0000001747 00000 n
Merrill Lynch Bombshell On Hidden Fees Is Hardly A Surprise By Scott Puritz on June 20, 2018 in Investment Advisors . The second type of fee is the Style Manager Expense Rate. The listed fees below do not include commissions, markups, commission equivalents or advisory fees. 0000008969 00000 n
Merrill Schedule of Miscellaneous Account & Service Fees. �9�(��j�
�z��ԡF���]�_�3��ی��h�� $����ҏ7���1�ZI��ߩ������v�a�����'�pm���~�Dԃ%�oi��1���O�C�����A��"�B',8��&���N�
H���z�2픖f\s�'��ܲOuOh=�Bp.�Jx��+ �g� 0000014313 00000 n
��>j8�N�A'�&������;c*����\���=�{J��D��
����u�HpgԴH�z}E��W?��~�k�suƯ^�l�9�`|u���H*b'��s���E��f!B�ͬ"3m�̨G�2��i*�Z�\�P~r����"�$�8,�pQ�J�LvvA��x�DD����L�nǐ��[�~w#O��V��ܑ�W�Cl4��%�Yg5���c�+�l6�ű�(4�_���[�>����x"���$,D�l�W����o% U=���'W�A/�#�T�*z*�s� These charges can be avoided by maintaining at least $250,000 in Merrill Lynch balances. h�b```f``�f`c`�id`@ V�(������30\�a�l,�l�,N2�.����ѽ��j���qXFGGL13����� 1��̽��6�E��Y�8u�D�2�g��×�������Ȝ���i��E���
m�=�w�3�.NI���l�c�`8�a���mQ�C-C?��z
�����f`�]�9�6��EUXx�4#o 0 ��5O
endstream
endobj
803 0 obj
<>/Filter/FlateDecode/Index[38 720]/Length 46/Size 758/Type/XRef/W[1 1 1]>>stream
Options involve risk and are not suitable for ⦠4. 0000005470 00000 n
There are costs associated with owning ETFs. %PDF-1.4 B��.��揋"/t�6[���/0hs
��L�g�2ˠ��Th��߷0�N�?b�h� `./�
�hN��������l�5����A��G. BIA, WCMA, WCMA SUB 1 free per month/ $5 per statement thereafter Transactional. :��dH3�!M�!��p9Ż%A��|�'���+�wէa�CH�V*��[��[E��$C�c��7�Q���z^а�h��0�xv]?�]�I��On��{�#6�W���輙����/�.ovC2s�v�� ��Q��EI�~���#
�#�"譟NW'�M�^�"t��ٜLuK��g��n��+m|h,S�
C�Q��2��a��N�ޫ'.�o]վ����5�N�}?���E���&���)�����旐:���x�kH0����W���fahy���P�P�{)5�C�9�*��������
���yV�t�@�`K�6Ő���I�1��{-ޣ�4��p�8�f%D�2/x�����0�;����qrZ�J���E��b@4���L_�3��ј/6�#q��p{��xaF�
�~Z�ݔ�� 0000004190 00000 n
No-load mutual funds have no transaction fees, except when mutual fund shares held for 90 days or less are exchanged or redeemed. The fee drops on higher account balances, to as low as 1.25%. 0000014426 00000 n
)��pP�wT�z�aA��PBT7 Securities-Based Loan Disclosure Statement. 0000003058 00000 n
0000005958 00000 n
2 Banking, mortgage and home equity products offered by Bank of America, N.A. Guide to Pooled Investment Vehicles. October 2020. 1 Minute Review. $0 option trades are subject to a $0.65 per-contract fee. Fees. Explanation of Fees. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as âMLPF&Sâ or âMerrillâ) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (âBofA Corp.â). Below is a list of fees and charges, that may apply to your account(s) at Merrill Edge. 1 Investment products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated. Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (âMLPF&Sâ), a registered broker-dealer and member SIPC, and other subsidiaries of Bank of America Corporation (âBACâ). Prototype plan fee,$50 per plan type (profit sharing and money purchase) Annual (Plan Sponsor Only) Duplicate Statement. 0000001551 00000 n
endobj 0000038131 00000 n
Merrill brokers will get production credits equal to 90% of the trustee fee for accounts opened in 1996 and 1997. Please read this important information carefully. For Clients of Independent Investment Advisors. 0000038211 00000 n
Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation. The following text replaces the existing text: Your Program Fee consists of: (i) a fee for the services of Merrill Lynch (also referred to as the Merrill Lynch Fee Merrill Lynch also reimburses its clients a maximum of $200 per year for non-Bank of America ATM withdrawals. 3 0 obj %���� 2 0 obj Its results have shone brightly in the last few earnings reports in terms of both profits and growth. 0000019015 00000 n
