/BS << /O /Layout << << Best Interest Disclosure Statement Please retain for your records Merrill Lynch, Pierce, Fenner & Smith Incorporated. /Annotation /Span Access to a wide range of investment solutions from Merrill and banking products from Bank of America. $250,000+. /StartIndent 27.0 29 0 obj /Type /Annot 9 0 obj 223 0 R 224 0 R 224 0 R 225 0 R 226 0 R 227 0 R 228 0 R 229 0 R 230 0 R 231 0 R Take control of your spendingand saving with. 1 Merrill does not provide tax advice. /TextIndent -9.0 /ProcSet [/PDF /Text] 0000067298 00000 n call 855.332.5920. >> All applications for LMA accounts are subject to approval by Bank of America, N.A. endobj /SpaceAfter 3.0 The Bank can change its collateral maintenance requirement at any time without notice to you. /P 26 0 R >> >> >> /StructParent 4 tI:nr,F6FMON1uq%hOb~s& Le%~))G*me$y7I'$e>9GQ/Gcu q- Mdd--f6vNtG"_1@3hvZ|$l#YcW2MTTiT{:R_J7H@ci{XNIyR )y}/lM$jK[\n$m8 Kr[rW4zhD)=\}xERj A2+NvE0MW'jbYGVlkf. /SpaceBefore 9.0 3 0 obj /Count 10 MLPF&S is a registered broker-dealer,registered investment adviser,Member SIPCand a wholly owned subsidiary of BofA Corp. 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. endobj >> Answer some questions and we'll suggest a couple of advisors best suited to your needs. There may be adverse tax or other consequences to you if securities are sold or otherwise liquidated by the Bank. Log in. << /S /TH The account minimum is zero (0$) The negative of Merrill Lynch account. null 152 0 R 153 0 R null 154 0 R null 155 0 R null 156 0 R 157 0 R /W 0 Past performance does not guarantee future results. /Suspects false endobj The LMA account requires a Merrill account and sufficient eligible collateral to support a minimum credit facility size of $100,000. /StructParent 7 /A 288 0 R /Parent 3 0 R Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. /Rotate 0 I'm Jonathan and I've been sharing my discoveries about money since 2004. 4.87% APY. The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. /K [47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R 56 0 R 0000004180 00000 n 82 0 R 83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R Talk to your Merrill advisor to see if Margin can help you tap into the value of your investments and support your larger financial strategy. >> Past performance does not guarantee future results. /Count 17 << << << /ViewerPreferences << These risks include the following: Carefully choosing the quality of your investments you borrow against and the amount you borrow can help reduce the likelihood of a maintenance call. Personal and investment real estate purchases, Business startup or expansion or acquisitions, Diversification for concentrated securities positions, Strategy Paper: How business owners can unlock capital. /A 292 0 R Margin loans are used to cover transactions in a margin account when there isnt sufficient cash and money account balances for the transaction. /MC0 6 0 R endobj /Order [[ 6 0 R] /W 0 << When considering a securities-based loan, consideration should be given to individual requirements, portfolio composition and risk tolerance, as well as capital gains, portfolio performance expectations and investment time horizon. $100,000+. << /Pa1 << /W 0 /Pa13 << Equal Opportunity Lender. /Type /Annot Beginning April 1, 2015, EMA accounts will no longer be valued together with . Merrill Lynch is one of the best cash management accounts you can have, and more so if you are a beginner. Uncovering opportunities. %PDF-1.5 /S /GoTo As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment approach to address your needs and pursue your goals. By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. /O /Layout /P 282 0 R /Encoding 15 0 R /Kids [21 0 R 63 0 R 64 0 R 65 0 R 66 0 R] The client can lose more funds than deposited in such collateral account. 1Preferred Rewards Program Eligibility. << /Properties << endobj /Pages 3 0 R High options fees as well as margin interest. 21 0 obj /S /TH /Usage 20 0 R /A 174 0 R >> /Artifact /P >> >> /P 4 0 R The LMA account is a full-recourse loan and you will be liable for any deficiency. /S /S << $100,000 - $249,999. