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Merrill Lynch

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...

11/7/16 9:00 am EST

Bank of America Chief Operating Officer Tom Montag will welcome attendees to the Bank of America Merrill Lynch Future of Financials 2016 Conference on Tuesday, November 15 at 8 a.m. Eastern Time in New York.

A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

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10/25/16 9:00 am EDT

Most wealthy individuals believe charitable giving (45 percent) and volunteering (31 percent) have the greatest potential for positive impact on society –far more so than voting for (13 percent) or contributing to (1 percent) a political candidate who shares their ideals on topics important to them – according to the 2016 U.S. Trust® Study of High Net Worth Philanthropy. more...

10/6/16 12:00 pm EDT

Bank of America today announced that John Thiel, current head of Merrill Lynch Wealth Management, has decided to step down from his position and will take on a new role as vice chairman of Global Wealth and Investment Management (GWIM), effective January 1, 2017.

Andy Sieg, current head of the company’s Global Wealth and Retirement Solutions division, will succeed Thiel as head of Merrill Lynch Wealth Management, effective January 1, more...

6/9/16 8:30 am EDT

Companies are embracing and promoting a culture that supports the financial well-being of their workers, as employees responded with increasing enrollment, participation and contributions over the last year, according to data released today from the Bank of America Merrill Lynch Plan Wellness Scorecard.1 Last year, total contributions increased by 14 percent, and the number of employees with balances grew 16 percent. A trend, the number of employees who took a positive savings action, either more...

6/8/16 3:27 pm EDT

Bank of America Merrill Lynch today announced the launch of a new electronic platform, Instinct® Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm’s ongoing commitment to providing liquidity to clients, strives to simplify and enhance the market by combining innovative technology with market-leading sales and trading professionals.

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6/2/16 9:00 am EDT

Merrill Edge has been recognized in five recent industry reviews, highlighting its excellence in customer service and educational resources, in addition to being named as one of the top online brokers by Barron’s.

“We’re honored to be recognized by these prestigious organizations, and we are proud of our growth in these rankings year-over-year,” said Aron Levine, head of Merrill Edge at Bank of America. “These annual awards are a great indicator of our ability to provide our clients with the more...