Merrill A Bank of America Company Merrill A Bank of America Company Open an account Login Open Menu bar Find answers to common questions at MerrillSchedule an Open an accountwith Merrill From $0 Stock TradesFootnote* to low‑cost managed accounts, learn how Merrill is earning your business. Options contract and other fees may applyFootnote* Invest your way with access to a wide range of stocks, options, bonds, ETFs and well-known mutual funds. Stocks & ETFs Unlimited $0 online stock and ETF trades with no trade or balance minimums.Footnote1 Other fees may applyFootnote* $0 Select toOpen a Self-Directed account Broker-assisted trades $29.95Footnote* Want $0 trades?Footnote* Learn more about StocksLearn more about ETFs Options Get unlimited $0 online option trades with no trade or balance minimums.Footnote2 $0Footnote* + $0.65Footnote* per contract Broker-assisted trades $29.95Footnote* + $0.65 per contract Exercised/assignedFootnote3 $0Footnote* per trade Learn more about Options Mutual FundsFootnote4 Load-waived funds $0 per transaction No load, no transaction fee funds (NTF) $0 per online transaction $39.95 short-term redemption applies if the fund is held less than 90 days. No load, transaction fee funds (TF) $19.95 per transaction $29.95 broker-assisted transaction Applies to buy, sell and exchanges. Learn more about Mutual Funds Fixed income & bondsFootnote5 Type(s) Online trades Broker-assisted trades Type New issues including Brokered CDs. Online trades $0 Broker-assisted trades $0 Type Treasuries, including Auction and SecondaryFootnote16 Online trades $0 Broker-assisted trades $29.95 per trade service charge Type Other Secondary trades, Corporate Bonds, Municipal BondsFootnote5, and Government agencies. Online trades $1 per bond ($10 min, $250 max) Broker-assisted trades $1 per bond ($10 min, $250 max) + $29.95 per trade service charge Learn more about Fixed Income and Bonds Margin ratesFootnote6 Margin interest rates are determined by a few factors, including the base lending rate (which resets weekly), your debit balance and your overall relationship with Bank of America® and Merrill®. For specific margin rates and our latest offers, please call us at 888.637.3343. Learn more about Margin Lending Merrill Edge Self‑Directed InvestingFootnote1 Transparent, comprehensive pricing. Affordable services on demand. Accounts to help you pursue every goal. General Investing Individual Brokerage, Joint Brokerage, Trust Account Custodial Brokerage (UGMA/UTMA), Estate Account ACCOUNT FEES Annual Account fee Minimum Investment $0 CHECK WRITING & BILL PAYMENT Web bill payment Checkbooks(s) Unlimited check writing $0 Canceled check fee $3 VISA DEBIT CARD Merrill Edge CMA Access® Visa Visa debit card ATM transaction fee $0 Not applicable to Custodial Brokerage (UGMA/UTMA), Estate Account RETURN FEES Returned deposit fee $20 Not applicable to CMA, WCMA, BIA Returned ACH debit fee Returned check fee $30 Not applicable to CMA, WCMA, BIA SPECIAL REQUEST FEES Partial account transfer fee Closeout fee $0 Bond coupon fee $5 Not applicable to Custodial Brokerage (UGMA/UTMA), Estate Account Fund transfer services returns $10 Not applicable to Custodial Brokerage (UGMA/UTMA), Estate Account, CMA, WCMA, BIA Wire transfer fee (domestic & international)† $24.95 Not applicable to Custodial Brokerage (UGMA/UTMA), Estate Account Stop payment fee $25 Not applicable to Custodial Brokerage (UGMA/UTMA), Estate Account Full account transfer feeFootnote7 $49.95 Past due exchanges for physical securities $50 Government security transfer fees $125 Register & shipFootnote8 (non-government security) $25 statement of security ownership (DRS eligible) $500 physical certificate of security (non-DRS eligible) Security reorganization (mandatory & voluntary) $0 mandatory $30 voluntary VISA TRANSACTION FEES Not applicable to Custodial Brokerage (UGMA/UTMA), Estate Account Visa® International transaction fee 0.25% of principal $2.50 minimum Visa® advance cash fee (non-ATM) 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. Select toOpen a General Investing accountLearn more about General Investing accounts Retirement Traditional IRA, Roth IRA, Inherited IRA ACCOUNT FEES Annual Account fee Minimum Investment $0 CHECK WRITING & BILL PAYMENT Web bill payment Checkbooks(s) Unlimited check writing Canceled check fee — VISA DEBIT CARD Merrill Edge CMA Access® Visa Visa debit card ATM transaction fee — RETURN FEES Returned deposit fee $20 Returned ACH debit fee Returned check fee $30 SPECIAL REQUEST FEES Partial account transfer fee $0 Full account transfer fee $0 Bond coupon fee $5 Fund transfer services returns $10 Wire transfer fee (domestic & international)† $24.95 Stop payment fee $25 Closeout fee $49.95 Past due exchanges for physical securities $50 Government security transfer fees $125 Register & ship (non-government security) $25 statement of security ownership (DRS eligible) $500 physical certificate of security (non-DRS eligible) Security reorganization $0 mandatory $30 voluntary VISA TRANSACTION FEES Visa® International transaction fee — Visa® advance cash fee (non-ATM) — Select toOpen a Retirement accountLearn more about Retirement accounts Education Custodial Brokerage (UGMA/UTMA), 529 Plan ACCOUNT FEES Annual Account feeFootnote9 Minimum