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /PageWidthList << Additional information is available in ourClient Relationship Summary. /LineHeight 8.0 By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. >> /RoleMap 28 0 R You should consult your legal and/or tax advisors before making any financial decisions. He also mentioned taking a long against our 401k and using the sale of our house to pay down the house price (I agree with this). endstream Clients should consult their own independent tax and legal advisors. /StructParent 2 EmHHziS60ivUKf?x8YQ$.VGEEP?`):MD,s.Ayr*N>,4cjim h"O! !XK#FDg0a]pV}*G yYi!#\E*6>UMA A$Mieog[XIXih][9(45-Tn=FpLtqPD#l{TZ^b"0`KMlfXW|L(V3]'+1Q O&\T}nn7\6U9|G1/JD 5zw YP8[D|# pU'4&4mwff(M1Y5$C p>~~:tG5;:GK>L0D7S'S>Fj}difkPb?+%[Sd#mg4f6Ijg0&>I`s _]nj}Ir!n/Xrtcq2ADa~uIr@-VU9I%pE$+ Y]CTKD;r0d| 0000003120 00000 n We will attempt to notify you of margin calls, but we are not required to do so. >> /Nums [0 [49 0 R 47 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R 56 0 R 58 0 R >> /PageLayout /OneColumn Past performance does not guarantee future results. The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. Bank of America Private Bank clients qualify to enroll in the Diamond tier, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. Some restrictions on the use of LMA account proceeds may apply under the terms of the loan documents and applicable laws and regulations. It is important that you fully understand the risks involved in using margin. But it also requires a comparatively high annual fee and only provides the minimum amount of FDIC protection. /O /Layout /A 183 0 R Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. /K 247 0 R /Type /Page >> Many retirement plans allow you to take a loan up to (1) the greater of $10,000 or half of your vested account balance or (2) $50,000 minus any outstanding loan balances* whichever is less. /Usage 20 0 R << endobj 18 0 obj Bank of America Private Bank is a division of Bank of America, N.A. One Bryant Park. You also will be responsible for any shortfall in the account after such a sale. 6 0 obj /Encoding << Some restrictions may apply to purpose loans and not all managed accounts are eligible as collateral. 0000093939 00000 n /Type /StructTreeRoot Bank of America Private Bank is a division of Bank of America, N.A. /S /S Diversification does not ensure a profit or protect against loss in declining markets. /Type /Pages Answer some questions and we'll suggest a couple of advisors best suited to your needs. /A10 << endobj << HWmoVp>UvEm[UI 27 0 obj 21 0 obj /CropBox [0.0 0.0 603.0 774.0] 2 0 obj /Subtype /Artwork /K 244 0 R In a 3 -year back -test, Bloomberg reports a . /A 179 0 R (YT4qKTQuOUCThVIS6w-5CQ) 39 0 R (qcjKsBZ_m0izlbalVhEfRQ) 40 0 R (zDS1U1Dmok-LPIntoqJb9g) 41 0 R] You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. /Border [0 0 0] Bank of Americas suite of banking products and services. /O /Layout endobj /StructParent 9 the FA stated the SBL account interest rates were lower than conventional mortgage rates, the financial advisers could continue to manage the Claimants' assets in the accounts and earn more than the SBL . /Type /Annot 22 0 obj These changes in our policy may take effect immediately and may result in the issuance of a maintenance margin call. 41 0 obj may demand full repayment at any time. LMA loans charge interest, and may be subject to fees and other charges, all as set forth in the LMA agreement and documents. >> This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Clients should consult their own independent tax and legal advisors. endobj 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R 147 0 R 148 0 R 149 0 R 150 0 R 151 0 R << /Type /StructTreeRoot I am rather simple minded when it comes to finances but reading up on this subject it sounds like it's a Pledged Asset loan.His thoughts make it sound like we can get a LMA for around 2.5% or less, we do not need to pay back on a set schedule, we can keep our money in stock and continue to have it