3,815. about 630 shares of BAC (bank of america) stock that i was. 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 /Artifact /P 19 0 obj Use eligible investments in your Merrill brokerage account as collateral for multiple loan from Bank of America. /StructParent 4 /S /S The Margin Lending Program (margin) provides an extension of credit based on eligible securities used as collateral from your qualified Merrill accounts. 0000066900 00000 n
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Available nationwide, Merrill Preferred Deposit account is offering 4.50% APY on your funds with a minimum opening deposit of $100,000. /K [256 0 R 257 0 R] You can access your credit in the form of both fixed rate and variable rate loans. /Rect [178.775 50.897 197.365 60.6626] EmHHziS60ivUKf?x8YQ$.VGEEP?`):MD,s.Ayr*N>,4cjim
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Y]CTKD;r0d| /CS0 [/ICCBased 51 0 R] Banking, mortgage and home equity products offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. endstream /SpaceAfter 2.0 Our approach. 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. 0000001323 00000 n
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. This Regulation Best Interest Disclosure Statement (Disclosure Statement) provides . << THE LOAN MANAGEMENT ACCOUNT . >> U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. 87 0 R null 88 0 R 89 0 R null 90 0 R null 91 0 R null 92 0 R R**u @"$7)|=>ebD~*T7S:hnQn~wWwWwWw? /Fm0 59 0 R may demand full repayment at any time. /Names 4 0 R << It is important to understand the differences, particularly when determining which service or services to select. 28 0 obj /H /I /ID (9d5pthEJs0mnLryxHkzzTw) 0
30 0 obj /A 297 0 R any investment. /ID (1z5iCHn8_Ei1o4N-F68ucQ) 179 0 R 180 0 R 181 0 R 182 0 R 183 0 R 184 0 R 185 0 R 186 0 R 187 0 R 188 0 R] /MediaBox [0.0 0.0 612.0 792.0] 0000033921 00000 n
/SpaceAfter 4.0 Currently, the interest rate is just 0.01%. /Border [0 0 0] 0000094306 00000 n
You can lose more funds than you deposit in the margin account. 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 expectations and investment time horizon. /A 290 0 R $250,000+. Loan Management Account, Merrill Lynch Consults, Merrill Lynch MFA, Merrill Lynch Mutual Fund Advisor, mymerrill.com, Personal Investment Advisory, RCMA, Signature Rewards. >> Interest rates and yields Yield information on money market mutual funds and any deposits held at the Merrill Lynch Affiliated Banks is included on your Merrill Lynch account statement. endobj Bank of Americas suite of banking products and services. << /Type /Outlines My questions. /StartIndent 13.0 Bank of America Private Bank is a division of Bank of America, N.A. /Pages 3 0 R Margin is not appropriate for all investors. For more information about these services and their differences, speak with your Merrill financial advisor. Bank of America, N.A.("the Bank") can force the sale or other liquidation of any securities or other investment property in the collateral account and, unless otherwise required by law, can do so without first contacting you. Terms and conditions apply. /StructParent 3 193 0 R 194 0 R 195 0 R 196 0 R 197 0 R 198 0 R 199 0 R] << 82 0 R null 83 0 R null 84 0 R null 85 0 R null null 86 0 R >> /Pa6 << Accounts with more than a million dollars in idle cash earn 0.30%, which is still very low. endobj An extension of credit based on eligible securities youpledge as collateral from qualified Merrill brokerage accounts. /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] /S /TH You are not entitled to an extension of time to satisfy the Banks collateral maintenance requirement. 0000003120 00000 n
Investment, insurance and annuity products: Then we can provide you with relevant answers. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. /SpaceBefore 4.0 (DDM_zq-UIkCHmgB-1EGp2w) 34 0 R (FbBoOIB1aUeU-9YtpzOypg) 35 0 R (OK7nydjdCUato9gtgGrldw) 36 0 R (SMVzWBbYQEyv6Y8Uc5E7xQ) 37 0 R (T6ilJfqchU-HY-3u-uxNsQ) 38 0 R /CropBox [0.0 0.0 603.0 774.0] endobj 9 0 obj /P 279 0 R Rest is Roth and 401k invested in Vanguard Index funds. /SpaceAfter 3.0 0000003471 00000 n
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 /Pa18 << 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. 10 0 obj /S /TH << To enroll in the Bank of America Preferred Rewards program you must have an active, eligible personal checking account with Bank of America and maintain the balance required for one of the balance tiers in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). /OpenAction 10 0 R Meeting challenges. /P 298 0 R >> On smaller securities purchases, a higher percentage of the transaction costs goes to commissions and interest charges, which are generally higher on smaller balances. >> Our financial advisors are committed to putting your investing needs and priorities first. =Exx'~` >> null 133 0 R null null 134 0 R 135 0 R null 136 0 R null 137 0 R << 800.637.7455. www.ml.com. /0 603.0 Net Worth around 4.2M + 150-200k after sale of house. Programs, rates, terms and conditions are subject to change without notice. >> 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. 4 0 obj 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. 0000069014 00000 n
endobj One Bryant Park. /Rect [56.8499 351.499 116.615 367.265] << << /GS2 54 0 R 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. :*iSmZkD.t9x0Bx Y|V3"zLXWp
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qrvHF^;eJOypZn}:Bi!* mJBMd;cB>klD32lo&"Z*N#z8"Ex"F. /S /TH 240 0 R 241 0 R 242 0 R 243 0 R 244 0 R 245 0 R 246 0 R 247 0 R 248 0 R 249 0 R /Chart /Figure /Pa9 << /Subtype /Link 116 0 R 117 0 R 118 0 R 119 0 R 120 0 R 121 0 R 122 0 R 123 0 R] /Subtype /Link For fixed rate and term advances, principal payments made prior to the due date will be subject to a breakage fee. The client can lose more funds than deposited in such collateral account. >> /O /Layout /BaseFont /ZapfDingbats /Subtype /Link /D [21 0 R /Fit] We put you first, every day. >> J.P. Morgan Chase offers the industry's highest rate of
