{
  "crd_number": 10409,
  "slug": "mml-investors-services-llc-springfield-ma-10409",
  "primary_business_name": "MML INVESTORS SERVICES, LLC",
  "legal_name": "MML INVESTORS SERVICES, LLC",
  "dbas": [
    "IN GOOD COMPANY",
    "MASSMUTUAL PRIVATE WEALTH",
    "MASSMUTUAL WEALTH MANAGEMENT",
    "MML INVESTORS SERVICES",
    "THE ESTABLISHMENT",
    "THE ESTABLISHMENT BY BARNUM FINANCIAL GROUP",
    "THE ESTABLISHMENT BY MASSMUTUAL"
  ],
  "city": "Springfield",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "44140",
  "metro": {
    "cbsa_code": "44140",
    "common_name": "Springfield",
    "msa_name": "Springfield, MA",
    "path": "/advisors/ma/springfield"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1993-07-13",
  "years_registered": 33,
  "period": "2026-10-01",
  "filing_date": "2026-09-03",
  "carried_forward": false,
  "raum_total": 115638239231.0,
  "raum_discretionary": 70673328452.0,
  "raum_non_discretionary": 44964910779.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 6976,
  "advisory_employees": 4961,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": null,
      "count": 1,
      "description": "TRUSTS, FOUNDATIONS AND ENDOWMENTSND ENDOWMENTS",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 306714830.0,
      "count": 733
    },
    "individuals": {
      "raum": 105772322686.0,
      "count": 447952
    },
    "banking_thrift": {
      "raum": 91621371.0,
      "count": 12
    },
    "state_municipal": {
      "raum": null,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 85766.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 1438328823.0,
      "count": 3379
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 6158206270.0,
      "count": 885
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 1870959485.0,
      "count": 1873
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 7,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/INGOODCOMPANYMASSMUTUAL",
    "https://fortunainvests.com",
    "https://ingoodcompanyboston.com",
    "https://instagram.com/INGOODCOMPANYMM",
    "https://linkedin.com/COMPANY/INGOODCOMPANYMM",
    "https://mmlinvestors.com",
    "https://twitter.com/INGOODCOMPANYMM"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/10409",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "SPRINGFIELD",
  "url": "https://advisorcensus.com/firm/mml-investors-services-llc-springfield-ma-10409",
  "display_name": "MML Investors Services, LLC",
  "summary": "MML Investors Services, LLC is an SEC-registered investment advisory firm in Springfield, MA, registered since 1993, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 3, 2026.",
  "citation": "AdvisorCensus. MML Investors Services, LLC (CRD 10409): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is MML Investors Services, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), MML Investors Services, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is MML Investors Services, LLC located?",
      "a": "MML Investors Services, LLC's principal office is in Springfield, MA, according to its Form ADV; the October 2026 filing also lists 23 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is MML Investors Services, LLC registered with the SEC or a state?",
      "a": "MML Investors Services, LLC is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 10409."
    },
    {
      "q": "How much does MML Investors Services, LLC manage?",
      "a": "MML Investors Services, LLC reports $115,638,239,231 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (61% discretionary)."
    },
    {
      "q": "How have MML Investors Services, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for MML Investors Services, LLC: Regulatory assets under management: $49,002,336,032 in the October 2021 data and $115,638,239,231 in the October 2026 data, up 136%. Total employees: 7,955 in October 2021 and 6,976 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does MML Investors Services, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (447,952); pension and profit sharing plans (but not the plan participants or government pension plans) (3,379); corporations or other businesses not listed above (1,873)."
    },
    {
      "q": "Which custodians does MML Investors Services, LLC use?",
      "a": "MML Investors Services, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does MML Investors Services, LLC report any disciplinary disclosures?",
      "a": "Reports 7 disclosure items on Form ADV Item 11: yes answers to 7 questions about regulatory matters (11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(2), 11.E(4)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/10409"
    },
    {
      "q": "What changed in MML Investors Services, LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 49002336032.0,
      "total_employees": 7955,
      "filing_date": "2021-09-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 62946222947.0,
      "total_employees": 7620,
      "filing_date": "2022-09-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 58787051166.0,
      "total_employees": 7379,
      "filing_date": "2023-09-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 72827710537.0,
      "total_employees": 7130,
      "filing_date": "2024-08-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 90021969258.0,
      "total_employees": 7056,
      "filing_date": "2025-07-22"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 115638239231.0,
      "total_employees": 6976,
      "filing_date": "2026-09-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name Massmutual Wealth Management.",
        "Employees performing advisory functions went from 4935 to 4961.",
        "Regulatory assets under management went from $90,021,969,258 to $115,638,239,231 (+28%).",
        "Changed its office addresses in Boston, MA.",
        "Changed its office addresses in Indianapolis, IN.",
        "Changed its office addresses in Newport Beach, CA.",
        "Added an office in Houston, TX.",
        "Added an office in Iselin, NJ.",
        "Added an office in New York, NY.",
        "Added an office in Radnor, PA.",
        "No longer lists an office in Bala Cynwyd, PA.",
        "No longer lists an office in Dallas, TX.",
        "No longer lists an office in Hunt Valley, MD.",
        "No longer lists an office in McLean, VA."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Added the business name Massmutual Private Wealth."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/mml-investors-services-llc-springfield-ma-10409.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 447952,
      "fewer_than_5": false,
      "raum": 105772322686.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 885,
      "fewer_than_5": false,
      "raum": 6158206270.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 12,
      "fewer_than_5": false,
      "raum": 91621371.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 85766.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 3379,
      "fewer_than_5": false,
      "raum": 1438328823.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 733,
      "fewer_than_5": false,
      "raum": 306714830.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1873,
      "fewer_than_5": false,
      "raum": 1870959485.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 1,
      "fewer_than_5": true,
      "raum": null
    }
  ],
  "disclosure_line": "Reports 7 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/10409",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}