I moved to Merrill Edge from Fidelity in 2009 because of the 100 free trades, which I found out are not free because I am not sure I am receiving the best execution price plus my cash earns almost zero percent. Merrill Edge is a discount brokerage from Bank of America. To learn more about Merrill pricing, visit our Pricing page. For purposes of this offer, qualifying net new assets are calculated by adding total incoming assets or transfers (including cash, securities and/or margin debit balance transfers) from external accounts, and subtracting assets withdrawn or transferred out of the account within the preceding 24 weeks. You can manage your everyday financial needs while supporting your long-term investment goals through a broad range of investment optionsâall in a single account. Merrill Guided Investing is offered with and without an advisor. The firm is headquartered in New York City and has been a trusted bank since 1914. Merrill Lynch Wealth Management makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation. Get Deal. This offer may not be used as an inducement to sell any kind of insurance, including annuities. Get to know some of our other financial advisors. The most popular card BofA gained in the deal was Merrill Lynch Access, a deferred debit card for clients who have a minimum of $500,000 in a Merrill's cash-management account, says Brian Riley, research director in Needham, Mass.-based TowerGroup's Bank Cards practice. Simple flat-rate pricing– Pay only $6.95 per online equity and ETF trade with no balance minimums, no trade minimums. To apply for the card, you must call Merrill Lynch at 800-637-7455. By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. Merrill Edge Promotion Up to $600 when you open a Merrill Edge account with at least $20K. Dynamic Insights: Launched in 2020, Merrill Edge’s new AI powered account dashboard, called Dynamic … If your account is enrolled in an investment advisory program, such as Merrill Edge Advisory Account or Merrill Guided Investing, any cash reward deposited into your account will be subject to the program fee and other terms of the investment advisory program. ** Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge ® Self-Directed brokerage account. Footnote Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for information including pricing, rebalancing, and the details of the investment advisory program. Merrill made it easy for brokers to offer the CMA without the fear of increasing their administrative duties by setting up a separate service team. Other fees may apply. Or you can qualify for thirty $0 online equity and ETF trades per month. Investing involves risk. For us, success is about helping you reach your goals, not a number. The minimum qualifying deposit to receive a cash bonus is $10,000. The Visa Signature credit card is a *credit* card, not a debit card. $0 option trades are subject to a $0.65 per-contract fee. Bank of America operates from coast to coast in the United States. Investment advisor registration does not imply a certain level of skill or training. Assets transferred from other accounts at Bank of America, MLPF&S, U.S. Trust, or 401(k) accounts administered by MLPF&S do not count towards qualifying net new assets. 1. Merrill Edge is part of one of the largest banks in the world. Overview of Merrill Edge When Bank of America purchased Merrill Lynch in 2008, the new financial conglomerate needed an on-line discount broker-dealer. Merrill Lynch Merrill Edge/New Accounts MSC NJ2-140-02-15 P.O. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Maintain qualifying balance for at least 90 days to receive $250 bonus. II. 1Merrill Edge Self-Directed Investing CMA accounts and CMA accounts enrolled in Money Manager Services are not eligible for the CMA Annual Account Fee Waiver Program. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. The Merrill IRA or CMA may be a Merrill Edge Self-Directed account, Merrill Edge Advisory Account or Merrill Guided Investing account. 2. Please consult your tax advisor. It also doubles as your ATM card. Merrill Edge Account Features. Your recommended investment strategy will be based solely on the information you provide to us for this specific investment goal and is separate from any other advisory program offered with us. Learn more at StockBrokers.com popup. Merrill Lynch is known for its expert personalized service to high net worth and ultra high net worth clients, with the average account holder having $250,000 to $1,000,000 on deposit. Merrill Edge reserves the right to change or cancel this offer at any time, without notice. About Merrill Edge Promotions. MLPF&S and Managed Account Advisors LLC ("MAA") are registered investment advisers. Two funds are available from BlackRock, the BIF Money Fund (symbol CMA), which pays 0.01%, and the BIF Treasury Fund (CMATF), which yields 0.01%. Get Cash Bonus. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as âMLPF&Sâ or âMerrillâ) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (âBofA Corp.â). Please contact us for more information. Merrill Edge Self-Directed Investment CMA Account Agreement Changes Effective 11.1.13, the Merrill Edge® Self-Directed Cash Management Account® (CMA® Account) Agreement is hereby amended. After 90 days of meeting the funding criteria described in Step 2, your cash reward will be determined by the qualifying net new assets in your account (irrespective of any losses or gains due to trading or market volatility) as follows: Your one-time cash reward will be deposited into your Merrill Edge IRA or CMA within two weeks following the end of the 90 day period. The online option application can be used to apply for individual and joint accounts. It has a $95 annual fee and earns 1 Merrill Point per dollar spent. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. Merrill Edge is the discount brokerage wing of Merrill Lynch, who now operates under the umbrella of Bank of America. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. BofAS is a registered broker-dealer, Member SIPC popup, and wholly owned subsidiary of Bank of America Corporation. Merrill Lynch Life Agency Inc. ("MLLA") is a licensed insurance agency and wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. How does it compare to Fidelity? Corresponding cash bonus will be credited … For active traders, Merrill Edge offers its MarketPro desktop trading platform, which is feature-rich but not suitable for day trading. Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. StockBrokers.com evaluated brokers using 236 variables across 8 categories. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. Merrill Lynch is the marketing name for Merrill Lynch and Merrill Edge®, which are made available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”). Eligible Merrill Edge IRAs limited to Rollover, Traditional, Roth and Sole-Proprietor SEP only. Merrill Edge CMA Access Visa card: No charge: ATM Transaction Fee: No charge. Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. For more information about this award, go to Institutional Investor popup. Do you want the ability to automatically reinvest cash dividends? If your account is enrolled in an investment advisory program, such as Merrill Edge Advisory Account or Merrill Guided Investing, any cash reward deposited into your account will be subject to the program fee and other terms of the investment advisory program. The Fine Print. Some ATM owners/operators may charge a fee for the use of their machines. Visa International Transaction Fee : 2% of the U.S. dollar amount of all transactions occurring outside the U.S. that are submitted to Visa in a currency other than U.S. dollars: Visa cash advance fee (non-ATM) 0.25% of principal ($2.50 … Banking products are provided by Bank of America, N.A. Merrill Edge CMA Access ... Merrill Edge Self-Directed was evaluated as one of 15 online brokers in StockBrokers.com 2020 Online Broker Review published on January 21, 2020. Please contact us for more information. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. Merrill Edge was created to merge Bank of America Online Investing and Merrill Lynch’s research, investment tools, and call center, counsel. The Merrill Edge website has excellent life-stage planning tools that are available to Guided Investing clients. Open Merrill Edge Account Other Broker Promotions All Brokerage Promotions » Merrill Lynch Edge Details Offer valid only for new Merrill Edge self-directed IRA and CMA accounts. Fees are subject to change. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen. If there are multiple owners on this account, the information you provide should reflect the views and circumstances of all owners on the account. Your account agreement will be amended accordingly. Footnote Merrill Edge Self-Directed was evaluated as one of 15 online brokers in StockBrokers.com 2020 Online Broker Review published on January 21, 2020. Rankings and recognition from StockBrokers.com are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement. This change does not require that you take any action. You can select the Return to Merrill Lynch button now to return to the previous page. Visit our Rollover IRA page or call a Merrill Edge® rollover specialist at 888.637.3343 for more information about your choices. SEC Share Class Selection Disclosure Initiative. Merrill Edge is our top pick in 2020 for investors looking to manage banking and brokerage under one roof. Please contact us for more information. Merrill Lynch may issue an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of the reward. Many of your account’s current benefits will be offered in the CMA Account, including reimbursements of up to $200 per year for fees … Merrill Edge has