Michael Werfel
Michael Werfel is a registered investment advisor at MML Investors Services, LLC, based in Paramus, NJ, with 20 years of industry experience. Michael 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
61 So Paramus Rd, 5th Floor Suite 575, Paramus, NJ, 07652
Get directionsHistory
Regulatory History (1)
Customer Dispute
July 2014Other Business ActivitiesSells Insurance
Michael is the owner/agent of Silver Rock Advisors, LLC, selling insurance products. He also works as an independent insurance agent, selling life, disability, long-term care, fixed annuities, and health insurance, dedicating minimal time to these activities. Michael is also on the board of directors for the Kiwanis Club of Pascack Valley.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
MML Investors Services, LLCBroker
MML Investors Services, LLC
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations22 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.