Clicking CONTINUE will take you to a website that PBIG is not affiliated with and may offer a different privacy policy and level of security. 1 Preferred Rewards for Wealth Management Program. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of BofA Corp. One Bryant Park New York, NY 10036 . At Merrill, you can choose from one or more programs and services based on your individual objectives, investment style, need for ongoing advice and interest in particular solutions. Investments involve risk, including the possible loss of principal investment. Merrill Lynch Investment Advisory Program Agreement (sample) Best Interest Disclosure Statement. Paying close to $1 million fees should make you feel a little queasy if you are a client of Merrill Lynch, even if your portfolio grows into the multi-millions. Bank of America Adds 40 Model Portfolios to Merrill Lynch Investment Advisory Program New Investment Manager Model Portfolios Offer Clients More Choice and Flexibility, With Guidance From the Company’s Chief Investment Office. The Investment Advisory Program provides you with the personalized attention of a Merrill Lynch financial advisor and access to the investment insights of Merrill Lynch all in service to your goals and priorities. MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation. A digital advisory program with or without an advisor: Clients who are comfortable using online tools that are looking for a low-cost program could consider the Merrill … Investment, insurance and annuity products: Merrill Lynch Life Agency Inc. is a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. 2 The Investment Advisory Program fee is a combination of the fee rate for our Services, referred to as the “Merrill Lynch Fee Rate,” and, if applicable, the expense rate for the Style Manager’s services with respect to each Style Manager Strategy in an Investment Advisory Program account, referred to as the “Style Manager Expense Rate,” and is expressed as a percentage of assets, applied monthly to an Investment Advisory Program account. SEC Share Class Selection Disclosure Initiative. 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. All rights reserved. The Merrill Lynch Investment Advisory Program is an investment advisory service sponsored by Merrill. Merrill Edge, available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), consists of Merrill Edge Advisory Center (investment guidance) and self-directed online investing. This fee applies if you chose a Style Manager Strategy, and … This in­formation should not be construed as investment advice and is subject to change. 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. It is provided for informational purposes only and is not intended to be either a specific offer by Bank of America, Merrill or any affiliate to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available. In 2001, he founded Craigmillar LLC, an investment … You’ll work closely with your dedicated advisor for personalized advice and managed portfolios that fit your long-term objectives. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. At Merrill, you can choose from one or more programs and services based on your individual objectives, investment style, need for ongoing advice and interest in particular solutions. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … Managed Account Advisors LLC . The data showed that Merrill Lynch had the highest average expense ratios on ETFs and mutual funds (0.68%) and the third highest average advisory … 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. Additional information is available in our Client Relationship Summary. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Subject to our sole discretion, we may consider, in addition  to the assets in your Investment Advisory Program account, certain assets and liabilities at Merrill Lynch held by you or others in determining the applicable Merrill Lynch Fee Rate from month to month. Throughout your relationship with us, you’ll have access to ongoing monitoring of your performance, periodic rebalancing and regular reviews so you’ll always know where you stand and can take advantage of new opportunities in the market. There is always the potential of losing money when you invest in securities. 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. A full discussion of fees is included in the Fund’s prospectus. Advice tailored to your specific investment needs, A comprehensive financial strategy and recommendations to help grow and preserve your wealth, Choice to manage day-to-day investment decisions, or have your advisor do it for you, Investment professionals who draw from research and insights to help make sense of the financial landscape and markets, A broad selection of investment solutions, including custom managed portfolios driven by the thought leadership and methodologies of our Chief Investment Office, Investment recommendations consistent with your risk tolerance, liquidity needs, time horizon and goals, Ongoing performance monitoring to help keep you on track, Regular reviews, easy-to-read documents and a single agreement, An annual fee based on a percentage of the assets in your account. 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