Merrill Edge

Merrill Edge

Merrill Edge

Merrill Edge

Merrill Edge is an electronic trading platform provided by BofA Securities, part of Bank of America's retail banking division. Merrill Edge was created to merge Bank of America Online Investing and Merrill Lynch's research, investment tools, and call center counsel.

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Highlights

Auto Track Available

-14.93%

Asset Class Return30d

#40 Rank

In Robo Advisor30d

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Invest from

$5K

Overview

Merrill Edge is an innovative new way to invest online with a personalized experience that can simplify how you choose investments and help you make more informed decisions — so you can manage your portfolio with the tools to help you invest with confidence. The self guided program is a streamlined investing platform giving you access to research and insights, step-by-step guidance and flexible tools. The guided program is an investment advisory program that combines the best features of online investing with a professionally managed portfolio — all at a low cost.

Things to Know

  • You make money on

    Value + Dividends

  • Fees

    0.45%

  • Min Investment

    $5,000

  • Payout frequency

    Quarterly

  • Term of investment

    Zero

  • Target Return

    7% - 10%

  • Liquidity

    Easy

  • Open to

    All Investors

  • Mobile Application

    iOS, Android

Top Perks

  • Trade *STOCKS *ETFS *MUTUAL FUNDS *BONDS *OPTIONS *FUTURES

  • Professionally managed portfolio built and managed by Merrill investment professionals

  • Get up to $600 when you invest in a new Merrill Edge Self‑Directed account. Use offer code 600ME

How you make money

Stock price appreciation + dividends. For reference: according to historical records, the average annual return from the S&P Index since its inception in 1926 through 2018 is approximately 10%–11%. The average annual return since adopting 500 stocks into the index in 1957 through 2018 is roughly 8%. Adjusted for inflation, the historical average annual return is around 7%. However, it's important to note that each Robo has their own investment strategy that can influence returns.

How Merrill Edge makes money

Merrill makes money by charging a .45% Annually for access to their robo advisor service.

Is it safe?

Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

  • Established

    2010

  • Country Available

    US Only

  • Assets Managed

    $1.1T

How You’re Taxed

Capital Gains

Capital Gains

As with any stock realized stock gains, investors are subject to capital gains tax. If gains are realized within one year, you are taxed at your income tax rate. If gains are realized after one year, you are subject to a long-term capital gains tax of 0% to 20%. A common service that some robo-advisors offer through their systems is automatic tax-loss harvesting. Tax-loss harvesting is a deliberate strategy whereby any loss from the sale of a security in a taxable account is used to offset a capital gain or taxable income, thereby reducing the tax paid.

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