MANAGED ACCOUNT ADVISORS LLC

Managed Account Advisors is a subsidiary of NB Holdings Corporation, which was founded in 1994, and was founded in 2007 in New Jersey. Managed Account Advisors is actually a sub-subsidiary of the Bank of America Corporation, with the holding company NB Holdings being a subsidiary of Bank of America. The Managed Account Advisors company works closely with other Bank of America held subsidiaries, sponsoring programs such as the Merrill Edge Advisory Program and acting as a subsidiary of Merrill Lynch, Pierce, Fenner & Smith Incorporated. The firm acts as “an overlay program manager,” providing a variety of diversified advisory services to its clients. The company provides its line of services to individuals, various banking and financial institutions, pooled investment vehicles, and many other clients. Managed Account Advisors utilizes a fundamental analysis to create its clients’ portfolios, investing in equity and fixed income markets. The company is registered and operating in almost every state. As of 2015, the company employees 69 employees with 26 of them being professional investment advisors. Managed Account Advisors has a total of close to a quarter million clients, making up a total of 380,000 accounts. It holds almost $150 billion in assets under management, which is a large increase from its $10 billion total assets under management just five years before. Similarly, the number of accounts that it takes care of has also had a large growth, moving from just 87,000 to its current number in just 5 years. Most of its clients are individuals, with normal individuals making up one third of its total clients and high net worth individuals making up another third. Managed Account Advisors generates its revenue from a percent of its assets under management. The company’s president and director is Eugene Michael Mulligan, with John Joseph Capelli serving as the chief operating officer.