Metlife Securities Inc. (Springfield)


Metlife Securities Inc. is a large advisory firm based in Springfield. It manages $13.8 billion of regulatory assets for 105,831 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 46 other states.

Metlife Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 3,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Metlife Securities: assets under management

The assets under management (AUM) of Metlife Securities Inc. is $13.8 billion. The firm's AUM has grown by 1996% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.73 billion in discretionary accounts and $10.08 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $115.81 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Metlife Securities Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Metlife Securities Inc.

Paul Anthony Lapiana has been acting as President since 1 Jan 2012. Massachusetts Mutual Life Insurance Company joined the executive team most recently as the Direct Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Metropolitan Life Insurance Company Mutual insurance company 1 Mar 1868 75% - 100% 4095
Metropolitan Life Insurance Company Mutual insurance company 1 Mar 1968 75% - 100% 4095
Gary Edwin Lineberry Director 1 Nov 1995 Other 310163
Vincent Gerard Vitiello Director 1 Nov 1995 Other 1059845
Richard Raymond Tartre Director 1 Jan 1997 Other 442739
Myra Leslie Saul Secretary 1 Jan 1997 Other 2870366
Paul David Hipworth Chief financial officer 1 Jan 1997 Other 2798832
Leonard Mark Bakal Vice-president & compliance director 1 Jan 1997 Other 2537778
William James Wheeler Treasurer 1 Apr 1998 Other 1208521
Joseph William Jordan Director 1 Apr 1999 Other 1038696
Tom M Wirtshafter Director 1 Apr 1999 Other 1042793
Donn George Jr Sharer Director & senior vice president 1 Jun 1999 Other 2055118
George Christ President 1 Aug 1999 Other 1743431
Inc. Metlife Direct owner 1 Apr 2000 75% - 100% 13-4075851
David M. Acselrod Director 1 Apr 2000 Other xxx-xx-xxxx
Nicholas Lawrence Iii Brecker Director 1 Apr 2000 Other xxx-xx-xxxx
Jeffrey Alexander Wilk Director 1 Apr 2000 Other xxx-xx-xxxx
David Acselrod Director 1 Apr 2000 Other 4606203
William Michael Dilodovico Operations principal 1 May 2000 Other 2184004
Thomas Warren Mcconnell Director & chairman of the board 1 Nov 2000 Other xxx-xx-xxxx
Leland C. Launer Treasurer 1 Mar 2001 Other xxx-xx-xxxx
Anthony J Williamson Treasurer 1 Oct 2001 Other xxx-xx-xxxx
Jonathan Marc Rozek Vice president 1 Dec 2001 Other xxx-xx-xxxx
Thomas Warren Mcconnell President 1 Jun 2002 Other xxx-xx-xxxx
Richard Joseph Miller Director & chairman of the board 1 Sep 2002 Other xxx-xx-xxxx
Gary Richard Schulte Director 1 Sep 2002 Other xxx-xx-xxxx
Richard Joseph Miller President, director & chairman of the board 1 Nov 2002 Other xxx-xx-xxxx
Jose Isidro Martinez Assistant vice president 1 Jan 2003 Other 1731896
Robert Joseph Costello Director of operations and services 1 Jan 2003 Other 1349716
Daniel Joseph Flynn National sales director 1 Mar 2003 Other 2371041
Bette Skandalis Vice-president, financial planning services 1 Apr 2003 Other 1565251
Charles Edward Jr Fuller Director of advisory products 1 May 2003 Other 1689277
Michael Kevin Farrell President & ceo 1 Aug 2003 Other 854508
Craig William Markham President 1 Sep 2003 Other 1383638
Virgelan Ernesto Aquino Director of operations and services 1 Oct 2004 Other 2976229
Leonard Mark Bakal Chief compliance officer & money laundering compliance officer 1 Oct 2004 Other 2537778
Paul Etienne Regard Director of advisory products 1 Oct 2004 Other xxx-xx-xxxx
Michael Kevin Farrell Director 1 Oct 2004 Other 854508
William John Toppeta Director 1 Oct 2004 Other 2835140
Nancy Louise Ricciardi Options principal 1 Dec 2004 Other 1901005
Nancy Louise Ricciardi Senior registered options principal 1 Feb 2005 Other 1901005
