RD
RD

Raffaele Degruttola

21 Years of Experience
Garden City, NY
Broker

Raffaele Degruttola is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Garden City, NY, with 21 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

1325 Franklin Ave, Garden City, NY, 11530

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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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Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
June 2010 - Present · 15 yrs 11 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
June 2010 - Present · 15 yrs 11 mos
Previous Registrations
Chase Investment Services CORP.
July 2009 - June 2010 · 11 mos
Chase Investment Services CORP.Broker
July 2009 - June 2010 · 11 mos
Morgan Stanley Smith BarneyBroker
June 2009 - July 2009 · 1 mo
Citigroup Global Markets INC.Broker
October 2006 - June 2009 · 2 yrs 8 mos
Ameriprise Financial Services, INC.Broker
April 2004 - October 2006 · 2 yrs 6 mos
Ids Life Insurance CompanyBroker
April 2004 - July 2006 · 2 yrs 3 mos
State Registrations32 states
AZCACOCTDCDEFLGAILINKSMAMDMIMNMONCNHNJNVNYOHORPARISCTNTXUTVAVTWA
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.
Raffaele Degruttola - Financial Advisor | TrueAdvisor