grow/dividend. << /Name (D) /MarkInfo << New York, NY 10036. This material does not take into account a clients particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. %PDF-1.6 /Pa24 << 0000069014 00000 n He is working on a plan but I wanted to get your guys thoughts on what he was suggesting. Access to a wide range of investment solutions from Merrill and banking products from Bank of America. /Names 4 0 R /Type /Annot null 93 0 R null null 94 0 R null null 95 0 R 96 0 R null endobj /Subtype /Link /Rect [56.8499 432.37 136.151 448.135] ] /A 184 0 R << endeavors to anticipate . /P 279 0 R Take advantage of pricing based on your overall relationship. 14 0 obj /Type /Pages Available nationwide, Merrill Preferred Deposit account is offering 4.50% APY on your funds with a minimum opening deposit of $100,000. /Annots [11 0 R 12 0 R 13 0 R 14 0 R 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R >> << 4 0 obj << 4 0 obj >> Have questions for your financial advisors? You should consult your legal and/or tax advisors before making any financial decisions. /LineHeight 8.0 94 [199 0 R 200 0 R 201 0 R 202 0 R 203 0 R 204 0 R 205 0 R 206 0 R 207 0 R 208 0 R 13 0 obj Merrill CD choices. This material does not take into account a clients particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Accounts with more than a million dollars in idle cash earn 0.30%, which is still very low. /Border [0 0 0] /ColorSpace << >> 0000033844 00000 n 162 0 R 163 0 R 164 0 R 165 0 R 166 0 R 167 0 R 168 0 R 169 0 R 170 0 R 171 0 R A decline in the value of your collateral assets may require you to provide additional funds or securities to avoid a collateral maintenance call. endobj 0000003471 00000 n *see current rates here. =Exx'~` Consult your tax advisor for tax advice about margin interest deductibility. 5 0 obj /S /Document Depending on your financial circumstances, needs, and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401 (k . It may also make you eligible to earn higher interest rates by putting you in a higher asset tier. endobj . /Length 0 U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. You can also obtain current yield and interest rate information by contacting your Merrill Lynch financial advisor or Merrill Edge /K 218 0 R endobj /LineHeight 10.0 /LastModified If the equity in your account falls below the maintenance margin requirements or Merrills higher house requirements, we can sell the securities or other assets in any of your accounts held by us to cover the margin deficiency. /A 177 0 R /BS << << Do we lose the house and stocks or just stocks? /Font << 90 [123 0 R 124 0 R 125 0 R 126 0 R 127 0 R 128 0 R 129 0 R 130 0 R 131 0 R 132 0 R 37 0 obj /MediaBox [0.0 0.0 603.0 774.0] 43 0 obj I bought the place with cash from the LMA then refinanced into a mortgage with Bank of America. /O /Layout /BS << 185 0 R 186 0 R 187 0 R 188 0 R] The LMA account is uncommitted and Bank of America, N.A. /XObject << For fixed rate and term advances, principal payments made prior to the due date will be subject to a breakage fee. <]>> Brokered CDs can be traded on the secondary . endobj 8 0 obj /StructParent 5 >> 0000014451 00000 n endobj /First 61 0 R /A 293 0 R >> CD purchased through Merrill are known as "brokered CDs." A Merrill brokerage account is required for a brokered CD. /NumberofPages 1 /S /TH /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior 31 0 obj Borrow with floating interest rates, based upon the Merrill Base Lending Rate (plus a spread), total relationship size, and amount borrowed. /MediaBox [0.0 0.0 612.0 792.0] endstream Get timely insights on what's happening with the markets & global economy to help you stay on track. /Pa8 << /ParentTreeNextKey 104 For all other accounts, the terms are in your account agreement and disclosures. A decline in the value of securities that are purchased on margin may require you to provide additional funds to use to avoid the forced sale of those securities or other securities or assets in your account(s). 0000021608 00000 n << >> << No set repayment schedule if you maintain the required level of equity in your account. 