Investment $0 $0 $25 for 529 Plan (Subsequent contributions $25 minimum) CHECK WRITING & BILL PAYMENT Not applicable for 529 Plans Web bill payment Checkbooks(s) Unlimited check writing $0 Canceled check fee $3 VISA DEBIT CARD Merrill Edge CMA Access® Visa Visa debit card ATM transaction fee — RETURN FEES Returned deposit fee $20 Returned ACH debit fee Returned check fee $30 $20 (for returned checks only in 529 Plan) SPECIAL REQUEST FEES Partial account transfer fee Closeout fee $0 Bond coupon fee $5 not applicable for 529 Plans Fund transfer services returns $10 not applicable for 529 Plans Wire transfer fee (domestic & international)† $24.95 $30.00 (for 529 Plans) Stop payment fee $25 not applicable for 529 Plans Full account transfer fee $49.95 Past due exchanges for physical securities $50 not applicable for 529 Plans Government security transfer fees $125 not applicable for 529 Plans Register & ship (non-government security) $25 statement of security ownership (DRS eligible) $500 physical certificate of security (non-DRS eligible) not applicable for 529 Plans Security reorganization (mandatory & voluntary) $0 mandatory $30 voluntary not applicable for 529 Plans VISA TRANSACTION FEES Visa® International transaction fee Visa® advance cash fee (non-ATM) — Select toOpen an Education accountLearn more about Education accounts While you manage life, we manage investing Online An Investment Advisory Program Just tell us your goal and Merrill investment professionals will build, monitor and rebalance your portfolio.Footnote12,13 Minimum investment $ 1,000 Annual Program Fee 0.45% Calculated and assessed monthly based on your prior month's balance.Footnote10 Other fees may applyFootnotes** New offer $ program fee for 6 months for new enrollmentsFootnote15 Must use offer code: 6FREE Footnotes**Conditions and other fees apply What it means If your account's balance at the end of May (for example) is $1,000, your fee for June would be less than $1. ($1,000 end-of-month balance Xmultiplied by .0045percent annual program fee)/divided by12 months = $0.38. This amount will vary monthly based on your month-end account balance.Footnote10 As a Bank of America Preferred Rewards member, qualify for a reduced annual program fee — your 0.45% fee could be as low as 0.30%. For example if you have a Merrill Guided Investing account with a month end balance of $1,000, next month's fee would be $0.25 as a Platinum Honors member.Footnote14 Get started onlinewith Merrill Guided Investing NEW OFFER $0 program fees Footnotes**Conditions and Open an accountat Merrill Must use offer code: 6FREE Investment balances can help you earn Preferred Rewards benefits and pricing discounts. Members enjoy program benefits including credit card rewards bonuses, discounts on home and auto loans, monthly account maintenance fee waivers and more.Footnote14 Gold $20K to <$50K 3-month combined average daily balance Platinum $50K to <$100K 3-month combined average daily balance Platinum Honors $100K to <$1MM 3-month combined average daily balance Diamond $1MM to <$10MM 3-month combined average daily balance Merrill Guided Investing Online Transparent, comprehensive pricing. Affordable services on demand. Fully managed accounts to help you pursue every goal. General Investing Individual Brokerage, Joint Brokerage, Custodial Brokerage (UGMA/UTMA) ACCOUNT FEES Annual Program feeFootnote10 0.45% Minimum Investment $ 1,000 RETURN FEES Returned ACH debit fee $0 Returned deposit fee $20 Not applicable to CMA, WCMA, BIA SPECIAL REQUEST FEES Partial account transfer fee and Closeout fee $0 Wire transfer fee (domestic & international)† $24.95 Full account transfer fee $49.95 Select toGet started with Guided InvestingLearn more about General Investing accounts Retirement Traditional IRA and Roth IRA ACCOUNT FEES Annual Program feeFootnote10 0.45% Minimum Investment $ 1,000 RETURN FEES Returned ACH debit fee $0 Returned deposit fee $20 SPECIAL REQUEST FEES Partial account transfer fee Closeout fee $0 $49.95 Wire transfer fee (domestic & international)† $24.95 Full account transfer fee $0 Select toGet started with Guided InvestingLearn more about Retirement accounts Education Custodial Brokerage (UGMA/UTMA) ACCOUNT FEES Annual Program feeFootnote10 0.45% Minimum Investment $ 1,000 RETURN FEES Returned ACH debit fee $0 Returned deposit fee $20 SPECIAL REQUEST FEES Partial account transfer fee Closeout fee $0 Wire transfer fee (domestic & international)† $24.95 Full account transfer fee $49.95 Select toGet started with Guided InvestingLearn more about Education accounts While you manage life, we manage investing Online with an Advisor An Investment Advisory Program All the benefits of Merrill Guided Investing online plus guidance from an advisor along the wayFootnote12,13 Minimum investment $ 20,000 Annual Program Fee 0.85% Calculated and assessed monthly based on your prior month's balance.Footnote11 Other fees may applyFootnotes** What it means If your account's balance at the end of May (for example) is $20,000, your fee for June would be less than $15. ($20,000 end-of-month balance Xmultiplied by .0085percent annual program fee)/divided by12 months = $14.17. This amount will vary monthly based on your month-end account balance.Footnote11 As a Bank of America Preferred