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Darren Scrimpshire

24 Years of Experience
San Antonio, TX
BrokerSells Insurance

Darren Scrimpshire is a registered investment advisor at MML Investors Services, LLC, based in San Antonio, TX, with 24 years of industry experience. Darren 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
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
4920 advisors
Number of Clients
392,809 clients
Average Client Portfolio
$229K average
Assets Under Management
$90.0B

Fee Structure

Investment management only (planning not offered)

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.

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Location

10101 Reunion Pl, One Union Square-Ste 300, San Antonio, TX, 78216-4157

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History

Regulatory History
Clean regulatory record

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.

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Other Business ActivitiesSells Insurance

Darren is a leadership consultant, financial advisor selling insurance products, real estate investor, and owner/shareholder of Lodestone Financial Services. Selling insurance and related products takes minimal time, while other activities also take minimal time.

Employment History
Current Registrations
MML Investors Services, LLC
January 2010 - Present · 16 yrs 4 mos
MML Investors Services, LLCBroker
January 2010 - Present · 16 yrs 4 mos
Previous Registrations
Ameriprise Financial Services, INC.
November 2001 - December 2009 · 8 yrs 1 mo
Ameriprise Financial Services, INC.Broker
October 2001 - December 2009 · 8 yrs 2 mos
Ids Life Insurance CompanyBroker
October 2001 - July 2006 · 4 yrs 9 mos
State Registrations53 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTVirgin IslandsWAWIWVWY
AdvisorBrokerBoth

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
No exam information available for this advisor.
Darren Scrimpshire - Financial Advisor | TrueAdvisor