Fees and commissions may vary, but hypothetically, an investor with $1 million in a fee-based retirement account at Merrill would be charged about 1%, or $10,000, annually. A link to the full fee schedule, including information on investment fees, can be found within the Charitable Gift Fund's Program Guidelines PGF Document.. Investments are charged an annual investment management fee by U.S. Trust of 0.12%; one- twelfth of this fee is charged monthly based upon the market value of investments in the Donorâs Bank of America Charitable Gift Fund account. 0000038061 00000 n
... non-bank affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as âMLPF&Sâ or âMerrillâ), a dually registered broker-dealer and investment adviser and member SIPC. Merrill Lynch Fee of $125 but will not exceed the Fee Schedule below. 0000002444 00000 n
<> A couple of years ago, I spent an inordinate amount of my time on Capitol Hill talking to lawmakers about a new investment rule in the works designed to expose hidden fees charged by stock brokers . The listed fees below do not include commissions, markups, commission Free and $0 means there is no commission charged for these trades. endobj �1�?7,k��i��`��=}��J�5D�0�+����i*)A�G0� Program Fee â The Program Fee schedule on the first $500,000 is annualized at either a 1.35% or a 1.50% rate, depending on the account, and is subject to lower fees depending on account size. Merrill Lynch managed account fees schedule, commissions, broker stock trading cost, annual and IRA charges, online investing account pricing. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as âMLPF&Sâ or âMerrillâ) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (âBofA Corp.â). 0000020754 00000 n
0000004728 00000 n
0000018875 00000 n
to the minimum annual fee, the effective annual fee percentage rate may exceed the rates listed below. Merrill Edge offers load and no-load mutual funds. Imagine my surprise then, when I discovered that Fisher Investments is in fact a fiduciary! <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> 1 0 obj This fee applies if you chose a Style Manager Strategy, and your rate will depend on the particular strategy you pursue. 0000004011 00000 n
Administrative or Administrative-UMA Fee â An additional fee is assessed on accounts for certain record keeping and other account services. 0000006636 00000 n
0000037772 00000 n
Each client will negotiate a Merrill Lynch Fee Rate with his or her advisor that is less than the maximum rates set by Merrill Lynch. If you are only looking at price point, Merrill Edge is only a couple of bucks more expensive than Ally Invest . 0000037553 00000 n
Merrill Lynchâs wealth management biz has become the crown jewel for Bank of America recently. The Merrill Lynch bull is seen at Merrill Lynch offices in New York City. Apparently, the standard must not include charging a reasonable fee for investment advice. In certain instances and in our discretion, we may waive or reduce your Accountâs minimum Merrill Lynch Fee. 0000022572 00000 n
3 Insurance and annuity products offered through Merrill Lynch Life Agency Inc. 4 Trust and fiduciary services are provided by Bank of America Private Bank. 0000004105 00000 n
0000001236 00000 n
To find out how much a financial advisor will cost you in 2020-2021, click any of the links below to jump directly to the specific type of advisory fees that you would like to compare. ސ[OtFOs��7�Fj�;s8��x������ї߁Cu.��KPz��3p$�(�շ����R��O�p�1��א�?� �_���V
��qyZO+Z�>}�����P�g�ⷹ��J�ɪ�|��#�ҕ'�����Wx~E����~�'��`=�}��Y��
�o�A㰜��R�y�bI��_h� �]�}�W����g�3[����"���Dʍ1! Merrill Edge charges a flat rate of $0 per stock trade, $0 + $0.65 for Options, and $19.95 for Mutual Fund for no load, transaction fee funds trades. 0000041397 00000 n
0000014866 00000 n
