With over over 17,000 financial advisors and $2.2 trillion in client assets Merrill Lynch is among largest full-service brokerage companies in the U.S. Visit Merrill Edge review for self-directed brokerage account review. The banking, credit and trust services sold by the Private Wealth Advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks. The second type of fee is the Style Manager Expense Rate. There is always the potential of losing money when you invest in securities. Give us a call at 1.866.706.8321 If you're a retail investor(250k-1mill) you're getting the highest fees usually, 1-5m is a different set of fees that's usually 25-50bps lower on average , 5-10 is another shift down and 10+ puts you in a whole new class of investors that changes the fee structure entirely. Merrill Lynch is cutting account fees by about 20% for some customers who pay for advice. 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. 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. The Investment Advisory Program provides you with the personalized attention of a Merrill Lynch financial advisor and access to the investment insights of Merrill Lynch all in service to your goals and priorities. Their average advisory fee percentage is 1.30% and their average mutual fund and ETF expense ratio is 0.76% for a total fee of roughly 2%. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of BofA Corp. Each client will negotiate a Merrill Lynch Fee Rate with his or her advisor that is less than the maximum rates set by Merrill Lynch. All rights reserved. He has 25 years investment experience with senior positions at AXA, Union Bank of Tokyo, Nomura, Rothschild and Paine Webber. For more information, please see the Program Brochure. BA from Tulane University and MBA University of Edinburgh, Scotland. At Merrill, we believe that your investments should be a reflection of you—your life, your priorities, your goals. You pay a customized fee subject to a maximum rate based on strategy type. All rights reserved. If you choose a strategy managed by an investment manager, you will also pay a style manager fee. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are 2 The Investment Advisory Program fee is a combination of the fee rate for our Services, referred to as the “Merrill Lynch Fee Rate,” and, if applicable, the expense rate for the Style Manager’s services with respect to each Style Manager Strategy in an Investment Advisory Program account, referred to as the “Style Manager Expense Rate,” and is expressed as a percentage of assets, applied monthly to an Investment Advisory Program account. Merrill offers a broad range of brokerage, investment advisory and other services. The Merrill Lynch Investment Advisory Program is an investment advisory service sponsored by Merrill.Merrill offers a broad range of brokerage, investment advisory and other services. At Merrill Lynch, you can choose from one or more programs and services based on your individual objectives, investment style, need for ongoing advice and interest in particular solutions. Merrill offers a broad range of brokerage, investment advisory … The banking, credit and trust services sold by the Private Wealth Advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks. We are not responsible for and do not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered on other websites. 1 Fiduciary Advisory Services is an investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”). © var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Clicking CONTINUE will take you to a website that PBIG is not affiliated with and may offer a different privacy policy and level of security. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. Subject to our sole discretion, we may consider, in addition  to the assets in your Investment Advisory Program account, certain assets and liabilities at Merrill Lynch held by you or others in determining the applicable Merrill Lynch Fee Rate from month to month. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … Merrill Edge, available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), consists of Merrill Edge Advisory Center (investment guidance) and self-directed online investing. That’s why we offer the Merrill Lynch Investment Advisory Program. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. You’ll work closely with your dedicated advisor for personalized advice and managed portfolios that fit your long-term objectives. One Bryant Park New York, NY 10036 . Connect with an advisor and starta conversation about your goals. 2 The Investment Advisory Program fee is a combination of the fee rate for our Services, referred to as the “Merrill Lynch Fee Rate,” and, if applicable, the expense rate for the Style Manager’s services with respect to each Style Manager Strategy in an Investment Advisory Program account, referred to as the “Style Manager … This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. SEC Share Class Selection Disclosure Initiative. Investments involve risk, including the possible loss of principal investment. Clients enrolled in Preferred Rewards receive a discount off the Merrill Guided Investing program’s annual asset-based fee of 0.45%, and the Merrill Guided Investing with an Advisor and Merrill Edge Advisory Account programs’ annual asset-based fee of 0.85% for any of their 215 accounts enrolled in the respective advisory … You’ll work closely with your dedicated advisor for personalized advice and managed portfolios that fit your long-term objectives. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. This in­formation should not be construed as investment advice and is subject to change. The data showed that Merrill Lynch had the highest average expense ratios on ETFs and mutual funds (0.68%) and the third highest average advisory … For an annual asset-based fee, SPA clients receive (except as otherwise indicated) manager identification services, Merrill execution, Merrill custodial services, and other This fee applies if you chose a Style Manager Strategy, and … Clients enrolled in Preferred Rewards receive a discount off the Merrill Guided Investing program's annual asset-based fee of 0.45%, and the Merrill Guided Investing with an advisor and Merrill Edge Advisory Account programs' annual asset-based fee of 0.85% for any of their accounts enrolled in the respective advisory … 888.204.3287 . Fees and commissions may vary, but hypothetically, an investor with $1 million in a fee-based retirement account at Merrill would be charged about 1%, or $10,000, annually. INVESTMENT ADVISORY PROGRAM FEES You pay us an IA Program fee (payable monthly or quarterly depending on the IA Program) based on the value of the assets in your account at the annualized fee rates listed below: • IAP – Advisor-based advice on, and access to, a full list of investments and managed strategies for a … Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. 2 The Investment Advisory Program fee is a combination of the fee rate for our Services, referred to as the “Merrill Lynch Fee Rate,” and, if applicable, the expense rate for the Style Manager’s services with respect to each Style Manager Strategy in an Investment Advisory Program account, referred to as the “Style Manager … This Brochure relates to the Merrill Lynch Strategic Portfolio Advisor Service (“SPA” or“Program”), an investment advisory service offered by Merrill. