Merrill Lynch

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...

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...