The Fund bears reasonable expenses incurred in connection with the Fund's … The second type of fee is the Style Manager Expense Rate. 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 … That’s why we offer the Merrill Lynch Investment Advisory Program. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. 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. Give us a call at 1.866.706.8321 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 … Investments involve risk, including the possible loss of principal investment. One Bryant Park New York, NY 10036 . 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.”). Give us a call at 1.866.706.8321 All rights reserved. www.ml.com There is always the potential of losing money when you invest in securities. That’s why we offer the Merrill Lynch Investment Advisory Program. Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets. 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. Investing involves risk. 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. Merrill Lynch is the wealth management division of Bank of America. You pay a customized fee subject to a maximum rate based on strategy type. There is always the potential of losing money when you invest in securities. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these 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. October 28, 2019 at 8:00 AM Eastern Bank of America today announced that it has added 40 … 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. 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. Connect with an advisor and starta conversation about your goals. All rights reserved. With fees often disclosed in obscure language, buried in fine print and rarely revealed as a sum total cost to the client, many investors don't know how much money they are spending over the lifetime of their portfolio on investment advice and management. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. 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. 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. 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%. 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. Strategic Portfolio Advisor. 888.204.3287 . 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 … 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 … In 2001, he founded Craigmillar LLC, an investment … 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”). 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. 1 Merrill Lynch Institutional Investment Consulting Program BROCHURE June 15, 2020 . Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. 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. 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. 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. “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. 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. Through the Merrill Lynch Investment Advisory Program, you’ll have access to: A dedicated advisor who gets to know you 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. BA from Tulane University and MBA University of Edinburgh, Scotland. You’ll work closely with your dedicated advisor for personalized advice and managed portfolios that fit your long-term objectives. Additional information is available in our Client Relationship Summary.Â. 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%. 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. 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. Merrill Lynch Investment Advisory Program Agreement (sample) Best Interest Disclosure Statement. You pay a customized fee subject to a maximum rate of 2.00%. 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. 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 in­formation should not be construed as investment advice and is subject to change. Investments involve risk, including the possible loss of principal investment. Merrill Lynch Investment Advisory Program Brochure. Fees based on individual transactions and/or other sales charges. 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. 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. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … Investment, insurance and annuity products: Merrill Lynch Life Agency Inc. is a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. 1 Preferred Rewards for Wealth Management Program. 4 Represents 55 bps investment advisory fee paid to GCMLP and 10 bps administrative services and sub-accounting fee paid to Merrill Lynch, subject to some exclusions. Merrill Lynch, Pierce, Fenner & Smith Incorporated . You should consult your legal and/or tax advisors before making any financial decisions. Investing involves risk. 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. Merrill Lynch Investment Advisory Program. 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. SEC Share Class Selection Disclosure Initiative. Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. 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. Investment, insurance and annuity products: © var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. 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 … Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. 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 offers a broad range of brokerage, investment advisory … MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation. 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. 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. 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. Connect with an advisor and starta conversation about your goals. You should consult your legal and/or tax advisors before making any financial decisions. This fee applies if you chose a Style Manager Strategy, and … Merrill offers a broad range of brokerage, investment advisory and other services. 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. He has 25 years investment experience with senior positions at AXA, Union Bank of Tokyo, Nomura, Rothschild and Paine Webber. Online advisory firm Personal Capital examined anonymous data from 155,924 of its user… This in­formation should not be construed as investment advice and is subject to change. At Merrill, we believe that your investments should be a reflection of you—your life, your priorities, your goals. 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