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I had a mortgage with Bank of America and they seem to sometimes be schisters. So I've been pretty leery about their brokerage house. I have been dipping my toes in slowly but surely. So far so good in terms of being easy to use and their platforms and tools for mobile trading. Maybe I'll up my rating once I've done it for a good year and haven't had any trouble with them.
Like I've also read, I have been a little dubious about the honest and transparency of Bank of America in the past, so I wasn't sure about an investment company sponsored by them, but I've been really happy with the experience. Their tools and research are superb and have helped me make good investment deciisons.
Really liked the customer service I got when I called their helpline recently. They explained my various options in a clear way that made me realize that I have what it takes to make the absolute best decisions when it comes to my finances. I'm really happy with starting up with them.
Fabulous relatively new player in the investment field! Love the low, low fees to trade, etc. That makes a huge difference in the money you make back. I know, as I've been with a few other firms that have eaten away at my gains!
I heard about Merrill Edge because I am a B of A customer. I have to admit not being all that thrilled with being a B of A customer, so I wasn't sure if I was going to be thrilled about being a Merrill Edge customer, but so far I am really happy with the decision. They seem to have solid investment advice and solid investments.
I would like to be a member of the Preferred Rewards, but the minimum account balance is pretty high for that to be possible. Otherwise, the affordability of having an account plummets. I am going to continue to save and invest, however, as I know i'ts the only way to see a return on my investment eventually.
The stock trade fee is the lowest in the business for Merrill Edge, which I find to be really enticing. I also like how their mutual funds fee is one of the lowest around. When you're investing and trying to make a few bucks, you defintely want to go the other way and spend too much on fees. You shouldn't here.
Unlike some stellar websites, this one is not all that user friendly. Even the look of it I am not too happy about. There's a lot of info on the homepage, and frankly too much to read all in one eyefull. The company does have a good option for rolling over a 401(K), which is what I've been working on doing.
As another reviewer mentioned, research is paramount to a good investment experience. I was really impressed to see that Merrill Edge uses Lippers AND Morningstar. Not many companies have two research providers, so this is big. I know that the information I'm getting from them is accurate and thorough.
Like others here, I am a B of A customer, so I figured why not try Merrill Edge. Well, I soon found out a few reasons not to go with them. Number one is the fact that I have to pay to talk to someone about my accounts. Yikes! It adds up quick. Be careful about that.
Investing is not my strong suit. I labor over which investments to make and I often change my mind. That's why I was so excited when I found that I could get someone on the phone at Merrill Edge who could help walk me through my decisions so that I could come out the other end happy with my decision.
Like others have mentioned here, it really helps to be a B of A customer. That way the sign up is really a breeze and the funding is also very easy. I also found that I like having my investment and mortgage and banking in the same company. This is the say to go.
I like the fact that I can get free reports and real time data from this company. That for me is big, because I'm constantly wanting to check on progress to know if I made the right investment decisions. They also have a great cast of investment options. Most likely more than I'll use, but it's good to know they're there!
If you are fairly new to investing or just want something a little no-brainer, I would suggest investing in their Select portfolios, which are diversified and changed on a regular basis by their advisors. I've had really good luck with them and I would suggest them to even the most experienced investor.
Because I am a Bank of America client, the opening of the account was extremely easy and fluid. I also have found funding to be a breeze. If you don't already have an account, I would highly recommend getting a Bank of America account before you open a Merrill Edge one.
You'll like Merrill Edge if you're a Bank of America customer since it can be your banker/broker at the same time. However there is a catch. Merrill Edge caters to long term investors, with balances exceeding $ 50,000 in their combined accounts. So if you're a frequent trader and/or you carry less than $ 50,000 in your Bank of America/Merrill Edge accounts; you may not be too happy with their somewhat hefty fees. Otherwise you'll receive 30 fee-free trades per month. Also if you need frequent consultations or you prefer ...
to trade via a life broker; they're not for you.
I was a little apprehensive as a Bank of America customer to got to Merrril Edge, because I wasn't sure if it was such a good idea to make the company my bank and my broker. So far it has worked out well. It helps that this investment company doesn't just serve Bank of America customers.
I belong to the Preferred Rewards Program, so I get up to 100 free trades a month. To me, this is an incredible benefit that so makes trading worthwhile and affordable. Their customer service is also very good. I would recommend them to anyone.
As a Bank of America customer, I like the perks of being tied in with Merrill Lynch. For one thing, I really like the opportunity for free trades that often comes up. If you don't have a Bank of America account, it's worth it to open one to get the advantage of many of their perks.
I like a lot about Merrill Edge, including their various investing options, but I have to say that their minimum investments are a bit daunting. I have invested enough to be in the Gold level, but just barely! I'm hoping that I made the right decision to put what is literally all of my eggs into this basket.
I've found all of the broker reps that I have spoken to over the last year since I've been a part of Merrill Edge to be friendly, responsive and extremely knowledgable. I know that some people know enough to make their own investment decisions, but I don't. It is really helpful to me to have someone watching my back and walking me through the process.
This company isn't as costly in terms of fees as some have been saying here. For instance, a mutual fund trade fee is a lot lower than some of the other giants out there, including TD Ameritrade. The stock trade fees are also lower than other industry big guys.
