/S /S Are you looking for a flexible, convenient way to manage cash flow? /T1_1 56 0 R No set repayment schedule if you maintain the required level of equity in your account. Borrow with floating interest rates, based upon the Merrill Base Lending Rate (plus a spread), total relationship size, and amount borrowed. Merrill Edge Review 2023: Pros, Cons and How It Compares /SpaceAfter 3.0 endobj All applications for LMA accounts are subject to approval by Bank of America, N.A. /Intent [/View /Design] >> 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.). There are no fees to establish, no minimum balance nor annual fee, so you can access funds as you need to, generally within one day of approval. >> Past performance does not guarantee future results. Please refer to your account documents for more information. When do they ask for more funds? But it also requires a comparatively high annual fee and only provides the minimum amount of FDIC protection. Depending on your financial circumstances, needs, and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401 (k . May continue to take some small contract/freelance work here and there but dont want to depend on it. /Tabs /S You are not entitled to an extension of time to satisfy the Banks collateral maintenance requirement. PDF Loan Management Account Agreement - Merrill endobj >> /ProcSet [/PDF /Text] /A 293 0 R We also are planning to retire around 50-55year old. /LineHeight 8.0 /Subscript /Span 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 . /S /S /ID (FbBoOIB1aUeU-9YtpzOypg) Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. null null 118 0 R 119 0 R null 120 0 R 121 0 R null 122 0 R null Original review: Dec. 10, 2022. /Rect [56.8499 448.135 121.533 463.901] This material does not take into account a clients particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. >> (BANA) that uses securities in eligible Merrill accounts as collateral. /Border [0 0 0] /ordmasculine 188 /onequarter /onehalf /threequarters 192 /Agrave /Aacute /Acircumflex /Atilde /Filter /FlateDecode Our way of showing you our appreciation with premium benefits andrewards around the different ways you work with us.. 0000018918 00000 n /Pa13 << /LineHeight 10.0 /StartIndent 27.0 I bought the place with cash from the LMA then refinanced into a mortgage with Bank of America. >> >> There is always the potential of losing money when you invest in securities. /K 220 0 R /CropBox [0.0 0.0 612.0 792.0] Is this the same as a ["Pledged Asset"] (https://www.investopedia.com/terms/p/pledgedasset.asp), if not how does it differ? endobj 0000001323 00000 n endobj /S /TH Whether youre defining goals, addressing change or figuring out how to move forward, Merrill and Bank of America offer a wide range of solutions to help you take the next step and stay on track. << We can force the sale of securities or other assets in your account(s). /Border [0 0 0] >> /O /Layout >> ] /Type /StructTreeRoot >> 10 103 0 R 11 [null 107 0 R null 108 0 R null 109 0 R null 110 0 R null null 0000000016 00000 n 0000094181 00000 n null 103 0 R 104 0 R null 105 0 R 106 0 R 48 0 R] Creative solutions for your personal and business needs. 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. /Intent [/View /Design] /Pa22 << 32 0 obj /ID (Cvo190tZT06b95QBF81TWw) We are planning to move to Seattle from Atlanta in the next 3ish months. /A 284 0 R endobj /Rect [53.2498 249.223 141.2 264.988] /P 13 0 R endobj /Type /Border /SpaceAfter 3.0 0000068730 00000 n /ParentTree 9 0 R You will have to call them to get margin rates information. 26 0 obj 0000032078 00000 n He also mentioned taking a long against our 401k and using the sale of our house to pay down the house price (I agree with this). /LineHeight 10.0 1146 0 obj <> endobj /Subtype /Link Answer some questions and we'll suggest a couple of advisors best suited to your needs. We will attempt to notify you of margin calls, but we are not required to do so. When you purchase securities, you may pay for the securities in full, or if your account has been established as a margin account with the Margin Lending Program, you may borrow part of the purchase price from Merrill, thereby leveraging your investment. /TextIndent -10.0 152 0 R 153 0 R 154 0 R 155 0 R 156 0 R 157 0 R 158 0 R 159 0 R 160 0 R 161 0 R /K 8 0 R Merrill Edge Investment Tools and Calculators endobj /Underline /Span /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior >> endobj
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