Is Merrill Lynch Wealth Management a fiduciary?

When we talk about wealth management that is able to help you achieve peace of mind, there are many companies out there that offer their services. In this article, we as a fiduciary wealth management firm at Pillar Wealth Management, will provide some insights about Merrill Lynch Wealth Management.

What bank does Merrill Lynch use?

Bank of America
Bank of America Merrill Lynch is Now Bank of America & BofA Securities.

Is Merrill Lynch a good company to invest?

Merrill is a good company if you’re looking for an established financial advisor to help create and implement a plan to meet your financial goals. Whether you’re looking for guidance on investing or selling a business, Merrill can help with various levels of service and options for both in-person and online advising.

What is happening with Merrill Lynch?

Bank of America updates their logo. In addition, Bank of America will dump the name Merrill Lynch from its investment bank and trading operations and keep just “Merrill” as the brand for its wealth management division.

Is Bank of America getting rid of Merrill Lynch?

Bank of America updates their logo. In addition, Bank of America will dump the name Merrill Lynch from its investment bank and trading operations and keep just “Merrill” as the brand for its wealth management division.

Is Merrill Lynch still owned by Bank of America?

Bank of America acquired Merrill Lynch, known for its “thundering herd” of brokers pitching stocks to Main Street, in the depths of the financial crisis. The firm took steps to dissolve the Merrill legal entity in 2013 while keeping the brand across retail and institutional businesses.

Is my money safe with Merrill Lynch?

The securities and cash that Merrill Lynch holds in your brokerage account are protected by the SIPC up to a maximum of $500,000 per client for securities, inclusive of up to $250,000 per client for cash.

How do Merrill Lynch brokers get paid?

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. 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.