Rewards member, qualify for a reduced annual program fee —your 0.85% fee could be as low as 0.70%. For example if you have a Merrill Guided Investing account with a month end balance of $20,000, next month's fee would be $11.64 as a Platinum Honors member.Footnote12 Get startedwith Merrill Guided Investing with an advisor Investment balances can help you earn Preferred Rewards benefits and pricing discounts. Members enjoy program benefits including credit card rewards bonuses, discounts on home and auto loans, monthly account maintenance fee waivers and more.Footnote14 Gold $20K to <$50K 3-month combined average daily balance Platinum $50K to <$100K 3-month combined average daily balance Platinum Honors $100K to <$1MM 3-month combined average daily balance Diamond $1MM to <$10MM 3-month combined average daily balance Merrill Guided Investing Online with an Advisor Transparent, comprehensive pricing. Affordable services on demand. Fully managed accounts to help you pursue every goal. General Investing Individual Brokerage, Joint Brokerage, Custodial Brokerage (UGMA/UTMA) ACCOUNT FEES Annual Program feeFootnote11 0.85% Minimum Investment $ 20,000 RETURN FEES Returned ACH debit fee $0 Returned deposit fee $20 Not applicable to CMA, WCMA, BIA SPECIAL REQUEST FEES Partial account transfer fee Closeout fee $0 Wire transfer fee (domestic & international)† $30 Full account transfer fee $95 Select toGet started with Guided InvestingLearn more about General Investing accounts Retirement Traditional IRA and Roth IRA ACCOUNT FEES Annual Program feeFootnote11 0.85% Minimum Investment $ 20,000 RETURN FEES Returned ACH debit fee $0 Returned deposit fee $20 SPECIAL REQUEST FEES Partial account transfer fee $0 Wire transfer fee (domestic & international)† $30 Full account transfer fee $0 Closeout fee $75 Select toGet started with Guided Investing Learn more about Retirement accounts Education Custodial Brokerage (UGMA/UTMA) ACCOUNT FEES Annual Program feeFootnote11 0.85% Minimum Investment $ 20,000 RETURN FEES Returned ACH debit fee $0 Returned deposit fee $20 SPECIAL REQUEST FEES Partial account transfer fee Closeout fee $0 Wire transfer fee (domestic & international)† $24.95 Full account transfer fee $49.95 (not charged in addition to closeout fee) Select toGet started with Guided Investing Learn more about Education accounts Select toOpen an account or call us at 888.637.3343 888.637.3343 Footnote Other fees may apply. Free and $0 means there is no commission charged for these trades. $0 option trades are subject to a $0.65 per-contract fee. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill pricing, visit our Pricing page. Footnote Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and mutual funds. To learn more about pricing, visit our Pricing page. Footnote† For international wire transfers, other fees may apply in lieu of our standard wire transfer fee. These fees include, but are not limited to, those charged by the recipient's financial institution, foreign taxes, currency conversion, and other fees that may be a part of the wire transfer process. Any additional fees are determined and disclosed at the time the transaction is entered. When deciding between sending in foreign currency or U.S. Dollars, you should consider factors that impact the total cost to send or the amount available after transfer, such as exchange rates and other fees. Footnote Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. $0 option trades are subject to a $0.65 per-contract fee. Other fees and restrictions may apply. Pricing is subject to change without advance notice. Footnote Exchange Traded Funds are subject to risks similar to those of stocks. Investment returns may fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Footnote Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options. Before engaging in the purchase or sale of options, investors should understand the nature of and extent of their rights and obligations and be aware of the risks involved in investing with options. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options (PDF)" before considering any option transaction. You may also call the Investment Center at 877.653.4732 for a copy. A separate client agreement is needed. Multi-leg option orders are charged one base commission per order, plus a per-contract charge. The maximum loss, gain and breakeven of any options strategy only remains as defined so long as the strategy contains all original positions. Trading, rolling, assignment, or exercise of any portion of the strategy will result in a new maximum loss, gain and breakeven calculation, which will be materially different from the calculation when the strategy remains intact with all of the contemplated legs or positions. This is applicable to all options strategies inclusive of long options, short options and spreads. To learn more about Merrill's uncovered option handling practices, view Naked Option Stress Analysis (NOSA) (PDF). Early assignment risk is always present for option writers (specific to American-style options only). Early assignment risk may be amplified in the event a call writer is short an option during the period the underlying security has an ex-dividend date. This is referred to as dividend risk. Long options are exercised and