/W 0 >> /ID (OK7nydjdCUato9gtgGrldw) /StructParent 88 /TT0 33 0 R /H /I /Border [0 0 0] Right now it links to this PDF. You can satisfy the combined balance requirement for enrollment with either: i.a three-month combined average daily balance in your qualifying deposit and investment accounts or ii.a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account. /ClassMap 25 0 R /LineHeight 8.0 For fixed-rate advances and term loans, principal payments made in advance of the end of the applicable fixed-rate period, whether voluntarily or involuntarily, (due to demand or liquidation by the Bank,) may be subject to a substantial breakage fee as determined by the Bank. >> LMA loans charge interest, and may be subject to fees and other charges, all as set forth in the LMA agreement and documents. When considering a securities-based loan, consideration should be given to individual requirements, portfolio composition and risk tolerance, as well as capital gains, portfolio performance expectationsand investment time horizon. /Type /Page /CropBox [0.0 0.0 612.0 792.0] /Metadata 2 0 R 90 [123 0 R 124 0 R 125 0 R 126 0 R 127 0 R 128 0 R 129 0 R 130 0 R 131 0 R 132 0 R /O /Layout >> /Subtype /Link g-Y;-=8Cfdy-ff'@& wSs{Iauh -4Rkxo. /S /Note Is the LMA a fixed interest rate or variable? Additional information is available in ourClient Relationship Summary. -!X@!IQ \1u^G >> /BaseFont /Helvetica /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /OpenAction 10 0 R %PDF-1.7 /Pa0 << /Last 22 0 R /StartIndent 25.0 >> The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. >> CD purchased through Merrill are known as "brokered CDs." A Merrill brokerage account is required for a brokered CD. /Rect [56.8499 142.832 139.744 158.598] Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. endobj 138 0 R 63 0 R 64 0 R 65 0 R 66 0 R null 139 0 R null 140 0 R 141 0 R Father, husband, self-directed investor, financial freedom enthusiast, and perpetual learner. All our advisors are committed to putting your needs and priorities first. /Resources << Get timely insights on what's happening with the markets & global economy to help you stay on track. /Last 62 0 R >> 102 0 R 103 0 R 104 0 R 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R Loan Management Account (LMA account). << /O /Layout Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch Wealth Management Advisor. /MarkInfo << I'm Jonathan and I've been sharing my discoveries about money since 2004. /Rect [53.2498 249.223 141.2 264.988] Investing involves risk. >> A complete description of the loan terms can be found within the LMA account agreement. /Pa9 << <]>> Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. O5Gp#:C&;fX 0000032524 00000 n 24 0 obj Account fees: 5 out of 5 stars. Strategic borrowing and thoughtful use of credit can help you increase the power of your wealth to pursue your goals. /T1_1 56 0 R /S /S << . Rest is Roth and 401k invested in Vanguard Index funds. /Type /Pages endobj MyMoneyBlog.com is a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. 43 0 obj Talk to your Merrill financial advisor about whether an LMA accountmight be appropriate for you. /LastModified (D:20210921111132+02'00') >> >> /Outline /Span Heres how you can get started with an advisor: Clients should contact their Merrill financial advisor for a personalized version. << /H /I /Rect [53.2498 207.926 141.2 223.691] =Exx'~` /Pages 12 0 R /Pa12 << Connect with to continue the conversation. One Bryant Park. Terms and conditions apply. /Creator (Adobe InDesign 15.1 \(Macintosh\)) may demand full repayment at any time. /NumberofPages 1 /Rotate 0 endobj x}KF=E {k C7 $|CO`,Vf9* z["iAwss{NGw7~O?~_o0Cvw(:j3\9RP|:|r\c~8]\2OaU.-8l)0Y3.ZW,!3X"k+8]f\D#UK+cb\bjZ,x?}/to~ OS>N /A 280 0 R endobj You can always check current interest rates by scrolling to the bottom of any Merrill Edge page and clicking on the blue link "Deposit Account & Money Fund Rates". /Rect [56.8499 432.37 136.151 448.135] /W 0 /Footnote /Note /Suspects false %PDF-1.6 MLPF&S is a registered broker-dealer,registered investment adviser,Member SIPCand a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. /S /Note /ID (DDM_zq-UIkCHmgB-1EGp2w) << Brokered CDs can be traded on the secondary . 19 0 obj When do they ask for more funds? For us, success is about helping you reach your goals, not a number. 