Donovan Fikes
Donovan Fikes is a registered investment advisor at MML Investors Services, LLC, based in San Antonio, TX, with 25 years of industry experience. Donovan 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
10101 Reunion Pl, One Union Square-Ste 300, San Antonio, TX, 78216-4157
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Donovan is a sales agent for individual life, health, group life, and group health insurance products, dedicating minimal time to this. He also provides consulting services on SCI life issues, drawing on his 24 years of experience, and spends minimal time on this as well. Donovan operates Fikes Financial Group LLC as a DBA for his IAR business, dedicating full-time hours to IAR-related activities.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
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.