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Merrill Edge® Self-Directed

 

Merrill Edge® Self-Directed Investing

Merrill Edge Self‑Directed received 5 out of 5 stars for trading platform from NerdWalletFootnote 12

Enjoy unlimited $0 online stock, ETF and option trades, with no annual account fees or balance minimumsFootnote 1
Get easy-to-understand insights and timely investing ideas, backed by award-winning researchFootnote 4
Invest your way with access to a wide range of stocks, bonds, ETFs and well-known mutual funds

It takes just a minute to get a head‑start with investing

If you're not feeling confident about where to begin, relax! We have you covered. These quick videos can give you a head-start with opening, funding and investing from your Merrill account.

How to Choose & Open an Account

Disclosure:
Please see important information at the end of this video.
When you first start investing, it can be a really exciting time. But just in case you're also feeling a bit overwhelmed… you're not alone. Most people feel that way at first.
But you only have to make two decisions before opening your account.
You choose what kind of account is right for you… and how much guidance you want for that account.
Sounds doable, right? I'll go through it on my screen and show you exactly where to find the information you need.
Okay, so most people are either going to select a general investing account… or one of Merrill's Individual Retirement accounts, also known as IRAs.
If you're focused on retirement, start here and take a look at "Compare IRAs" to understand the different options. Or you can even try Merrill's IRA selector tool if that works better for you.
If you aren't looking at retirement right now, Merrill has general investing accounts that offer more flexibility to take out money before you retire.
You just decide if it'll be in your name alone, or a joint account. And if you're opening it for someone under 18, you need to make it a "custodial" account.
One thing to keep in mind, if you're moving any assets from another investment company, the easiest thing to do is to create the same kind of account with Merrill. Anything else can impact your taxes.
Now, if you have assets from an old job or 401k, there are other things to consider. But either way, Merrill has experienced people who can help you, and they're available 24/7.
Okay, once you've decided what kind account you want to open, you can pick how you want to work with Merrill.
Would you rather go with your own investment ideas, or have one of Merrill's professionals manage and invest your account for you?
Let me tell you a bit about both choices.
If you want to be the one steering your own investments, Merrill Edge Self-Directed may be the way to go. This choice gives all kinds of access to flexible tools, research and expert insights to help you implement your investing ideas.
Disclosure:
Footnote * Options contract and other fees may apply.
If you aren't so interested in being a hands-on investor, you might decide on Merrill Guided Investing. You just answer a few questions online and Merrill will recommend a strategy and manage the investments for you.
With this option, you pay a monthly program fee and that covers investing and management. You can even choose to work directly with an advisor.
So, once you choose your account type and how you want to work with Merrill, it's time to actually open the account. You can do it all from your computer, or even your phone.
And if you're already a Bank of America client, use that log-in and it'll pre-fill most of your application.
Once you get email confirmation that your account is live, you can fund it and start trading from any device. But don't worry… we have other videos and plenty of support as you move along.
So, don't feel overwhelmed. You're just a few decisions and couple clicks away from building your financial future with Merrill. And that's pretty exciting. Thank you for watching.
Disclosure:
Footnote 
Other fees may apply. Free and $0 means there is no commission charged for these trades. 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.
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.
Merrill Guided Investing and Merrill Guided Investing with Advisor have an annual program fee of 0.45% and 0.85%, respectively, based on the assets held in the account. 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. To learn more about pricing, visit the Merrill Guided Investing Program Brochure (PDF) or the Merrill Guided Investing with Advisor Program Brochure (PDF).
Investing involves risk. 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.
Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for 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. If there are multiple owners on this account, the information you provide should reflect the views and circumstances 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.
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, Member SIPC, and a 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 BofA Corp.

Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill's obligations will differ among these services. 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.
Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, a 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.
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 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 tier based on their Preferred Rewards tier effective at the time the applicable advisory program fee is calculated. Bank of America Private Bank clients will also receive a discount of 0.15% off of the annual rate. 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. 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.
Preferred Rewards for Wealth Management clients other than Bank of America Private Bank clients, do not receive the Merrill Guided Investing fee discount.
Investment products:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
© 2021 Bank of America Corporation. All rights reserved. 2929574

How to Navigate & Fund

Disclosure:
Please see important information at the end of this video.
So, you've opened a new Merrill Edge Self-Directed account. It's a great first step, and even though investing for the first time can feel daunting… it doesn't have to. So, I'm here to show you the ropes. I'm going to do everything on my screen, so you can see how it works.
First thing is funding your account. It's actually pretty simple… and if you're already a Bank of America client, it's even easier.
Your checking… savings… they're already there. And if they're not, you can link your accounts up like this.
You can also transfer money, online or on mobile, right into your account from other banks. Or move investments from other brokerages whenever you want.
And if you want to automatically put money into the account every month or maybe consolidate other retirement accounts, all of that's on the table too.
Once you have money in the account, you're on your way. Next, a lot of people download the mobile app. It's right in the App store, or you can just go to MerrillEdge.com on your phone or tablet. It's the same username and password you've already set up for your account.
Now you can manage your investments and transfer money wherever you are. So, when you log in, you'll end up here. It's your home page; kind of a snapshot of your accounts. And these are quick tabs for the things you probably want to see first. Holdings… activities… dividends…
And right at the top is where you can make things happen, whether you're still researching… or ready to make a trade. Speaking of which… let's do this. Now, I am not offering you a stock tip… just showing you what it looks like to make a trade.
So, let's say you need a little more help. No worries. Most people do. It's right here. You'll find guidance at every step along the way.
After all, just because you're doing it yourself… doesn't mean you have to do it alone. There's a quick start guide… and 24/7 support.
So that's it. That's all it takes to get started. What you do next… is up to you. Thanks for watching, and thanks for choosing Merrill.
Disclosure:
BofA Global Research is research produced by BofA Securities, Inc. ("BofAS") and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC popup, and wholly owned subsidiary of Bank of America Corporation ("BofA Corp.").
These charts are based on historical data and is intended for illustrative purposes only. It is not intended to be representative of future performance or any particular investment.
Investing involves risk. 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 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").
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:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
© 2021 Bank of America Corporation. All rights reserved. 2929570

How to Start Investing

Disclosure:
Please see important information at the end of this video.
When it comes to investing, everyone does it a little differently. It's not like there's only one "right" way. So now that you've funded your Merrill Edge Self-Directed account, you get to decide what approach works for you.
But I'm not here to tell you what to invest in. I'm just going to show you a few of the ways you can get the information you need, and start investing. And I'll do it on my screen, so you can see exactly how it works.
So, most people already know how much money they're willing to invest when they start. But the question you're probably asking is "What do I want to invest in?"
There are all kinds of options. But some of the most common ones are stocks, Exchange Traded Funds, or as the pros like to say "ETFs", Mutual Funds, and fixed income assets like Bonds.
Now it's totally okay if you don't know what all of those things are. Because under the Guidance & Retirement tab, you'll find links like "Investor Education" and "New to Investing" that will help you both understand your choices, and set your priorities.
Spend some time reading up or watching the videos. They could give you an idea of where to start. And think about when you're going to need the money you're investing. For example, are you looking to redo your kitchen in a few years, or are you saving up for retirement?
Also, be realistic about how much risk you're comfortable taking. Putting your money in different types of investments can manage risk… but risk is always a part of investing.
Okay, so once you've set those guardrails, it's time to figure out what to invest in. These ideas can come from anywhere, from the morning news to a personal connection. But if you're at MerrillEdge.com, the place to start is the Research tab.
You can get information and insights about markets, or take a look at lists of stocks, mutual funds and ETFs that have been put together by investment experts. You can even find investment ideas that align with the things you care about most.
And once those ideas come into focus, you can go deeper to get the story behind the stock or fund.
You'll find it here, in the overview. With a click, you can page through, step by step, and learn more about the company or fund, and look at past performance and current ratings.
Now let me be clear… this stock does not exist. It was made up for this video. I am not here recommending anything… except doing your homework. But of course, once you get into browsing stocks stories, it might not even feel like homework at all.
But let's say that after looking through a stock story, or any of the other research, you're ready to make a trade. Well that process starts right up here.
You'll enter the symbol in this space. And start filling out the trade ticket with the details like "buy" or "sell" and how many shares you're trading.
If you're looking to make the transaction right away, the order type you want is "Market." Any of the choices will only make a trade go through if the price goes higher or lower than an amount you set in your order.
But that's more advanced trading. You can click the "help" link right from the trade page to learn more about any of them.
Lastly, preview your order and double check it. Then confirm… and you've made your trade. And once you've begun trading, you can monitor all your holdings in one place.
This is your portfolio story, where you can look at past performance, and even watch a short video about your portfolio.
So, those are the basics, from deciding what kind of investment fits you, all the way through making a trade. And if you ever have questions, you can call, message, or chat anytime from MerrilEdge.com or the Merrill App. Welcome to investing with Merrill. Thank you for watching.
Disclosure:
Other fees may apply. Free and $0 means there is no commission charged for these trades. 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.
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.
Merrill Guided Investing and Merrill Guided Investing with Advisor have an annual program fee of 0.45% and 0.85%, respectively, based on the assets held in the account. 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. To learn more about pricing, visit the Merrill Guided Investing Program Brochure (PDF) or the Merrill Guided Investing with Advisor Program Brochure (PDF).
Investing involves risk. 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 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").
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:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
© 2021 Bank of America Corporation. All rights reserved. 2929578
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Dynamic Insights:
The answers you need

