Nilay Patel
Nilay Patel is a registered investment advisor at MML Investors Services, LLC, based in Tarrytown, NY, with 11 years of industry experience. Nilay 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
120 White Plains Road, Suite 601, Tarrytown, NY, 10591
Get directionsHistory
Regulatory History (2)
Criminal
April 2015Criminal
August 2008Other Business ActivitiesSells Insurance
Nilay is an insurance agent selling life insurance and fixed annuities, dedicating minimal time to this activity. Nilay is also a partner in Envy Motorsports LLC, an exotic car rental business, spending minimal time on it.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Foresters Financial Services, INC.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.