Merrill Lynch

2/7/19 9:00 am EST

A new study by Merrill Lynch conducted in partnership with Age Wave finds nearly half of Americans ages 55 and older do not have a will, despite the widely held belief that people should have their end-of-life affairs in order before they turn 50. Furthermore, only 18 percent of people over the age of 55 have all three expert-recommended legacy plan essentials, which include:

1/30/19 9:00 am EST

Bank of America today announced that it will expand eligibility for commission-free online stock and ETF trades through Merrill Edge. This benefit has been available for clients enrolled in the higher tiers of the Preferred Rewards program for the past four years and will extend to all enrolled clients, regardless of tier, starting in the second quarter of this year.

Launched in 2014, Preferred Rewards is a first-of-its-kind, comprehensive loyalty program based on a client’s full relationship across Bank of America banking and/or Merrill Edge and Merrill Lynch more...

1/3/19 9:00 am EST

Merrill Edge today introduced Fund Story, a new research experience designed to help self-directed investors more easily evaluate mutual funds and ETFs, including holdings, costs and ratings. This innovative feature is designed to provide investors a greater understanding of their assets and ultimately help them make better investing decisions.

The new experience complements Stock Story, Merrill Edge’s award-winning stock research more...

12/4/18 2:05 pm EST

Showing its age, the long bull market cycle of excess stock and bond returns is expected to finally wind down next year, but not before one last hurrah, according to BofA Merrill Lynch Global Research, which today issued its outlook for the global markets and economy in 2019. The bear market vibe at the end of 2018 is expected to continue, with asset prices finding their lows in the first half of the 2019 once rate expectations peak and global earnings expectations trough; however, BofA Merrill Lynch also forecasts a record high peak more...

11/30/18 9:00 am EST

Matters of the heart are quickly becoming worries of the wallet, as 56 percent of Americans say they want a partner who provides financial security more than “head over heels” love (44 percent). This sentiment is held by both men and women (54 percent, compared to 57 percent), whereas Generation Z (born between 1996 and 2010) is the only generation to choose love (54 percent) over money (47 percent).

These findings come from the latest more...

11/30/18 9:00 am EST

Atlanta residents are prioritizing money over love, as 55 percent of Atlantans say they want a partner who provides financial security more than “head over heels” love (45 percent). While both genders agree, women are slightly more likely than men to prioritize financial security over love (57 percent, compared to 51 percent).

This reliance on others mirrors national trends from the latest Merrill Edge Report, which explores Americans’ increasingly complex relationship with their money, significant others and financial futures. more...

11/13/18 10:00 am EST

BofA Merrill Lynch Global Research today announced the launch of BofAML Data Analytics, an effort focused on analyzing big data and using predictive analytics to complement the firm’s award-winning Research product.

“Data has never been so plentiful or easy to access, but the ability to leverage it for actionable investment insights has been a challenging and rare capability until now,” said Candace Browning, head of BofA Merrill Lynch Global Research. “With BofAML Data Analytics, we are combining the best thinking of our experienced research analysts with the power of data to more...

10/24/18 9:00 am EDT

The 2018 U.S. Trust Study of High Net Worth Philanthropy, published today in partnership with the Indiana University Lilly Family School of Philanthropy, finds that wealthy Americans continue to be generous with more...

10/18/18 9:00 am EDT

Bank of America Merrill Lynch today announced innovations to its retirement client experience to help companies address the wide-ranging financial needs of their employees. The enhancements, which span multiple touch points including online, mobile and one-on-one support, are designed to help meet employees’ growing need for holistic and personalized guidance on their path to financial wellness.

Financial wellness programs deliver tangible benefits for employees and employers alike, which may result in more...

10/9/18 1:15 pm EDT

Merrill Lynch Wealth Management today announced that it will launch a new national event series to discuss issues that matter most to women investors across the country. The events will be held in 10 U.S. cities over the next two years and will address topics such as the cost of health care, balancing family financial support with retirement goals, investing with impact and leaving a lasting legacy.

