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Bank of America Merrill Edge Up to $900 Bonus for Preferred Rewards Clients

$900.00
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Limited-time offer for Preferred Rewards Clients
Get up to $900 when you transfer your IRA to Merrill Edge® by April 17, 2018.

offer code: 900ME

Full Range of investments
Easily find investments that align with your investment strategy using categorized lists of stocks, ETFs and mutual funds that have been evaluated by Merrill Lynch research and analytic teams.
Investing & banking on one page
With one login you can view and instantly transfer funds in real time from your Bank of America® bank accounts to your Merrill Edge® retirement accounts.
Research and tools
Make informed investment decisions with access to independent research, the insights of Merrill Lynch and easy-to-use tools.
Simple flat-rate pricing
$6.95 per online equity and ETF trade with no trade or balance minimums. And, you can qualify for $0 online equity and ETF trades — up to 30 monthly for Platinum and up to 100 monthly for Platinum Honors tier clients.
+Other fees may apply

https://www.merrilledge.com/offer...headCtaBtn
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Created 01-29-2018 at 01:00 PM by lwang9
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51 Comments

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#2
Qualifying Net New Asset Balance / Cash Reward

Less than $20,000 $0
$20,000 to $49,999 $150
$50,000 to $99,999 $225
$100,000 to $199,999 $375
$200,000 or more $900
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#3
Quote from WindySummer
:
Qualifying Net New Asset Balance / Cash Reward

Less than $20,000 $0
$20,000 to $49,999 $150
$50,000 to $99,999 $225
$100,000 to $199,999 $375
$200,000 or more $900
For those that need to, you can consider rolling over any old 401k plans into an IRA. I wonder if they count multiple IRA's (Traditional and Roth) together.
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#4
How is Merrill edge as compared to vanguard or fidelity?
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Quote from fyu
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How is Merrill edge as compared to vanguard or fidelity?
Not sure what you are asking. No experience with Vanguard. For regular equity trades, Merrill pretty much the same as Fidelity. But Merrill not good for options. Also, their free trades do not apply to options.

It should be mentioned that one probably want to open the linked checking account. Basically free if you reached the required asset level.

Also, if you qualify for Merrill's trading platform, it is pretty nice. Would recommend large dual monitors.
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Quote from Commentary
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Not sure what you are asking. No experience with Vanguard. For regular equity trades, Merrill pretty much the same as Fidelity. But Merrill not good for options. Also, their free trades do not apply to options.

It should be mentioned that one probably want to open the linked checking account. Basically free if you reached the required asset level.

Also, if you qualify for Merrill's trading platform, it is pretty nice. Would recommend large dual monitors.
I don't do options, so that's good. But just a mix of stocks and ETFs.
I don't see any big downsides and the Preferred tier perks are nice.
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Quote from fyu
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I don't do options, so that's good. But just a mix of stocks and ETFs.
I don't see any big downsides and the Preferred tier perks are nice.
If you are not an active trader, you might find better bonuses out there. A lot of firms are now doing generous bonus. It is a function of the amount that you are planning to put in that will dictate which deals makes sense for you. If you do plan to use most of the 100 free trades a month, then Merrill offers the best bonus/free trade combination. The asset requirement for getting the 100 free is not that daunting and well worth it.

If you are in the ball park of only being able to use most of the 30 free trades, then you may be better off splitting the assets if you have enough to qualify for bonus from two different firms. Should do some analysis before jumping.
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#8
I should add Merrill phone service is very, very good. It is not the same as a full service broker where they know you name. But the CS are trained professionals for the basic functions with a deep backup for anything out of the norm. Also, if you do reach (I think the $100k amount), they will assign you a different group which is more responsive. When you call and reach the first CS, they will know that you are being served by this special group and transfer you if necessary.

They do have a mobile app, but I hardly every use it so cannot comment on it.

