Merrill Lynch Review

If you are someone with a high net worth or doesn’t want to spend much time monitoring and trading stocks, then brokerage services of Merrill Lynch might work for you.

Basically, Merrill Lynch is an expensive type of broker. You will normally be challenged to pay high fees and commissions when with Merrill Lynch, but if you are a trader with a high net worth, this will never be a problem.

Similarly, Merrill Lynch provides superb, comprehensive services, thus, if you prefer not to spend much time doing all the trade stuff, then everything will run smoothly if you have something like Merrill Lynch behind you.

Possible Costs

Well, opening and maintaining an account with Merrill Lynch is costly. You are actually required to have a minimum maintaining and initial investment of $2000. In terms of the market and limit trades, it would cost you $29.95 per trade.

Broker-assisted trades on the other hand are between $50 and $150. However, on the good side, options contract are just playing around $1.50, just like in some other online brokers.

Investments Provided

Merrill Lynch has actually a wide array of investment vehicles. In fact, it has all the basic investment types needed by any kind of trader – stocks, options, mutual funds, and exchange-traded funds.

Fixed income investments such as U.S. treasury and municipal bonds, corporate bonds, convertible bonds, zero-coupon bonds, and certificates of deposit are also accessible.

Not to mention also the retirement accounts, IRAs and Roth IRAs, as well as the basic education savings plans like Coverdell ESA, Custodial Accounts, and 529 Plans made available that could eventually bring you or somebody else close to you to higher education.

Tools and Features Offered

In terms of effective tools and features, Merrill Lynch has much to offer. Basic tools like calculators, alerts, level I and II quotes, charts and graphs, and stock search are just within one click away.

Same as with some educational resources like streaming news, analyst research/reports, newsletters, tax information, podcasts and other features like internet trading and phone trading, they are just right in your fingertips.

Security and Ease of Use

Merrill Lynch is actually a long time member of SIPC. It has afford to provide a secure website and a fraud system that will keep all information safe and sound. Furthermore, Merrill Lynch has also tried to extend a website that is easy to navigate and only contain significant stuff.

Thus, in way, you’d be rest assured that Merrill Lynch is a broker that is efficient and safe to deal with, in whatever means you prefer.

Customer Support

What’s really amazing about Merrill Lynch, is its customer support. Merrill Lynch has actually more than 600 offices nationwide to extend help and support to traders. It also has a customer support group available via phone and email support.

If in case you want more knowledge about Merrill Lynch’s services or about trading, online documentation, virtual tours/tutorials and FAQ page are also just a click away. You can also try to take a look on them.

Summary

Generally, Merrill Lynch is a one good provider of superb brokerage services. However, the fees and commissions attached with it are really high so not all people can actually go and try this one.

On the better side, if you have the money and have a high net worth, then lucky you as you can experience the services only Merrill Lynch can provide.