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Merrill Lynch

5/19/17 9:00 am EDT

Millennials are charting unexplored territory as the first generation to plan for financial freedom instead of retirement, according to the latest Merrill Edge® Report. Sixty-three percent of millennials are looking to achieve the amount of savings or income necessary to live their desired lifestyle, which drastically differs from most (55 percent) Gen Xers and baby boomers who are saving to leave the workforce. more...

4/3/17 3:00 am EDT

Bank of America Merrill Lynch continues to make its mark as one of the world’s leading corporate supporters of the arts, and announces that grant applications are now open for the 2017 Bank of America Merrill Lynch Art Conservation Project. The company welcomes and encourages applications from not-for-profit cultural institutions with art requiring conservation. The deadline for submissions is Friday, 21 April and applicants can learn how to apply online at http://museums.bankofamerica.com/ more...

3/24/17 9:00 am EDT

Merrill Edge® has again been recognized as one of the top online brokers in several industry-leading reviews and rankings: Barron’s, StockBrokers.com, and the International Service Excellence Award. The recognition highlights Merrill Edge’s excellence in customer service, research and technology, with mobile app function and capabilities commended.

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3/13/17 9:00 am EDT

Merrill Lynch Wealth Management today announced that 305 of its financial advisors were named top advisors in their states on Barron’s 2017 “America’s Top 1,200 Advisors: State-by-State” list, the ninth consecutive year that Merrill Lynch has had the most advisors on the list.

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3/9/17 9:00 am EST

Merrill Edge today announced a comprehensive redesign of its award-winning mobile app that lets investors personalize their mobile experience to help make informed investment and planning decisions from iPhone or Android devices. As more clients live their lives on the go, they can now use new planning tools, track account activity, monitor markets, place trades and interact with portfolio data through an intuitive experience on the Merrill Edge mobile app. more...

3/1/17 9:00 am EST

Merrill Lynch Wealth Management today announced major enhancements to its mobile apps and other technologies in recognition of the growing use of mobile, social and web technologies in their clients’ personal and professional lives. The new capabilities include the ability to initiate wire transfers from mobile devices, and enhancements to existing features of its client website, MyMerrill.com™, including e-signature and My Financial Picture. Merrill Lynch reports a 25 percent increase in more...

2/15/17 11:00 am EST

Today, Bank of America Merrill Lynch released a breakthrough new study, which revealed major gaps in retirement readiness. Among pre-retirees, the survey discovered that half don’t have any positive financial role models and consider finance topics too taboo to discuss openly. Furthermore, financial decisions are the most second-guessed of any major life decisions, and people are more concerned about their personal economy than the overall more...

2/14/17 9:00 am EST

Bank of America today announced that it is enhancing how it engages with clients interested in pursuing positive environmental and social outcomes through impact investing. For several years, client-facing professionals from the company’s Merrill Lynch Wealth Management, U.S. Trust and Merrill Edge businesses have been winning and deepening relationships through goals-based conversations. During these meaningful discussions, clients are more...

2/8/17 9:00 am EST

Merrill Edge announced today the nationwide public launch of its online advisory platform, Merrill Edge Guided Investing, the latest addition to its continuum of investment offerings — and an intuitive new online investing service that combines expert insight with the convenience and flexibility of online management.

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1/12/17 9:00 am EST

Bank of America today announced that Merrill Edge has been designated a top online stock broker for 2017 by NerdWallet, as part of the personal finance site’s 2017 “Best-of Awards” program for investing. The online brokerage was lauded for its stock trading services and ranked as one of two investment firms for the best in the “Research” category.

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1/12/17 9:00 am EST

Bank of America today announced that Merrill Edge online brokerage received two “Gold Monitor Awards” and three “Silver Monitor Awards” in Corporate Insight’s 2016 e-Monitor Awards Report. The recognitions highlight Merrill Edge’s digital offerings, as well as the value and service provided to their customers.

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12/19/16 9:00 am EST

Bank of America Corporation today announced that its Merrill Edge Investment and Advisory contact centers have once again achieved the distinction of J.D. Power Certified Contact Centers, recognizing the streamlined investment service for providing “An Outstanding Customer Service Experience” in the live phone channel for the sixth year in a row.

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12/7/16 11:30 am EST

BofA Merrill Lynch Global Research today issued its outlook for the markets in 2017 with cautious optimism for accelerating U.S. and global economic growth, improving corporate fundamentals, modest stock gains and higher yields on expectations of fiscal stimulus and regulatory policy easing. Full-on optimism is tempered by the rippling effects of rising inflation, a stronger dollar, weak credit markets, uncertain commodity pricing, and game- more...

12/2/16 9:00 am EST

The majority (74 percent) of today’s Atlanta labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 90 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (80 percent) of today’s Chicago labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 77 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (75 percent) of today’s Orange County labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. In contrast, 64 percent of area retirees said they are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (78 percent) of today’s Dallas area labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 60 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (73 percent) of today’s Los Angeles-area labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 77 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (80 percent) of today’s New Jersey labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. In contrast, 89 percent of area retirees said they are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (82 percent) of today’s Phoenix labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 68 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (78 percent) of today’s San Francisco labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 80 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

The majority (80 percent) of today’s South Florida labor force expects they will continue to work during retirement, whether for income, to keep busy or pursue a passion. This is a stark contrast to the 78 percent of area retirees, who are not currently working or never have during their golden years.

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12/2/16 9:00 am EST

Younger generations may never experience retirement as it’s defined today, according to the latest Merrill Edge® Report. The majority (83 percent) of millennials plan to work in retirement, whether for income, to keep busy or to pursue a passion, which is a complete inverse of the 83 percent of today’s retirees who are not currently working or never have during their golden years. more...

11/23/16 12:04 pm EST

Following an annual review in accordance with its rules, the target constituent weights for the BofA Merrill Lynch Commodity Index eXtra (MLCX) will rebalance to the values shown in Table 1 below on December 31, 2016. Similar changes will propagate across the MLCX sub-indices.

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11/17/16 9:00 am EST

As 401(k) plan engagement continues to rise, new data from Bank of America Merrill Lynch shows how plan design can be critical to encouraging positive savings behaviors, especially among millennial participants. According to the latest Plan Wellness Scorecard1, 24 percent more employees are enrolled and contributing to their company’s retirement savings plan in the first half of 2016 compared to last year, and millennial participants (ages 21–34) generated more contribution rate increase more...