Gwenn Carr Secretary 1 Feb 2005 Other xxx-xx-xxxx
Daniel Joseph Flynn National sales director, financial planning services 1 Apr 2005 Other 2371041
Paul G. Cellupica Chief legal officer 1 Jul 2005 Other xxx-xx-xxxx
Andre Theodore Carrier Senior registered options principal and compliance registered options principal 1 Oct 2005 Other 2257728
Robert Begun Co-chief operations officer 1 Dec 2005 Other 4436053
Jeffrey Paul Halperin Anti-money laundering officer 1 Aug 2006 Other 2899327
James Dwyer Vice president, licensing and registration 1 Aug 2006 Other xxx-xx-xxxx
Marc Allan Cohn Chief compliance officer, investment adviser 1 Sep 2006 Other 2464524
David Michael Holtzer Chief compliance officer, broker dealer 1 Sep 2006 Other 4345697
John Gregory Martinez Vice president and financial operations principal 1 Jan 2007 Other 2210722
Margaret Claire Fechtmann Co-president, msi operations and director 1 May 2007 Other 1066520
Thomas George Jr Hogan Co-president, msi mlr distribution and director 1 May 2007 Other 5088432
Maria Morris Co-president, msi employee benefits and director 1 May 2007 Other 4683112
Michael Joseph Vietri Co-president, msi distribution and director 1 May 2007 Other 1068983
Eric Steigerwalt Treasurer 1 May 2007 Other xxx-xx-xxxx
Craig William Markham Chief operating officer 1 May 2007 Other 1383638
Michael J Lacek Chief legal officer 1 Mar 2008 Other xxx-xx-xxxx
John Joseph Brett Chairman of the board 1 Mar 2008 Other 726194
Donald Roy Kaplan Chief compliance officer, broker dealer 1 Dec 2008 Other 1727509
Anthony Jay Nugent Executive vice president, employee benefits and director 1 May 2009 Other 1380505
Thomas George Jr Hogan Senior vice president, mlr distribution 1 May 2009 Other 5088432
Michael Joseph Vietri Executive vice president, individual distribution and director 1 May 2009 Other 1068983
John Joseph Brett President and chairman 1 May 2009 Other 726194
Steven Charles Day Senior vice president, individual distribution 1 May 2009 Other 1135434
Steven Jeffrey Goulart Treasurer 1 Aug 2009 Other xxx-xx-xxxx
Jeffrey A Welikson Secretary 1 Aug 2009 Other 4731011
Isaac Torres Secretary 1 May 2010 Other xxx-xx-xxxx
Paul Anthony Lapiana Director 1 Jan 2012 Other 2237245
Elizabeth Mary Forget Director 1 Jun 2012 Other 2767945
Paul Anthony Lapiana Director 1 Jun 2012 Other 2237245
Andre Theodore Carrier Chief operations officer 1 Apr 2013 Other 2257728
Rashid Ismail President and chairman 1 Apr 2013 Other 5860331
Elizabeth Mary Forget Director and chairman 1 Jun 2013 Other 2767945
Jeffrey Paul Halperin Chief compliance officer, broker-dealer 1 Aug 2013 Other 2899327
Tyla Lynn Reynolds Secretary 1 Mar 2014 Other xxx-xx-xxxx
Robert Joseph Costello Chief operations officer 1 Jun 2014 Other 1349716
Sean Andrew Murphy Vice-president 1 Jul 2014 Other 1963911
David Myers Mink Chief operations officer 1 Sep 2014 Other 2606831
Tina Marie Honkus Vice-president, licensing and registration 1 Dec 2014 Other 1288648
Orlando Rafael Jr Cruz President and director 1 Dec 2014 Other 2311194
Myles Joseph Lambert Director 1 Feb 2015 Other 3107551
Amy Francella Vp & associate general counsel 1 Nov 2015 Other 1881552
Orlando Rafael Jr Cruz President and director 1 Mar 2016 Other 2311194
Mary Bea Wilkinson Director 1 Mar 2016 Other 2159909
Massachusetts Mutual Life Insurance Company Direct owner 1 Jul 2016 75% - 100% 04-1590850

Based in Springfield

The principal office where Metlife Securities Inc. performs its advisory services is located at 1295 State Street, Springfield, MA 01111 The mailing address of the firm is 1295 State Street, Springfield, MA 01111. An additional office of the firm is in Shelton, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-638-8378. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at metlife.com.

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