262 0 R 263 0 R 264 0 R 265 0 R 180 0 R 181 0 R 266 0 R 267 0 R 268 0 R 269 0 R 39 0 obj This Merrill Lynch Loan Management Account Agreement ("Agreement") . /Subtype /Link Save Money By Splitting Doses of Frontline Plus Flea Medication - Up to 90% Savings! This January, the Financial Industry Regulatory Authority (FINRA), fined Merrill Lynch $7 million for improperly supervising customers' use of leverage in their brokerage accounts. >> This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. /Nums [86 [72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R >> /TextIndent -5.0 >> A basic savings account offering tiered interest and relationship-based monthly maintenance feewaivers. /ParentTree 9 0 R >> /Type /OCG /Title <4C6F616E204D616E6167656D656E74204163636F756E74AE2041677265656D656E74> << /S /S /MediaBox [0.0 0.0 612.0 792.0] null 77 0 R null null 78 0 R 79 0 R null 80 0 R 81 0 R null HWYoF~B(."!uV#KYR',rwfl[Mwpr2:| >?1tF < Margin offers a source of liquidity with competitive rates that allows for timely market investments, diversification, stock option financing or short selling. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). 25 0 obj 14 0 obj 5 86 0 R 6 94 0 R 7 94 0 R 8 96 0 R 9 96 0 R /S /TH Copyright 2009-2023 ACM MEDIA LLC. /K [254 0 R 255 0 R] /Pa6 << Equal Opportunity Lender. >> /O /Layout You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. 82 0 R null 83 0 R null 84 0 R null 85 0 R null null 86 0 R You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. /ID (9d5pthEJs0mnLryxHkzzTw) startxref /Annots [42 0 R] %%EOF /S /TH Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. /H /I /BleedBox [0.0 0.0 603.0 774.0] stream 122 0 R 123 0 R 124 0 R 125 0 R 126 0 R 127 0 R 128 0 R 129 0 R 130 0 R 131 0 R Borrowing on margin and using securities as collateral involve certain risks. Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. You can lose more funds than are held in the collateral account. Also note that it may be more advantageous to pay cash than to use margin for smaller securities purchases. Margin is not appropriate for all investors. Diversifying your portfolio by purchasing securities that balance your holdings and potentially offset losses on existing securities. /SpaceBefore 4.0 /S /S You can use the LMA account as a convenient way to pursuea variety of personal and business financing needs, including: An LMA account is a secured line of credit that uses your eligible securities, such as stocks and bonds, as collateral. There is always the potential of losing money when you invest in securities. >> /First 22 0 R /O /Layout /Annots [11 0 R 12 0 R 13 0 R 14 0 R 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R It may also make you eligible to earn higher interest rates by putting you in a higher asset tier. Your failure to satisfy the call may cause us to liquidate or sell securities in your account(s). /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron /ID (qcjKsBZ_m0izlbalVhEfRQ) /XObject << /Name (rules) /AcroForm 2 0 R The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. /LineHeight 10.0 >> /K [72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R The highest rate is 1.06% with a $10 million cash balance (not $10 million in account value). The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. If the stock value goes from 3.3M to 1.7M and we are required to add funds but dont have any to add what does that look like. /SpaceAfter 3.0 0000033921 00000 n /Font << Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. /K 8 0 R /Type /Border >> >> /Filter /FlateDecode Programs, rates, terms and conditions are subject to change without notice. >> /Type /Metadata For Individual Investor Accounts, these terms are contained in the Margin Lending Program Client Agreement. /P 291 0 R 4 0 obj may demand full repayment at any time. /S /Sect This Regulation Best Interest Disclosure Statement (Disclosure Statement) provides . Some investors mistakenly believe that they must be contacted for a margin call to be valid, and that securities or other assets in their accounts cannot be liquidated to meet the call unless they are contacted first. an account enrolled in the Merrill Lynch Investment Advisory Program (" Investment Advisory Account ") or a Merrill account that is not enrolled in the Merrill Lynch Investment Advisory Program . He is working on a plan but I wanted to get your guys thoughts on what he was suggesting. /P 279 0 R 1146 49 << /Rotate 0 << 91 [133 0 R 134 0 R 135 0 R 136 0 R 137 0 R 138 0 R 139 0 R 140 0 R 141 0 R] /BS << 0000094306 00000 n /TT1 34 0 R << Our financial advisors are committed to putting your investing needs and priorities first. We put you first, every day. If you close an account . >> /A 182 0 R Borrowing against a portfolio of less-volatile securities, such as government bonds or blue-chip stocks. Loan Management Account, Merrill Lynch Consults, Merrill Lynch MFA, Merrill Lynch Mutual Fund Advisor, mymerrill.com, Personal Investment Advisory, RCMA, Signature Rewards. Are you planning to make a large purchase? 