Lorna R. Sabbia
CRD#: 1873495
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Lorna R Sabbia
Professional summary
Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.
That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.
Lorna R Sabbia, CIMA®, who also goes by Lorna Rose Sabbia, was a registered financial professional .
Lorna is a previously registered financial professional and started their career in finance in 1993. Lorna had worked at 4 firms and has passed the Series 63, SIE, Series 7 and Series 24 exams.
Biography
I'm a 28-year veteran of Bank of America and currently serve as Head of Retirement & Personal Wealth Solutions. I'm responsible for the Financial Life Benefits business which encompasses 401(k), Equity and Health Benefit plans for companies of all sizes, client service and management, plan participant experience, retirement research and insights and distribution.
Previously, I was Head of Managed Solutions, leading Merrill’s discretionary and non-discretionary fee-based investment platforms, the global mutual fund and ETF offerings, and relationship management with third-party investment partners. I drove the creation and implementation of Merrill Lynch One, the largest and most successful launch of an investment advisory platform in Merrill’s history.
Prior to that, I was Head of Merrill’s Client Solutions Group, Head of Sales and Marketing for Merrill Lynch Trust Company (now part of Bank of America Private Bank), and from 2002 to 2006, I served as National Sales Manager for Merrill Lynch Investment Managers. I began my career at Merrill as a specialist for nearly eight years in two divisions, New York and New England, across three different disciplines.
I earned a Bachelor of Science degree in Business Administration from Boston University. I'm a member of Bank of America’s management and operating committees, Executive Sponsor of the company’s Diverse Leader Sponsorship Program and serve as Market Sponsor for the New Hampshire market. I was a member of Bank of America’s Global Diversity & Inclusion Council for 10 years, including six years as vice chair. I'm also Chair Emeritus for the Money Management Institute’s Board of Governors.
I'm a member of several organizations including the Women’s Leadership Board at the Women and Public Policy Program at the Harvard Kennedy School, and the Women Against Alzheimer's Leadership Council. I serve as a board member for Home Instead, a global leader in home care services, as well as More Than Words, a Boston-based job training and youth development program.
Question & Answer
Are you a "fiduciary"?
No
Aliases
Lorna Rose Sabbia
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.
CRS (Client Relationship Summary)
The CRS(Customer Relationship Summary) document is not provided.
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
Education
Questrom School of Business, Boston University
1988
Experience
Past
September 19, 2006 - May 21, 2026
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
RIA
CRD#: 7691
BOSTON, MA
Past
September 19, 2006 - May 21, 2026
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
BD
CRD#: 7691
BOSTON, MA
Past
September 19, 2002 - September 19, 2006
MERRILL LYNCH INVESTMENT MANAGERS LP
RIA
CRD#: 105068
PLAINSBORO, NJ
Past
September 19, 2002 - September 19, 2006
FAM DISTRIBUTORS, INC.
BD
CRD#: 4100
NEW YORK, NY
Past
July 11, 1996 - May 26, 2006
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
RIA
CRD#: 7691
PLAINSBORO, NJ
Past
April 26, 1995 - May 26, 2006
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
BD
CRD#: 7691
NEW YORK, NY
Past
January 20, 1993 - February 8, 1995
KIDDER, PEABODY & CO. INCORPORATED
BD
CRD#: 7613
NEW YORK, NY
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
MERRILL LYNCH PIERCE FENNER & SMITH | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | MERRILL LYNCH PIERCE FENNER & SMITH INC.
CRD#: 7691 / SEC#: 801-14235, 8-7221
RIA
Registered Investment Advisory firm - SEC (12/8/1978 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Visual representation of state registrations
This advisor is not registered in any state.
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Current Firm
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
MERRILL LYNCH PIERCE FENNER & SMITH | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | MERRILL LYNCH PIERCE FENNER & SMITH INC.
CRD#: 7691 / SEC#: 801-14235, 8-7221
RIA
Registered Investment Advisory firm - SEC (12/8/1978 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
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Contact information
Main Address
One Bryant Park, New York, NY 10036
Mailing Address
150 N College St Nc1-028-29-04, Charlotte, NC 28255
Phone number
(800) 637-7455
Established
Delaware since 11/10/1958
Firm type
Corporation
Fiscal year end
December
Firm Size
Large
# of Employees
33,689
SEC notice filing (49 States and Territories)
FINRA licenses (53 States and Territories)
Documents
Part 2 Brochures
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| BAC NORTH AMERICA HOLDING COMPANY | SHAREHOLDER | |
| AXELROD, SUSAN F | CHIEF COMPLIANCE OFFICER | 6949587 |
| FAHMY, NANCY MONIR | DIRECTOR | 2689751 |
| GELLENE, MATTHEW THOMAS | DIRECTOR | 1977160 |
| HANS, LINDSAY DENARDO | STATE DESIGNATED PRINCIPAL & DIRECTOR | 4429443 |
| HEATON, DAVID CARLETON JR | CHIEF LEGAL OFFICER | 5972432 |
| MOONEY, SARA RATHBONE | CHIEF FINANCIAL OFFICER | 7616382 |
| SABBIA, LORNA ROSE | DIRECTOR | 1873495 |
| SANTANNA, VINCENT C. | CHIEF OPERATIONS OFFICER & FINOP | 5290525 |
| SCHIMPF, ERIC A | DIRECTOR & CHIEF EXECUTIVE OFFICER, STATE DESIGNATED PRINCIPAL | 2494318 |
Regulatory assets under management
| Total Number of Accounts | 3,085,811 |
| AUM (Assets Under Management) | $ 1,511,090,925,436 |
Disclosures
| Regulatory Event | 610 |
| Civil Event | 4 |
| Arbitration | 878 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 12/15/2025 | ||
| 11/25/2024 | ||
| 08/24/2023 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
Company Information
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Managing Director, Head of Retirement & Personal Wealth SolutionsCRD#: 7691TRUST BUT VERIFY
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