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Ways to Invest with Merrill

Solutions built around you

Our full suite of investment solutions and tools can help you pursue your goals with confidence, convenience and control.

Merrill Edge® Self-Directed Investing

Reinventing what it means to be a confident investor

  • Unlimited $0 online stock, ETF and option trades, with no annual account fees or balance minimums.Footnote 1 Option contract and other fees may apply.Footnote *
  • Easy-to-understand, actionable insights and timely investing ideas, and access to award-winning researchFootnote 2
  • Award-winning online investing, tools and trading experiencesFootnote 3 for everyone, whether you're experienced or just getting started

Merrill Guided Investing

While you manage life, we manage investing

  • Set your investing goals online or talk with an advisor and set goals togetherFootnote 8
  • Get a portfolio that's built, monitored and rebalanced by Merrill Investment professionals,Footnote 9 at a low cost
  • Monitor performance, make updates and add new goals whenever you'd like
Merrill Guided Investing is an Investment Advisory ProgramFootnote 8

Need help choosing and opening an account?

We make it simple to invest the way you want. From 24/7 access to online tools and personalized dashboards, to personal guidance and advice from Merrill Financial Solutions Advisors, we can help.

Invest your way

At Merrill you have the freedom to invest on your own terms — exactly the way you want. Choose your own investments, set your investing goals online or talk with an advisor and set goals together. Either way, you'll have 24/7 access to Merrill's award-winning service and online tools.Footnote 4

Merrill Edge®

Merrill Guided Investing

An Investment Advisory Program

Merrill Edge® Self‑Directed

Personalized investing with tools, insights and guidance to confidently put your investing ideas into action.

Merrill Guided Investing Online

Pursue your investing goals online with a professionally managed portfolio — all at a low cost.

Merrill Guided Investing Online with an advisor

An advisor will help you establish your investing goals and provide guidance one-on-one when you need it.
Minimum investment
Self-Directed No minimum
Online $1,000
Online with an advisor $20,000
Annual Program Fee
Self-Directed
Unlimited $0 stock, ETF and option trades with no minimum.Footnotes 1
Option contract and other fees may applyFootnote *
Online
0.45% annual program feeFootnote 6
Other fees may applyFootnotes **
Online with an advisor
0.85% annual program feeFootnote 5
Other fees may applyFootnote **
Example of estimated monthly fees
Self-Directed - blank
Online
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 X .0045 annual program fee)/12 months = $0.38. This amount will vary monthly based on your month-end account balance.
Online with an advisor
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 X .0085 annual program fee)/12 months = $14.17. This amount will vary monthly based on your month-end account balance.
Online mobile and investing tools
Self-Directed
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Online
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Online with an advisor
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Access to BofA Global Research and insights
Self-Directed
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Online
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Online with an advisor
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Bank of America and Merrill investing connected
Self-Directed
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Online
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Online with an advisor
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Advisor helps you establish goals
Self-Directed unchecked
 
Online unchecked
 
Online with an advisor
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Periodic reviews and one-on-one advice
Self-Directed unchecked
 
Online unchecked
 
Online with an advisor
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Professionally managed portfolios
Self-Directed unchecked
 
Online
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Online with an advisor
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Establish goals online
Self-Directed unchecked
 
Online
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Online with an advisor
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Customizable trading platform
Self-Directed
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Online unchecked
 
Online with an advisor unchecked
 
Full range of stocks, ETFs, mutual funds, options, stocks and bonds
Self-Directed
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Online unchecked
 
Online with an advisor unchecked
 
Get more information on how Merrill Guided Investing combines the power of technology and human insight and investment expertise.

Talk with an Advisor

No judgment, just guidance

  • Start with a no-hassle review of your financial picture
  • Tell us your goals, and we'll help you develop a strategy on how you can pursue them
  • Connect with an advisor in the way that's most convenient for you

Your combined Merrill investing and Bank of America deposit balances get you more

When your balances work together, you can maximize the rewards you earn. Just open a qualifying checking account, maintain the 3-month combined average daily balance requirement and enroll in Bank of America Preferred Rewards to start earning the rewards you deserve.

