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MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
CRD 7691File 801-14235
APPROVED
Retail clients
Custody
Disclosure events
Filing as of Sep 24, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.8T
Top 10% of cohort (national)
Discretionary AUM
$441.30B
Non-discretionary $1.3T
Clients
1,838,965
3,253,265 accounts
Employees
32,960
Top 10% of cohort in NY
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- NYRO
- Registration date
- Dec 8, 1978
- Principal office
- ONE BRYANT PARK, NEW YORK, NY, 10036
- Phone
- 800-637-7455
- Website
- HTTPS://WWW.MERRILL.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.8T
- Discretionary AUM
- $441.30B
- Non-discretionary AUM
- $1.3T
- Discretionary accounts
- 713,174
- Non-discretionary accounts
- 2,540,091
- Total accounts
- 3,253,265
- AUM per client
- $969K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 22,807 | $131.16B |
| Insurance companies | 246 | $5.95B |
| Charitable organizations | 6,759 | $43.03B |
| High net worth individuals | 521,763 | $1.2T |
| Pension and profit sharing plans | 17,422 | $58.95B |
| Individuals (other than high net worth individuals) | 1,269,968 | $313.53B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Commissions
- A percentage of assets under your management
Advisory activities
- Other
- Other advisory activities
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- Yes
- Related Person Custody Clients
- Yes
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11F
- Q11G
- Q11A1
- Q11A2
- Q11B1
- Q11B2
- Q11C1
- Q11C2
- Q11C4
- Q11C5
- Q11D1
- Q11D2
- Q11D3
- Q11D4
- Q11D5
- Q11E2
- Q11E4
- Q11H2
- Q11H1A
- Q11H1B
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Clients | 1,838,984 | 1,838,965 | decreased by19 |
| Apr 1, 2026 | Employees | 33,689 | 32,960 | decreased by729 |
| Apr 1, 2026 | Clients | 1,738,212 | 1,838,984 | increased by100,772 |
| Apr 1, 2026 | AUM | $1,511,090,925,436 | $1,781,568,171,479 | increased by$270,477,246,043 |
| Apr 1, 2026 | Accounts | 3,085,811 | 3,253,265 | increased by167,454 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 34,906 | 33,689 | decreased by1,217 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 1,502,915 | 1,738,212 | increased by235,297 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,283,837,699,073 | $1,511,090,925,436 | increased by$227,253,226,363 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 2,825,602 | 3,085,811 | increased by260,209 |
| Apr 1, 2022 | Employees | 36,025 | 34,906 | decreased by1,119 |
| Apr 1, 2022 | Clients | 1,400,916 | 1,502,915 | increased by101,999 |
| Apr 1, 2022 | AUM | $1,084,543,561,669 | $1,283,837,699,073 | increased by$199,294,137,404 |
| Apr 1, 2022 | Accounts | 2,605,171 | 2,825,602 | increased by220,431 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “MERRILL LYNCH” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“MERRILL LYNCH” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.