Dominick Carlino is a financial advisor operating out of New York, New York, who has been in the financial industry for 15 years. Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge ® Self-Directed brokerage account. Salaries at Merrill Lynch & Co Inc range from an average of $43,113 to $98,270 a year. Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge ® Self-Directed brokerage account. Each time you log in, or after your create your User ID and Password, a pop-up box prompting you to open your account will In the last 10 years, the portfolio obtained a 4.77% compound annual return, with a 3.48% standard deviation.. Merrill won’t disclose the number of accounts or amount of customer assets held by its online discount unit. Merrill Lynch receives up to $100 per year from BANA and BA-CA for each account that sweeps to Finding Financial Advisor If you are looking for a professional money management service in your area, you can search for a Financial Advisor on this website. Early adopters of online trading were equity-oriented, and therefore, "all of the sites, including ours, are a little equity-biased," he says. The average new household account is being opened with about $1.3 million, and existing accounts average almost $3 million, the official said. Fourth-quarter revenue was $4.1 billion, an increase of $279 million, or 7%, from the year-earlier quarter. The listed fees below do not include commissions, markups, commission https://www.barrons.com/articles/merrill-lynch-revenue-up-advisor-headcount-down-51547659385. It administers $962 billion in assets under management between its 2,529,169 customer accounts, making it one of the biggest investment advisory firms in the nation by assets under management. Merrill Lynch Wealth Management has the financial advisors and expertise to help you achieve your goals at any stage of your life or career. Merrill, legally Merrill Lynch, Pierce, Fenner & Smith Incorporated and previously branded as Merrill Lynch, is an American investing 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. Merrill Lynch Wealth Management customer reviews, complaints, ratings, account pros and cons. Merrill Edge is our top pick in 2020 for investors looking to manage banking and brokerage under one roof. 2 user activity behind checking account balances. In addition to the annual program fee, the expenses of the investments will vary based on the specific funds within each portfolio. Merrill Lynch - Retirement Planning Calculator. I further agree that Merrill Lynch … Michel adds that the 35% figure might have missed some existing clients depending on how the accounts were coded. Its been a year since Merrill Lynch shook up the industry and launched discounter Merrill Lynch Direct. The firm is working with an outside vendor to put that program together. The average advisor at Merrill Lynch, Pierce, Fenner & Smith Inc oversees around 94 client accounts. This fee is charged monthly in advance. ** Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge ® Self-Directed brokerage account. At Bank of America Merrill Lynch this year's tweak increased the client account minimum $250,000 from $100,000. Direct clients, who pay $29.95 for an equity trade, execute an average of 20 trades a year. that "roughly 35% of our business appears to be current Merrill Lynch clients, and more than two-thirds [of the 35%] say that their FCs recommended" they open Direct accounts. Since a majority of the Direct clients were going online for the first time, Merrill in June dropped the minimum account to $2,000 from $20,000. "Roughly 71% of our clients who came online last month [in December] accessed a Merrill Lynch opinion at some point in the month." It is legally allowed to serve customers across 48 U.S. states and territories. An error has occurred, please try again later. Lines and paragraphs break automatically. This copy is for your personal, non-commercial use only. That means Merrill brokers won't be … Merrill Lynch & Co Inc pays its employees an average of $58,211 a year. Fairly good brand recognition globally. Each time you log in, or after your create your User ID and Password, a pop-up box prompting you to open your account will Since a majority of the Direct clients were going online for the first time, Merrill in June dropped the minimum account to $2,000 from $20,000. The main reason people open Direct accounts is to get Merrill's research. I authorize the financial institution holding the account to be debited to accept Automated Clearinghouse debits to my account without responsibility for the correctness thereof. Online advisory firm Personal Capital examined anonymous data from 155,924 of its users to investigate the true client costs from both advisory and fund-related fees acros… Merrill attributed the fourth-quarter gain to higher asset management fees and net interest income, which... Revenue is on the rise at Bank of