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About the company

Legal company nameMerrill Lynch, Pierce, Fenner & Smith Incorporated · Managed Account Advisors LLC · Merrill Lynch Life Agency Inc. · Bank of America Corporation
Year founded1914
Headquarters / registered countryNew York, United States
Websitewww.ml.com
Last checked11.11.2026

According to its official website, Merrill is the investment and wealth management division of Bank of America Corporation; the site states that Merrill was founded in 1914, serves high- and ultra-high-net-worth individuals, families and businesses in more than 500 offices across 100 US markets and had $4 trillion in client balances at year-end 2025. Brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), an SEC-registered broker-dealer and registered investment adviser, SIPC member and wholly owned subsidiary of Bank of America Corporation; the Merrill Guided Investing programmes are offered by MLPF&S and its affiliate Managed Account Advisors LLC, insurance and annuity products by Merrill Lynch Life Agency Inc., and banking products through the group bank Bank of America, N.A. Individual investors trade stocks, ETFs, mutual funds, options, bonds and CDs and can use margin in self-managed Merrill Edge Self-Directed accounts on merrilledge.com and the Merrill Edge app; the site lists $0 commissions on online stock, ETF and option trades ($0.65 per options contract), minimum investments of $1,000 for Merrill Guided Investing and $20,000 for the version with an advisor, and annual programme fees of 0.45% and 0.85%. Merrill Lynch Wealth Management clients work with their financial advisors. This information is the company's own statement.

Account Details

ACCOUNT TYPESMerrill Edge Self-Directed accounts · Merrill Guided Investing (with or without an advisor) · Rollover, traditional, Roth, SEP and SIMPLE IRAs · 529 account
MIN. DEPOSITNot stated
PLATFORMSmerrilledge.com · Merrill Edge mobile app (iOS, Android) · Merrill Edge MarketPro · MyMerrill (advised clients)
PRODUCTSStocks · ETFs · Mutual funds · Options · Bonds and fixed income · Money market funds · CDs · Margin trading · Insurance and annuity products

Licences and regulation

SEC (United States)

Licence no.SEC 8-7221 · CRD 7691
Licence holderMerrill Lynch, Pierce, Fenner & Smith Incorporated
ScopeFINRA BrokerCheck: SEC-registered broker-dealer, FINRA member, Approved; FINRA approval 26 Jan 1937, New York, NY; 53 state registrations; disclosures: 613 regulatory event, 4 civil event, 878 arbitration. Broker-dealer named on the site; shareholder BAC North America Holding Company.
StatusVerified
USER REPORTS

User complaints

User reports found online are classified by topic. The reports are compiled from records on Trustpilot, WikiFX, Şikayetvar and FastBull, and one person's records count once.

There are no classified user reports for this institution yet.

Sources and verification history

Official company sourcesml.com — homepage, About Merrill Lynch, Legal Information; merrilledge.com — homepage, Investment accounts & products, Pricing; official Merrill Edge app page on the App Store (seller Merrill Lynch, Pierce, Fenner, and Smith Inc.)
Regulator recordsFINRA BrokerCheck — Merrill Lynch, Pierce, Fenner & Smith Incorporated, CRD 7691 (brokercheck.finra.org, 11 Nov 2026)
Company registerVerified source to be added
User feedback sourcesTrustpilot · Şikayetvar · WikiFX · FastBull
Last verified11.11.2026
SAME CATEGORY

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Frequently asked questions

Is Merrill trustworthy?

According to the data, Merrill has 1 verified licence (SEC); there are no classified user reports yet. This page does not express an opinion; licence records come from official registers and reports from sourced records.

Which licences does Merrill hold?

Licences verified in official registers: SEC (United States) – SEC 8-7221 · CRD 7691.

Are there complaints about Merrill?

No classified user reports about Merrill yet. Sources: Trustpilot, Şikayetvar, WikiFX, FastBull.

How can I file a complaint about Merrill?

Use the "File a Complaint" button on this page to open the form; the institution is preselected. Describe the issue, the date and attach any supporting documents. The complaint is reviewed by our team, published if eligible and forwarded to the institution; with the tracking link you receive, you can follow the process and the institution’s reply.

How is the information about Merrill verified and when was it last checked?

Licence records are checked against official registers (last verification 11.11.2026). Complaint records are re-scanned every month on Trustpilot, Şikayetvar, WikiFX, FastBull. The institution’s details were last checked on 11.11.2026.

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