short options are assigned. Note that American-style options can be assigned/exercised at any time through the day of expiration without prior notice. Options can be assigned/exercised after market close on expiration day. View specific Merrill Option Exercise & Assignment Practices (PDF). Supporting documentation for any claims, comparison, recommendations, statistics, or other technical data, will be supplied upon request. Footnote3 Exercise and assignment of cash settled options are subject to a $0.65 per-contract fee. Trades commissions for trades placed with a representative will not exceed 75% of trade amount. Footnote Mutual Funds: While no-load funds do not assess sales charges, fund shares are subject to management fees and certain other expenses. Redemption fees may also apply. Merrill Lynch receives remuneration from participating fund companies. In addition to receiving dealer concessions and asset-based sales charges and/or services fees in connection with clients' purchasing and holding mutual fund shares, Merrill Lynch and its affiliates provide other services for which they may receive additional compensation from funds or their affiliates. This compensation is generally disclosed in a fund's prospectus which is available from an Investment Center representative and in the Guide to Mutual Fund Investing (PDF). For specific mutual fund family compensation information, please contact the Investment Center. Footnote Fixed Income: Fixed income orders contain order information on Agency Discounts/Notes/Bonds, Certificates of Deposit, Corporate Bonds, Municipal Bonds and Treasury Bond investment vehicles. Footnote A Brokered Certificate of Deposit is different than a bank Certificate of Deposit. It is sold for a bank by a broker while a Certificate of Deposit can be purchased directly from a bank. Brokered CDs may offer higher rates of return, but their value may fluctuate with changing interest rates. Banking products are provided by Bank of America, N.A. and affiliated banks. Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Footnote When you purchase securities, you may pay for the securities in full, or if your account has been established as a margin account with the margin lending program, you may borrow part of the purchase price from Merrill. If you choose to borrow funds for your purchase, Merrill's collateral for the loan will be the securities purchased, other assets in your margin account, and your assets in any other accounts at Merrill. If the securities in your margin account decline in value, so does the value of the collateral supporting your loan, and, as a result, we can take action, such as to issue a margin call and/or sell securities in any of your accounts held with us, in order to maintain the required equity in your account. If your account has a Visa® card and/or checks, you may also create a margin debit if your withdrawals (by Visa card, checks, preauthorized debits, FTS or other transfers) exceed the sum of any available free credit balances plus available money account balances (such as bank deposit balances or money market funds). Please refer to your account documents for more information. Before opening a margin account, you should carefully review the terms governing margin loans. For Individual Investor Accounts, these terms are contained in the Margin Lending Program Client Agreement. For all other accounts, the terms are in your account agreement and disclosures. It is important that you fully understand the risks involved in using margin. These risks include the following: If you have any questions or concerns about margin and the margin lending program, please contact the Merrill Investment Center at 855.332.5920. Footnote7 The fee is not charged when transferring to another internal account. Footnote DRS Eligible refers to securities held electronically at transfer agent (Direct Registration System). Non-DRS Eligible security fee is equal to amount charged to Merrill Edge by the Depository Trust & Clearing Corporation. Footnote The NextGen Plan is a Section 529 plan administered by the Finance Authority of Maine. Before you invest in the NextGen plan, request a NextGen College Investing Plan Program Description from us and read it carefully. The Program Description contains more complete information, including investment objectives, charges, expenses and risks of investing in the NextGen plan, which you should carefully consider before investing. You also should consider whether your home state or your designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's 529 plan. Section 529 plans are not guaranteed by any state or federal agency. Merrill Lynch, Pierce, Fenner & Smith Incorporated is the program manager, underwriter and distributor. Footnote10 There is an annual program fee of 0.45% based on the assets held in the account. This fee is charged monthly in advance. Footnote11 There is an annual program fee of 0.85% based on the assets held in the account. This fee is charged monthly in advance. Footnote Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets. Footnote Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for information including the program fee, rebalancing, and the details of the investment advisory program. 