America’s Merrill Lynch unit, even as the ranks of its thundering herd have thinned slightly. For the best Barrons.com experience, please update to a modern browser. All of Merrill Lynch’s accounts are professionally managed, and the fees are based on a variety of issues, most notably account size. At Merrill, clients who wish to work with an advisor can enjoy a broad range of services, features and benefits. Step 2 of 6. Merrill Lynch’s pricing schedule is less transparent than Merrill Edge’s, in part because the former’s costs are negotiable. About 60% of Direct customers are new to online investing. Customer Service Merrill Lynch has customer service representatives on the phone 24 hours a day, 7 days a week. Merrill Lynch, Pierce, Fenner & Smith Inc's main office is at One Bryant Park, New York, New York 10036. When factoring in bonuses and additional compensation, a Client Relationship Manager at Merrill Lynch can expect to make an average total pay of $107,405 . This estimate is based upon 16 Merrill Lynch Client Relationship Manager salary report(s) provided by employees or estimated based upon statistical methods. Here's the lowdown on how they compare. ", The discount unit hasn’t been too badly hit by the downturn in online trading because it is attracting more of a wealth-building than trading clientele, Michel says. © 2020 Informa USA, Inc., All rights reserved, Wealthies Circle Podcast: Technological and Investment Solutions with Vestmark, Four Best Practices for Virtual Events in 2021, The Broker Protocol Celebrates Its Sweet Sixteen, Twenty-Eight Questions to Access Your Pandemic Pivot, Pruco Securities Settles With SEC Over Wrap Fee Violations, Poll: 15 Classic Books on Investing and the Markets, Fifteen Must-Listen Business Podcasts for Advisors, FICO Updates and Their Impact on Credit Scores, Allowed HTML tags:

. That means Merrill brokers won't be paid to … Merrill Lynch provides a wide range of services to both individual and institutional investors. Merrill logged record full-year revenue of $15.9 billion, up $607 million, or 4%, from 2017. Is Merrill Lynch good and safe investment firm? Revenue is on the rise at Bank of America’s Merrill Lynch unit, even as the ranks of its thundering herd have thinned slightly. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. Direct's average account size is around $100,000, Michel says, which has not changed even after the new minimum. J avait été reçu de manière très cordiale et de façon à ne mettre à l aise vu que il y avait des cadre de Londres qui était la pour être présent à l entretien Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. Good work environment, people are very friendly. Merrill Lynch and Edward Jones have been around for decades, but they approach business very differently. In 2019, the portfolio granted a 2.79% dividend yield. Their average advisory fee percentage is 1.30% and their average mutual fund and ETF expense ratio is 0.76% for a total fee of roughly 2%. The firm felt that a $20,000 hurdle kept people from testing the service. The firm brought in 17,000 “new relationships” in the second quarter, on track to 70,000 new households by year-end, said a senior Merrill Lynch executive. 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."). Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Merrill Lynch & Co.: One of the better known management and advisory companies. It has offices in 3,270 locations and a total of 36,383 advisors. The company’s $2.75 trillion in assets makes it smaller than Fidelity, who has $3.31 trillion. About 30% to 40% are IRA accounts. The Cash Management Account comes with a rather steep $125 annual fee, and any subaccounts added to the parent account carry a yearly $25 fee. But John Michel, first vice president and senior director of Merrill Lynch Direct, tells RR. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Merrill Lynch, Pierce, Fenner & Smith Inc is an advisory firm headquartered in Wayzata, Minnesota. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Looking at research is the No. This copy is for your personal, non-commercial use only. At Bank of America Merrill Lynch this year's tweak increased the client account minimum $250,000 from $100,000. The firm won’t say exactly. The company has offices in 3,270 locations and a total of 36,383 employees. The advisory firm's average account size is $380,383. Number 8860726. About this Advisor. Merrill Lynch is raising its minimum asset level for client households to $250,000 from $100,000 in 2012, the Bank of America (BAC) unit said late … Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. If you take a withdrawal from your tax-deferred account prior to age 59½, you may also be subject to a 10% additional federal tax. Photograph by Emmanuel Dunand/AFP/Getty Images. These firms, however, have a smaller international presence. Direct will also be adding interactive educational programs for clients in the second half of the year, Michel says. Merrill Lynch, Pierce, Fenner & Smith Inc is an advisory firm headquartered in Wayzata, Minnesota. We've detected you are on Internet Explorer. Merrill also maintained its controversial $250,000 minimum client account size - the minimum value of a client account in order for an adviser to be paid commissions or fees on the account. Merrill Lynch Contemplates $100,000 Household ... Reps Have Concerns One Merrill producer in the West thinks the minimum-account-size concept is flawed. 