How are your investments doing? What's the market doing? We provide personalized insights and quick answers to the questions that matter most to you.
Already have an account? Log in Log in now to see your personal insights.

Idea Builder:
The inspiration you want

Find inspiration with investing ideas from top global minds and align your portfolio with a rapidly transforming world.

Already have an account? Log in now to explore ideas.

Get started with Stock Ideas

Disclosure:
See important information at the end of this video.
Building an investment portfolio is personal.
And now, Merrill Edge Self Directed is giving you access to the perspectives and insights you want… all in one place.
Introducing Idea Builder.
Get Immersed.
Get inspired.
Get investing ideas from top global minds and access…
On screen copy:
Get started with Stock Ideas.
Get started with Fund Ideas.
…to award-winning research.
Disclosure:
BofA Global Research is research produced by BofA Securities, Inc. a registered broker-dealer. Member SIPC. Learn more at Merrilledge/com/accolades.
Whether you're looking for a simple, uncluttered way to start…
Or you're ready to align your portfolio with a rapidly transforming world.
On screen copy:
A Transforming World.
Check out Idea Builder… and see how you can build a financial future that's all yours.
Disclosure:
Impact investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating.
Institutional Investor magazine announced BofA Global Research as one of the Top Global Research Firms in 2020 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. BofA Global Research is research produced by BofA Securities, Inc ("BofAS") and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC popup, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to Institutional Investor popup. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
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").
Investment products:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
© 2021 Bank of America Corporation. All rights reserved. 3199347

Jargon-free analysis & insights

Demystify the numbers and make the most of your investments with clear explanations, graphical tools and customizable features built with you in mind.

“#1 Commission and Fees”

Kiplinger's Personal FinanceFootnote 2
Merrill Edge Self-Directed ranked #1 for Customer Service and #1 for Commissions and Fees, Kiplinger's Personal Finance - Best Online Brokers 2021.
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Investing and Banking Connected

Merrill and Bank of America

Security, convenience and rewards that matter most, available in the Bank of America app.
“As a Preferred Rewards customer since 2014, the combination of banking and brokerage are fantastic.”
Blaine Reinkensmeyer, Head of Research at Stockbrokers.com
Learn more about Preferred Rewards
Simply link your accounts to start banking or investing from wherever you are and earn rewards on more of the things you do every day.
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Access your Merrill investment and Bank of America® bank accounts anytime, anywhere

View your portfolio performance, stay up to date on the markets, transfer money and place trades all on your mobile device.Footnote 6
Download on the App Store
Get it on Google Play
$15.90
Average savings on orders of 1000+ shares
98.38%
of orders execute better than the quoted price
.018
Seconds in which market orders are executed

Best execution is our
#1 priority for your trades.

Merrill does not accept payment for order flow routed to third-party market makers. We constantly monitor execution quality to ensure your order is routed to the market center with the best price and execution quality available.
Source: S3, a third-party analytics provider. Figures include S&P 500 stocks only, for the 2nd quarter ending June 30, 2021.