If you do extended hours trade, recommend doing it on the browser via desktop. If you want to do sales with lot identification, recommend doing it on the browser via desktop. Do not use their pro trading platform.
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#9
10/17 Kiplingers has an excellent article on choosing the best broker for your situation.

https://www.kiplinger.com/article...source=rss
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#10
Quote from Commentary
:
I should add Merrill phone service is very, very good. It is not the same as a full service broker where they know you name. But the CS are trained professionals for the basic functions with a deep backup for anything out of the norm. Also, if you do reach (I think the $100k amount), they will assign you a different group which is more responsive. When you call and reach the first CS, they will know that you are being served by this special group and transfer you if necessary.

They do have a mobile app, but I hardly every use it so cannot comment on it.

If you do extended hours trade, recommend doing it on the browser via desktop. If you want to do sales with lot identification, recommend doing it on the browser via desktop. Do not use their pro trading platform.
50K+ in total assets = 30 free trade a mo forever. 100K = 100 free trades forever across all brokerages UNDER YOUR NAME ONLY, think IRA, ROTH, personal brokerage.

What they dont have is household pricing. IE, your assets is not shared across your spouse for pricing and free trade purposes. Which sucks.

Margin rates are high (no one is going to beat IB)

pro desktop tool is good

App is bad, no real time streamer etc on APP.

Other review or ROI is not customizable (ie, it just shows MTD, YTD, 1mo 3mo etc) I cant customize to look day to day or specific date range along with holding ROI. Just showes total per account or all accounts.

But hey, free trades, and I trade about 30-100 a mo. So that saves me a good 210-700 in fees a mo. Cant get that anywhere else.
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Quote from ddavid1101
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50K+ in total assets = 30 free trade a mo forever. 100K = 100 free trades forever across all brokerages UNDER YOUR NAME ONLY, think IRA, ROTH, personal brokerage.

What they dont have is household pricing. IE, your assets is not shared across your spouse for pricing and free trade purposes. Which sucks.

Margin rates are high (no one is going to beat IB)

pro desktop tool is good

App is bad, no real time streamer etc on APP.

Other review or ROI is not customizable (ie, it just shows MTD, YTD, 1mo 3mo etc) I cant customize to look day to day or specific date range along with holding ROI. Just showes total per account or all accounts.

But hey, free trades, and I trade about 30-100 a mo. So that saves me a good 210-700 in fees a mo. Cant get that anywhere else.
Merrill combine household based on who can make trades in the account. It is not based on tax id. So if you have a trust as well as CMA and IRA accounts, you can only get the total free trades of 30 or 100 if you are the named trustee. One cannot get it independently for the trust even though it has a different tax id.

The advantage of not combing your spouse's account is that both can get the 30 or 100. If you each have $100k, that is a huge advantage if you are both active traders.
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#12
Quote from Commentary
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Merrill combine household based on who can make trades in the account. It is not based on tax id. So if you have a trust as well as CMA and IRA accounts, you can only get the total free trades of 30 or 100 if you are the named trustee. One cannot get it independently for the trust even though it has a different tax id.

The advantage of not combing your spouse's account is that both can get the 30 or 100. If you each have $100k, that is a huge advantage if you are both active traders.
I guess I'm used to Citibank's Citigold where all banking assets across your "household" which includes kids/wife/anyone with the same address can take advantage of total asset pricing inclusive of mortgages, loans, credit card balances etc. Over there, I could basically open citigold checking accounts, credit cards for everyone in the family. I couldnt do the same here at BOA.

Most are funds are with our respective 401K accounts housed in Fidelity.

No biggie, the free trading by far is the biggest advantage. If not, I would be back with IB
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#13
Quote from fyu
:
How is Merrill edge as compared to vanguard or fidelity?
I don't think they have many differences.
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#14
Quote from WindySummer
:
Qualifying Net New Asset Balance / Cash Reward

Less than $20,000 $0
$20,000 to $49,999 $150
$50,000 to $99,999 $225
$100,000 to $199,999 $375
$200,000 or more $900
does this have to be rollovers or do other deposits count?
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Quote from vickh
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does this have to be rollovers or do other deposits count?
It can be a cash deposit (wire or mailed in check) or an outside brokerage transfer.
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