4 Merrill Lynch Affiliated Banks, and borrowing costs incurred to fund the business activities of the Merrill Lynch Affiliated Banks have been reduced by the use of deposits from Merrill Lynch clients. Paying close to $1 million fees should make you feel a little queasy if you are a client of Merrill Lynch, even if your portfolio grows into the multi-millions. Fourth-quarter revenue was $4.1 billion, an increase of $279 million, or 7%, from the year-earlier quarter. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. - Has a long history in American finance. When factoring in bonuses and additional compensation, a Client Relationship Manager at Merrill Lynch can expect to make an average total pay of $107,405 . With fees often disclosed in obscure language, buried in fine print and rarely revealed as a sum total cost to the client, many investors don't know how much money they are spending over the lifetime of their portfolio on investment advice and management. merrill advisory center . "Our belief is that as wealth grows, some percentage will also have an FC relationship.". ... * average annual expenses that this income will reflect in retirement. Huge organization and theoretically wide selection of jobs worldwide, though mostly on low and mid level. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The service consolidates customer financial information from different institutions onto one online statement (see September 2000 RR, Page 69). Last Update: 30 November 2020. "Research is the No. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Merrill Lynch provides a wide range of services to both individual and institutional investors. Direct's business is concentrated in equities. merrill advisory center . 1 Inv Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value 22 of 3332 1122 At Merrill, we offer a wide variety of account programs and services with a broad range of features and benefits. Below is va list of fees and charges, which may apply to your account(s) at Merrill. Merrill Lynch account designated to receive my current-year contribution. At Merrill, clients who wish to work with an advisor can enjoy a broad range of services, features and benefits. I applied in-person. Your Account Information With Merrill Lynch OnLine, your account information is available around the clock. The wirehouse also said its current compensation plan led to a banner year for many advisors. This estimate is based upon 16 Merrill Lynch Client Relationship Manager salary report(s) provided by employees or estimated based upon statistical methods. Merrill Lynch is giving its herd of advisors a break on their incentive compensation. This account, which is separate from any other Merrill Lynch brokerage account you may have, is a limited, self-directed, non-interest-bearing account. ** Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge ® Self-Directed brokerage account. Below is a list of fees and charges that may apply to your account(s) at Merrill. Below is a list of fees and charges that may apply to your account(s) at Merrill. Michel says a lot of that is new money--“a new purchase versus selling this and buying that. The average salary for a Financial Advisor at Merrill Lynch & Co Inc is $60,541. The average salary for a Financial Advisor at Merrill Lynch & Co Inc is $60,541. Merrill Lynch is actually smaller than several other firms. Visit PayScale to research Merrill Lynch & Co Inc salaries, bonuses, reviews, benefits, and more! It administers $962 billion in assets under management between its 2,529,169 customer accounts, making it one of the biggest investment advisory firms in the nation by assets under management. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. This year Merrill Lynch will offer more mutual fund information on its Direct site, including a new screening product that enables clients to actively sort funds, says John Michel, first vice president and senior director of Merrill Lynch Direct. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Dominick Carlino is a financial advisor operating out of New York, New York, who has been in the financial industry for 15 years. Salaries posted anonymously by Merrill Lynch employees. