“We’re seeing a huge amount of hybrid business. More and more Merrill Lynch and private bank clients are looking for self-directed accounts, Levine said. It provides different services, such as Merrill Edge Self Directed, where users can trade exchange-traded funds and options, with no annual account fees or balance minimums, though options contract and other fees may apply. Merrill Edge provides access to both online and advised investing, as well as trading, brokerage and banking services. “These are all strong accounts,” he said, noting that the average size of an account is $110,000, up from $60,000 five years ago. “We grow about 100,000 a quarter,” Levine said last week at the BancAnalysts Association of Boston Conference. Merrill Edge’s client assets have grown by 32% year-over-year - or almost $90 billion in client assets - to $353 billion in 3.2 million accounts, according to Aron Levine, BofA’s president of preferred banking. All rights reserved.Bank of America is enjoying significant growth in its Merrill Edge business and preparing to hire more bank-based advisors, according to a senior executive. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Are Not FDIC InsuredĪre Not Insured by Any Federal Government AgencyĪre Not a Condition to Any Banking Service or Activityīank of America Corporation. and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Both are wholly owned subsidiaries of BofA Corp.īanking products are provided by Bank of America, N.A. Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, or U.S.
("MLLA") is a licensed insurance agency and wholly owned subsidiary of BofA Corp.īank of America, N.A., MLLA and MLPF&S, a registered broker-dealer, registered investment adviser, and Member Securities Investor Protection Corporation (SIPC) Securities Investor Protection Corporation (SIPC), are wholly owned subsidiaries of Bank of America Corporation ("BofA Corp.").
#Merrill edge registration#
Investment adviser registration does not imply a certain level of skill or training. MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisers. Merrill, Merrill Lynch and Merrill Edge investment advisory programs are offered by MLPF&S. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). Additional information is available in our Client Relationship Summary (PDF). Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Clients should consult their legal and/or tax advisors before making any financial decisions. There is always the potential of losing money when you invest in securities.īank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or accounting advice. System availability and response time are subject to market conditions and possible unscheduled outages.
#Merrill edge pdf#
Financial Information Routing & Executions Business Continuity Deposit Account & Money Fund Rates (PDF) in a PDF Client Relationship Summary (Form CRS) (PDF)
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