0000094181 00000 n /O /Layout ii. endobj << /Pa5 << >> >> /P 279 0 R For more information about these services and their differences, speak with your Merrill financial advisor. Debit Balance. /Encoding << Equal Opportunity Lender. /Pa1 << Merrill Lynch is one of the best cash management accounts you can have, and more so if you are a beginner. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. /Contents [43 0 R 44 0 R 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R] It is important that you fully understand the risks involved in using margin. /Endnote /Note Default cash sweep. /MarkInfo << Taking that next step forward. Margin Account Application. 112 0 R 113 0 R 114 0 R 115 0 R 116 0 R 117 0 R 118 0 R 119 0 R 120 0 R 121 0 R /O /Layout information about the scope and terms of the brokerage services that Merrill Lynch, /TT0 33 0 R For example, Betterment's cash management account, Betterment Cash Reserve, has a 4.35% APY**, whereas the average national interest rate on savings products is 0.39% APY. /BS << >> /P 26 0 R 92 [141 0 R 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R 147 0 R 148 0 R 149 0 R 150 0 R /Usage 20 0 R /Type /Pages >> /Diagram /Figure /igrave /iacute /icircumflex /idieresis /eth /ntilde /ograve /oacute /ocircumflex /otilde /Subtype /Type1 /LineHeight 10.0 /StructTreeRoot 4 0 R endobj Investing involves risk. /SpaceBefore 4.0 /Pa17 << /LineHeight 8.0 >> This is not a commitment to lend; you must submit additional information for review and approval. >> /Subtype /Link >> 0000067298 00000 n Bank of America Loan Management Account(LMA account), Bank of America Home Equity Line of Credit. /O /Layout /O /Layout 146 0 R 147 0 R null 148 0 R 149 0 R null null 150 0 R 151 0 R 150 0 R >> endobj 116 0 R 117 0 R 118 0 R 119 0 R 120 0 R 121 0 R 122 0 R 123 0 R] /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior /S /TH /Names 4 0 R We can sell your securities or other assets without contacting you. /GS0 52 0 R Access to a wide range of investment solutions from Merrill and banking products from Bank of America. endobj Hi! 10 0 obj /ID (T6ilJfqchU-HY-3u-uxNsQ) Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Tumblr (Opens in new window), https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf, Merrill Edge + Preferred Rewards = Up to $1,000 New Deposit/Transfer Bonus, Improved Credit Card Rewards, Tiicker: Shareholder Perks: New $100 Amazon GC Offer, Completed Sample IRS Form 709 Gift Tax Return for 529 Superfunding / Front-Loading, Amazon: Pay with Discover Card Points, Get $10 off $50 or 30%/$40 Off (Targeted), 5% Cash Back Cards: Amazon, Lowe's, Restaurants, Wholesale Clubs, Gas - April through June 2023. On November 30, 2016, the Financial Industry Regulatory Authority (FINRA) announced that it had fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and ordered the firm to pay approximately $780,000 in restitution for inadequately supervising its customers' use of leverage in their Merrill brokerage . /PageWidthList << /Properties << 30 0 obj U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. endobj /Metadata 3 0 R 13 0 obj Get timely insights on what's happening with the markets & global economy to help you stay on track. /Pa8 << /Type /Border The LMA account is an uncommitted facility, although loans to individuals and trusts may be committed in an amount not to exceed $100,000. /SpaceAfter 9.0 >> /C /Pa3 /P 294 0 R stream 0000026227 00000 n /TextAlign /Center /O /Layout /StartIndent 13.0 /A 289 0 R APY Rate. /A 281 0 R >> >> (i was a merrill lynch employee through read more. 123 0 R null null 124 0 R 125 0 R null 126 0 R 127 0 R 61 0 R null Additional information is available in ourClient Relationship Summary. endobj /S /S /K [47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R 56 0 R << New York, NY 10036. /Type /Pages /ViewerPreferences << /dotlessi /lslash /oe /scaron /zcaron 160 /Euro 164 /currency 166 23 0 obj /O /Layout /Parent 12 0 R /GS0 31 0 R >> (YT4qKTQuOUCThVIS6w-5CQ) 39 0 R (qcjKsBZ_m0izlbalVhEfRQ) 40 0 R (zDS1U1Dmok-LPIntoqJb9g) 41 0 R] /W 0 >> Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. << >> /K 223 0 R The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. << Talk to your Merrill advisor to see if Margin can help you tap into the value of your investments and support your larger financial strategy. /StructParent 2 It is important to understand the differences, particularly when determining which service or services to select. /Border [0 0 0] >> /ZaDb 17 0 R >> finder.com's rating: 2.8 / 5.0. /Type /Border /Kids [6 0 R 7 0 R] }3rpF@j,7/nr~o/Ob?