Michael Achatz
Michael Achatz is a ChFC-designated registered investment advisor at MML Investors Services, LLC, based in Columbia, MD, with 26 years of industry experience. Michael 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
6811 Benjamin Franklin Dr, Suite 160, Columbia, MD, 21046
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
May 2003Other Business ActivitiesSells Insurance
Michael is an agent for Delaware Life fixed annuity renewals since 2006, dedicating minimal time. He is also the owner/partner of Metropolitan Wealth Advisors, LLC for pass-through compensation.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
Metropolitan Life Insurance CompanyBroker
Charles Schwab & CO., INC.Broker
Salomon Smith Barney INC.Broker
Prudential Securities IncorporatedBroker
State Registrations33 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.