Data / Investment advisers / New York / Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith Incorporated, New York, NY: $1.8 trillion AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Merrill Lynch, Pierce, Fenner & Smith Incorporated is an SEC registered investment adviser with its main office in New York, New York and reports $1.8 trillion in regulatory assets under management in its Form ADV filed October 30, 2026. Its clients include high net worth individuals, individuals and corporations and other businesses. It is paid through a percentage of assets under management, fixed fees and commissions.
The request: Watch Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD number 7691): each new Form ADV amendment, with AUM, clients and private funds. $10 of work on sign-up, no card.
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- Registration
- SEC registered investment adviser
- CRD number
- 7691
- SEC file number
- 801-14235
- SEC status
- Approved, effective December 8, 1978
- Main office
- One Bryant Park, New York, NY 10036
- Phone
- (800) 637-7455
- Website
- elementsetn.com
- Regulatory AUM
- $1,781,568,171,479 in the Form ADV filed October 30, 2026
- Discretionary AUM
- $441,302,071,156
- Non discretionary AUM
- $1,340,266,100,323
- Accounts
- 3,253,265
- Employees
- 32,960, of which 25,721 give investment advice
- Form of organization
- Corporation
- Paid through
- a percentage of assets under management, fixed fees, commissions
- Other offices
- 3,910
- Form ADV Item 11 disclosures
- Reported: criminal actions, SEC or CFTC regulatory actions, other federal, state or foreign regulatory actions, self-regulatory organization actions, other Item 11 matters, civil court actions
- Latest Form ADV filing
- October 30, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| High net worth individuals | 521,763 | $1.23 trillion |
| Individuals (other than high net worth individuals) | 1,269,968 | $313.53 billion |
| Corporations or other businesses | 22,807 | $131.16 billion |
| Pension and profit sharing plans | 17,422 | $58.95 billion |
| Charitable organizations | 6,759 | $43.03 billion |
| Insurance companies | 246 | $5.95 billion |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $1.78 trillion | March 23, 2026 |
| December 1, 2025 | $1.51 trillion | November 28, 2025 |
Other advisers in New York
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| J.P. Morgan Investment Management Inc. | New York | $3.52 trillion | 239 | adviserinfo.sec.gov |
| Goldman Sachs Asset Management, L.P. | New York | $2.65 trillion | 1,286 | adviserinfo.sec.gov |
| Blackrock Financial Management, Inc | New York | $1.60 trillion | 352 | adviserinfo.sec.gov |
| Blackrock Advisors, LLC | New York | $1.10 trillion | Not listed | adviserinfo.sec.gov |
| Millennium Management LLC | New York | $720.85 billion | 10 | adviserinfo.sec.gov |
| Apollo Capital Management, L.P. | New York | $718.48 billion | 714 | adviserinfo.sec.gov |
| Morgan Stanley Investment Management Inc. | New York | $702.25 billion | 14 | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in New York, NY
- Investment advisers in New York
- Advisers with Over $100 billion in AUM
- Advisers serving high net worth individuals
- Advisers serving individuals
- Merrill Lynch, Pierce, Fenner & Smith Incorporated on the SEC's adviser search
Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.