What does a Merrill Lynch financial advisor do?

Prioritize your goals and create a personalized financial strategy with customized solutions appropriate for you to help you meet them. Regularly review and rebalance your portfolio as markets—and your life—change. Manage your emotions and help you stay on track to meet your goals.

Does Merrill Lynch offer financial advisors?

If the Merrill Lynch Investment Advisory Program is right for you, you will have access to personalized advice through your dedicated advisor. It offers you: A broad selection of investment solutions, including individual funds, equities and fixed income securities.

Is Merrill Lynch a fiduciary advisor?

Since June 9th, Merrill Lynch has been implementing the DoL Fiduciary Rule and acting as a fiduciary when providing recommendations on retirement assets. Being a fiduciary means that your advisor must act prudently and in your best interest when making investment recommendations.

Does Merrill Lynch have high fees?

The maximum rates charged for the Merrill Lynch Fee Rate are 2.20% of AUM for accounts below $5 million and 2.00% of AUM for accounts of $5 million or more. Rates generally range from 0.14% to 0.65% of assets. The program fee covers the cost of investment advice and guidance, as well as related brokerage services.

Are Financial Advisors in high demand?

Employment of personal financial advisors is projected to grow 5 percent from 2020 to 2030, slower than the average for all occupations. Despite limited employment growth, about 21,500 openings for personal financial advisors are projected each year, on average, over the decade.

Is Merrill Lynch a brokerage account?

The brokerage firm falls under the umbrella of the Merrill Lynch group of companies. Although once its own entity, Merrill Lynch is now under the ownership of Bank of America. Therefore Merrill Edge is an especially natural fit for anyone who maintains accounts at BoA. The brokerage firm has racked up its fair share of accolades in recent years.

What services does Merrill Lynch offer?

Services: As a part of the Bank of America family, Merrill Lynch offers an unparalleled menu of financial services. Their offerings include banking, investing, asset management and other financial and risk management products and services.

What is the minimum balance for Merrill Lynch?

Merrill Lynch Wealth Management Minimum Account Sizes. Most accounts with Merrill Lynch Wealth Management do not have a minimum requirement. The exceptions are accounts under Merrill’s Managed Strategies and Custom Managed Strategies programs. The minimum for Managed Strategies accounts is $5,000.

What is Merrill Lynch wealth management?

Merrill Lynch Wealth Management is a national investment advisory firm with offices in most major and mid-sized U.S. cities. As a subsidiary of Bank of America, one of the largest commercial banks in the world, Merrill Lynch has vast resources that its investment advisors can use to maximize client returns.