Gaines Walker
Gaines Walker is a CFP-designated registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Knoxville, TN, with 44 years of industry experience. Gaines is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
800 S Gay St, Knoxville, TN, 37929
Get directionsHistory
Regulatory History (4)
Regulatory
December 1993Regulatory
September 1993Customer Dispute
November 1992Customer Dispute
July 1991Other Business ActivitiesSells Insurance
Gaines is involved in several business activities, including managing a rental house owned by his wife and daughters, being a partner in investment and computer sales partnerships, and acting as a trustee for family and retirement trusts. He is also a licensed agent in Tennessee to sell life and health insurance, and was previously a licensed real estate broker.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
Ssn Advisory, INC.
Securities Service Network, INC.Broker
Equity Financial CorporationBroker
Equity Financial CorporationBroker
A. C. Masingill & Associates, INC.Broker
State Registrations28 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.
Exams
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