Merrill Edge MarketPro®

Use Merrill Edge MarketPro® to build your own customized trading platform that gives you real-time market data and analysis along with powerful trading tools.Footnote 8

Invest in the momentum
of a changing world

Whether you want to live out your beliefs, help solve society's biggest challenges, or target companies poised for long-term success, you may be able to pursue your goals with Merrill's Environmental, Social and Governance (ESG) portfolio analysis and research experiences.Footnote 7

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or call us 24/7 at 888.637.3343

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Other ways to invest with Merrill

Merrill Guided Investing

An investment advisory program that combines the best features of online investing with a professionally managed portfolio—all at a low cost.Footnote 9
Learn more about Guided Investing

Invest with an Advisor

Personal guidance from a Financial Solutions Advisor when you need it by phone, chat or at a convenient location near you.
Learn more about the Merrill Edge Advisory Center

Have more complex wealth management needs?

Invest with a Merrill Lynch Wealth Management Advisor to help you grow, preserve and manage your wealth.Footnote 10
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 
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 
Merrill Edge Self-Directed was ranked 4 out of 9 online brokers by Kiplinger's Personal Finance's "Best Online Brokers," survey August 2021. To be included, firms had to offer online trading of stocks, ETFs, funds and individual bonds. Results based on ratings in the following categories: commissions and fees, investment choices, mobile app, tools, research, advisory services and customer service. Rankings for subcategories may vary. Learn more at Kiplinger's Personal Finance popup, August 2021 © 2021 The Kiplinger Washington Editors. Used under License. Merrill provides access to research from BofA Global Research, CFRA (powered by S&P Global), Morningstar and others. Rankings and recognition from Kiplinger's are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Footnote 
Merrill Edge Self-Directed was evaluated as one of 11 online brokers in StockBrokers.com 2021 Online Broker Review published on January 19, 2021. StockBrokers.com evaluated brokers using 256 variables across 7 categories. The Best In Class rating recognizes brokers that ranked in the top 5 in that category. Learn more at StockBrokers.com popup. Rankings and recognition from StockBrokers.com are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Footnote 
Institutional Investor magazine announced BofA Global Research as one of the Top Global Research Firms in 2020 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. BofA Global Research is research produced by BofA Securities, Inc ("BofAS") and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC popup, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to Institutional Investor popup. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Footnote 
Merrill Edge Self-Directed received 3.5 out of 5 stars overall in Investopedia's Annual Review, February 12, 2019. Investopedia rates online brokers based on over 300 carefully selected variables. Selection of ratings elements was a culmination of 5,498 survey responses, 100+ hours of industry research, and 100 hours of user feedback. Learn more at Investopedia popup. Reprinted with permission of Investopedia. Rankings and recognition from Investopedia are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Footnote 
Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
Footnote 
Impact investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating.
Footnote 
Merrill Edge MarketPro® is available to clients who maintain a Merrill Edge® Self-Directed relationship. Not available to investment professionals or for trust accounts and business accounts. Relationship requirements and pricing are subject to change.
Footnote 
Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for 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. If there are multiple owners on this account, the information you provide should reflect the views and circumstances 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.
Footnote 
Merrill is the marketing name for Merrill Lynch Wealth Management, Merrill Edge®, and Merrill Private Wealth Management, all of which are made available through Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"). Merrill is available through MLPF&S, and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.

Merrill makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation ("BofA Corp").
Footnote 
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, Member SIPC, and a 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 BofA Corp.

Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill's obligations will differ among these services. 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.
Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, a wholly owned subsidiary of BofA Corp.
Footnote 
To enroll in, or to maintain your membership in, the Preferred Rewards program, you must have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers in 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:

  1. a three-month combined average daily balance in your qualifying deposit and investment accounts
  2. a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.
You must have a qualifying balance of at least $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. Private Bank clients qualify to enroll in the Diamond tier, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. 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. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements.
Footnote 
Merrill Edge Self-Directed received 4.5 out of 5 stars from NerdWallet, January 2021. NerdWallet evaluates brokers based on investment selection, customer support, account fees, account minimum, trading costs and more. Learn more at Nerdwallet.com popup. Rankings and recognition from NerdWallet are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
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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:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity


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