Fees based on individual transactions and/or other sales charges. Online advisory firm Personal Capital examined anonymous data from 155,924 of its user… Give us a call at 1.866.706.8321 Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. If you choose a strategy managed by an investment manager, you will also pay a style manager fee. There is always the potential of losing money when you invest in securities. 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.”). 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. 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. 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. 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. 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.. You are eligible to enroll in the Preferred Rewards for Wealth Management program if you have an active, eligible Bank of America® personal checking or Bank of America Advantage Banking account and maintain a three-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill investment … Other fees and expenses may apply. 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 … Clicking RETURN TO PBIG will take you back to the previous page. Client Relationship Agreement (sample) 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. The Fund bears reasonable expenses incurred in connection with the Fund's … Investment, insurance and annuity products: Merrill Lynch Life Agency Inc. is a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. There is always the potential of losing money when you invest in securities. Investing involves risk. You’ll work closely with your dedicated advisor for personalized advice and managed portfolios that fit your long-term objectives. 101 Hudson Street Jersey City, NJ 07302 800.637.7455 . Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets. Merrill Lynch, Pierce, Fenner & Smith Incorporated . 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. Additional information is available in our Client Relationship Summary. Merrill Lynch Investment Advisory Program. He has 25 years investment experience with senior positions at AXA, Union Bank of Tokyo, Nomura, Rothschild and Paine Webber. Investments involve risk, including the possible loss of principal investment. 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. 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 … The Merrill Lynch Investment Advisory Program is an investment advisory service sponsored by Merrill. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. 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. 1 Preferred Rewards for Wealth Management Program. 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. 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. Paying close to $1 million fees should make you feel a little queasy if you are a client of Merrill Lynch, even if your portfolio grows into the multi-millions. He has 25 years investment experience with senior positions at AXA, Union of... For Wealth Management division of Bank of Tokyo, Nomura, Rothschild and Paine Webber tax advisors making. 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