LS
LS

Larry Schnaid

23 Years of Experience
Los Angeles, CA
Broker

Larry Schnaid is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Los Angeles, CA, with 23 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,738,212 clients with $1500B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
25581 advisors
Number of Clients
1,738,212 clients
Average Client Portfolio
$869K average
Assets Under Management
$1511.1B

Fee Structure

Investment management only (planning not offered)

The program's fees consist of two parts: the fee you pay to Bank of America for its services, and a fee for the specific investment strategy you choose. The strategy fee, called the Style Manager Expense, generally ranges from 0.00% to 0.50% of your assets annually. Clients investing in strategies managed by related entities will not be charged a Style Manager Expense.

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Location

2049 Century Park E, Pbig - Century City, Los Angeles, CA, 90067

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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 Activities

Larry is involved with several charitable organizations, including the Jewish Home for the Aging and Los Angeles Jewish Home for the Aging, and serves on the board of West Hills Baseball. He also serves as power of attorney for two entities, dedicating minimal time to each activity.

Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
July 2022 - Present · 3 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
July 2022 - Present · 3 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
July 2022 - Present · 3 yrs 10 mos
Previous Registrations
UBS Financial Services INC.
February 2012 - July 2022 · 10 yrs 5 mos
UBS Financial Services INC.Broker
February 2012 - July 2022 · 10 yrs 5 mos
RBC Capital Markets, LLC
September 2008 - March 2012 · 3 yrs 6 mos
RBC Capital Markets, LLCBroker
September 2008 - March 2012 · 3 yrs 6 mos
Wachovia Securities, LLCBroker
January 2008 - September 2008 · 8 mos
Wachovia Securities, LLC
January 2008 - September 2008 · 8 mos
A. G. Edwards & Sons, INC.Broker
February 2005 - January 2008 · 2 yrs 11 mos
A. G. Edwards & Sons, INC.
February 2005 - January 2008 · 2 yrs 11 mos
Citigroup Global Markets INC.Broker
November 2002 - March 2005 · 2 yrs 4 mos
State Registrations37 states
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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.