2 The Investment Advisory Program fee is a combination of the fee rate for our Services, referred to as the “Merrill Lynch Fee Rate,” and, if applicable, the expense rate for the Style Manager’s services with respect to each Style Manager Strategy in an Investment Advisory Program account, referred to as the “Style Manager Expense Rate,” and is expressed as a percentage of assets, applied monthly to an Investment Advisory Program account. SEC Share Class Selection Disclosure Initiative. You should consult your legal and/or tax advisors before making any financial decisions. Fees and commissions may vary, but hypothetically, an investor with $1 million in a fee-based retirement account at Merrill would be charged about 1%, or $10,000, annually. The second type of fee is the Style Manager Expense Rate. A Business Owner Dedicated to Making an Impact, Insights to help keep your priorities front and center, Industry-leading research and expert analysis are here to help you stay ahead. BofA Merrill Lynch Global Research was named the top global research firm in 2019 by Institutional Investor for the seventh time since the ranking began in 2011. 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 … 1 The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. With over over 17,000 financial advisors and $2.2 trillion in client assets Merrill Lynch is among largest full-service brokerage companies in the U.S. Visit Merrill Edge review for self-directed brokerage account review. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. There is always the potential of losing money when you invest in securities. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Merrill Lynch is cutting account fees by about 20% for some customers who pay for advice. 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 215 accounts enrolled in the respective advisory … Paying close to $1 million fees should make you feel a little queasy if you are a client of Merrill Lynch, even if your portfolio grows into the multi-millions. Subject to our sole discretion, we may consider, in addition  to the assets in your Investment Advisory Program account, certain assets and liabilities at Merrill Lynch held by you or others in determining the applicable Merrill Lynch Fee Rate from month to month. “The Merrill Lynch One investment advisory program has been a tremendous success based on client experience and asset growth, and is ahead of expectations,” he said. Clicking CONTINUE will take you to a website that PBIG is not affiliated with and may offer a different privacy policy and level of security. Connect with an advisor and starta conversation about your goals. Investment, insurance and annuity products: © var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. At Merrill, we believe that your investments should be a reflection of you—your life, your priorities, your goals. He has 25 years investment experience with senior positions at AXA, Union Bank of Tokyo, Nomura, Rothschild and Paine Webber. A digital advisory program with or without an advisor: Clients who are comfortable using online tools that are looking for a low-cost program could consider the Merrill … Each client will negotiate a Merrill Lynch Fee Rate with his or her advisor that is less than the maximum rates set by Merrill Lynch. Other fees and expenses may apply. Merrill Lynch INVESTMENT ADVISORY PROGRAM WRAP FEE PROGRAM BROCHURE Please retain for your records . For more information, please see the Program Brochure. Subject to our sole discretion, we may consider, in addition  to the assets in your Investment Advisory Program account, certain assets and liabilities at Merrill Lynch held by you or others in determining the applicable Merrill Lynch Fee Rate from month to month. You should consult your legal and/or tax advisors before making any financial decisions. Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. "The biggest offender was Merrill Lynch, who had the highest average expense ratios on mutual funds and ETFs (0.68 percent) and the third highest average advisory fee (1.3 percent) for an average total fee to the client of 1.98 percent. At Merrill, you can choose from one or more programs and services based on your individual objectives, investment style, need for ongoing advice and interest in particular solutions. Managed Account Advisors LLC . 1 Fiduciary Advisory Services is an investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”). Fees based on individual transactions and/or other sales charges. 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