Merrill Lynch is an investment company, owned by the Bank of America, that provides one-on-one assistance to its investors. Its offerings include financial advice, asset and risk management, and trust services among others. In this article, we covered Merrill Lynch reviews and pricing. Ready to get started? Visit its website.
Summary of Positive Merrill Lynch Reviews
As of the date this article was written (March 14, 2019), there are no positive Merrill Lynch reviews online. If you are a past or current Merrill Lynch customer, leave a review to help others who are deciding whether or not to invest with the company.
Summary of Negative Merrill Lynch Reviews
Users who gave negative Merrill Lynch reviews complained that its customer support is subpar and that its agents are difficult to work with. They also said that they lost money to the company due to its many additional charges and poor investment strategies made by their financial advisors.
One user who gave Merrill Lynch a negative review on ConsumerAffairs complained that she lost a total of $17,000 due to the company’s excessive fees and bad investment decisions.
Merrill Lynch Pricing
The Merrill Lynch pricing scheme for its miscellaneous account maintenance and service fees are as follows: Account Maintenance ($25 to $300/account/year), Cash Management ($0 to $50+/transaction), Transfer and Termination ($50 to $95/transaction), Wire Transfer ($30/transaction), and Investment ($5 to $500/transaction).
|Accounts or Services|
|Transfer and Termination|
*Transaction fees for investment services are significantly lower for Merrill Lynch accounts in comparison to that of third-party accounts.
Ready to get started with Merrill Lynch? Visit its website.
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Merrill Lynch Services
Check out the list below of some of Merrill Lynch’s services:
- Trust, Investment, and Wealth Transfer Services
- Investment Advisory
- Alternative Investments
- Custom Lending
- Margin Lending
- Retirement Services
- And more
Merrill Lynch FAQ
Can I monitor my accounts remotely?
Yes, you can. You may download the MyMerrill mobile app from the App Store and the Play Store.
Can I meet with a Merrill Lynch financial advisor if I am based outside the United States?
The Merrill Lynch international offices are limited to U.S. territories, like Guam and Puerto Rico.
Merrill Lynch Alternatives
Have you read these Merrill Lynch reviews and are still not sure if it’s the right fit for you? Read our reviews of all top investment companies or check out one of these three Merrill Lynch competitors.