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Deposit net new assets of at least $20,000 into your Merrill Edge account within 45 days of opening the account. Maintain that balance for at least 90 days.
Merrill Edge is an electronic trading platform and investment advisory service that provides self-directed and guided investment options for individuals and businesses. It is a subsidiary of Bank of America and was launched in 2010 after the merger between Merrill Lynch and Bank of America. Merrill Edge offers a wide range of investment ...
Minimum balance to open an account: $0 Merrill Edge With no minimum investment, Bank of America’s Merrill Edge is another good option for beginning investors — particularly if you’re a Bank ...
Special memorandum account ( SMA) [1] is a margin credit account used for calculating US Regulation T requirements on brokerage accounts. In addition to Initial Margin and Maintenance Margin requirements, the SMA ledger is used to lock in unrealized gains that augment the client's buying power. According to Regulation T, Section 220.5: [2]
Website. www .merrill .com. Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated ), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities.
Minimum balance to open an account: $0 Merrill Edge With no minimum investment, Bank of America’s Merrill Edge is another good option for beginning investors — particularly if you’re a Bank ...
The best brokerage account depends on your needs, like trading frequency, investment types and user experience. Some of the top brokerage accounts to consider are E-Trade, Charles Schwab and Fidelity.
Merrill Edge. Account minimum: $0. Fees: $0 stock and ETF trades, ... Investing in a traditional 401(k) account can help lower your taxable income and grow your retirement balance. This can save ...