MS
MS

Michael Silverstein

48 Years of Experience
New York, NY
Broker

Michael Silverstein is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in New York, NY, with 48 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

One Bryant Park, New York, NY, 10036

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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

Michael is a director on the board and on the finance committee of the Digestive Disease Research Foundation, a non-profit charitable organization providing fellowships for medical students. He dedicates minimal time to this activity.

Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
May 2016 - Present · 10 yrs
Previous Registrations
Morgan Stanley
June 2009 - June 2016 · 7 yrs
Morgan StanleyBroker
June 2009 - June 2016 · 7 yrs
Morgan Stanley & CO. IncorporatedBroker
May 2008 - June 2009 · 1 yr 1 mo
Morgan Stanley & CO. Incorporated
May 2008 - June 2009 · 1 yr 1 mo
Bear, Stearns & CO. INC.
September 2003 - May 2008 · 4 yrs 8 mos
Bear, Stearns & CO. INC.Broker
September 2003 - May 2008 · 4 yrs 8 mos
Oppenheimer & CO. INC.Broker
January 2003 - September 2003 · 8 mos
Cibc World Markets CORP.Broker
April 1992 - January 2003 · 10 yrs 9 mos
Ws Securities IncorporatedBroker
August 1989 - May 1992 · 2 yrs 9 mos
Sanford C. Bernstein & CO., INC.Broker
January 1983 - May 1989 · 6 yrs 4 mos
Cigna Securities, INC.Broker
August 1977 - December 1982 · 5 yrs 4 mos
State Registrations27 states
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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.