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Merrill Lynch

1/11/18 9:00 am EST

Merrill Lynch Wealth Management today announced it will add new client-to-advisor texting capabilities as part of an enhanced suite of digital features designed to make it easier for clients to collaborate with their financial advisors. The texting option is part of a rapidly growing range of resources available to the firm’s nearly 15,000 financial advisors. These include advanced advisor websites, a mobile client relationship management application, integrated social media capabilities and a more...

12/6/17 9:30 am EST

To many Atlanta residents, providing for family (76 percent), having a family (53 percent) and making a difference in the lives of those in need (43 percent) are much more essential to their success than tallying personal and career-related achievements.

In fact, only 10 percent of Atlanta residents believe having an impressive resume or having a million dollars in the bank are key factors to success.

These sentiments are in line with all Americans, who also believe providing for family (73 more...

12/5/17 11:30 am EST
  • S&P 500 expected to climb to 2800 next year, despite sharp mid-year correction

  • Inflation could be a global game-changer for stock and credit markets

  • Global economic growth accelerates; U.S. GDP capped by productivity and wages

more...
12/4/17 9:00 am EST

As the definition of success changes across the nation, Chicagoans are leading the charge in prioritizing family. In fact, 78 percent of residents say providing for family is most essential to their definition of success, compared to 73 percent of all Americans. Close relationships are also key to Chicagoans’ definition of success with almost one-third reporting a close-knit social circle contributes to their success.

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12/4/17 9:00 am EST

The definition of success is changing in Dallas/Fort Worth and across the country. Almost three-quarters of both Dallas/Fort Worth residents and Americans believe being able to provide for family is most essential to defining success.

In comparison, monetary and career-focused advancements are seen as far less essential. In fact, only 13 percent of Dallas/Fort Worth residents say being a millionaire is essential to their definition of success, and 11 percent consider having an impressive resume more...

12/4/17 9:00 am EST

While Phoenix-area residents were most likely to say they are knowledgeable about the Great Recession (49 percent) compared to those who live in other cities, it doesn’t mean they are willing to cut back on spending to save for the future. In fact, they are the least likely of those surveyed nationally to cut back on going out (30 percent versus 39 percent nationally) or delay buying a home (9 percent versus 18 percent nationally) to save money for the long run.

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12/4/17 9:00 am EST

Compared to all Americans surveyed, Southern California residents believe their investment habits are more “successful” (57 percent versus 48 percent nationally) today than they were 10 years ago. Southern Californians also believe their investing habits have been more “responsible” (60 percent versus 54 percent nationally) and more “forward-looking” (57 percent versus 52 percent nationally) over the past decade.  

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12/1/17 9:00 am EST

Uniquely shaped by their coming-of-age during the Great Recession a decade ago, millennials demonstrate a “do-it-myself” mindset as they continue to pursue financial independence and self-sufficiency. According to the latest Merrill Edge® Report, when asked what they’ll be able to rely on in 20 years, millennials’ top response was their savings account (66 percent) – a self-created and self-funded source. more...

11/13/17 8:30 am EST

Merrill Edge today announced the launch of a new stock research experience designed to help the self-directed investor make more informed investing decisions about thousands of U.S. equities. Based on two years of behavioral research, design and technical development, the enhanced capability offers the research and insights that investors may need when choosing stocks. The easy-to-use interface brings together stock research, market data and analysis from multiple leading industry providers. more...

11/1/17 1:00 pm EDT

A Merrill Lynch study, conducted in partnership with Age Wave, finds that the 40 million1 family caregivers in the U.S. spend $190 billion per year on their adult care recipients. Despite the financial, emotional and functional challenges in this life stage, preserving the dignity of their loved one is their primary goal. The vast majority of caregivers (91 percent) are grateful they could be there to provide care, and 77 percent say they “would more...

9/7/17 11:45 am EDT

Bank of America Merrill Lynch (BofA Merrill) has received top honors from The Banker magazine in its Investment Banking Awards, being named Most Innovative Investment Bank of the Year 2017. The award recognizes the firm for its strategically oriented Corporate and Investment Bank, built on long-term relationships, and its ability to pair advisory and funding capabilities.

This is the second time BofA Merrill has won Most Innovative Investment Bank, having also received The Banker’s top award in more...

9/7/17 10:30 am EDT

Merrill Lynch Wealth Management announced today that 119 of its financial advisors were named to a newly created list of 500 of the nation’s top young wealth advisors compiled by Forbes and SHOOK Research -- topping its nearest competitor by more than 30 advisors.

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8/30/17 9:30 am EDT

Kiplinger’s Personal Finance publication awarded Merrill Edge a No. 1 ranking in its 2017 Best Online Brokers list in a tie with Fidelity. This accolade highlights Merrill Edge’s commitment to supporting and empowering clients throughout their financial lives by delivering extraordinary service and care.

In the ranking, Merrill Edge earned 4.5 stars out of 5 overall. It received 5 out of 5 stars for its tools and research; 4.5 out of 5 for its mobile platform; and 4 out of 5 stars for more...

6/1/17 9:00 am EDT

Released today, a new study finds that 56 percent of employees are stressed about their financial situation. The latest Bank of America Merrill Lynch Workplace Benefits Report reveals that among those who are stressed, 53 percent say it interferes with their ability to focus and be productive at work. The study also found that employers can play an important role in improving the financial lives of their employees. more...

5/31/17 9:00 am EDT

While millennials across America now strive for a new milestone of financial freedom, Los Angeles and Orange County residents are on the fence about their long-term intentions. Half of Southland residents are saving to achieve financial freedom, the amount of money needed to live their desired lifestyle, and half are saving for retirement, the amount of money needed to leave the workforce. On a national level, 63 percent of millennials are saving for financial freedom, while Gen Xers and baby more...

5/31/17 9:00 am EDT

Phoenix residents are mirroring millennials across the country as they start to plan long-term for financial freedom instead of retirement. Fifty-seven percent of Phoenix residents and 63 percent of millennials in the United States are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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5/24/17 9:03 am EDT

Chicagoans and older Americans across the country are saving for retirement, while younger Americans across the country are saving long-term for financial freedom. Sixty-three percent of millennials nationwide are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Chicagoans (52 percent) and older Americans, including Gen Xers and baby boomers (55 percent), are saving to leave the workforce.

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5/24/17 9:00 am EDT

Atlanta residents are mirroring millennials across the country as they start to plan long-term for financial freedom instead of retirement. Fifty-seven percent of Atlanta residents and 63 percent of millennials in the United States are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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5/24/17 9:00 am EDT

South Floridians may be ahead of the curve, following the national shift of millennials planning for financial freedom over retirement. Fifty-three percent of South Floridians and 63 percent of millennials nationally are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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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...