Steven Sorenson
Steven Sorenson is a registered investment advisor at MML Investors Services, LLC, based in Austin, TX, with 36 years of industry experience. Steven 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
Austin, TX
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Regulatory History (3)
Judgment / Lien
April 2021Judgment / Lien
October 2019Judgment / Lien
March 2019Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Foreside Fund Services, LLCBroker
Gartmore Distribution Services, INC.Broker
Spencer Trask Ventures, INC.Broker
Lincoln Financial Distributors, INC.Broker
Delaware Distributors, L.P.Broker
Van Kampen Funds INC.Broker
Nomura Securities International, INC.Broker
Neuberger & Berman Management IncorporatedBroker
Dean Witter Reynolds INC.Broker
Widmann, Siff & CO., INC.Broker
Vestax Securities CorporationBroker
Connecticut Mutual Financial Services, INC.Broker
Cowen & CO.Broker
Lehman Brothers Kuhn Loeb IncorporatedBroker
Bache Halsey Stuart Shields IncorporatedBroker
State Registrations1 state
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.