Possible Changes to Your Retirement Accounts

Understanding your
retirement account choices

You may have received information about changes coming to your Merrill Edge retirement accounts in line with the new Department of Labor fiduciary rule. We want to explain your choices so you can determine the account that best suits your needs. Regardless of how you choose to invest, you'll have access to industry-leading service 24/7.Footnote 1
You'll find information about your new choices below. If you still have any questions, please call us at 888.654.6837.
Online investing and trading

Online investing
and trading

A Merrill Edge Self-Directed Investing Account allows you to put your own investing ideas into action with access to a full range of investments, easy‑to‑use tools, providing step‑by‑step guidance, independent research and award‑winning insights.Footnote 2
New Merrill Edge Guided Investing

NEW Merrill Edge
Guided Investing

Pursue your investing goals with an online investment advisory program that combines what you like about investing online with a professionally managed portfolio by Merrill Lynch — all at a low cost and low minimum investment.Footnote 4, 5
Invest with a Financial Solutions Advisor

Invest with a Financial Solutions Advisor

With Merrill Edge Select® Portfolios, you'll work with a Merrill Edge Financial Solutions Advisor™ to select from a set of investment strategies aligned to your goals.
Merrill Edge Select® Portfolios provide a professionally managed portfolio by Merrill Lynch with a low minimum investment. Footnote 5,8
       
Investment choices Full range of investment choices including stocks, bonds, ETFs, options and well-known mutual funds A set of diversified ETF portfolios Footnote 6 A set of diversified mutual fund/ETF portfolios Footnote 6
Minimum investment None $5,000 $20,000
Simple flat-rate pricing
$6.95 Online stock & ETF trades
Or qualify for up to 100 $0 online stock and ETF trades every monthFootnote 3
Other fees may applyFootnote *
0.45% Annual feeFootnote 7
Other fees may applyFootnote *
0.85% Annual feeFootnote 9
Other fees may applyFootnote *
How do I get started?
You don't need to do anything. Your existing Merrill Edge Advisory Center™ retirement account(s) and holdings will automatically convert to Merrill Edge Self-Directed investing account(s).
Please call us at 888.654.6837.
Important information
Follow these 3 steps
  1. Answer a few online questions about yourself and your goals. You'll receive a recommended investing strategy aligned to your needs.
  2. If you are happy with the recommendation, complete the online application to open your new account.
  3. When asked to choose a funding method, select "transfer an account." Then call 888.654.6837 to close your current account and have your funds reinvested in your new one.
Speak with a Merrill Edge
Financial Solutions Advisor™
Call us or schedule a meeting at a Bank of America® financial center near you. A Financial Solutions Advisor will help you determine whether Merrill Edge Select® Portfolios may be right for you.
To get started, call us 24/7 at 888.654.6837.
footnote * Sales are subject to a transaction fee of $0.01 - $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill Edge pricing, visit merrilledge.com/pricing or merrilledge.com/guided-investing-program-brochure for details of Merrill Edge Guided Investing. The program fee for Merrill Edge Select® Portfolios includes portfolio management, trading costs and ongoing Financial Solutions Advisor support. In addition to the annual program fee, the expenses of the investments will vary based on the specific funds within each portfolio. Where possible, institutional class shares are used to minimize expenses.

Frequently asked questions

The Department of Labor (DOL) has issued a "fiduciary" rule designed to hold the investment industry to a higher standard when providing advice to retirement investors, ensuring that the client's best interest comes first. We support this standard, and we are committed to putting the needs of our clients first.
While you can continue to hold and sell the assets held in your advised retirement account, after June 9, 2017, the Fiduciary Rule's "Applicability Date," you won't be able to:
  • Receive advice to buy specific, individual investments from a Merrill Edge Financial Solutions Advisor. An advisor will still be able to help you select a Merrill Edge Select® Portfolio that may be right for you
  • Buy investments such as mutual funds, ETFs or stocks; please note open orders will be canceled (buys and sells)
  • Receive incoming securities transfers — however, cash transfers and contributions will be permitted
  • Establish any new automated investment plans — existing automated investment plans will be canceled
  • Establish new dividend reinvestment instructions — existing dividend instructions will still be honored
  • Change your cash sweep election
  • Use a mutual fund Letter of Intent previously on file
We're here to help. As part of your next portfolio review, we'll be contacting you to discuss your account choices.
You can also call us at 888.654.6837 or go to merrilledge.com/fsalocator to make an appointment with a Financial Solutions Advisor at a financial center near you.

Our commitment to you

Retirement is a special time with a lot of thought and planning behind it. That's why we have a dedicated team to help make this a smooth transition for you. Call 855.488.5249 if you have any questions or need assistance.

Help when you want it

Need help deciding how to invest with us? Give us a call or meet with a local Financial Solutions Advisor.
Call
Call us 24/7
888.654.6837
Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

footnote 1 Merrill Edge, ranked #1 in Customer Service (2016), was evaluated as one of 13 online brokers in StockBrokers.com 2016 Online Broker Review published on February 16, 2016. StockBrokers.com evaluated brokers using 295 variables across 10 categories. Learn more at stockbrokers.com/2016-online-broker-review

Institutional Investor magazine announced BofA Merrill Lynch Global Research as the Top Global Research Firm for 2011-2016 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. For more information about this award, go to http://www.institutionalinvestor.com/Article/3646543/ResearchArticle.html.
footnote 3 Eligibility: Commissions are only waived for online equity and ETF trades and conducted via an individual or jointly owned self-directed personal CMA or IRA account. MLPF&S waives its commission fee for:
  • 30 monthly online ETF & equity trades for Platinum clients
  • 100 monthly online ETF & equity trades for Platinum Honors clients
For details about commissions, transaction fees and any other fees that may apply visit merrilledge.com/pricing. Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. For full details about ways to qualify for $0 trades, call 888-MER.EDGE (888.637.3343) or visit merrilledge.com/$0detail.

footnote 4 Please review the Merrill Edge Guided Investing Program Brochure at merrilledge.com/guided-investing-program-brochure for important information including pricing, 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. This program is not offered through an advisor.

footnote 5 Global Wealth & Investment Management Chief Investment Office (CIO) develops the investment strategies for Merrill Edge Guided Investing and Merrill Edge Advisory Program, including providing its securities recommendations and related asset allocations. Managed Account Advisors LLC (MAA), Merrill Lynch's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Edge Guided Investing and Merrill Edge Select Portfolios strategies for client accounts, including facilitating the purchase & sale of securities 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).

footnote 6 Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.

footnote 7 There is an annual fee of 0.45% based on the assets held in the account. This fee is charged monthly in advance. Other fees may apply. 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 Edge pricing, review the Merrill Edge Guided Investing Program brochure (PDF).

footnote 8 The Merrill Edge Select® Portfolios are part of the Merrill Edge Advisory Program and require participation in the program to invest. In addition, the Merrill Edge Advisory Program is sponsored by Managed Account Advisors (MAA), an affiliate of MLPF&S. MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisors. Investment advisor registration does not imply a certain level of skill or training. Please review disclosure statement for a full description of services and fees.

footnote 9 There is an annual fee of 0.85% on the assets held in the account. This fee is charged quarterly in advance. For additional information on the annual fee please see the Merrill Edge Advisory Account program Form ADV brochure.

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