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.
Highlights
Auto Track Available
+0.90%
Asset Class Return•30d
#39 Rank
In Robo Advisor•30d
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, FUTURES
Managed by Merrill pros: Expert-built portfolios
Earn $600 with new Merrill Edge acct, code: 600ME
See inside MoneyMade’s 6-figure multi-asset portfolio
6-Figures
12+ Assets
50+ Platforms
4yr+ Returns
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
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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