Nicola Caporaso
Nicola Caporaso is a registered investment advisor at MML Investors Services, LLC, based in Hauppauge, NY, with 20 years of industry experience. Nicola 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
1393 Veteran's Memorial Hwy, Suite 307S, Hauppauge, NY, 11788
Get directionsHistory
Regulatory History (5)
Customer Dispute
July 2021Customer Dispute
March 2017Customer Dispute
January 2017Criminal
January 2010Criminal
May 2006Other Business ActivitiesSells Insurance
Nicola has ownership and is president of Elite Planning Solutions, Inc., dealing with individual life, health, group life, and group health insurance since 2010. This takes about 10-20% of Nicola's time.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Equity Services, INC.Broker
MML Investors Services, LLCBroker
Park Avenue Securities LLCBroker
Nylife Securities INC.Broker
Ehrenkrantz King Nussbaum, INC.Broker
First Hudson Financial Group, INC.Broker
Benson York Group, INC.Broker
Harrison Securities, INC.Broker
State Registrations4 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.