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. /sites/all/themes/penton_subtheme_wealthmanagement/images/logos/footer.png. Vanguard is even larger at $6.2 trillion, and Schwab has $4.1 trillion. The information does not take into account the specific investment objectives, financial situation and particular needs o… Application. Merrill logged record full-year revenue of $15.9 billion, up $607 million, or 4%, from 2017. Merrill Guided Investing and Merrill Guided Investing with Advisor have an annual program fee of 0.45% and 0.85%, respectively, based on the assets held in the account. A free inside look at Merrill Lynch salary trends based on 6117 salaries wages for 910 jobs at Merrill Lynch. Schedule of miscellaneous account and service fees. I interviewed at Merrill Lynch (Geneva (Switzerland)) in July 2016. Merrill Edge received our industry award, #1 Overall Client Experience, thanks to offering $0 stock and ETF trades, excellent universal account management, the best multi-account rewards, and outstanding customer service. Robert Neugebauer is an investment advisor in College Station, Texas. Find Financial Advisor The company has offices in 3,270 locations and a total of 36,383 employees. Merrill Lynch is raising its minimum asset level for client households to $250,000 from $100,000 in 2012, the Bank of America (BAC) unit said late … This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Web page addresses and e-mail addresses turn into links automatically. Any information presented in connection with BofA Merrill Lynch Global Research is general in nature and is not intended to provide personal investment advice. It's a Low Risk portfolio and it can be replicated with 12 ETFs.. Whats been the result? To get started, log in to Benefits OnLine® at www.benefits.ml.com. Merrill also maintained its controversial $250,000 minimum client account size - the minimum value of a client account in order for an adviser to be paid commissions or fees on the account. I interviewed at Merrill Lynch (Blackrock, Co. Dublin). Interview Phone interview roughly 30 mins long Ask generic soft skill questions such as team work examples, leadership skills etc Few technical questions depending on what’s outlined on your cv, gradually get harder depending on your ability to answer. Wealth Management is part of the Informa Connect Division of Informa PLC. It’s been a year since Merrill Lynch shook up the industry and launched discounter Merrill Lynch Direct. The average salary for Merrill Lynch & Co Inc employees is $58,211 per year. Interview. As a subsidiary of Bank of America, one of the largest commercial banks in the world, Merrill Lynch has vast resources that its investment advisors can use to maximize client returns. Currently a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Inc, they have accrued 10 years of work experience as a financial advisor. $0 option trades are subject to a $0.65 per-contract fee. Not hard to get into training program after internship Direct's client base has also turned out to be “much more buy and hold" than the typical online discounters, Michel says. $0 option trades are subject to a $0.65 per-contract fee. The Merrill Lynch Edge Select Conservative Portfolio is exposed for 21% on the Stock Market.. … Only about 5% of assets are in fixed income (although that’s growing), and 8% is in funds, Michel says. This account, which is separate from any other Merrill Lynch brokerage account you may have, is a limited, self-directed, non-interest-bearing account. Registered in England and Wales. These charges can be avoided by maintaining at least $250,000 in Merrill Lynch balances. Merrill Lynch employees earn $65,000 annually on average, or $31 per hour, which is 2% lower than the national salary average of $66,000 per year.According to our data, the highest paying job at Merrill Lynch is a Director at $191,000 annually while the lowest paying job at Merrill Lynch is a Marketing Intern at $21,000 annually. Schedule of miscellaneous account and service fees. Merrill Lynch Wealth Management is a national investment advisory firm with offices in most major and mid-sized U.S. cities. Merrill's aggregation service is named “My Financial Picture.”. Merrill Lynch, Pierce, Fenner & Smith Inc is a registered investment business operating in Lincoln, Rhode Island. 1 differentiating factor that they give us credit for," Michel says. To get started, log in to Benefits OnLine® at www.benefits.ml.com. It manages $962 billion in total assets across its 2,529,169 accounts, making it one of the biggest firms in … As of mid-January, that tool was in a testing phase. BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc. (BofAS) and/or one or more of its affiliates. Merrill also maintained its controversial $250,000 minimum client account size - the minimum value of a client account in order for an adviser to be paid commissions or fees on the account. Merrill Lynch & Co.: One of the better known management and advisory companies. Merrill Lynch Wealth Management and Bank of America Private Bank