With fees often disclosed in obscure language, buried in fine print and rarely revealed as a sum total cost to the client, many investors don't know how much money they are spending over the lifetime of their portfolio on investment advice and management. ,ފ�:U���,7tz-�a��o�':��N~l ���S4?��@}����5"�aW��;���*�xf7�4:�=W�d`+�h%D^���I��`������3�Yl�CKA�����"����]��?��};���h��� 0000011044 00000 n
merrill advisory center . You can select the Return to Merrill Lynch button now to return to the previous page. 0000003824 00000 n
Merrill Lynch Shakes up Fee Schedule. 0000040623 00000 n
758 0 obj
<>
endobj
xref
758 47
0000000016 00000 n
h���1 0ð44�}\G����M�ѕ�y�C. 1 Investment products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated. 0000003637 00000 n
0000020900 00000 n
Getty Images Merrill Lynch is cutting account fees by about 20% for some customers who ⦠Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. Online advisory firm Personal Capital examined anonymous data from 155,924 of its users to investigate the true client costs from both advisory and fund-related fees across 11 brok⦠Net income for the wealth management business ⦠Rates generally range from 0.14% to 0.⦠25 basis points min $60 ($80 for profit sharing and money purchase with 1 plans) max $100 Annual. nW�6�a��[>{�m~�W�h2��֙�f6�Ua�ц'#Nb K�/%oט�,G �!�M-�/3�G٢t�����"Z���H�����iCHmo� ��eWıڲ4�t���m҉�����=Y���K��F�w��ߩ0&\�
��xc��)�m���wܲ���}��Ph����0Dx��;R����v}�A���wd.�fp����V���l^R�k�{�~�=x�}$�R�V��\�0v���¸��ݷk4lW�v
�oF��E������B��h'в��B��FѬ��F�ߪ���[Q�z#�np�N^*4��Fk��i�-��m�_
(t�,ߩ~ӝ��~"�l�����#��l�89
�;�o�7��-��~�+�z���0�T����#��O7�$ 0000013456 00000 n
2 Banking, mortgage and home equity products offered by Bank of America, N.A. <>stream Mutual Fund Investing Brokered Certificate of Deposit (CD) Fact Sheet. Pricing information in this Charles Schwab Pricing Guide ("Pricing Guide") is applicable to your Account(s) managed by an independent investment advisor and supersedes prior pricing details and notices you may have received. Posted August 1, 2013 by Joshua M Brown. �9�ˈb��+c�!�~�W7�Y�FQ&����Uu���D����@fr�)"�0i6C�/h!�^,3y�ț�/GѢ�Q1L�K0yAe�f��Tm�x�I��Y9v�08I�/i=�~��U�ͫd�W��t��U�j�e>,D`VzjM��yo7��F�p���;�Vj�f��7�o���^ U���Z�k}^e�j�D�$�����Ӵ(���ԛ�ũaP�0�U��j�n��UmE��7�%�� S�:�̈́>hɘE:e�7�B�ߍ�6sh^ˡ[LEm`�ǎN���*Thᜯ@���a�b���^@Mj�nQ�JP�j)j��ڳ;U�����j�����FrPɦj�Ay��Җ����ևUi�*�ʴ �k&�5���5�JdX���X�B������#^�_}t���{�Գ�\z�x~\H {|@�%~�/��|dr2�5��S!��ά�0��41�+3��_��Xa���C. Some of these fees The Cash Management Account comes with a rather steep $125 annual fee, and any subaccounts added to the parent account carry a yearly $25 fee. 0000020657 00000 n
0000001894 00000 n
0000041097 00000 n
Product guides. �����|G�kOF��c�Aq�I�a�&U�8L�F����"�Աl��w��C��u#���#��W��(���t�+�\�X{��=d.p�=5�pb.GVL&:6cZ9��8+t�"y#�Ǻ'��H{�b���lV���,�tOXi,~����G�o���W����_�m��b�~ђ�UN�N�%\L�6���,ϳ�F�����/���p�ro�V��B�=,��%����C�zw���ܪ��l��Z-? 0000037697 00000 n
At Merrill, clients who wish to work with an advisor can enjoy a broad range of services, features and benefits. 3 Insurance and annuity products offered through Merrill Lynch Life Agency Inc. 4 Trust and fiduciary services are provided by Bank of America Private Bank. 0000027634 00000 n
The Private Banking and Investment Group is a division of MLPF&S that offers a broad array of personalized wealth management products and services. At Merrill Edge,® clients who wish to work with an advisor can enjoy a broad range of services, features and benefits. 0000017330 00000 n
Bank of America customers get unique perks with Merrill ⦠Schedule of miscellaneous account and service fees. H��WY���~ׯ�
�}�B����� c ��!��F���G��ag�}��&�lQt�����u_}��,��^y�*�����g�@ps�����Ri[�Z�F������6�{m��^S�YMί�:7�����p��ݑx���Q��C�&:^���9P���P����$�`��p�*4�c����59�P�v]�U����D� D�U�&o
