Hugo Hietapelto
Hugo Hietapelto is a CFP, ChFC-designated registered investment advisor at MML Investors Services, LLC, based in Cloquet, MN, with 22 years of industry experience. Hugo 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
815 Cloquet Ave, Cloquet, MN, 55720
Get directionsHistory
Regulatory History (1)
Customer Dispute
January 2020Other Business ActivitiesSells Insurance
Hugo is an agent at Duluth Financial Group, a non-MMLIA insurance brokerage, spending minimal time on individual and group life and health insurance. He also works as an adjunct professor at the University of Minnesota Duluth and the College of St. Scholastica, dedicating about 10-20% of his time.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations2 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.