Bank of America Preferred Rewards

Preferred Rewards gives you more from life's everyday moments. Credit card purchases, auto payments, buying a new home and investing for retirement can all be more rewarding. With Bank of America Preferred Rewards, you get rewarded for the things you do every day. Footnote 7
I want to save for a big purchase Select to learn more
Enter your estimated 3-month average combined balances from your Bank of America® deposit and/or Merrill® investment accounts
3-month balance average (minimum $20,000)
Your Preferred Rewards Tier
Gold
$20K to <$50K
Earn a 5% interest rate booster on a Bank of America Advantage Savings account.Footnote 3
Earn a 10% interest rate booster on a Bank of America Advantage Savings account.Footnote 3
Earn a 20% interest rate booster on a Bank of America Advantage Savings account.Footnote 3
View all gold tier rewards
I want to buy a car  Select to learn more
Enter your estimated 3-month average combined balances from your Bank of America® deposit and/or Merrill® investment accounts
3-month balance average (minimum $20,000)
Your Preferred Rewards Tier
Gold
$20K to <$50K
You get a 0.25% auto loan interest rate discount.Footnote 6
You get a 0.35% auto loan interest rate discount.Footnote 6
You get a 0.50% auto loan interest rate discount.Footnote 6
View all gold tier rewards
I want to buy a home  Select to learn more
Enter your estimated 3-month average combined balances from your Bank of America® deposit and/or Merrill® investment accounts
3-month balance average (minimum $20,000)
Your Preferred Rewards Tier
Gold
$20K to <$50K
You get a $200 reduction on the orgination fee for a new purchase or refinance mortgage.Footnote 5
You get a $400 reduction on the orgination fee for a new purchase or refinance mortgage.Footnote 5
You get a $600 reduction on the orgination fee for a new purchase or refinance mortgage.Footnote 5
You get a 0.250% interest rate reduction when PayPlan is established.Footnote 5
View all gold tier rewards
I want to prepare for retirement  Select to learn more
Enter your estimated 3-month average combined balances from your Bank of America® deposit and/or Merrill® investment accounts
3-month balance average (minimum $20,000)
Your Preferred Rewards Tier
Gold
$20K to <$50K
Receive a 0.05% Merrill Guided Investing fee discount.Footnote 7
Receive a 0.10% Merrill Guided Investing fee discount.Footnote 7
Receive a 0.15% Merrill Guided Investing fee discount.Footnote 7
View all gold tier rewards
I want to build a budget and start saving  Select to learn more
Enter your estimated 3-month average combined balances from your Bank of America® deposit and/or Merrill® investment accounts
3-month balance average (minimum $20,000)
Your Preferred Rewards Tier
Gold
$20K to <$50K
Receive a 0.05% Merrill Guided Investing fee discount.Footnote 7
Receive a 0.10% Merrill Guided Investing fee discount.Footnote 7
Receive a 0.15% Merrill Guided Investing fee discount.Footnote 7
View all gold tier rewards
I want to travel more  Select to learn more
Enter your estimated 3-month average combined balances from your Bank of America® deposit and/or Merrill® investment accounts
3-month balance average (minimum $20,000)
Your Preferred Rewards Tier
Gold
$20K to <$50K
Earn a 25% credit card reward bonus with your Bank of America credit card.Footnote 4
Earn a 50% credit card reward bonus with your Bank of America credit card.Footnote 4
Earn a 75% credit card reward bonus with your Bank of America credit card.Footnote 4
View all gold tier rewards

Ready to get started?

Call us

Set up a meeting

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 asterisk 
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 asterisks 
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 asterisk 
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 asterisk 
Institutional Investor magazine announced BofA Global Research as one of the Top Global Research Firms popup in 2021 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. Learn more about the methodology at 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 asterisk 
Merrill Edge Self-Directed was ranked 4 out of 11 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 asterisk 
Merrill was recognized in Newsweek America's Best Customer Service, 2023 popup published on August 31, 2022. The 2023 America's Best Customer Service rankings were identified from the results of an independent survey conducted May-July 2022 of more than 30,000 U.S. customers who have either made purchases, used services, or gathered information about products or services in the past three years. Customers evaluated several brands: in total over 200,000 evaluations were collected. The survey was conducted on retailers and service providers from 166 categories, providing results for a broad-spectrum of customer experiences in traditional retail, online and service segments. For each category, the most relevant brands were included in the scope of the survey according to reputation, turnover or market share. Learn more about methodology at Newsweek popup. Rankings and recognition from Newsweek 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 5 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 6 There is an annual program fee of 0.45% based on the assets held in the account. This fee is charged monthly in advance.

Footnote asterisk 
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 asterisk 
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 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.
MAP4926314-09302023
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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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