Shown Kumar
Shown Kumar is a CFP, ChFC-designated registered investment advisor at MML Investors Services, LLC, based in Babylon, NY, with 15 years of industry experience. Shown 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
60 Fire Island Ave, Suite 101, Babylon, NY, 11702
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Regulatory History (1)
Customer Dispute
August 2015Other Business ActivitiesSells Insurance
Shown is an insurance broker selling life, disability, long-term care, fixed annuities, and health insurance, dedicating a few hours per week. Shown also owns Fire Island Asset Management, LLC, SK Taxi, Inc., The MKG Group Ltd, and VFPT LTD, spending minimal time on each to manage administrative tasks and expenses.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
LPL Enterprise, LLC
LPL Enterprise, LLCBroker
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
State Registrations11 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.