Merrill Edge

Fees:

  • $0 Commissions: There are no commissions for U.S.-listed stock and ETF trades made online.
  • Options Fees: Online options trades cost $0.65 per contract. Broker-assisted options trades cost $29.95 per trade plus $0.65 per contract.
  • Mutual Funds: No load, no transaction fee (NTF) funds are free to trade online, but transaction fee funds incur a fee of $19.95 per online transaction.
  • Advisory Fees:
    • Merrill Guided Investing has a 0.45% annual fee.
    • Merrill Guided Investing with an Advisor has a 0.85% annual fee.
  • Account Transfer Fees: Full account transfers have a $49.95 fee.

Offer:

  • No Active Offer: Currently, there are no promotional offers available.

Trading Platforms:

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Features
  • Commission-Free Trading: Merrill Edge offers unlimited $0 online trades for stocks and ETFs with no trade or balance minimums.
  • Account Options: The platform provides several account types, including individual, joint brokerage, custodial, and trust accounts. Retirement options such as IRAs are also available.
  • Managed Investing Options: Merrill offers both self-directed investing and managed portfolio services through Merrill Guided Investing, with the latter involving an annual fee and professional portfolio management.
  • Integration with Bank of America: Merrill Edge integrates with Bank of America, offering perks like combined banking and investment accounts, rewards programs, and seamless money transfers.
  • Mobile Investing: Merrill Edge offers a mobile app that allows users to trade, monitor investments, and manage their accounts on the go.
  • Sustainable Investing: Merrill provides ESG (Environmental, Social, Governance) investment options, allowing investors to align their portfolios with personal values.
Details

Merrill Edge is an online brokerage offering commission-free trading for U.S.-listed stocks and ETFs, integrated with Bank of America for seamless banking and investing. It provides self-directed investing tools for those who want to manage their portfolios independently, as well as managed investing services for those seeking professional guidance. Merrill’s platform is designed to cater to both new and experienced investors, with an array of account types, easy-to-use tools, and an intuitive mobile app for managing investments.

Pros
  • Unlimited Commission-Free Trades: Users can trade U.S.-listed stocks and ETFs with $0 commissions, which helps reduce costs for frequent traders.
  • Integration with Bank of America: Combines banking and investing, offering seamless account management and the ability to benefit from the Preferred Rewards program.
  • Comprehensive Investment Options: Access to stocks, ETFs, bonds, mutual funds, and more, along with ESG-focused investing options.
  • Managed Portfolio Services: Merrill offers both guided investing with and without the help of an advisor, providing flexibility based on the user’s level of involvement and financial goals.
  • Educational Tools: The platform provides research, insights, and educational content to help investors make informed decisions.
Cons
  • Fees for Broker-Assisted Trades: Broker-assisted trades incur a fee of $29.95 per trade, which can be costly for users who prefer personalized assistance.
  • Management Fees for Advisory Services: Merrill Guided Investing has an annual fee of 0.45%, while Merrill Guided Investing with an Advisor incurs a 0.85% fee, which could be higher than some competitors.

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Users are encouraged to carefully review the terms and conditions, fees, and features of any financial product to ensure it aligns with their individual financial goals and risk tolerance. Investing involves risks, and past performance does not guarantee future results.