Derek Happy
Derek Happy is a registered investment advisor at MML Investors Services, LLC, based in Worcester, MA, with 17 years of industry experience. Derek 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
One West Boylston St, Suite Ll03 & Ll04, Worcester, MA, 01605
Get directionsHistory
Regulatory History (2)
Customer Dispute
September 2018Criminal
July 2006Other Business ActivitiesSells Insurance
Derek owns rental property and is an agent for life, health, group life, group health, and fixed annuity products. He also manages Hapcus Realty, LLC and Worcester Financial Group, Inc, dedicating about a quarter of his time to the latter.
Employment History
Current Registrations
MML Investors Services, LLCBroker
MML Investors Services, LLC
Previous Registrations
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
New England SecuritiesBroker
Nylife Securities LLCBroker
State Registrations37 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.