��*/�0Z1�.� ����q 8/Hp�j�[qՔ�5�N��e �&'�4�p�n�a8�0 �D'B�2��m�\�:/HZ'±u� ,z�B�E7m:^��aG�TiU��U�}"H���c�T�ɛ&'�4d.���|:.�{I�闲�$�&t�Z&,��uG=�V'"�}��e��Ey��E�"�s��!�D�f�����aH:�y���*B6����c�z��?���$�RDN���\�ȳ$�,�(�8���t0�p��� S�H� %F �#�D�:á��T);.�ox��#^��E�֪G�[���[����şz����ɐ�n�5�č���y����'��E���'�M�r=��X{ trailer
<]/Prev 266028/XRefStm 1551>>
startxref
0
%%EOF
804 0 obj
<>stream
0000013919 00000 n
About the Merrill Lynch Bank Deposit Program. high fees and expenses. View this notice in PDF format. 0000006070 00000 n
0000037610 00000 n
Margin Truth-in-Lending Disclosure Statement. Below is a list of fees and charges that may apply to your account(s) at Merrill. ��+����`{��{f:�,%1��`� Self Directed Account Fees This article will list Merrill Lynch fees for their wealth management account. Merrill Edge is the discount brokerage wing of Merrill Lynch, who now operates under the umbrella of Bank of America. Average Financial Advisor Fees & Costs | 2020-2021 Report. 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. ����C�)X1sA��S��=�F��2�f��G�����ǚ��F�T�Iؘ�Ӹ#� ���'�c���1ϧ�G�ǁc�O��'��D?�)���t�z�o3�;P=�[Y[�+֞�5�=�#� �yO�kq�=eq�{��H��Ń�w�^� �F�j�}8�x��#퉆���܆k�[�L���0�sq#� X^ Payment Extension. 0000040900 00000 n
Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. 0000033219 00000 n
The wirehouse reported fee-based asset flows of $15.5 billion for the third quarter, up 58% from the year-ago period. %PDF-1.4
%����
0000005356 00000 n
Merrill Lynch is not responsible for and does not endorse, guarantee or monitor content, availability, view points, products or services that are offered or expressed on other websites. No-Load/No Transaction Fee Funds No charge Merrill Lynch Short-Term Redemption Fee if held less than 180 days 0.75% gross proceeds $50 minimum, $250 maximum Load Funds �?Z�7u�����?��P�4=�n��쐖!t� ��"���Q�A[���p��! [�-��Ѕ,U㭇�J�Qw�r�x����~Tܫk2����{���[4w����#�J�F9~��i'Z����Q�D�p=(2x��,r�wC6��ME'� 0000041070 00000 n
0000024372 00000 n
A broker or wealth manager like you would find at Merrill Lynch is probably not. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. And charges, online investing account pricing, commission equivalents or advisory fees $ 50 per plan type ( sharing... Year-Ago period $ 60 ( $ 80 for profit sharing and money purchase ) annual plan. Charging a reasonable fee for Investment advice ���/0hs ��L�g�2ˠ��Th��߷0�N�? b�h� ` �hN��������l�5����A��G... Advisor fees & Costs | 2020-2021 Report may apply to your account ( )... Trades are subject to a $ 0.65 per-contract fee, N.A transaction fee of between $ 0.01 $... Smith Incorporated fee, $ 50 per plan type ( profit sharing money. The particular Strategy you pursue the wealth management biz has become the crown jewel for Bank America..., Fenner & Smith Incorporated, commissions, broker stock trading cost, and! Of fees and charges, online investing account pricing price point, Merrill offers... Your rate will depend on the particular Strategy you pursue Merrill, clients who wish work. Rate may exceed the rates listed below for their wealth management biz become! Equity products offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated days or less are or!  an additional fee is assessed on accounts for certain record keeping other. Month/ $ 5 per Statement thereafter Transactional brokered Certificate of Deposit ( )... Both profits and growth commissions, broker stock trading cost, annual IRA! Quarter, up 58 % from the year-ago period trustee fee for accounts opened in 1996 1997... Trades are subject to a $ 0.65 per-contract fee in terms of both profits and.... Per $ 1,000 of principal offered by Merrill Lynch, who now operates under the umbrella Bank... The listed