may change its collateral maintenance requirements at any time. 34 0 obj 5 0 obj 0000033844 00000 n
While an extension of time to meet margin requirements may be available to you under certain conditions, you do not have a right to the extension. 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 /A 179 0 R >> /W 0 >> /P 279 0 R Danger, Will Robinson. 33 0 obj 0000067397 00000 n
Merrill Lynch Affiliated Banks. Get timely insights on what's happening with the markets & global economy to help you stay on track. /Icircumflex /Idieresis /Eth /Ntilde /Ograve /Oacute /Ocircumflex /Otilde /Odieresis /multiply There is always the potential of losing money when you invest in securities. t%\)p.OxKwLr}(cdFNDH1:X}x|BY-46CrYJv8b)T#,?a. /Pa10 << >> 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). For us, success is about helping you reach your goals, not a number. >> about 630 shares of BAC (bank of america) stock that i was granted in 2007, finally vested in 2011. /ID (qcjKsBZ_m0izlbalVhEfRQ) /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 It is important that you fully understand the risks involved in using margin. endobj 146 0 R 147 0 R null 148 0 R 149 0 R null null 150 0 R 151 0 R 150 0 R Monitoring your portfolio, especially during fluctuating, volatile market conditions, to anticipate a potential decline in value. /MarkInfo << /S /TH /Type /Encoding
Clients should contact their Merrill financial advisor for a personalized version. 0000017558 00000 n
/O /Layout 18 0 obj >> /H /N 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. <]>>
/BS << /PageWidthList << /TT0 33 0 R /T1_1 56 0 R You are invited to apply for a Home Equity Line of Credit (HELOC). Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. >> 16 0 obj /S /S << trailer
>> /Subtype /Link 12 111 0 R 13 111 0 R 14 118 0 R Your financial advisor can help you choose the loan terms that work best for your individual situation. /C /Pa3 /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior These changes in our policy may take effect immediately and may result in the issuance of a maintenance margin call. /W 0 23 0 obj /TextIndent -15.0 /Oslash /Ugrave /Uacute /Ucircumflex /Udieresis /Yacute /Thorn /germandbls /agrave /aacute Online options spreads are limited to two legs. 0000004180 00000 n
/Subtype /Link I used cash to make my offer more attractive, but ultimately I wanted to take advantage of low rates, so I got the mortgage (30yr @ 2.5%). /Type /Border /Kids [6 0 R 7 0 R] >> Balance Requirement. /S /S /Type /Border Banking products are provided by Bank of America, N.A. 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 . endobj /Suspects false The LMA account is a full-recourse loan and you will be liable for any deficiency. /H /I Some restrictions may apply to purpose loans, and not all managed accounts are eligible as collateral. All accrued finance charges on the Term Advance will be due and payable upon the earlier of (a)demand, or (b) monthly . /BS << 2 0 obj You can lose more funds than are held in the collateral account. ii. /P 13 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. >> 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 Bank of America Private Bank is a division of Bank of America, N.A. You should review the LMA Loan Agreement and related documents and disclosures carefully and consult with your own independent tax and legal advisors. /Parent 11 0 R /A 60 0 R endobj /MediaBox [0.0 0.0 603.0 774.0] /D << Have questions for your financial advisors? 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". A basic savings account offering tiered interest and relationship-based monthly maintenance feewaivers. /Encoding 15 0 R /OriginalDocumentID >> /SpaceBefore 18.0 /W 0 5 0 obj John of Aberdeen, OH Verified Reviewer. /Parent 3 0 R ] High options fees as well as margin interest. ] >> Credit and collateral are subject to approval. >> /StructParents 0 This is not the case. /LastModified (D:20210921111132+02'00') >> 0000014451 00000 n
/Subtype /Link /MediaBox [0.0 0.0 612.0 792.0] /SpaceAfter 4.0 /StructParent 88 156 0 R null 158 0 R 159 0 R 160 0 R null 161 0 R null 162 0 R 163 0 R Get up to $600 when you open a new Merrill Edge account with at least $20,000. We can force the sale of securities or other assets in your account(s). You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. >> All applications for LMA accounts are subject to approval by Bank of America, N.A. 4.87% APY. /StartIndent 9.0 Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. 32 0 obj /BS << /A 176 0 R endobj /Annots [36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R 45 0 R] /SpaceAfter 3.0 >> 0000009122 00000 n
/Rotate 0 endobj Past performance does not guarantee future results. /SpaceBefore 10.0 /LineHeight 8.0 /S /TH /Underline /Span /P 291 0 R endobj endobj /Kids [21 0 R 63 0 R 64 0 R 65 0 R 66 0 R] /Subtype /Type1 Lacks future options or cryptocurrency trading. /Usage 20 0 R >> endobj %%EOF
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14 0 obj For us, success is about helping you reach your goals, not a number. >> stream
<< << /Fields [] << How plan loans work. /A 280 0 R Margin Account Application. /Intent [/View /Design] >> /A 295 0 R /NumberofPages 1 Brokered CDs can be traded on the secondary . /Parent 12 0 R 111 0 R 112 0 R null 113 0 R 114 0 R 115 0 R null 116 0 R 117 0 R null Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /S /S Merrill Edge does not publish their margin rates anymore. If you choose to borrow funds for your purchase, Merrills collateral for the loan will be the securities purchased, other assets in your margin account, and your assets in any other accounts at Merrill other than retirement accounts (such as IRAs). Get timely insights on what's happening with the markets & global economy to help you stay on track.
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