`K6M[7)eLyzgtJC8ICOerJ_Vp[?ra'7Q You also will be responsible for any shortfall in the account after such a sale. /Subtype /Link /Type /Border 88 189 0 R 89 [106 0 R 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R 112 0 R 113 0 R 114 0 R 115 0 R /Border [0 0 0] /LineHeight 10.0 << /S /S You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. /Type /Annot Answer some questions and we'll suggest a couple of advisors best suited to your needs. /O /Layout /H /I /StructParents 11 U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. Investing involves risk. endobj /Pa18 << ] >> << /BaseFont /ZapfDingbats /A1 << Borrow with floating interest rates, based upon the Merrill Base Lending Rate (plus a spread), total relationship size, and amount borrowed. endobj 1194 0 obj <>stream /Rect [56.8499 351.499 116.615 367.265] >> /Type /Border /Type /Annot >> 0000004180 00000 n Margin interest expenses may also be exempt from the Alternative Minimum Tax (AMT). Merrill does not provide tax advice, so please consult your tax advisor for tax advice about margin interest deductibility. How plan loans work. /Pa10 << << /LineHeight 8.0 5 0 obj As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment approach to address your needs and pursue your goals. /SpaceAfter 3.0 >> >> Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /K 244 0 R Net Worth around 4.2M + 150-200k after sale of house. 2 0 obj << Accounts with more than a million dollars in idle cash earn 0.30%, which is still very low. On smaller securities purchases, a higher percentage of the transaction costs goes to commissions and interest charges, which are generally higher on smaller balances. All accrued finance charges on the Term Advance will be due and payable upon the earlier of (a)demand, or (b) monthly . >> /Oslash /Ugrave /Uacute /Ucircumflex /Udieresis /Yacute /Thorn /germandbls /agrave /aacute The SBL at Merrill Lynch was known as a Loan Management Account ("LMA"), and the SBL at UBS was known as a Variable Credit Line. /LineHeight 10.0 endobj << /SpaceAfter 9.0 /CropBox [0.0 0.0 612.0 792.0] /IDTree 19 0 R >> The LMA account is uncommitted and Bank of America, N.A. >> /Intent [/View /Design] You are invited to apply for a Home Equity Line of Credit (HELOC). /Intent [/View /Design] 12 111 0 R 13 111 0 R 14 118 0 R This accountoffered by Bank of Americafor Wealth Management clients offers tiered interest rates, discounts and waivers on everyday banking services. /Type /OCG null 93 0 R null null 94 0 R null null 95 0 R 96 0 R null 0000033844 00000 n /ExtGState << trailer /H /I We may be compensated by the businesses we review. /K 247 0 R /C /Pa3 96 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R 258 0 R 259 0 R 260 0 R 261 0 R Get timely insights on what's happening with the markets & global economy to help you stay on track. /Border [0 0 0] << /IDTree 19 0 R /LineHeight 10.0 We can increase our house maintenance margin requirements at any time and are not required to provide you advance written notice. /Rect [56.8499 448.135 121.533 463.901] 0000015597 00000 n Your financial advisor can help you choose the loan terms that work best for your individual situation. The Merrill Cash Management account, previously known as the Merrill Lynch Cash Management, offers more perks and privileges than most other cash management accounts. 8 0 obj /TextBox /Art /ID (5rXzBkHwmUul24RQfGc9CA) Merrill Lynch Affiliated Banks. 99.6% correlation with 1M LIBOR . 185 0 R 186 0 R 187 0 R 188 0 R] << 1 Merrill does not provide tax advice. 