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Why Merrill


The power to put plans into action

At Merrill, we have the people, tools and personalized
advice and guidance to help turn your ambitions
into action.

Investing and banking made simple

Link your Merrill investing and Bank of America banking accounts to view and manage your accounts online and on your mobile device. With just one login, you can transfer funds instantly between your accounts.Footnote 2 Learn more about linking your accounts

Preferred Rewards

Enjoy real benefits and rewards on your Merrill investing and Bank of America banking account balances. And as your balances grow, so do your benefits. Learn more about Preferred Rewards

Streamlined experiences designed for any investor

Introducing an innovative new way to invest online with a personalized experience that can
simplify how you choose investments and help you make more informed decisions —
so you can manage your portfolio with the tools to help you invest with confidence.
Merrill Edge Online Trading

Award-winning research & insights

Make more informed investment decisions with insights and perspectives, timely investing ideas and access to award-winning research from BofA Merrill Lynch Global Research.Footnote 3

What matters to you most

Use our tools, information and solutions to help you plan for what matters to you,
from pursuing your retirement and other financial goals to managing your financial priorities.
family home leisure work health finances giving Image Map

Investing your way

At Merrill, you have the freedom to invest on your own terms—exactly the way
you want. And as your investing needs change, you can feel comfortable knowing that
we'll be there for you every step of the way.

Merrill Edge® Self-Directed

A streamlined investing platform giving you access to researchFootnote 3 and insights, step-by-step guidance and flexible tools.
Unlimited $0 online stock, ETF & option trades for Preferred Rewards members Footnote 1
Minimum investment

Merrill Guided Investing

A professionally managed portfolio aligned to your goals that's built, monitored and rebalanced by Merrill investment professionals.Footnote 8
Annual program feeFootnote 9
Other fees may applyFootnote 1
Minimum investment

Merrill Guided Investing with an advisor

All the benefits of Merrill Guided Investing with an advisor who will discuss your priorities and provide advice and guidance to help you pursue your goals.
Annual program feeFootnote 9
Other fees may applyFootnote 1
Minimum investment

Have more complex wealth management needs?

Invest with a Merrill Lynch Wealth Management Advisor, a Merrill Private Wealth Advisor, or a team of Bank of America Private Bank specialists to help you grow, preserve and manage your wealth.Footnote 6
Merrill a Bank of America Company
Bank of America Private Bank
Help when you want it
Turn to us for step-by-step guidance when you have questions
or need help getting the most out of Merrill.
Get up to $600 when you invest in a new Merrill Edge Self-Directed account. How to qualify for our $600 offer
Recognized for excellence
Merrill Edge has been recognized by J.D. Power by providing "An Outstanding Customer Service Experience" for Phone support for 8 years in a row.Footnote 4
Barron's 2019 Best Online Brokers Survey
One of the best online brokers, receiving 4 out of 5 stars six years in a row (2014, 2015, 2016, 2017, 2018, 2019).Footnote 5
Kiplinger's Best Online Brokers 2018
Received 5 out of 5 stars for "research" and "user experience" — Kiplinger's Personal Finance, "Best Online Brokers" 2018Footnote 6
Institutional Investor
One of the top global research firms from 2011-2018Footnote 3
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.
Eligibility: Merrill waives its commissions for all online stock, ETF and option trades for Preferred Rewards members and Bank of America Private Bank clients with an individual or jointly owned self-directed personal CMA® or IRA account. $0 trades become effective within one week of enrollment into Preferred Rewards, or for new accounts for Preferred Rewards enrolled clients within one week of account opening.

For details about commissions, transaction fees and any other fees that may apply, visit our Pricing page. $0 option trades are subject to the standard $0.65 per-contract fee. Other restrictions may apply. Preferred Rewards for Wealth Management clients (formerly known as Banking Rewards for Wealth Management), other than Bank of America Private Bank clients, do not receive Merrill Edge® Self-Directed commissions waivers. To learn more, visit our Preferred Rewards page.

Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options. Before engaging in the purchase or sale of options, investors should understand the nature of and extent of their rights and obligations and be aware of the risks involved in investing with options. Prior to buying or selling an option, clients must receive the options disclosure document "Characteristics and Risks of Standardized Options." Call the Investment Center at 1.877.653.4732 for a copy. A separate client agreement is needed.
You are eligible to enroll in the Preferred Rewards 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 accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. The combined balance is calculated based on your average daily balance for a three calendar month period. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. Your benefits become effective within one month of your enrollment, or for new accounts within one month of account opening, unless we indicate otherwise.

For details on Employee qualification requirements, please visit the Employee Financial Services website. Merrill Lynch Wealth Management clients with greater than $250,000 in assets with Bank of America and Merrill are not eligible for Preferred Rewards but have access to other benefits through Preferred Rewards for Wealth Management. Please speak with your Merrill Lynch financial advisor for details.
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.
Institutional Investor magazine announced BofA Merrill Lynch Global Research as one of the top global research firms from 2011-2018 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 Merrill Lynch 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.
J.D. Power 2018 Certified Contact Center ProgramSM recognition is based on successful completion of an evaluation and exceeding a customer satisfaction benchmark through a survey of recent servicing interactions. For more information, visit J.D. Power popup. The ranking or ratings shown here may not be representative of all client experiences because they reflect an average or sampling of the client experiences. These rankings or ratings are not indicative of any future performance or investment outcome. Participation in this survey was paid for by Merrill Lynch.
Merrill was one of 14 brokers evaluated in the Barron's 2019 Best Online Broker Survey, February 22, 2019. Barron's evaluated firms in — the trading platform, usability, mobile, research, education, news, information, international offerings and retirement/divided-related services—to rate the firms. Merrill earned an overall score of 28 out of a possible 50. All costs assume customer has a minimum of $100,000 in assets with broker. Occasional Trader: six stock and two options trades per month. Assumes customer qualifies for 100 $0 stock trades per month through Preferred Rewards Platinum Honors. If not, occasional fee is $70.60 per month. Learn more at Who Are 2019's Best Online Brokers? popup Barron's is a trademark of Dow Jones & Co., L.P. All rights reserved. Reprinted with permission of Barron's. Rankings and recognition from Barron'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.
Merrill Edge Self-Directed was ranked 5 out of 10 online brokers by Kiplinger's Personal Finance's "Best Online Brokers," survey August 2019. 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 user experience. Learn more at Kiplinger's Personal Finance popup, August 2019 © 2019 The Kiplinger Washington Editors. Used under License. Merrill provides access to research from BofA Merrill Lynch 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 7 Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.

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.
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).
Market indices or other benchmark returns are shown for comparison purposes only, and there is no assurance or guarantee that such performance will be achieved. Indices have not been screened or selected according to the investment style of the accounts. All indices are selected by the user and may or may not offer appropriate comparisons to your account. The indices available represent a subset of all indices used in various markets and the list may change over time. Indices are unmanaged. Individuals cannot invest directly in an index.

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.
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.