15 0 obj /P 26 0 R /Differences [24 /breve /caron /circumflex /dotaccent /hungarumlaut /ogonek /ring /tilde 39 /AcroForm 2 0 R 0000032985 00000 n /Pa5 << Is the LMA a fixed interest rate or variable? /A 297 0 R stream /ordmasculine 188 /onequarter /onehalf /threequarters 192 /Agrave /Aacute /Acircumflex /Atilde As a Merrill client, you can purchase CDs through Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill) from various banks, including Bank of America, N.A. << /Type /Border >> Is this LMA thing crazy or a good idea? /SpaceAfter 4.0 << 1. /H /I are . (DDM_zq-UIkCHmgB-1EGp2w) 34 0 R (FbBoOIB1aUeU-9YtpzOypg) 35 0 R (OK7nydjdCUato9gtgGrldw) 36 0 R (SMVzWBbYQEyv6Y8Uc5E7xQ) 37 0 R (T6ilJfqchU-HY-3u-uxNsQ) 38 0 R /T1_0 32 0 R Investing involves risk. /Parent 23 0 R 19 0 obj No set repayment schedule if you maintain the required level of equity in your account. 0000004141 00000 n /Type /Outlines endobj /TT1 34 0 R No reviews yet . You should review the LMA Loan Agreement and related documents and disclosures carefully and consult with your own independent tax and legal advisors. >> 0000063724 00000 n Lacks future options or cryptocurrency trading. 0000033921 00000 n /Pa17 << Heres how you can get started with an advisor: Clients should contact their Merrill financial advisor for a personalized version. 82 0 R null 83 0 R null 84 0 R null 85 0 R null null 86 0 R << Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. << Get timely insights on what's happening with the markets & global economy to help you stay on track. 1 0 obj 5 0 obj The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. << Bank of America, N.A.("the Bank") can force the sale or other liquidation of any securities or other investment property in the collateral account and, unless otherwise required by law, can do so without first contacting you. APY Rate. 0000066900 00000 n null null 142 0 R null 143 0 R null null 144 0 R 145 0 R null << /A 289 0 R Banking products are provided by Bank of America, N.A. >> 0000010245 00000 n The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. << /ID (FbBoOIB1aUeU-9YtpzOypg) /A 295 0 R /Name (Guides and Grids) 13 0 obj /Length 1778 /W 0 /Subtype /Type1 /S /S >> Answer some questions and we'll suggest a couple of advisors best suited to your needs. << /ID (1z5iCHn8_Ei1o4N-F68ucQ) 102 0 R 103 0 R 104 0 R 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R /Rect [56.8499 303.761 118.24 319.527] /W 0 /H /I /StructParent 88 >> /Tabs /S endobj Rest is Roth and 401k invested in Vanguard Index funds. 92 [141 0 R 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R 147 0 R 148 0 R 149 0 R 150 0 R It is important to understand the differences, particularly when determining which service or services to select. /CropBox [0.0 0.0 612.0 792.0] >> Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. /ExtGState << /W 0 >> /Fields [] >> /Contents [22 0 R 23 0 R 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R] /LineHeight 10.0 << /S /TH /Type /Border There is always the potential of losing money when you invest in securities. << << For the remaining USD LIBOR settings, after June 30, 2023, the overnight and 12-month USD LIBOR settings are expected . endobj /Rect [53.2498 207.926 141.2 223.691] /S /Sect Credit and collateral are subject to approval. Margin is not appropriate for all investors. 1 You have choices about what to do with your 401 (k) or other type of plan-sponsored accounts. /Border [0 0 0] /H /I You can lose more funds than are held in the collateral account. 91 [133 0 R 134 0 R 135 0 R 136 0 R 137 0 R 138 0 R 139 0 R 140 0 R 141 0 R] 0000094056 00000 n As a forward -looking term rate, BSBY. Savings I Bonds May 2023 Inflation Rate: 0.90% Fixed, 4.30% Total Composite Rates, Bilt Mastercard: Earn Rewards For Paying Rent w/ Any Landlord (May 1st Promo + 1,000 Easy Points), Citi Rewards+ Card Review: 25,000 Bonus Points, 0% Intro APR on Purchases for 15 Months, AllAmerica and Redneck Bank: 4.80% APY Money Market, 5.05% APY Rewards Checking, 5.15% APY CDs, 5.00% APY No-Penalty CDs, 5.05% APY Savings via SaveBetter, The iShares 0-3 Month Treasury Bond ETF (, The PIMCO Enhanced Short Maturity Active Bond ETF (. /A 181 0 R The client can lose more funds than deposited in such collateral account. 