Merrill Lynch

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...

4/18/19 8:00 am EDT

A new study by Merrill conducted in partnership with Age Wave finds that financial independence defines adulthood today (75 percent) – more so than the traditional milestones of employment (61 percent), homeownership (30 percent) or starting a family (20 percent). However, due to mounting debt, higher costs of living and other hurdles, 80 percent of early adults (ages 18-34) say it is harder to become financially independent than it was for previous generations. Seventy percent of baby boomers, the parents of most of today’s early adults, agree. more...

3/1/19 6:00 pm EST

Bank of America today announced that Eric Schimpf will now lead the company’s Community Markets strategy in addition to his current role as Southeast Division executive for Merrill Lynch Wealth Management. Schimpf succeeds Benjamin Prince, who has decided to retire. Prince, who led the Community Markets strategy since March 2017, is retiring following a 24-year distinguished career with the company, during which he held several leadership positions. Prince looks forward to moving back to the East Coast where he grew up and has family. more...

2/28/19 12:00 pm EST

Merrill Edge was recognized in Barron’s 2019 Best Online Brokers review, receiving four out of five stars for the sixth consecutive year and ranking fifth overall, up a spot from sixth in 2018. 

This ranking follows the 2019 annual review by StockBrokers.com, which ranked Merrill Edge No. 1 for “Overall more...

2/25/19 11:34 am EST

Bank of America today shared additional updates to its brand positioning and logos that represent continued evolution of the brand that began in November 2018

The company, which reported record 2018 earnings and was named Euromoney’s 2018 World’s Best Bank and the only bank on the 2019 Fortune Best Large Companies to Work For, introduced the question “What would you like the power to do?” as the centerpiece of its repositioning in 2018. This reflects the more...

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...