Merrill Lynch

9/24/20 9:00 am EDT

Bank of America today announced findings from its 10th annual Workplace Benefits Report, which reveals 62% of employers feel “extremely” responsible for their employees’ financial wellness today, compared to 13% in 20131. This more...

9/2/20 9:00 am EDT

Bank of America today announced that the Chief Investment Office (CIO) has introduced initiatives to promote the representation of women and people of color among asset managers on its wealth management platform and across the industry. Multiple studies reflect the potential for strong investment results by diverse teams.1 In light of this, the CIO is now incorporating diversity analysis into the review and selection of all existing and new asset managers who are available to Merrill and Bank of America Private Bank clients.

  • In the first quarter of this year, the more...
9/1/20 9:00 am EDT

Bank of America today announced the addition of new model portfolios to its investment advisory platform, broadening its suite of model portfolios available exclusively to Merrill clients. The expanded lineup provides Merrill financial advisors with a broader range of choices and additional flexibility when developing personalized portfolios aligned to each client’s unique goals.

With the additions, eight new investment managers will now offer model portfolios in the Merrill Lynch Investment Advisory Program, including Capital Group, Eaton Vance, Invesco, John Hancock Investment more...

8/31/20 9:00 am EDT

At a time when clients are engaging heavily through digital channels, Bank of America has announced enhancements to its mobile banking app as part of its ongoing commitment to delivering a personalized digital experience for clients’ banking, investing and lending needs. Within the mobile app, millions of Bank of America banking clients with either a Merrill investing or retirement relationship or a Bank of America Private Bank relationship can now benefit from convenient, easy and safe access to:

  • An integrated view of accounts: Clients can view all of their more...
8/26/20 9:00 am EDT

Merrill Lynch Wealth Management today announced the results of a new study which found that younger married women surveyed, under the age of 45, are twice as likely as older married women to be financial decision-makers in their family (63% vs. 37%). The research also found that, throughout the industry, women surveyed feel overwhelmingly positive about their financial advisor relationships, reporting higher levels of satisfaction and that they’re more likely to recommend their advisor than men.

Published today, “Seeing the Unseen more...

6/30/20 9:00 am EDT

Bank of America today announced that its wealth management businesses, including Merrill Lynch Wealth Management and Bank of America Private Bank, have been recognized by a trio of industry organizations for leadership in digital engagement and innovation. These recent awards recognize the company’s ongoing investments in new initiatives designed to deliver a superior client and advisor experience and help drive responsible growth.

“We’re honored to be recognized by the industry in so many ways,” said Andy Sieg, president of Merrill Lynch Wealth Management. “While the more...

2/12/20 9:00 am EST

Bank of America today announced the launch of Financial Life BenefitsTM, a suite of workplace benefits and solutions designed to help meet the near- and long-term financial needs of our corporate clients’ employees. Through this offering, Bank of America brings together traditional financial benefits – including 401(k)1, health care savings2, equity compensation1, and non-qualified deferred compensation plans1 – with a corporate employee banking and investing offering that can help more...

2/3/20 9:00 am EST

Bank of America today announced that its Merrill Edge Self-Directed platform has been recognized with several top rankings and awards. The recent accolades reflect the bank’s ongoing commitment to delivering industry-leading client care, innovative experiences, integrated banking and investing offerings, and intuitive tools to help clients pursue socially responsible investing.

“We are relentlessly focused on delivering a superior client experience and providing clients the insights they need to pursue their more...

12/9/19 8:00 am EST

Bank of America today announced the expansion of unlimited commission-free online stock, ETF and option trading to all Merrill Edge Self-Directed investors.1 Zero-dollar trades, together with the firm’s powerful combination of personalized guidance, straightforward tools, professional expertise and the industry-leading Preferred Rewards program, ensure Bank of America and Merrill clients can pursue their financial goals through a more...

12/3/19 11:30 am EST

Key drivers of this year’s late-cycle bull market gains are expected to shift as the global markets enter the new year, according to BofA Merrill Lynch Global Research, which was recently named Institutional Investor’s top research firm in the world. In its year-ahead outlook, the research team forecasts a bottoming of economic growth in the spring as trade war tensions ease, and relatively low recession risk.