Really liking the full range of investments that I can choose from through Merrill Lynch! They have just about anything you could think of wanting, from annuities to ETFs to mutual funds to options and stock. If you want to do some serious investing and want something to work with, this company delivers.
The range of investment choices at Merrill Edge is great! I was a little blown away when I saw how much there is to choose from. The minimum investment was a little hard to get pulled together, but I managed, and now I'm working on making the best investment choices possible.
I like the fact that their fees are so low! I was really excited to see how low they are compared to other companies. As an investor, I like to make sure that my money is well spent, and I feel that it's well spent when I pay less in fees. Their full range of investments is also great!
I've been investing for a couple of decades, so I started prior to online. I love online investing, because you can do it at midnight without talking to anyone. That being said, sometimes you want to talk to someone. I've found that this company is pretty good with customer service. I'm hoping that since they're a new company that they'll improve over time.
This company is relatively new on the scene when you put them up against the big guys like Schwab and Ameritrade. That being said, I think they're doing a great job of keeping and catching up. Their full range of investments is some of the best in the industry. You will find just about anything on their investments that you would want.
While you do need good sized investment minimums for this company, I have to say that the fees are lower than many other trading companies. This makes a difference over the life of an account. Really high fees can eat into any profits, especially during down years.
I'm in my mid-forties and have realized in the last couple of years that it's time to get with it when it comes to planning for retirement. I explained that to the customer service person I called, and she was good about walking me thorugh my various options. I have taken some of her advice and been happy with the results.
This company may not have all of the bells and whistles that some of the other giants like Schwab and TD Ameritrade have--yet--but they do have a great platform for trading and investing and for figuring out the best way to invest your hard earned money. I have also been happy with the couple of times that I've asked for customer assistance.
I'm big on research when it comes to investments, and I like to get that research from the investment company that I'm with. Merrill Lynch delivers by being a #1 ranked Global Reseach House. This is big, because it shows me that they are on the cutting edge of investments.
Try out their investor education tab and look in their library. You will find a lot of great articles about getting your finances in order. They include explanations to investing questions, as well, and I've found them to be very helpful in helping me to develop an investment strategy.
This company is fairly new, and while it offers simple flat rate pricing, no trade minimums, and no minimum balance, it comes with a great deal of fees. In particular, there's a $44.95 fee if you need to speak with a phone representative to execute a trade. That's nearly $50 bucks just to talk to someone.
As someone mentioned, their email help is very good and right on target regarding investment queries, but I had to wait a couple of days for my response, which I wasn't too happy about. I think that they should have answered me within 24 hours. Otherwise happy with this company.
I like the fact that I get perks from being a B of A customer and then with Merrill Edge, but unfortunately, they don't have the best of service. I've called a couple of times in a row and gotten a couple of different answers to the same question, which is not good. (I called back after having a 15 minute conversation with someone because I forgot to ask something. The person who answered gave me different advice!)
I'm a platinum member, so I have access to MarketPro. I do quite a bit of active trading, so I found this to be the most effective for that purpose. The MarketPro tools are very sophisticated and allow me to do a wide variety of important tasks, like locate patterns and do a thorough job of examining stocks.
Okay experience so far, but it looks like this could get a little pricey. I don't trade in huge sums of money, so I'm not sure that this is the right site for me. I am thinking thta I might just stop with what I've done so far and maybe move over to another company.
Since I'm a B of A customer, I was particularly interested in the account linking and the resulting free banking services that I got as a result of signing up with Merrill Edge. I've also been happy with the flat rate pricing I've gotten when doing online ETF trades. That saves me a lot of money, and that's really important!
B of A makes me nervous, because they don't always seem to have the best interest of the customer in mind. So I worried a little that the same might be with Merrill Edge. It turns out, though, that they also take in customers from other banks, which made me feel better. I've also felt pretty good as my investments have continued to do well so far.
I bank with Bank of America and have been happy with banking side - therefore, I went ahead and opened Merrill Edge account. But I was very disappointed with the service in the first month itself - rather i would say in less than 15 days. I would suggest that if you want to go - go with anybody else but with Merrill Edge for the following reasons per my experience with them -
1. Website is not customer friendly - rather it is very misleading - Do this - Click ...
on "Trade" tab - then pick "Buy" and look at the right side of your account to see how much can you buy - it will Double your Account Balance and show that number that you can buy worth - which is not true and it is misleading to specially a new customer.
2. They do not have any tools to help you as compared to Etrade's Etrade Pro which gives you free CNBC TV on your computer and bunch of other tools - all you have to do is do atleast 10 trades monthly.
3. I could ot believe that one of the Manger/Supervisor of Merrill Edge made a Trade out of my account without my permission and did not even notify me that he had done that in error and will rectify it by reversing it - I had to call in to ask about it and then he admitted that he had made an error and took them one week's time to correct the error and all that time my account showed less money because of that trade.
4. When I called to complain about it - one of the supervisor got upset with me and talked very rudly to me and put me in a voilation status to get even and he was so mean to me.
Over all I would suggest you to go with anyone else but with Merrill Edge if you have to open a new account.
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