Merrill Edge

Financial Service

Why pick this one

Merrill Edge offers self-directed investing with $0 minimums, unlimited $0 online stock, ETF, and option trades, plus managed portfolios from $1,000.

Best for

  • Investors who want to manage their own stock, ETF, mutual fund, bond, or options portfolio online
  • Investors seeking professionally managed portfolios starting at $1,000
  • Investors wanting one-on-one advisor access with a $20,000 minimum
  • Bank of America customers wanting connected banking and investing account access
  • Investors seeking retirement rollovers, IRAs, or education accounts

Look elsewhere if

  • Investors seeking completely fee-free options trading, since options trades carry a $0.65 per-contract fee
  • People seeking legal, tax, or accounting advice, which Merrill states it does not provide
  • People requiring a specified local service area or in-person emergency financial service

Specialties

  • self-directed stock, ETF, mutual fund, bond, and options investing
  • automated goal-based portfolio management
  • advisor-assisted investment management
  • retirement account rollovers and IRAs
  • education investment accounts

What makes them different

  • Self-directed accounts offer unlimited $0 online stock, ETF, and option trades, subject to applicable fees
  • Self-directed investing has $0 minimum investments with no annual account fees or balance minimums
  • Access to BofA Global Research, including equity research, economic reports, and investment ideas
  • Bank of America and Merrill investing accounts can be viewed and managed online in one place
  • Merrill Edge Self-Directed received Stockbrokers.com's #1 Bank Brokerage award for 12 consecutive years
Response time
Opening an investment account online is simple, secure and only takes minutes.

Distilled from this business's own website.

Contact & Location

Address
3303 Battleground Ave, Greensboro, NC 27410-2401
Phone
13363873877
Website
https://www.merrilledge.com
Email
wealthmanagement@bankofamerica.com

Services

  • online brokerage accounts
  • managed investment advisory programs
  • one-on-one investment advising
  • retirement planning and accounts
  • education savings accounts
  • online stock, ETF, and options trading

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