# Merrill Lynch, Pierce, Fenner & Smith Incorporated: fundraiser > Merrill Lynch, Pierce, Fenner & Smith Incorporated placed 21 company rounds filed with the SEC, most recently Dec 2025. Who they placed, by sector and size. Source: https://millionrounds.com/providers/merrill-lynch-pierce-fenner-and-smith-incorporated (Millionrounds; every figure on the page links to its filing or article) [Fundraisers](https://millionrounds.com/fundraisers) / Merrill Lynch, Pierce, Fenner & Smith Incorporated Fundraiser Registered broker-dealer # Merrill Lynch, Pierce, Fenner & Smith Incorporated FINRA 7691 ยท placing rounds since Jan 2016 **21** company rounds placed **2** in the last two years, last Dec 2025 **$95.9B** sold in the rounds they placed **3.9%** typical commission; the median firm takes 4.9% Named on 324 Form D filings as paid to sell the offering: 21 for operating companies, 302 for funds, 1 for real estate. 14 registered agents named. ## Quarter by quarter Company rounds they placed in each quarter, from the filings. **1** 23Q3 **1** 23Q4 **1** 24Q4 **1** 25Q4 ## What they place - Insurance **63%** - Other **11%** - Other Banking and Financial Services **9%** - Electric Utilities **6%** - Other Energy **6%** - Other Health Care **3%** - Telecommunications **3%** ## How big the rounds are - Under $1M **4** - $1M to $5M **2** - $5M to $20M **2** - $20M to $100M **5** - $100M+ **17** ## Where the companies are **IN** 11 **OH** 6 **MO** 3 **NC** 3 **NE** 2 **MA** 2 **PA** 1 **CA** 1 ## Rounds they placed [Company rounds](https://millionrounds.com/providers/merrill-lynch-pierce-fenner-and-smith-incorporated)[Everything, funds and real estate too](https://millionrounds.com/providers/merrill-lynch-pierce-fenner-and-smith-incorporated?show=all) Filed Issuer Industry Sold Dec 2025 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, John M. Nash, Maurice Storch Insurance **$2.7B** Dec 2024 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, John M. Nash, Maurice Storch Insurance **$2.6B** Dec 2023 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, John M. Nash, Maurice Storch Insurance **$2.4B** Jul 2023 Byron Devon Lynch Iv Estate Agents: BANK OF NEW YORK MELLON CORPORATION Other **-** Dec 2022 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, John M. Nash, Maurice Storch Insurance **$2.0B** Dec 2021 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, Dane Runia, John M. Nash Insurance **$1.7B** Mar 2021 Pinnacle West Capital Corp Electric Utilities **-** Dec 2020 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, Dane Runia, Michael D. Whitehurst Insurance **$2.3B** Jan 2020 Generate Capital, Inc. Other Energy **$653M** Dec 2019 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, Michael D. Whitehurst, Patricia S. Wenzel Insurance **$1.8B** Dec 2018 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, Michael D. Whitehurst, Patricia S. Wenzel Insurance **$1.5B** Dec 2017 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, Michael D. Whitehurst, Patricia S. Wenzel Insurance **$1.1B** Sept 2017 BRIGHTHOUSE LIFE INSURANCE Co Agents: Thomas J. Hummer Insurance **$75M** Apr 2017 Massachusetts Pathways to Economic Advancement 2016 LLC Agents: Merrill Lynch Pierce Fenner & Smith Incorporated Other **$12M** Apr 2017 Nationwide Private Placement Variable Account Agents: Cynthia Voth Insurance **$501k** Dec 2016 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus, Michael D. Whitehurst Insurance **$783M** Oct 2016 MetLife Insurance Co USA Agents: Thomas J. Hummer Insurance **$75M** Aug 2016 Green Plains Inc. Other Energy **-** Jul 2016 Harrington Reinsurance Holdings Ltd Insurance **$552M** Jun 2016 Nationwide Private Placement Variable Account Agents: Matthew Stolle Insurance **$968k** Jan 2016 Nationwide Private Placement Variable Account Agents: Race Stowell Insurance **$2.1M** Dec 2015 Lincoln Life Flexible Premium Variable Life Account Z Agents: Andrew P. Kraus Insurance **$431M** Nov 2015 MetLife Insurance Co USA Agents: Thomas J. Hummer Insurance **$75M** May 2015 Nationwide Private Placement Variable Account Agents: David Bass Insurance **$435k** Mar 2015 Nationwide Private Placement Variable Account Agents: Edward Ahn Insurance **$54k** Oct 2014 Nationwide Private Placement Variable Account Agents: David Bass Insurance **$3.1M** Sept 2014 Cogeco Cable, Inc. Telecommunications **$175M** May 2014 ERAC USA Finance LLC Other Banking and Financial Services **$500M** Jan 2014 MetLife Insurance CO of Connecticut Agents: Thomas J. Hummer Insurance **$75M** Jan 2014 Social Finance NY State Workforce Re-Entry 2013 LLC Other **$14M** Mar 2012 ERAC USA Finance LLC Other Banking and Financial Services **$300M** Mar 2012 ERAC USA Finance LLC Other Banking and Financial Services **$300M** Mar 2012 Amerisourcebergen Corp Other Health Care **-** Feb 2012 BANGOR HYDRO ELECTRIC Co Electric Utilities **$70M** Feb 2012 Conagra Foods Inc /De/ Other **-** From the SEC's Form D data sets: the issuer named this firm as paid to sell the offering. The latest 40 shown. ## Often on the same rounds Other fundraisers named on the same filings: the firms they syndicate with. [**Newport Group Securities, Inc.** 19 rounds together](https://millionrounds.com/providers/newport-group-securities-inc)[**M Holdings Securities Inc.** 17 rounds together](https://millionrounds.com/providers/m-holdings-securities-inc)[**Valmark Securities, Inc.** 15 rounds together](https://millionrounds.com/providers/valmark-securities-inc)[**Lion Street Financial** 15 rounds together](https://millionrounds.com/providers/lion-street-financial)[**Kestra Investment Services LLC** 15 rounds together](https://millionrounds.com/providers/kestra-investment-services-llc)[**Morgan Stanley Smith Barney, LLC** 12 rounds together](https://millionrounds.com/providers/morgan-stanley-smith-barney-llc) ## Founders who worked with them No one has said so yet. Worked with them? Say so ## A badge for their site It shows their latest standing in the quarterly rankings and links back here. ## Is this Merrill Lynch, Pierce, Fenner & Smith Incorporated? 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