Merrill A Bank of America Company Merrill A Bank of America Company Open an account Login Open Menu bar Find answers to common questions at MerrillSchedule an Open an accountwith Merrill Mutual Funds Select toChoose and open an account Mutual Funds can offer investors: Select toSee our comprehensive pricing Clear explanations tab 1 of 3 selectedInvesting ideas tab 2 of 3Powerful tools tab 3 of 3 Gain a comprehensive understanding of a mutual fund with Fund Story, a curated and engaging experience that empowers you to pursue your investing goals with clarity and confidence. View the holdings making up a fund, monitor performance, evaluate third-party ratings and see how fees are assessed as well as their impact on returns now and over time. With all this information at your fingertips, it's easy to analyze funds anddecide which ones work best foryou. Previous slideNext slide tab 1 of 3 selectedtab 2 of 3tab 3 of 3 The Merrill screening process takes the guesswork out of finding quality funds for investors with a self-directed account. Taking risk, cost and performance measures into account, each quarter we highlight 3-5 funds in each category. Select toExplore funds Select toChoose and open an account or call us at 888.637.3343 Find your preferred way to invest, whether you're interested in simple stock trades or advanced options and margin trading. Select to learn more aboutStocksSelect to learn more aboutETFsSelect to learn more aboutFixed IncomeSelect to learn more aboutOptionsSelect to learn more aboutMargin Trading View all choices Footnote Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets. Footnote Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and mutual funds. To learn more about Merrill pricing, visit our Pricing page. Footnote3 When you purchase No Load, No Transaction Fee funds (NTF) or Load Waived funds, you will not pay loads, transaction fees or commissions. For No Load, Transaction Fee funds (TF) you will be charged a transaction fee of $19.95 per online purchase, sale or exchange or $29.95 if representative assisted. A Merrill short term redemption fee of $39.95 is charged on redemptions or exchanges of NTF funds that are held less than 90 days. There are costs associated with owning a mutual fund, such as annual operating fees and expenses. This and other important information are included in the prospectus. For more information about investing in mutual funds at Merrill, please read the Mutual Fund Investing at Merrill Lynch pamphlet (PDF) or consult our glossary. MAP5529348-04282024 Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF). Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp"). Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Privacy|Security|Glossary|Advertising practicespopupAdvertising Practicespopup © 2024 Bank of America Corporation. All rights reserved. 4326521
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FAQs
Can I buy mutual funds through Merrill Lynch? ›
Merrill Lynch's Automated Investment Program enables you to easily implement a dollar cost averaging strategy to invest regular fixed amounts in specific mutual funds on an ongoing basis. You can invest monthly, quarterly, annually or on any other regular schedule that you choose.
Can I purchase mutual fund online? ›As we stated earlier, once you decided to buy mutual funds online, there are three options available to you. You can buy these units directly from the AMC website or from your regular broker or even through an Independent Portals like Groww or Kuvera. Here are the pros and cons to help you take a decision accordingly.
Should I invest in mutual funds through bank? ›Disadvantages. Banks don't generally specialize in investing since they are more about savings, day-to-day financial transactions, and loans. That means that a bank might have a more limited pool of mutual fund families—multiple funds managed by the same company—for their customers to choose from.
How much does Merrill Guided investing cost? ›| Account Minimum | $1,000, or $20,000 with an advisor |
|---|---|
| Fees | Online only—0.45% AUM fee; with advisor—0.85%; discounts available for Bank of America Preferred Rewards participants |
| Goal Planning | Eight general categories, including retirement, general investing, home, education, travel, and more |
Advisors with Merrill Lynch Wealth Management have received numerous awards for their performance and service in recent years. It placed over 600 advisors on the Forbes list of Best In-State Advisors for 2018, more than any other company.
Do I need a broker to buy mutual funds? ›Once upon a time, back in the analog age, investors could only buy and sell mutual funds through financial professionals: brokers, money managers, and financial planners. But online investment platforms have made traders of us all, and today, anyone with a computer, a tablet, or even a smartphone can buy mutual funds.
Which bank is best for mutual funds? ›- Sundaram Financial Services Opportunities Fund. ...
- Tata Banking and Financial Services Fund. ...
- Invesco India Financial Services Fund. ...
- ICICI Prudential Banking and Financial Services Fund. ...
- Nippon India Banking & Financial Services Fund. ...
- SBI Banking & Financial Services Fund. ...
- Aditya Birla Sun Life Banking & Financial Services Fund.
Lack of Control. Because mutual funds do all the picking and investing work, they may be inappropriate for investors who want to have complete control over their portfolios and be able to rebalance their holdings on a regular basis.
What is one downside of a mutual fund? ›Disadvantages include high fees, tax inefficiency, poor trade execution, and the potential for management abuses.
Are Merrill Lynch fees high? ›The range of the markup that Merrill charges is between 0.50% – 2.00%, depending on the maturity of the MLI. A portion of the Merrill markup, which may be discounted by your Advisor, is paid to your Advisor as compensation.
Are my investments safe at Merrill Lynch? ›
Your assets held at Merrill are protected by the SIPC, while your bank deposits are protected by the Federal Deposit Insurance Corporation (FDIC).
What is the average return on Merrill investments? ›In the last 30 Years, the Merrill Lynch Edge Select Aggressive Portfolio obtained a 8.56% compound annual return, with a 13.26% standard deviation. It suffered a maximum drawdown of -45.65% that required 41 months to be recovered.
How do beginners buy mutual funds? ›- Determine financial objective and investment horizon. ...
- Assess risk tolerance. ...
- Choose the mutual fund type. ...
- Decide on an active or passive management style. ...
- Check the performance of shortlisted funds. ...
- Analyze the expense ratio. ...
- Check the liquidity and size of the fund.
In the last 30 Years, the Merrill Lynch Edge Select Moderately Aggressive Portfolio obtained a 8.08% compound annual return, with a 11.15% standard deviation.
Can I buy mutual funds without a financial advisor? ›Decide where to buy mutual funds
You could buy directly from the company that created the fund, such as Vanguard or BlackRock, but doing so will limit your choice of funds. You can also work with a traditional financial advisor to purchase funds, but it may incur some additional fees.
One can invest in mutual funds by submitting a duly completed application form alongwith a cheque or bank draft at the branch office or designated Investor Service Centres (ISC) of mutual Funds or Registrar & Transfer Agents of the respective the mutual funds.