Give us a call at 1.866.706.8321 Clicking RETURN TO PBIG will take you back to the previous page. Investment, insurance and annuity products: Merrill Lynch Life Agency Inc. is a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. 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. At Merrill, 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. 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. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. At Merrill, we believe that your investments should be a reflection of you—your life, your priorities, 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. 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.  MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and 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. 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. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Additional information is available in our Client Relationship Summary.Â. For more information, please see the Program Brochure. 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. A full discussion of fees is included in the Fund’s prospectus. 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. Merrill Lynch is the wealth management division of Bank of America. You’ll work closely with your dedicated advisor for personalized advice and managed portfolios that fit your long-term objectives. 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. 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. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Through the Merrill Lynch Investment Advisory Program, you’ll have access to: A dedicated advisor who gets to know you Merrill offers a broad range of brokerage, investment advisory and other services. 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. You pay a customized fee subject to a maximum rate of 2.00%. Footnote 13 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 … 1 Merrill Lynch Institutional Investment Consulting Program BROCHURE June 15, 2020 . Where do I find more information? 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. 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 … 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. At Merrill, we believe that your investments should be a reflection of you—your life, your priorities, your goals. MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation. 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 … The Fund bears reasonable expenses incurred in connection with the Fund's … Give us a call at 1.866.706.8321 Managed Account Advisors LLC . If you choose a strategy managed by an investment manager, you will also pay a style manager fee. 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”). 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. All rights reserved. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through 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.”). This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and 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.. Investing involves risk. 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. He has 25 years investment experience with senior positions at AXA, Union Bank of Tokyo, Nomura, Rothschild and Paine Webber. 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 … 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. 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. 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 … MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. Strategic Portfolio Advisor. "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. Investment, insurance and annuity products: © var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. 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 … 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 … Merrill offers a broad range of brokerage, investment advisory … 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. 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. Other fees and expenses may apply. “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. Investments involve risk, including the possible loss of principal investment. 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. In 2001, he founded Craigmillar LLC, an investment … Investments involve risk, including the possible loss of principal investment. 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 … For more information, please see the Program Brochure. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. Connect with an advisor and starta conversation about your goals. Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. Fees based on individual transactions and/or other sales charges. Additional information is available in our Client Relationship Summary. Connect with an advisor and starta conversation about your goals. All rights reserved. That’s why we offer the Merrill Lynch Investment Advisory Program. Investing involves risk. You should consult your legal and/or tax advisors before making any financial decisions. The biggest offender was Merrill Lynch, who had the highest average expense ratios on mutual funds and ETFs (0.68%) and the third highest average advisory fee (1.3%) for an average total fee to the client of 1.98%. 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. That’s why we offer the Merrill Lynch Investment Advisory Program. Other fees and expenses may apply. This Brochure relates to the Merrill Lynch Strategic Portfolio Advisor Service (“SPA” or“Program”), an investment advisory service offered by Merrill. Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. This in­formation should not be construed as investment advice and is subject to change. 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”). You pay a customized fee subject to a maximum rate based on strategy type. Client Relationship Agreement (sample) You should consult your legal and/or tax advisors before making any financial decisions. 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. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … Merrill Lynch Investment Advisory Program Brochure. There is always the potential of losing money when you invest in securities. CONVERSION PAINS 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. SEC Share Class Selection Disclosure Initiative. BA from Tulane University and MBA University of Edinburgh, Scotland. SEC Share Class Selection Disclosure Initiative. 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 Edge, available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), consists of Merrill Edge Advisory Center (investment guidance) and self-directed online investing. This fee applies if you chose a Style Manager Strategy, and … 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.”). Merrill Lynch INVESTMENT ADVISORY PROGRAM WRAP FEE PROGRAM BROCHURE Please retain for your records . At Merrill, 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. 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 … 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. 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. Personal Investment Advisory program at Merrill Lynch. www.ml.com Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. There is always the potential of losing money when you invest in securities. 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 Lynch, a division of Bank ... fee-based investment advisory program, called Merrill Lynch One. Merrill Lynch Investment Advisory Program Agreement (sample) Best Interest Disclosure Statement. 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. Online advisory firm Personal Capital examined anonymous data from 155,924 of its user… Merrill Lynch, Pierce, Fenner & Smith Incorporated . 101 Hudson Street Jersey City, NJ 07302 800.637.7455 . We are not responsible for and do not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered on other websites. 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. The Merrill Lynch Investment Advisory Program is an investment advisory service sponsored by Merrill. For an annual asset-based fee, SPA clients receive (except as otherwise indicated) manager identification services, Merrill execution, Merrill custodial services, and other 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. 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%.