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. If there are multiple owners on this account, the information you provide should reflect the views and circ*mstances of all owners on the account. If you are the fiduciary of this account for the benefit of the account owner or account holder (e.g., trustee for a trust or custodian for an UTMA), please keep in mind that these assets will be invested for the benefit of the account owner or account holder. Merrill Guided Investing is offered with and without an advisor. Merrill, Merrill Lynch, and/or Merrill Edge investment advisory programs are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and Managed Account Advisors LLC ("MAA") an affiliate of MLPF&S. MLPF&S and MAA are registered investment advisers. Investment adviser registration does not imply a certain level of skill or training. Footnote The Chief Investment Office (CIO) develops the investment strategies for Merrill Guided Investing and Merrill Guided Investing with Advisor, including providing its recommendations of ETFs, mutual funds and related asset allocations. Managed Account Advisors LLC (MAA), Merrill's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Guided Investing strategies for client accounts, including facilitating the purchase & sale of ETFs and mutual funds in client accounts and updating account asset allocations when the CIO's recommendations change while also implementing any applicable individual client or firm restriction(s). You may also be able to obtain the same or similar services or types of investments through other programs and services, both investment advisory and brokerage, offered by Merrill; these may be available at lower or higher fees than charged by the Program. The services that you receive by investing through Merrill Guided Investing or Merrill Guided Investing with Advisor will be different from the services you receive through other programs. 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. Preferred Rewards Program Eligibility. You can enroll, and maintain your membership, in the Bank of America Preferred Rewards® program if you have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers. The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Balances include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either: Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Bank of America Private Bank clients qualify to enroll in the Diamond Tier regardless of balance and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill and Private Bank balances. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Bank of America employee qualification requirements, please call Employee Financial Services or refer to the Bank of America intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to participate on customized terms. Refer to CEBI Program for details. Clients enrolled in Preferred Rewards receive a Preferred Rewards discount off the Merrill Guided Investing program's annual asset-based fee of 0.45%, and the Merrill Guided Investing with Advisor and Merrill Edge Advisory Account programs' annual asset-based fee of 0.85% for any of their accounts enrolled in the respective advisory programs. Preferred Rewards enrolled clients receive a discount of 0.05% off of the annual rate for the Gold tier, 0.10% for the Platinum tier, or 0.15% for the Platinum Honors, Diamond and Diamond Honors tiers based on their Preferred Rewards tier effective at the time the applicable advisory program fee is calculated. It may take up to 30 calendar days for changes to your Preferred Rewards status or tier to be associated with and effective for your accounts in the advisory programs. This fee is charged monthly in advance. In addition to the annual program fee, the expenses of the investments will vary based on the specific funds within each portfolio. Actual fund expenses will vary; please refer to each fund's prospectus. Footnote Merrill Guided Investing 6-Month Offer Introductory 6-Month Program Fee Waiver Offer eligible for accounts that are newly enrolled into the Merrill Guided Investing program (MGI) starting on and after March 27, 2023. How it Works: Tax Disclaimer: The value of the waiver of MGI's Program Fee may constitute taxable income. Merrill may issue an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of the waiver. Please consult your tax advisor. Bank of America Corporation and its affiliates and associates do not provide tax advice. Footnote16 Treasury auction trades are not available online at this time. MAP6062278-11012024 Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF). 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."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp"). Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Privacy|Security|Glossary|Advertising practicespopupAdvertising Practicespopup © 2024 Bank of America Corporation. All rights reserved. 4326521
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FAQs
Does Merrill Lynch have commissions? ›
The commission may be discounted and is subject to a minimum charge. You will be charged a minimum commission of $75 or $. 04 per share (whichever is greater), subject to a commission cap of 5.00% of the principal value of your transaction. A portion of the commission is paid to your Advisor.
