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Sedric Banks

6 Years of Experience
Indianapolis, IN
Broker

Sedric Banks is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Indianapolis, IN, with 6 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,738,212 clients with $1500B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
25581 advisors
Number of Clients
1,738,212 clients
Average Client Portfolio
$869K average
Assets Under Management
$1511.1B

Fee Structure

Investment management only (planning not offered)

The program's fees consist of two parts: the fee you pay to Bank of America for its services, and a fee for the specific investment strategy you choose. The strategy fee, called the Style Manager Expense, generally ranges from 0.00% to 0.50% of your assets annually. Clients investing in strategies managed by related entities will not be charged a Style Manager Expense.

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Location

510 E 96th St, Indianapolis, IN, 46240

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

Sedric owns Judah Warriors LLC, a clothing brand, and is the CEO of Young King Banks LLC, dedicating minimal time to each. He also makes gospel music under the name Young King Banks LLC.

Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
August 2022 - Present · 3 yrs 9 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
August 2022 - Present · 3 yrs 9 mos
Previous Registrations
American Funds Distributors, INC.
January 2021 - June 2022 · 1 yr 5 mos
American Funds Distributors, INC.Broker
January 2020 - June 2022 · 2 yrs 5 mos
State Registrations34 states
AZCACOCTDCFLGAIAILINKSKYMAMDMIMNMOMTNCNJNVNYOHORPARISCSDTNTXVAWAWIWY
AdvisorBrokerBoth

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
No exam information available for this advisor.
Sedric Banks - Financial Advisor | TrueAdvisor