The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. SEC Share Class Selection Disclosure Initiative. The biggest offender was Merrill Lynch, who had the highest average expense ratios on mutual funds and ETFs (0.68%) and the third highest average advisory fee (1.3%) for an average total fee to the client of 1.98%. Investing involves risk. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … Investments involve risk, including the possible loss of principal investment. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of BofA Corp. The banking, credit and trust services sold by the Private Wealth Advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks. 9am – 9pm Eastern, Monday – Friday, Personalized advice that is focused on your goals. The second type of fee is the Style Manager Expense Rate. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees … This Brochure relates to the Merrill Lynch Strategic Portfolio Advisor Service (“SPA” or“Program”), an investment advisory service offered by Merrill. It is provided for informational purposes only and is not intended to be either a specific offer by Bank of America, Merrill or any affiliate to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available. 2 The Investment Advisory Program fee is a combination of the fee rate for our Services, referred to as the “Merrill Lynch Fee Rate,” and, if applicable, the expense rate for the Style Manager’s services with respect to each Style Manager Strategy in an Investment Advisory Program account, referred to as the “Style Manager …  MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. INVESTMENT ADVISORY PROGRAM FEES You pay us an IA Program fee (payable monthly or quarterly depending on the IA Program) based on the value of the assets in your account at the annualized fee rates listed below: • IAP – Advisor-based advice on, and access to, a full list of investments and managed strategies for a … A Business Owner Dedicated to Making an Impact, Insights to help keep your priorities front and center, Industry-leading research and expert analysis are here to help you stay ahead. 1 The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. Subject to our sole discretion, we may consider, in addition  to the assets in your Investment Advisory Program account, certain assets and liabilities at Merrill Lynch held by you or others in determining the applicable Merrill Lynch Fee Rate from month to month. Clients enrolled in Preferred Rewards receive a discount off the Merrill Guided Investing program's annual asset-based fee of 0.45%, and the Merrill Guided Investing with an advisor and Merrill Edge Advisory Account programs' annual asset-based fee of 0.85% for any of their accounts enrolled in the respective advisory … Investment, insurance and annuity products: Merrill Lynch Life Agency Inc. is a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. Give us a call at 1.866.706.8321 Advisory firm Personal Capital examined data from 155,924 of its users to see how much customers pay in both advisory and mutual funds/ETFs fees at top 11 full service brokerage houses. We are not responsible for and do not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered on other websites. You pay a customized fee subject to a maximum rate based on strategy type. For more information, please see the Program Brochure. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. The Fund bears reasonable expenses incurred in connection with the Fund's … 1 The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. Merrill Lynch INVESTMENT ADVISORY PROGRAM WRAP FEE PROGRAM BROCHURE Please retain for your records . SEC Share Class Selection Disclosure Initiative. Subject to our sole discretion, we may consider, in addition  to the assets in your Investment Advisory Program account, certain assets and liabilities at Merrill Lynch held by you or others in determining the applicable Merrill Lynch Fee Rate from month to month. At Merrill, we believe that your investments should be a reflection of you—your life, your priorities, your goals. Bank of America Adds 40 Model Portfolios to Merrill Lynch Investment Advisory Program New Investment Manager Model Portfolios Offer Clients More Choice and Flexibility, With Guidance From the Company’s Chief Investment Office. You’ll work closely with your dedicated advisor for personalized advice and managed portfolios that fit your long-term objectives. 4 Represents 55 bps investment advisory fee paid to GCMLP and 10 bps administrative services and sub-accounting fee paid to Merrill Lynch, subject to some exclusions. At Merrill, you can choose from one or more programs and services based on your individual objectives, investment style, need for ongoing advice and interest in particular solutions. 1 Fiduciary Advisory Services is an investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”). 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