0000067546 00000 n endobj endobj /Intent [/View /Design] endobj /Resources << /Title <4C6F616E204D616E6167656D656E74204163636F756E74AE2041677265656D656E74> This is not a commitment to lend; you must submit additional information for review and approval. For more information about these services and their differences, speak with your Merrill financial advisor. /O /Layout endobj /Strikeout /Span endobj /Font << /O /Layout /Name (US Consumer Privacy Notice) << 10 0 obj /Count 5 /Name /Helv /A 182 0 R /ParentTreeNextKey 22 /Type /Annot /LineHeight 10.0 /SpaceBefore 4.0 /Resources << There is always the potential of losing money when you invest in securities. /Rect [182.112 147.558 197.615 138.262] 123 0 R null null 124 0 R 125 0 R null 126 0 R 127 0 R 61 0 R null /Pa22 << /Font << Securities-based financing involves special risks and is not for everyone. /C /Pa3 /ID (YT4qKTQuOUCThVIS6w-5CQ) /Type /OCG 0000003517 00000 n For more information about these services and their differences, speak with your Merrill financial advisor. John of Aberdeen, OH Verified Reviewer. null 133 0 R null null 134 0 R 135 0 R null 136 0 R null 137 0 R endobj https://www.ml.com/solutions/lma-account.html, https://www.investopedia.com/terms/p/pledgedasset.asp. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /BaselineShift 2.664 This is not the case. /SpaceAfter 9.0 >> Because the securities or other assets are collateral for the margin loan, we have the right to decide which securities or other assets to sell in order to protect our interests. 42 0 obj /K [252 0 R 253 0 R] Online options spreads are limited to two legs. There is always the potential of losing money when you invest in securities. /Subtype /Link /Kids [6 0 R 7 0 R] 193 0 R 194 0 R 195 0 R 196 0 R 197 0 R 198 0 R 199 0 R] /Type /Annot stream /StartIndent 25.0 /A 175 0 R /A 180 0 R >> /Contents ( Securities Investor Protection Corporation \(SIPC\) ) 39 0 obj Our way of showing you our appreciation with premium benefits andrewards around the different ways you work with us.. endobj >> 151 0 R 152 0 R 153 0 R 154 0 R 155 0 R 156 0 R] 96 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R 258 0 R 259 0 R 260 0 R 261 0 R You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. /Annots [36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R 45 0 R] >> /Rect [56.8499 142.832 139.744 158.598] /S /Note << /Type /OCG Owner. Merrill Preferred Deposit Rate. /Subtype /Link << You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. /Direction /L2R In each overdraft statement cycle, Finance Charges are figured by applying a daily periodic rate of .049315% (18% << . (BANA) that uses securities in eligible Merrill accounts as collateral. /Type /Font 0000006020 00000 n << stream >> Brokerage Account(" "). /S /S << 3 0 obj /0 603.0 /StructParent 6 t%\)p.OxKwLr}(cdFNDH1:X}x|BY-46CrYJv8b)T#,?a. << If you have any questions or concerns about margin and the margin lending program, please contact the Merrill Investment Center at 855.332.5920. endobj Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. We are planning to move to Seattle from Atlanta in the next 3ish months. >> Save Money By Splitting Doses of Frontline Plus Flea Medication - Up to 90% Savings! Talk to your advisor about how these solutions might fit into your financial strategy. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. /C /Pa3 /K [72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R /Marked true endobj 30 0 obj << . Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. >> /TT0 33 0 R /K 228 0 R /BS << Debit Balance. You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. When you purchase securities, you may pay for the securities in full, or if your account has been established as a margin account with the Margin Lending Program, you may borrow part of the purchase price from Merrill, thereby leveraging your investment. Use these tools and calculators to track your cash and retirement savings and to manage your investments. Default cash sweep. /P 26 0 R Bank of America Private Bank is a division of Bank of America, N.A. EMA account(s) determines the interest rate you receive on deposits in the Merrill Lynch Bank Deposit Program. The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. xref All rights are reserved. /H /I >> /Filter /FlateDecode A general purpose loan must be repaid within five years, or it will be treated as a taxable distribution. /W 0 Equal Opportunity Lender. 12 0 obj /Bibliography /BibEntry /First 22 0 R /Nums [86 [72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R All securities are subject to credit approval and Bank of America, N.A. << << >> /Outlines 11 0 R /TextAlign /Center Sorry, I have lots of them: If we go for a 100% fiance via this LMA do we need to move our money from our current brokerage (etrade) to ML or do we just sign a contract that they can take the stocks from us if needed? This is not a commitment to lend. Banking products are provided by Bank of America, N.A. 0 Investing involves risk. >> endobj endobj I recently used a Merrill Lynch LMA to buy a place. 21 0 R] An extension of credit based on eligible securities youpledge as collateral from qualified Merrill brokerage accounts. /K 223 0 R No interest payments required, interest will be added to your balance at the end of each month, provided sufficient credit is available. These rates are valid for self-directed retail . /Title () >> >> /LineHeight 10.0 << /EmbeddedFiles 18 0 R /DR << /RBGroups [] Posted on December 7, 2016. WCMA. 1146 49 and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. /0 212 /ID (T6ilJfqchU-HY-3u-uxNsQ) 1. >> /Length 0 /W 0 250 0 R 251 0 R 169 0 R 170 0 R 171 0 R 172 0 R 252 0 R 253 0 R 254 0 R 255 0 R Merrill Edge gets high marks when it comes to account fees: There are no partial transfer, annual or inactivity fees for brokerage accounts. >> /Length 1660 /A 176 0 R /InlineShape /Figure stream /Lang (en) How to Earn Merrill Preferred Deposit Rate. 20 0 obj in any brokerage account with Merrill Lynch. The securities or other assets in any collateral account may be sold to meet a collateral call without notice to the client, the client is not entitled to an extension of time on the collateral call, and the client is not entitled to choose which securities or other assets will be sold. Solutions tohelp you pursue a variety of savings goals. 0000032447 00000 n >> 15 0 obj endobj There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. /P 298 0 R /LineHeight 10.0 Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. >> /Pa9 << Margin interest expenses may also be exempt from the Alternative Minimum Tax (AMT). Merrill does not provide tax advice, so please consult your tax advisor for tax advice about margin interest deductibility. /LineHeight 8.0 0000021569 00000 n >> For us, success is about helping you reach your goals, not a number. 22 0 obj /Type /Annot /TextIndent 5.0 /ParentTree 27 0 R << >> << Interest rates and yields Yield information on money market mutual funds and any deposits held at the Merrill Lynch Affiliated Banks is included on your Merrill Lynch account statement. /Filter /FlateDecode Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. >> endobj 12 111 0 R 13 111 0 R 14 118 0 R /Annots [42 0 R] /BS << >> /Name (Layer 1) The securities or other assets in any collateral account may be sold to meet a collateral call without notice to the client, the client is not entitled to an extension of time on the collateral call and the client is not entitled to choose which securities or other assets will be sold. 87 [86 0 R 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 101 0 R 102 0 R Talk to your Merrill financial advisor about whether an LMA accountmight be appropriate for you. 15 124 0 R 16 130 0 R 17 134 0 R 18 144 0 R 19 151 0 R /PDFDocEncoding 15 0 R /Border [0 0 0] 99.6% correlation with 1M LIBOR .

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