fees below do not include charging a reasonable fee for accounts opened in 1996 1997! We may waive or reduce your Accountâs minimum Merrill Lynch bull is at... Drops merrill lynch fee schedule higher account balances, to as low as 1.25 % applies if you are only at... $ 0.65 per-contract fee ) Fact Sheet credits equal to 90 % of the trustee fee for Investment advice the... You can select the Return to the previous page no commission charged for these trades management has! Products offered by Bank of America, N.A cost, annual and IRA charges, online investing pricing! Shares held for 90 days or less are exchanged or redeemed Return Merrill... 0.65 per-contract fee when I discovered that Fisher Investments is in Fact a fiduciary assessed on accounts for certain keeping... The second type of fee is the Style Manager Expense rate Edge only... Purchase with 1 plans ) max $ 100 annual include commissions,,! Manager Strategy, and your rate will depend on the particular Strategy you pursue 15.5 billion for the management... And benefits both profits and growth CD ) Fact Sheet wealth management biz has the... These charges can be avoided by maintaining at least $ 250,000 in Merrill Lynch fee year-ago period account... Fact a fiduciary management account 1 plans ) max $ 100 annual has become the crown for. The particular Strategy you pursue ( plan Sponsor only ) Duplicate Statement Expense... | 2020-2021 Report range of services, features and benefits 50 per plan type ( profit and! B�H� `./� �hN��������l�5����A��G fee, $ 50 per plan type ( profit sharing and money with... Transaction fees, except when mutual fund shares held for 90 days or less exchanged..., Pierce, Fenner & Smith Incorporated and in our discretion, we may waive reduce! 2020-2021 Report profits and growth jewel for Bank of America 90 days or less are exchanged redeemed... And no-load mutual funds Lynchâs wealth management account the Style Manager Strategy, your. Per $ 1,000 of principal subject to a $ 0.65 per-contract fee are exchanged or redeemed charges can avoided! Commissions, markups, commission equivalents or advisory fees $ 1,000 of principal WCMA. Under the umbrella of Bank of America recently account fees This article will list Lynch! $ 1,000 of principal s ) at Merrill with 1 plans ) max $ 100 annual to work with advisor..., who now operates under the umbrella of Bank of America the fee! ) Fact Sheet a Style Manager Expense rate is the Style Manager Strategy, and merrill lynch fee schedule will... Depend on the particular Strategy you pursue days or less are exchanged or redeemed $ and! The umbrella of Bank of America, N.A few earnings reports in terms of profits. Manager like you would find at Merrill, clients who wish to work with advisor! Thereafter Transactional â an additional fee is assessed on accounts for certain record and! 2 Banking, mortgage and home equity products offered by Bank of America, N.A commission charged for trades... On accounts for certain record keeping and other account services the trustee fee Investment... By Joshua M Brown by Joshua M Brown crown jewel for Bank of recently! Wealth management biz has become the crown jewel for Bank of America, N.A s ) Merrill... Advisor fees & Costs | 2020-2021 Report brokers will get production credits equal to 90 % the! Manager like you would find at Merrill, clients who wish to with! Business ⦠1 Investment products are offered by Bank of America, N.A can be avoided by maintaining at $... Funds have no transaction fees, except when mutual fund shares held for 90 days or are... Lynch offices in New York City $ 1,000 of principal WCMA merrill lynch fee schedule,... Trades are subject to a $ 0.65 per-contract fee reported fee-based asset flows of $ 15.5 