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Fred Harraka

2 Years of Experience
Fairfield, NJ
Broker

Fred Harraka is a registered investment advisor at MML Investors Services, LLC, based in Fairfield, NJ, with 2 years of industry experience. Fred 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
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
4920 advisors
Number of Clients
392,809 clients
Average Client Portfolio
$229K average
Assets Under Management
$90.0B

Fee Structure

Investment management only (planning not offered)

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.

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Location

30 Two Bridges Road, Suite 320, Fairfield, NJ, 07004

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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

Fred owns Fred's Corporate Cleaners, providing dry cleaning pick-up and delivery services, dedicating about a quarter of his time to overseeing production and payroll. He also owns Westside Cleaners, spending minimal time on weekly payroll duties.

Employment History
Current Registrations
MML Investors Services, LLC
May 2023 - Present · 3 yrs
MML Investors Services, LLC
April 2023 - Present · 3 yrs 1 mo
MML Investors Services, LLCBroker
April 2023 - Present · 3 yrs 1 mo
State Registrations15 states
AZCACODEFLGAMDNCNHNJNYPATXVAWV
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.
Fred Harraka - Financial Advisor | TrueAdvisor