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Fiduciary and financial advisor are related terms, but they are not synonymous. Some fiduciaries are financial advisors, but the term also includes individuals who do not work in finance.
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 ...
Merrill Lynch rose to prominence on the strength of its network of financial advisors, sometimes referred to as the "thundering herd", that allowed it to place securities it underwrote directly. In contrast, many established Wall Street firms, such as Morgan Stanley , relied on groups of independent brokers for placement of the securities they ...
The best financial advisors are fiduciaries, which means they’re ethically bound to always act in the best interests of their clients and proactively disclose any potential conflicts of interest ...
Beyond that, you also have to be able to work with the advisor, meaning the advisor should treat you well, return your calls and generally meet promises. You don’t have time for anything else ...
Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities . The firm engaged in prime brokerage and broker-dealer activities and was headquartered ...
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