Does Merrill charge for trades? ›Unlimited $0 Trades
Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply.
Brokerage fees are typically calculated as a flat rate per trade. A mutual fund commission, for example, is typically the same whether you're investing $5,000 or $500,000. However, some commissions are percentage-based, such as robo-advisor management fees.
What is the annual program fee for Merrill? ›There is an annual program fee of 0.45% based on the assets held in the account for the Merrill Guided Investing Program and there is an annual program fee of 0.85% based on the assets held in the account for the Merrill Guided Investing with Advisor Program.
How much commission do brokers charge? ›The brokerage fee rate can vary considering the value and type of trade and the broker's fee structure. Usually, in India, the brokerage fee ranges between 0.01% to 0.5% of the total value of the transaction.
Which is better, Charles Schwab or Merrill Lynch? ›Investing with either company will help you make gains without suffering large fees. That said, investors with more money may receive more individualized services from Merrill Lynch, while investors who want to use market research or robo-advisors might prefer Schwab.
How to avoid brokerage fees? ›Reduction of Brokerage Fees to Zero
Investors can reduce account maintenance fees by comparing brokers, their provided services, and their fees. Buying no-load mutual funds or fee-free investments can help avoid per-trade fees.
Moving money around and buying securities isn't free, and on average, a stockbroker or brokerage will charge a commission between 1% and 2%. Investing in the stock market is usually alluring for those trying to grow their money.
Why am I being charged a brokerage fee? ›Brokerage fees are any commissions or fees that your broker charges you. Also called broker fees, they are generally charged if you buy or sell shares and other investments, or complete any negotiations or delivery orders. Some brokerages also charge fees for consultations.
Is Merrill Lynch better than Fidelity? ›Overall, Fidelity is the lower-cost brokerage, while Merrill Edge combines banking tools with trading. The result is that Fidelity operates with less fees and offers more research tools. 🏆 Winner: Fidelity has a better platform for investors when it comes to account fees, margin rates, and commissions.
What is the average return on Merrill investments? ›
As of June 2024, in the previous 30 Years, the Merrill Lynch Edge Select Aggressive Portfolio obtained a 8.68% compound annual return, with a 13.26% standard deviation.
What is the difference between Merrill Lynch and Merrill Edge? ›Merrill Lynch brokers are encouraged to focus on building and retaining relationships with wealthy clients. Merrill Edge is a discount online broker that has no account minimum and $0 commission stock and ETF trades while still providing some access to Merrill Lynch's research and tools.
Does Merrill Lynch have a brokerage? ›Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties.
Are Merrill Lynch good advisors? ›At Merrill, our advisors are among the most recognized in the industry. In fact, for the seventh year in a row, Merrill had the most advisors named to the 2023 Forbes “America's Top Next-Generation Wealth Advisors” list. Published on August 8, 2023.
What is the interest rate for Merrill Margin? ›If you choose to open a margin account, Merrill Edge charges 8.6% to borrow up to $25,000 and 7.5% to borrow between $25,000 and $100,000. They request you call to hear their rates for borrowing more than $100,000. These margin rates are on the high side of brokers in our survey.