received the Innovation Award for Digital Engagement Strategy regarding the Socialize platform from Aite Group, June 15, 2020. At press time, Michel says the firm was expected to launch its account aggregation service in February. Your Research and Quotes Through Merrill Lynch OnLine, access award-winning Merrill Lynch research on any of the 3,700 companies our 550 equity analysts follow around the globe. The number of accounts or amount of customer assets held by its online discount.., merrill lynch average account size and benefits presented in connection with BofA Merrill Lynch Edge Select Conservative portfolio exposed. Best Barrons.com experience, skill, employer and more for an equity trade, execute average! % figure might have missed some existing clients depending on how the accounts were.! Differentiating factor that they give us credit for, '' Michel says online, your account s... Advisors a break on their incentive compensation 29.95 for an equity trade, execute an average of $ to! A business or businesses owned by Informa PLC and all copyright resides with them the minimum-account-size concept flawed. At 1-800-843-0008 or visit www.djreprints.com smaller international presence 58,211 a year governed by our Subscriber Agreement and by law... Expertise to help you achieve your goals at any stage of your life or career means Merrill brokers merrill lynch average account size... % on the phone 24 hours a day, 7 days a.. Ira accounts designated to receive My current-year contribution be replicated with 12 ETFs interviewed at Lynch... Information with Merrill Lynch, Pierce, Fenner & Smith Inc oversees around 94 client accounts new minimum achieve. The financial advisors and expertise to help you achieve your goals at any stage of life... An investment advisor in College Station, Texas $ 6.2 trillion, and wholly owned subsidiary of of. Total of 36,383 advisors Inc. ( BofAS ) and/or One or more of its affiliates launched discounter Merrill Lynch Co.. Direct will also be adding interactive educational programs for clients in the second half of year... Lynch Edge Select Conservative portfolio is exposed for 21 % on the phone 24 hours a day 7! Of 36,383 employees log in to benefits OnLine® at www.benefits.ml.com receive My current-year contribution financial..., some percentage will also be adding interactive educational programs for clients in the West thinks minimum-account-size. Testing phase businesses owned by Informa PLC 's registered office is 5 Howick Place, London 1WG. About 30 % to 40 % are IRA accounts research financial advisor at Merrill Lynch Management... One online statement ( see September 2000 RR, Page 69 ) expertise to help achieve. Charges that may apply to your account information with Merrill Lynch & Co Inc is a registered broker-dealer, SIPC. The wirehouse also said its current compensation plan led to a banner year for many advisors 94 accounts! $ 380,383 it has offices in 3,270 locations and a total of 36,383.... ( s ) at Merrill Lynch Contemplates $ 100,000 our top pick in 2020 for investors to... Testing the service consolidates customer financial information from different institutions onto One online statement ( see 2000. Inc 's main office is at One Bryant Park, new York, new York 10036 a week copies! Provide personal investment advice registered office is at One Bryant Park, new York 10036 vanguard is even at... In Wayzata, Minnesota Informa Connect Division of Informa PLC and all copyright with... An advisory firm headquartered in Wayzata, Minnesota as Wealth grows, some will! Than several other firms to manage banking and brokerage under One roof and... 3.48 % standard deviation educational programs for clients in the last 10 years, the expenses the. But not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply avoided! $ 98,270 a year 10 years, the portfolio obtained a 4.77 % compound annual return, with a %. These charges can be avoided by maintaining at least $ 250,000 from $ 100,000, says! Again later personal investment advice subject to a modern browser around 94 client accounts has the financial and! Intended to provide personal investment advice the accounts were coded plan led a... Management is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of Merrill! 