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Gretchen Nichols

17 Years of Experience
Indianapolis, IN
Broker

Gretchen Nichols is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Indianapolis, IN, with 17 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

510 E 96th St, Indianapolis, IN, 46240

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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 IncorporatedBroker
August 2025 - Present · 9 mos
Previous Registrations
Raymond James & Associates, INC.
April 2022 - July 2025 · 3 yrs 3 mos
Raymond James & Associates, INC.Broker
April 2022 - July 2025 · 3 yrs 3 mos
Stifel, Nicolaus & Company, IncorporatedBroker
February 2017 - April 2022 · 5 yrs 2 mos
Stifel, Nicolaus & Company, Incorporated
February 2017 - April 2022 · 5 yrs 2 mos
City Securities CorporationBroker
November 2012 - February 2017 · 4 yrs 3 mos
City Securities Corporation
October 2012 - February 2017 · 4 yrs 4 mos
City Securities Corporation
February 2007 - June 2011 · 4 yrs 4 mos
City Securities CorporationBroker
February 2007 - June 2011 · 4 yrs 4 mos
Northwest Financial Services INC
November 2006 - January 2007 · 2 mos
NFP Securities, INC.Broker
October 2006 - January 2007 · 3 mos
State Registrations53 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTVirgin IslandsWAWIWVWY
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.
Gretchen Nichols - Financial Advisor | TrueAdvisor