Nicholas Schummer
Nicholas Schummer is a registered investment advisor at MML Investors Services, LLC, based in Clarkston, MI, with 13 years of industry experience. Nicholas 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
5980 S Main St, Suite 100, Clarkston, MI, 48346
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
June 2018Other Business ActivitiesSells Insurance
Nicholas sells long-term care, fixed annuities, and health insurance products, dedicating a few hours per week. He also serves as CEO/Owner of Boulder Gaming & Collectibles LLC, a retail sales business, spending a few hours per week managing it.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Northwestern Mutual Investment Services, LLCBroker
State Registrations8 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.