The series kicks off with an event in Scottsdale, Arizona on October 9 featuring:

  • Lisa Genova, neuroscientist and author of New York Times best-seller “Still Alice.” more...
10/4/18 11:30 am EDT

Bank of America today announced that it is introducing a new feature that will allow clients to move seamlessly between the Bank of America, Merrill Lynch, Merrill Edge and U.S. Trust mobile apps without having to re-authenticate. The new feature is part of a broader approach designed to make it easier for clients to manage their banking and investing activities in one place.

This more...

10/2/18 4:30 pm EDT

BofA Merrill Lynch Global Research today announced it has commenced research coverage of exchange-traded funds (ETFs). The firm will initially cover more than 100 U.S. large, mid-cap and sector ETFs based on an innovative and proprietary rating methodology developed to provide additional value to the firm’s institutional and wealth management clients.

“We have actively supported a yearslong effort to allow broker dealers’ research departments to begin covering ETFs as we felt strongly it would serve the best interests of our clients,” said Candace Browning, head of BofA Merrill more...

10/2/18 10:00 am EDT

Parents in the U.S. now spend $500 billion annually on their 18- to 34-year-old adult children – twice the amount they contribute each year to their retirement accounts ($250 billion)1, according to a new Merrill Lynch study conducted in partnership with Age Wave. The study also found that nearly two-thirds of parents report having sacrificed their own financial security for the sake of their children. Even with the financial challenges and sacrifices, over 90 percent of parents say that parenting is the most rewarding aspect of their lives.

more...
9/11/18 9:00 am EDT

Bank of America announced today that Merrill Edge® has surpassed $200 billion in investment assets under management and more than 2.5 million accounts. Merrill Edge’s growth represents a 54 percent increase over the past three years.

Merrill Edge is a streamlined financial platform that offers more...

8/1/18 9:00 am EDT

Released today, a new study finds the vast majority of employers and employees1 agree that financial wellness programs offered in the workplace are effective. However, participation may be hindered by a disconnect between employers and employees on what matters most to support financial wellness. About one-third (31 percent) of employees participate in these programs, despite the fact that many report struggling financially. The 2018 Bank of America Merrill more...

6/25/18 1:00 pm EDT

Starting this week, Merrill Lynch clients will be able to use their Merrill Lynch mobile app to scan and send paper documents to their financial advisors using the latest in a series of enhancements to the mobile app designed to make the financial lives of clients easier and more secure. The new scanning feature uses the device’s camera to capture images of each page and converts them into a single PDF file, which clients can then securely send to more...

6/7/18 9:01 am EDT

Nearly one in three Atlanta residents says their financial stability is dependent on receiving an inheritance. In line with their national counterparts, they are most likely to depend on financial assistance from their parents (19 percent, respectively), significant others (9 percent, compared to 8 percent nationally), children (7 percent, compared to 4 percent nationally) and grandparents (6 percent, respectively). 

This reliance on others mirrors national trends from the latest Merrill Edge Report, which found 33 more...

6/7/18 9:00 am EDT

One in three Americans says their financial stability is dependent on receiving an inheritance. This is even true for 20 percent of baby boomers, many of whom are facing retirement, 36 percent of Gen Xers and 32 percent of millennials.

For Gen Z, today’s youngest generation (ages 18-22), this number jumps to 63 percent, despite a strong majority (87 percent) describing their approach to financial decisions as “do-it-myself.” In fact, Gen Z is most likely to rely on financial assistance from their parents (32 percent more...

5/17/18 9:00 am EDT

Private capital is being called upon to solve some of the world’s most pressing social and environmental issues. At the same time, the business and investment worlds appear to be focused increasingly on the short term. In two new white papers, the Chief Investment Office of Bank of America’s Global Wealth and Investment Management division examines these converging trends and assesses the risks and benefits of impact investing. 

Deconstructing Risks in Impact Portfolios more...

5/2/18 9:00 am EDT

Merrill Lynch and Merrill Edge today launched five new portfolios incorporating environmental, social and governance (ESG) factors in response to growing demand for investments with the potential to produce positive societal outcomes without sacrificing financial returns.1

Designed by the Global Wealth and Investment Management (GWIM) Chief Investment Office (CIO), the new CIO Core Impact Portfolios incorporate the CIO’s disciplined investment process, portfolio construction views, portfolio management and oversight more...