The Merrill Edge Brokerage Firm

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https://www.merrilledge.com

Merrill Edge Company combines the power and resources of two leading financial institutions in the US – the investment bank Merrill Lynch and the financial conglomerate Bank of America. Merrill Edge was established in June 2010 after the absorption of Merrill Lynch by Bank of America in January 2009.

Merrill Edge now operates as one of the largest and most successful investment brokerage companies. This firm is usually referred to as the most reliable and the fastest-growing online broker at present. Bank of America customers are not the only ones that can access the services of this broker. Any trader or investor can open an account with Merrill Edge and successfully trade in the financial markets.

Bank of America provides Merrill Edge clients with some exciting benefits. A bank account at Bank of America can be linked to the investment account at Merrill Edge, and customers can transfer their funds in real-time without using two separate websites.

Merrill Edge offers almost unlimited financial opportunities to its customers. The company provides optimized online solutions that allow customers to efficiently manage their finances. Individual clients are offered various options for managing their investment portfolios or to pay for real estate, education, and to accumulate retirement funds. The company successfully works with stocks, bonds, options, mutual funds, and ETFs.

Investment Research

Merrill Edge stands out for its research capability. The company provides extensive market research, as well as case studies on stocks, options, ETFs, as well as mutual and fixed-income investments. The economic research activity is conducted exclusively by a team of analysts from the BofA Merrill Lynch Global Research Firm. They continuously provide insightful, objective, and in-depth studies to help both traders and investors to be well informed regarding different tendencies in the financial market.

Opening an Investment Account

When clients decide to open their investment accounts at Merrill Edge, they can expect reliable and informative brokerage support, even if they are not active investors. Currently, a sum of $600 is being granted to new clients that open self-directed accounts. When opening a new account, a licensed consultant specializing in financial solutions will assist clients to find the best options and the most profitable distribution of their portfolio according to personal investment planning. A specific plan or program of action will be offered for consideration. A portfolio review will be updated and provided bi-annually.

Training Opportunities for Investors

Regardless of the level of investment experience, Merrill Edge also offers educational resources to help customers become better investors. The company provides free training courses and webinars for beginners, as well as for intermediate and upper-level investors. Useful information can be found in many articles, videos, and webinars available on the company’s informative website. A large number of publications can also assist investors in gaining a more profound understanding of the financial industry.

Trading Platform

Merrill Edge MarketPro is an advanced online trading platform, that is available to customers with a minimum balance of $50,000 or for those who make at least 15 trades per quarter. MarketPro offers real-time market analysis and investment research, including streaming news and asset quotes. It also includes access to the Merrill Lynch Global Research service, which is one of the best sources of information in the investment industry.

MarketPro gives both traders and investors an ability to track and control their portfolios in real-time. It is also possible to customize the toolbar and use the interactive charting tools. The three-stage trading process allows using various investment opportunities. However, this platform works only on desktop devices, and it is not integrated with the mobile app.

Mobile Version

In recent years, Bank of America has invested heavily in Merrill Edge. The mobile application has been continuously  improved so that customers can manage their accounts anytime and anywhere. Valuable services, such as Merrill Edge Stock Story and others, have also been added to assist traders to quickly learn the basics of popular stocks in the financial market.

The mobile app allows customers the ability to track money in both Bank of America and Merrill Edge accounts. Traders can buy and sell assets on the go, receive alerts, and check watch lists. This app is available for both iPhone and Android devices. The Touch ID function is designed for quick access and functionality.

Commissions and Fees

Although Merrill Edge trading fees are not the lowest, they also offer a free trading option which is available to investors that have more than $20,000 in their account. The company does not charge any annual and inactivity fees. However, there is a fee of $49.95 for full outgoing account transfers.

For stocks and ETFs, Merrill Edge charges $6.95 per transaction. It is worth noting that up to 30 transactions per month are completely free of charge for participants of the Preferred Rewards Platinum program and up to 100 free transactions per month are permitted for clients of the Preferred Rewards Platinum Honors program. Customers are eligible to participate in these preferred programs if they have a valid personal account at Merrill Edge and retain at least $50,000 for three months for the first type of the program. At least $100,000 is needed for the second type of the rewards program.

The mutual funds are charged $19.95 per transaction. No fees are applied for non-refundable funds, although there is a short-term buyback fee of $39.95 that is applied if the funds are held for less than 90 days. Options trades come with $6.95 per transaction with an additional $0.75 per contract fee. Operations with government, municipal, corporate, and agency bonds are also free of charge.

Tools for Portfolio Management

One of the primary online instruments is the Merrill Edge Select Funds service, which is based on the screening process. It helps in the narrowing of extensive areas of capital by determining the best solutions for the investment portfolio.

The activator of assets evaluates their distribution in your portfolio. Then, provides personalized recommendations as to how to direct them to the target distribution. It is also possible to switch on the robo or MEGI features. Like other robo advisors, MEGI can determine the level of risk tolerance depending on the  investment goals of a client and creates a portfolio distribution based on these results.

Their calculator can also assist in assessing the attractiveness of an ETF’s against other ETFs within the same category, including comparisons between ETFs with mutual funds. It also allows you to check the efficacy of your investments against a specific index that you invest in.

you can also use specialized tools to manage educational expenses and retirement savings.

Customer Support

This service is one of the most definite advantages of Merrill Edge. To be advised, customers can use both email and live chat. The support team can be reached for free by telephone 24 hours a day seven days a week. For the sake of convenience, Bank of America also has over 2,000 branches nationwide. A Merrill Edge financial advisor can be found in each office to render any kind of financial assistance required.

Social Media and FAQ

Merrill Edge is present on Facebook, Twitter, and Instagram. A great deal of videos about this company and its particular features can be found on YouTube. However, Merrill Edge is not in Discord server with chat rooms and live communication of investors.

Merrill Edge Company combines the power and resources of two leading financial institutions in the US - the investment bank Merrill Lynch and the financial conglomerate Bank of America. Merrill Edge was established in June 2010 after the absorption of Merrill Lynch by Bank of America in January 2009. Merrill Edge now operates as one of the largest and most successful investment brokerage companies. This firm is usually referred to as the most reliable and the fastest-growing online broker at present. Bank of America customers are not the only ones that can access the services of this broker. Any trader…
The Merrill Edge brokerage services are best suited to high-balance investors. Merrill Edge provides access to high-quality research, excellent investment opportunities, and helpful customer service. A limited number of free trades is also  provided each month for participants of premium programs. Customers, who do not qualify for these programs, can benefit from the minimum requirements to the account balance, low fees and efficient training offered. However, a transaction fee of $6.95 and a minimum investment of $5,000 for MEGI are high enough level for many basic investors to reach.
Commissions and Fees
Trading Platform
Mobile Trading Platform
Online Webinars
Trading Courses
Investment Account

The Merrill Edge brokerage services are best suited to high-balance investors. Merrill Edge provides access to high-quality research, excellent investment opportunities, and helpful customer service. A limited number of free trades is also  provided each month for participants of premium programs. Customers, who do not qualify for these programs, can benefit from the minimum requirements to the account balance, low fees and efficient training offered. However, a transaction fee of $6.95 and a minimum investment of $5,000 for MEGI are high enough level for many basic investors to reach.

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