter of his time on sales and solicitation of their products.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Summit Financial, LLC
Purshe Kaplan Sterling InvestmentsBroker
Summit Financial Resources INC
Summit Equities INC
Summit Equities, INC.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
Wma Securities, INC.Broker
State Registrations3 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.