![]() Merrill advisors have also been recognized in rankings of the top young advisors and the top women advisors in the country. It placed 55 advisors on that list, out of 401 total. Likewise, Merrill placed more advisors on the Financial Times 2017 ranking of top retirement advisors than any other company. 3 advisors in Southern California, and the No. ![]() It placed over 600 advisors on the Forbes list of Best In-State Advisors for 2018, more than any other company. Merrill Lynch Wealth Management Awards and RecognitionĪdvisors with Merrill Lynch Wealth Management have received numerous awards for their performance and service in recent years. Merrill does not charge performance-based fees. These fees are applied monthly, with the amount due equal to one-twelfth the calculated annual fee, based on the market value of assets in your account. Clients will also be responsible for additional expenses, including custodial costs and charges related to certain investment types. However, the program fee does not cover all potentially applicable costs. The program fee covers the cost of investment advice and guidance, as well as related brokerage services. ![]() Rates generally range from 0.00% to 0.65% of assets. This fee applies if you chose a Style Manager Strategy, and your rate will depend on the particular strategy you pursue. The second type of fee is the Style Manager Expense Rate. The maximum rates charged for the Merrill Lynch Fee Rate are 2.20% of AUM for accounts below $5 million and 2.00% of is 1.75%. Merrill Lynch charges a program fee for the Merrill Lynch Investment Advisory Program that consists of a Merrill Lynch Fee Rate and a Style Manager Expense Rate. Fees Under Merrill Lynch Wealth Management Available asset classes include equities, fixed income securities, CDs, money market funds (MMFs), mutual funds, exchange-traded funds (ETFs) and annuities. ![]() These three elements will help determine the exact mix of assets that will work for you. Your investment advisor will begin by asking you about your risk tolerance, your desired liquidity and your time horizon. Instead, it offers a range of strategies and tools that allow clients and advisors to develop an individualized investment approach. Because of its size, it does not dictate any one philosophy for its advisors (and clients) to follow. Investment PhilosophyĪs one of the largest wealth management firms in the world, Merrill employs thousands of brokers and investment advisors. Historically, Merrill Lynch has catered to individuals with assets of $1 million or more, so many Merrill Lynch advisors will be comfortable working with people in the high-net-worth category. Merrill Lynch Accounts for High-Net-Worth Individuals Individual Merrill advisors may have minimum account sizes as high as $10 million. While these are the minimum account sizes for Merrill Lynch as a whole, many Merrill advisors do not accept new clients below a certain threshold. There are exceptions, though - the minimum for the Managed Account Service is $100,000. Most accounts with Merrill Lynch Wealth Management do not have a minimum requirement. Furthermore, while Merrill does not have minimum account sizes, many individual Merrill advisors set their own limits. According to some reports, Merrill brokers do not get paid for servicing client accounts below $250,000.Ĭlients below that threshold may be encouraged to join Merrill Edge, Merrill’s automated online investing platform. However, Merrill Lynch typically has catered to high-net-worth clients. Merrill Lynch Wealth Management is available to all level of investors, with no minimum account sizes for most types of advisory accounts in Merrill’s Investment Advisory Program. Merrill Lynch Wealth Management Client Types and Account Minimums It offers a range of options for investors, ranging from automated accounts handled completely by Merrill Lynch itself to accounts managed by a local financial advisor based on a client’s preferences. With no account minimums for most types of accounts, Merrill Lynch Wealth Management is available to nearly anyone. 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. ![]() Merrill Lynch Wealth Management is a national investment advisory firm with offices in most major and mid-sized U.S. ![]()
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