Kara Cioffi
Kara Cioffi is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Venice, FL, with 14 years of industry experience. Kara is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
871 Venetia Bay Blvd, Venice, FL, 34285
Get directionsHistory
Regulatory History (1)
Financial
October 2017Other Business Activities
Kara is a member/partner in A&M Ceramic Coating, LLC, assisting with clerical and administrative tasks for her husband's ceramic coating installation business. This activity takes about 10-20% of Kara's time and is not investment-related.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
Suntrust Advisory Services, INC.
Suntrust Investment Services, INC.
Suntrust Investment Services, INC.Broker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Wells Fargo Advisors, LLCBroker
Wells Fargo Advisors, LLC
Suntrust Investment Services, INC.
Suntrust Investment Services, INC.Broker
State Registrations50 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.
Exams
More Advisors
- Jules AxelrodMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Lawrence HurstMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Stephen PicazioMerrill Lynch, Pierce, Fenner & Smith Incorporated
- David GordonMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Owen ThiessenMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Jay MchargueMerrill Lynch, Pierce, Fenner & Smith Incorporated