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.
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 advisers. Investment Adviser registration does not imply a certain level of skill of training.
For full fee details, please see the Merrill Edge Advisory Account ADV brochure. Program fees include portfolio management and trading costs. In addition to the annual program fee, funds within each portfolio have their own expenses, as would individual securities. Other fees may include those mandated by the SEC; transfer, exchange and fund-redemption fees; conditional deferred sales charges; and markups or markdowns.
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 Earnings are generally not subject to federal income tax if a 5-year holding period requirement is met and the account owner is at least 59½ at the time such distribution is made.
Footnote 2 Loans must usually be repaid within 60 days of leaving your job to avoid treatment of the loan as a distribution and subjecting it to federal income tax, and potentially a 10% early withdrawal additional tax.
Footnote 3 The early withdrawal tax does not apply to withdrawals of contributions to a Roth IRA. However, there is a 10% additional tax if earnings are withdrawn before the end of a 5-year holding period even if you are over age 59½.
Footnote 4 Dependent on plan terms.
Footnote 5 There is an annual fee of 0.45% based on the assets held in the account. This fee is charged monthly in advance.
Footnote 6 There is an annual fee of 0.85% on the assets held in the account. This fee is charged monthly in advance. For additional information on the annual fee please see the Merrill Edge Advisory Account program Form ADV brochure.
Immediate tax consequences will apply to some of these distribution options. You may also be subject to a 10% additional tax if you take a withdrawal prior to attaining age 59½.
* Sales are subject to a transaction fee of $0.01 to $0.03 per $1,000 of principal. There are costs associated with owning ETFs as well as mutual funds. Annual program fees include portfolio management and trading costs, as well as ongoing support. In addition to the annual program fee, the mutual funds and ETFs within each program have their own expenses, as would individual securities. Other fees not included in the annual program fee may include those mandated by the SEC; transfer, exchange and fund-redemption fees; conditional deferred sales charges; and markups or markdowns. For full fee details, please refer to the ADV brochure for the relevant program available at either
merrilledge.com/guided-investing-program-brochure or
merrilledge.com/advisory-account-program-brochure. Where possible, institutional mutual fund class shares are used to minimize expenses.
Investing in securities involves risks; there is always the potential of losing money when you invest in securities.
ARG48CTD-EXP110218