DG
CFP
DG
CFP

Darren Gerstenblatt

21 Years of Experience
New York, NY
BrokerSells Insurance

Darren Gerstenblatt is a CFP-designated registered investment advisor at MML Investors Services, LLC, based in New York, NY, with 21 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

90 Park Ave, 18th Floor, New York, NY, 10016

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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 involved with outside insurance, specifically life and health, through Lenox Advisors since 2005. He works in sales and dedicates a few hours per week to this activity.

Employment History
Current Registrations
MML Investors Services, LLC
June 2021 - Present · 4 yrs 11 mos
MML Investors Services, LLC
February 2006 - Present · 20 yrs 3 mos
MML Investors Services, LLCBroker
February 2006 - Present · 20 yrs 3 mos
Previous Registrations
MML Investors Services, LLC
June 2015 - December 2019 · 4 yrs 6 mos
Lenox Advisors, INC.
May 2008 - January 2019 · 10 yrs 8 mos
Park Avenue Securities LLC
October 2004 - September 2005 · 11 mos
Park Avenue Securities LLCBroker
April 2004 - September 2005 · 1 yr 5 mos
Assent LLCBroker
March 2004 - March 2004 · 0 mos
State Registrations19 states
AKCACOCTDCFLILMANJNYOHPARISCTNTXVAVTWI
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.