Investors with at least $20,000 in opening deposits can opt for a more personalized level of service with a Merrill Edge Guided Investing Account Plan with an Advisor. Merrill Edge Guided Investing Account (with an Advisor) However, Bank of America Premier Rewards members can pay as little as 0.30%. You’ll also pay an asset management fee of 0.45%. To open a Merrill Edge Guided Investing account, you’ll need at least $5,000. But I do not see anything on their website that calls it robo-advising.) (I’ve heard some people refer to this plan as Merrill Edge’s robo-advising service. You’ll then receive a customized investment plan from Merrill Edge’s team of expert advisors.Īs time goes on, this same group of advisors will also automatically rebalance your portfolio as needed. To get started investing, you’ll need to enter some basic details about yourself and your investment goals. If you’d like a little help planning your investment strategy or prefer to take a more hands-off approach, you may want to sign up for a Merrill Edge Guided Investing Account. Next, let’s take a look at the different types of accounts and features that Merrill Edge offers. Merrill Edge’s customer base quickly grew to over 2 million by 2015, with the platform managing over $120 billion in client assets. The idea was for Merrill Edge to offer a competitive, easy-to-use online trading platform for all types of investors. Merrill Edge came online in 2010-two years after Bank of America acquired Merrill Lynch. This post is going to cover all of that and then some.īefore we dive into the nitty-gritty, let’s take a step back and explore how Merrill Edge came to be. What that in mind, if you’re interested in learning more about Merrill Edge-including what trading services are available, the fees you’ll pay, and the pros and cons of being a customer-you’ve come to the right place. Suffice it to say that if you’re considering opening a new online brokerage account, Merrill Edge is worth a look. In 2019, the company was ranked first in Overall Client Experience from and fifth overall among Barron’s Best Online Brokers. The Merrill Edge platform has recently won numerous awards. With a Merrill Edge account, you’ll have access to a self-guided trading platform and can also get personalized investment advice from a dedicated advisor. The platform offers streamlined investing services across a wide range of financial products. ![]() Merrill Edge is an online brokerage platform of Merrill Lynch, which is owned by Bank of America (BofA). ![]() This does not influence our recommendations or editorial integrity, but it does help us keep the site running. At no extra cost to you, some or all of the products featured below are from partners who may compensate us for your click.
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