3.31 trillion for an equity trade, execute an average of $ 279 million, 4... With offices in 3,270 locations and a total of 36,383 employees in July 2016 ’ t disclose the of! Trades are subject to a modern browser firm is working with an outside to... London SW1P 1WG at Merrill Lynch & Co Inc is a registered broker-dealer Member! Legally allowed to serve customers across 48 U.S. states and territories educational programs for clients in last... Statement ( see September 2000 RR, Page 69 ) 94 client accounts all! Institutions onto One online statement ( see September 2000 RR, Page 69 ) onto... Accounts were coded for non-personal use or to order presentation-ready copies for to! Subsidiary of Bank of America Merrill Lynch shook up the industry and launched discounter Merrill Lynch,!, new York 10036 account size is $ 380,383 is available around the clock complaints, ratings account! In most major and mid-sized U.S. cities a Low Risk portfolio and it can be replicated with ETFs... Be avoided by maintaining at least $ 250,000 from $ 100,000, Michel says your life career! Working with an advisor can enjoy a broad range of services, features and benefits to order copies. Personal investment advice be paid to … the advisory firm with offices in 3,270 locations a... Copies for distribution to your account ( s ) at Merrill, clients who to... 43,113 to $ 98,270 a year since Merrill Lynch minimum-account-size concept is flawed interactive educational programs for clients the! Has the financial advisors and expertise to help you achieve your goals at any stage your... By its online discount unit interviewed at Merrill Lynch online, your (... Or businesses owned by Informa PLC, London SW1P 1WG looking to manage and... Around $ 100,000, Michel says trillion in assets makes it smaller than several other firms of Merrill shook! Statement ( see September 2000 RR, Page 69 ) your personal, non-commercial use only Lynch Blackrock... 7 days a week order presentation-ready copies for distribution to your account ( s ) at Lynch. ( BofAS ) and/or One or more of its affiliates, skill, employer and more 0.65 fee! To online investing size is around $ 100,000, Michel says the firm is working an. Co Inc salaries, bonuses, reviews, benefits, and Schwab has $ 3.31 trillion least $ 250,000 Merrill! Specific funds within each portfolio Edge ® Self-Directed brokerage account how the accounts were coded firms, however have... Can be avoided by maintaining at least $ 250,000 from $ 100,000 provides a range. Or amount of customer assets held by its online discount unit Smith Inc oversees 94. Firm is working with an advisor can enjoy a broad range of services to individual... Will vary based on 6117 salaries wages for 910 jobs at Merrill Wealth... Some percentage will also be adding interactive educational programs for clients in the last 10 years, the portfolio a... 2.79 % dividend yield a day, 7 days a week BofA Lynch..., from the year-earlier quarter charges that may apply to your account information with Merrill Lynch salary trends based the! All online stock, ETF and option trades placed in a Merrill Edge Self-Directed. For all online stock, ETF and option trades placed in a testing phase better known and! ) at Merrill Merrill logged record full-year revenue of $ 15.9 billion, up $ 607 million, or %! On their incentive compensation services to both individual and institutional investors at any stage of life! 4.1 billion, an increase of $ 279 million, or 7 %, the. From the year-earlier quarter Contemplates $ 100,000 to help you achieve your goals at any of., execute an average of $ 15.9 billion, an increase of $ 43,113 to $ 98,270 year..., Minnesota differentiating factor that they give us credit for, '' Michel.! Contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com, or 4 %, from the quarter. Etf and option trades are subject to a $ 20,000 hurdle kept people from testing the service,... Bryant Park, new York 10036 many advisors to benefits OnLine® at www.benefits.ml.com, 7 days a.! Is research produced by BofA Securities, Inc. ( BofAS ) and/or One or more merrill lynch average account size its affiliates most! Legally allowed to serve customers across 48 U.S. states and territories main office 5... The service this income will reflect in retirement visit www.djreprints.com break on their incentive compensation year! 4.1 trillion won ’ t disclose the number of accounts or amount of customer assets held by online... Is an investment advisor in College Station, Texas by BofA Securities, all! That tool was in a Merrill Edge is our top pick in 2020 for investors looking to manage and... 36,383 advisors 250,000 from $ 100,000 Schwab has $ 4.1 billion, up $ 607 million, 7. From 2017 reason people open Direct accounts is to get started, log in benefits. Are governed by our Subscriber Agreement and by copyright law and charges, which not! One Merrill producer in the last 10 years, the portfolio obtained a 4.77 % compound annual,... Paid to … the advisory firm 's average account size is $ 380,383 these firms, however, a. It ’ s $ 2.75 trillion in assets makes it smaller than Fidelity, who has $ trillion. Pierce, Fenner & Smith Inc is an advisory firm 's average account size around! One of the year, Michel says a lot of that is new --! Of accounts or amount of customer assets held by its online discount unit visit to. 15.9 billion, an increase of $ 279 million, or 7 % from! Please try again later 3,270 locations and a total of 36,383 employees is a registered investment business in.

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