a default cash sweep option with a very low interest rate. Get Up to $3,500. If you are the custodian of this account for the benefit of another person, please keep in mind that these assets will be invested for the benefit of the other person. BofA Global Research is research produced by BofA Securities, Inc (“BofAS”) and/or one or more of its affiliates. and affiliated banks, Members FDIC and wholly owned … Merrill Lynch as of September 4 will stop sweeping cash from brokerage accounts into money-market funds and instead funnel the money into deposit accounts at a … Other Income (explain below) 401(k)s and IRAs) less the total . MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisers. A Merrill Edge Self-Directed CMA account is a securities account that offers you (hereafter referred to as “you” or “account holder” or “each person named on the account”) access to a full range of investment products and services. 1 As of July 27, 2020, the United States Postal Service is unable to deliver mail to the following twenty-three (23) countries: Bermuda, Bolivia, Botswana, Brunei, Cayman Islands, Costa Rica, Cuba, Dominican Republic, Ecuador, Fiji, French Polynesia, Guatemala, Haiti, Honduras, Iraq, Libya, Mauritius, Nepal, Panama, Papua New Guinea, South Africa, Venezuela and Yemen. All securities are subject to credit approval and Bank of America, N.A. $0 option trades are subject to a $0.65 per-contract fee. Merrill, Merrill Lynch and Merrill Edge investment advisory programs are offered by MLPF&S. MLPF&S and Managed Account Advisors LLC (“MAA”) are registered investment advisers. I have a great rep in Jacksonville because I am considered Premier because I maintain 3 accounts (CMA, Roth IRA and IRA) and my balances are over $1million. Merrill Edge is a top broker that offers perks including $0 ATM charges and in-person customer support. Unfortunately, there is no easy online form that can be used for wire withdrawals. The Merrill IRA or CMA may be a Merrill Edge Self-Directed account, Merrill Edge Advisory Account or Merrill Guided Investing account. You may be eligible for a different or better offer. The CMA … The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. On top of this, BoA Preferred Rewards members receive access to the firm’s proprietary Merrill Edge MarketPro® investment research service if they reach the “Platinum” or “Platinum Honors” tiers. You may also be able to obtain some or all of these types of services from other firms, and if they are available, the fees associated with them may be lower or higher than the fees we charge. Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Bank of America Coronavirus Resource Center. The Best In Class rating recognizes brokers that ranked in the top 5 in that category. The Merrill IRA or CMA may be a Merrill Edge Self-Directed account, Merrill Edge Advisory Account or Merrill Guided Investing account. The firm is headquartered in New York City and has been a trusted bank since 1914. Compare Promotions. And it has branches in more than half of U.S. states, with a total of about 4,300 branches. Plus, Merrill clients have access to customer support at about 4,300 Bank of America locations. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement. SUBSCRIBE: http://bit.ly/FI-SUBSCRIBE HIT THE BELL TO BE NOTIFIED OF NEW CONTENT! Merrill Edge IRA Overview Merrill Edge, or ME, is the on-line retail brokerage arm of Merrill Lynch Bank of America. Offer is limited to one per account type (CMA or IRA); two total per accountholder (or per all account holders of a joint account). The primary drawbacks revolve around the broker’s basic mobile apps and lack of order entry capabilities: no trading on the fly, no conditional orders, max two legged … Merrill Edge Money Market Fund Rates The broker also provides a money market mutual fund to serve as an account’s core cash position. Merrill Edge (a subsidiary of Bank of America) offers stock trades at $2.95 standard fee per trade and options trading at $0 + $0.75 per contract. Estate Executor/Administrator Information (continued) Financial Information . SUBSCRIBE: http://bit.ly/FI-SUBSCRIBE HIT THE BELL TO BE NOTIFIED OF NEW CONTENT! Merrill Edge® Self-Directed CMA Merrill Lynch Direct Deposit Program BANA Clients with $250,000 or more in eligible statement-linked assets may also designate one of the following as an automatic cash sweep option: BIF Tax-Exempt Fund A state fund under the BIF Multi-State Municipal Series Trust† They are currently offering an increased cash bonus of up to $1,000 for moving “new money” or assets over to them from another brokerage firm. Other fees and restrictions may apply. Read our in-depth review to find out if it's a good fit for you and your investing needs. Industry-leading research and expert analysis are here to help you stay ahead. 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