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … The maximum rates charged for the Merrill Lynch Fee Rate are 2.20% of AUM for accounts below $5 million and 2.00% of AUM for accounts of $5 million or more. This in­formation should not be construed as investment advice and is subject to change. You should consult your legal and/or tax advisors before making any financial decisions. “The Merrill Lynch One investment advisory program has been a tremendous success based on client experience and asset growth, and is ahead of expectations,” he said. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Merrill Lynch is the wealth management division of Bank of America. 1 Merrill Lynch Institutional Investment Consulting Program BROCHURE June 15, 2020 . Subject to our sole discretion, we may consider, in addition  to the assets in your Investment Advisory Program account, certain assets and liabilities at Merrill Lynch held by you or others in determining the applicable Merrill Lynch Fee Rate from month to month. 1 Fiduciary Advisory Services is an investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”). Merrill Lynch INVESTMENT ADVISORY PROGRAM WRAP FEE PROGRAM BROCHURE Please retain for your records . Bank of America Adds 40 Model Portfolios to Merrill Lynch Investment Advisory Program New Investment Manager Model Portfolios Offer Clients More Choice and Flexibility, With Guidance From the Company’s Chief Investment Office. Merrill Lynch Investment Advisory Program. Throughout your relationship with us, you’ll have access to ongoing monitoring of your performance, periodic rebalancing and regular reviews so you’ll always know where you stand and can take advantage of new opportunities in the market. Other fees and expenses may apply. Through the Merrill Lynch Investment Advisory Program, you’ll have access to: A dedicated advisor who gets to know you 101 Hudson Street Jersey City, NJ 07302 800.637.7455 . "The biggest offender was Merrill Lynch, who had the highest average expense ratios on mutual funds and ETFs (0.68 percent) and the third highest average advisory fee (1.3 percent) for an average total fee to the client of 1.98 percent. A Business Owner Dedicated to Making an Impact, Insights to help keep your priorities front and center, Industry-leading research and expert analysis are here to help you stay ahead. Strategic Portfolio Advisor. BofA Merrill Lynch Global Research was named the top global research firm in 2019 by Institutional Investor for the seventh time since the ranking began in 2011. Managed Account Advisors LLC . In 2001, he founded Craigmillar LLC, an investment … Connect with an advisor and starta conversation about your goals. That’s why we offer the Merrill Lynch Investment Advisory Program. Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. Investment, insurance and annuity products: © var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Merrill Lynch Investment Advisory Program Agreement (sample) Best Interest Disclosure Statement. Clicking RETURN TO PBIG will take you back to the previous page. Additional information is available in our Client Relationship Summary. Investments involve risk, including the possible loss of principal investment. Merrill Lynch, a division of Bank ... fee-based investment advisory program, called Merrill Lynch One. Where do I find more information? Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. www.ml.com Bank of America Coronavirus Resource Center, Advice tailored to your specific investment needs, A comprehensive financial strategy and recommendations to help grow and preserve your wealth, Choice to manage day-to-day investment decisions, or have your advisor do it for you, Investment professionals who draw from research and insights to help make sense of the financial landscape and markets, A broad selection of investment solutions, including custom managed portfolios driven by the thought leadership and methodologies of our Chief Investment Office, Investment recommendations consistent with your risk tolerance, liquidity needs, time horizon and goals, Ongoing performance monitoring to help keep you on track, Regular reviews, easy-to-read documents and a single agreement, An annual fee based on a percentage of the assets in your account. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Advisory firm Personal Capital examined data from 155,924 of its users to see how much customers pay in both advisory and mutual funds/ETFs fees at top 11 full service brokerage houses. There is always the potential of losing money when you invest in securities. Throughout your relationship with us, you’ll have access to ongoing monitoring of your performance, periodic rebalancing and regular reviews so you’ll always know where you stand and can take advantage of new opportunities in the market. You should consult your legal and/or tax advisors before making any financial decisions. It is provided for informational purposes only and is not intended to be either a specific offer by Bank of America, Merrill or any affiliate to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available. Advice tailored to your specific investment needs, A comprehensive financial strategy and recommendations to help grow and preserve your wealth, Choice to manage day-to-day investment decisions, or have your advisor do it for you, Investment professionals who draw from research and insights to help make sense of the financial landscape and markets, A broad selection of investment solutions, including custom managed portfolios driven by the thought leadership and methodologies of our Chief Investment Office, Investment recommendations consistent with your risk tolerance, liquidity needs, time horizon and goals, Ongoing performance monitoring to help keep you on track, Regular reviews, easy-to-read documents and a single agreement, An annual fee based on a percentage of the assets in your account. CONVERSION PAINS Merrill offers a broad range of brokerage, investment advisory … 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.”). 1 Preferred Rewards for Wealth Management Program. Give us a call at 1.866.706.8321 1 The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. Merrill Lynch, Pierce, Fenner & Smith Incorporated . Investing involves risk. A digital advisory program with or without an advisor: Clients who are comfortable using online tools that are looking for a low-cost program could consider the Merrill … SEC Share Class Selection Disclosure Initiative. October 28, 2019 at 8:00 AM Eastern Bank of America today announced that it has added 40 … Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets. Client Relationship Agreement (sample) At Merrill, we believe that your investments should be a reflection of you—your life, your priorities, your goals. 1 The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. Investment, insurance and annuity products: Merrill Lynch Life Agency Inc. is a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. 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