3,815. about 630 shares of BAC (bank of america) stock that i was. /SpaceAfter 3.0 Bachelor's Degree. /Rotate 0 endobj endobj >> /LineHeight 10.0 /Type /Border /O /Layout >> For fixed rate and term advances, principal payments made prior to the due date will be subject to a breakage fee. MLPF&S is a registered broker-dealer,registered investment adviser,Member SIPCand a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. /Type /StructTreeRoot >> 0000000016 00000 n /StartIndent 15.0 41 0 obj /Fm0 59 0 R Solutions tohelp you pursue a variety of savings goals. << /Names [(-3iqb6ZERkSf-Hc_vzJcOw) 29 0 R (1z5iCHn8_Ei1o4N-F68ucQ) 30 0 R (5rXzBkHwmUul24RQfGc9CA) 31 0 R (9d5pthEJs0mnLryxHkzzTw) 32 0 R (Cvo190tZT06b95QBF81TWw) 33 0 R For us, success is about helping you reach your goals, not a number. >> Get up to $700 when you fund a J.P. Morgan Self-Directed Investing account. /A 284 0 R Access to a wide range of investment solutions from Merrill and banking products from Bank of America. >> >> /A 293 0 R 256 0 R 257 0 R] 26 0 obj /TextIndent -15.0 Interest expenses associated with your Margin borrowing may be tax-deductible, up to net investment income earned in the account. << Merrill Edge gets high marks when it comes to account fees: There are no partial transfer, annual or inactivity fees for brokerage accounts. are . /T1_0 32 0 R /H /I /ON [6 0 R 7 0 R 8 0 R 9 0 R] /Subtype /Artwork A demand line of credit from Bank of America, N.A. Consult your tax advisor for tax advice about margin interest deductibility. $((HtTDo0g7A2rD 4$ [$tOo$O/)(FlZRKS3fq]kLh\lav:IC[^ d6Zp K?QYYFyx+H!poPN% Iwlav}X+BAX\aOteR8E^2=ZsO]~&f=x, Fr98F4utb*JR$:Zbnfg( << /P 287 0 R << Use eligible investments in your Merrill brokerage account as collateral for multiple loan from Bank of America. This is not the case. 0000093939 00000 n 1146 0 obj <> endobj The client can lose more funds than deposited in such collateral account. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. /LineHeight 8.0 << /Type /Border A flexible, generally lower rateway to access funds from a portion of your available home equity to help pay for the things that are most important to you help meet your personal financing needs. >> endobj (c) Overdraft. Your Merrill Lynch account statement indicates where your cash balances are currently held, deposited or invested, as well as recent yield information. /S /TH /Type /Font You are not entitled to choose which securities in the collateral account are liquidated or sold. /O /Layout 1 You have choices about what to do with your 401 (k) or other type of plan-sponsored accounts. In each overdraft statement cycle, Finance Charges are figured by applying a daily periodic rate of .049315% (18% Securities-based financing involves special risks and is not for everyone. /O /Layout 0000069014 00000 n For details on Bank of America employee qualification requirements, please visit the Employee Financial Services intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to enroll on customized terms. Please visit https://promo.bankofamerica.com/cebi-disclosures.> for details. 16 0 obj 14 0 obj >> /O /Layout /K 228 0 R << Further details are discussed below. /Icircumflex /Idieresis /Eth /Ntilde /Ograve /Oacute /Ocircumflex /Otilde /Odieresis /multiply endobj /A 183 0 R Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. I am rather simple minded when it comes to finances but reading up on this subject it sounds like it's a Pledged Asset loan.His thoughts make it sound like we can get a LMA for around 2.5% or less, we do not need to pay back on a set schedule, we can keep our money in stock and continue to have it grow/dividend. 0000010245 00000 n endobj /Type /Border A decline in the value of securities that are purchased on margin may require you to provide additional funds to use to avoid the forced sale of those securities or other securities or assets in your account(s). Merrill Edge Margin Rates. 13 0 obj 209 0 R 210 0 R 211 0 R 212 0 R 213 0 R 214 0 R 215 0 R] Equal Opportunity Lender. /brokenbar 168 /dieresis /copyright /ordfeminine 172 /logicalnot /.notdef /registered /macron /TT1 34 0 R << /A 278 0 R null 152 0 R 153 0 R null 154 0 R null 155 0 R null 156 0 R 157 0 R /Marked true /OriginalDocumentID 1 0 obj /Font << 37 0 obj 4 0 obj 223 0 R 224 0 R 224 0 R 225 0 R 226 0 R 227 0 R 228 0 R 229 0 R 230 0 R 231 0 R 19 0 obj << /Marked true /Subtype /Link 6 0 obj /A 283 0 R Continue to trade and manage investments you use as collateral, subject to certain restrictions. /Parent 23 0 R MLPF&S is a registered broker-dealer,registered investment adviser,Member SIPCand a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. /Subtype /Link There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties.
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