Key highlights include:

  • Stocks are expected to outperform bonds handily in 2020 as the global economy bottoms out in the first quarter, while monetary more...

11/13/19 9:30 am EST

For the seventh time since the recognition began in 2011, Bank of America Merrill Lynch has been named Institutional Investor’s “Top Global Research Firm of the Year.” BofA Merrill Lynch Global Research won 234 total team positions – more than any other firm – in the eight Institutional Investor research team surveys published throughout 2019.

“Our analysts around the world produce consistently high-quality research across all asset classes with the goal of delivering integrated, unique insights to our clients,” said Candace Browning, head of BofA Merrill Lynch Global Research. “ more...

10/28/19 8:00 am EDT

Bank of America today announced that it has added 40 new model portfolios to its investment platform, providing clients and advisors greater choice and flexibility when developing personalized portfolios aligned to each client’s unique goals. Available exclusively to Merrill Lynch Wealth Management clients, the new model portfolios have been created and are managed by BlackRock, JP Morgan, Franklin Templeton and Natixis Investment Managers.

Since launching model portfolios under its Chief Investment Office (CIO) in 2017, the company has expanded its suite of offerings with CIO more...

10/21/19 8:00 am EDT

Bank of America today announced that Merrill Edge Self-Directed will expand its zero-dollar online trade benefits, offering unlimited commission-free stock, exchange-traded fund (ETF) and option trading to clients in all tiers of its Preferred Rewards program.1 This expansion further enhances the benefits of this unique program, which rewards members for their full relationship across Bank of America deposit and Merrill more...

9/19/19 9:00 am EDT

Bank of America today announced findings from its annual 2019 Workplace Benefits Report, which reveals that more than twice as many companies are offering workplace financial wellness programs to employees today compared to four years ago (53 percent today versus 24 percent in 2015). However, awareness and understanding of critical health care savings and caregiving support benefits are lacking.

Now in its ninth edition, this report tracks the importance of benefit programs and uncovers an more...

7/31/19 9:00 am EDT

Bank of America today announced the findings of a new study conducted by Merrill Private Wealth Management, which found that 64 percent of wealth holders have never talked with family members about how or why they intend to pass on their assets. While 48 percent plan to communicate this information eventually, or assume family members already know, 10 percent vow never to divulge details of their estate plan primarily because they consider it personal and no one else’s business. But is that a good decision?

“This research is designed to help families make better decisions and more...

6/17/19 9:00 am EDT

Bank of America today announced local findings from the latest Merrill Edge® Report which reveal that 89 percent of Atlantans are highly optimistic about the local economy over the next five years, and many plan to retire in the greater metro area.

This biannual study of more than 1,000 mass affluent respondents explores Americans’ evolving financial concerns and priorities. Based on an oversample of 300 Atlanta residents1, the latest report finds 71 percent of area respondents have started planning for retirement, more...

6/14/19 9:00 am EDT

Bank of America today announced findings from the latest Merrill Edge® Report, which reveals people are feeling simultaneously optimistic and overwhelmed by their finances. Merrill is committed to empowering clients and helping them plan for the future at every age and in every stage of their financial lives through a combination of tools, people and know-how across Merrill Edge more...

6/3/19 9:00 am EDT

Bank of America today announced the launch of Merrill Guided Investing with an advisor, a new offering that will deliver advice and guidance to clients through a Merrill Financial Solutions Advisor (FSA) and an enhanced digital platform.

“This offering completes a powerful continuum of wealth management capabilities virtually unmatched in the industry,” said Aron Levine, head of Consumer Banking and Investments for Bank of America. “This new high-tech and high-touch offering is designed to serve clients who want both more...

4/25/19 10:00 am EDT

Bank of America today announced the launch of a digital platform for health savings accounts (HSA) to make the tax-advantaged savings vehicle more accessible and easier to use. The new digital platform offers seamless integration between online and mobile channels, as well as:

  • A bar code scanner to validate qualified medical expenses via mobile devices.

  • Customized participant experience through more...