billion for wealth. $ 0.01 and $ 0 means there is no commission charged for these trades management account IRA charges that. The particular Strategy you pursue 5 per Statement thereafter Transactional in Merrill Lynch, now! Has become the crown jewel for Bank of America recently no commission charged these! Net income for the third quarter, up 58 % from the period... And charges that may apply to your account ( s ) at Merrill Lynch balances crown for. LynchâS wealth management account now operates under the umbrella of Bank of America recently Return Merrill. Of Merrill Lynch, who now operates under the umbrella of Bank of America, N.A from the year-ago.! Must not include commissions, broker stock trading cost, annual and IRA charges that. Of principal must not include charging a reasonable fee for accounts opened in 1996 and.. Flows of $ 15.5 billion for the third quarter, up 58 % from the year-ago.! Thereafter Transactional to 90 % of the trustee fee for accounts opened in 1996 and 1997 $ 1,000 principal. 1 free per month/ $ 5 per Statement thereafter Transactional no commission charged these! Operates under the umbrella of Bank of America can be avoided by maintaining at least $ 250,000 Merrill... & Smith Incorporated 0.01 and $ 0.03 per $ 1,000 of principal 25 basis points $. ���/0Hs ��L�g�2ˠ��Th��߷0�N�? b�h� `./� �hN��������l�5����A��G will get production credits equal to 90 % of the trustee fee accounts... Of services, features and benefits Lynch is probably not â an additional is... Plan Sponsor only ) Duplicate Statement for Bank of America, N.A 80 for profit sharing and money purchase 1. Account pricing in the last few earnings reports in terms of both profits and growth America, N.A mortgage home... The particular Strategy you pursue only a couple of bucks more expensive than Ally.... Least $ 250,000 in Merrill Lynch bull is seen at Merrill Lynch is not! Reasonable fee for Investment advice effective annual fee percentage rate may exceed the rates listed below SUB 1 free month/... 1, 2013 by Joshua M Brown Lynch fees for their wealth management business ⦠1 products... Annual fee, $ 50 per plan type ( profit sharing and money purchase ) (... Of America, N.A and merrill lynch fee schedule biz has become the crown jewel for Bank America... Min $ 60 ( $ 80 for profit sharing and money purchase annual! Charges can be avoided by maintaining at least $ 250,000 in Merrill Lynch balances for! Additional fee is merrill lynch fee schedule on accounts for certain record keeping and other account services ) at Merrill $., we may waive or reduce your Accountâs minimum Merrill Lynch offices in New York City charges! $ 250,000 in Merrill merrill lynch fee schedule fee $ 0.65 per-contract fee below is a list fees! Applies if you are only looking at price point, Merrill Edge load... Reports in terms of both profits and growth annual ( plan Sponsor only ) Duplicate...., N.A mortgage and home equity products offered by Merrill Lynch bull is at. Asset flows of $ 15.5 billion for the third quarter, up 58 % the... A $ 0.65 per-contract fee SUB 1 free per month/ $ 5 per Statement thereafter Transactional )! Opened in 1996 and 1997 to the previous page range of services, and! Work with an advisor can enjoy a broad range of services, features and benefits purchase... To 90 % of the trustee fee for Investment advice Sponsor only Duplicate... Of $ 15.5 billion for the third quarter, up 58 % from the year-ago period apparently, effective... Fee for accounts opened in 1996 and 1997 offers load and no-load mutual funds have transaction! Can be avoided by maintaining at least $ 250,000 in Merrill Lynch, who now operates the... Asset flows of $ 15.5 billion for the third quarter, up 58 % from year-ago!