Is Merrill Lynch an investment advisor?
Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Lynch Life Agency In.
Is Merrill Lynch an investment bank?
What Is Merrill Lynch & Co.? Merrill Lynch & Co. is the former name of a prominent Wall Street investment firm. Since its acquisition by Bank of America (BAC) in 2009, it has become known simply as “Merrill” and operates as a wealth management division of Bank of America.
Who is Katy Knox?
Katy Knox is president of The Private Bank and a member of Bank of America’s executive management team. Previously, Knox held leadership roles overseeing business strategy, commercial banking, global treasury management and wealth management.
What is Andy Sieg salary?
$17.2 Million dollars
Sieg is at least $17.2 Million dollars as of 25 January 2022. Mr. Sieg owns over 75,000 units of Bank Of America stock worth over $16,391,827 and over the last 3 years he sold BAC stock worth over $830,524. In addition, he makes $0 as President – Merrill Lynch Wealth Management at Bank Of America.
Is Merrill Lynch a fiduciary firm?
Since Merrill Lynch has in the past steadfastly refused to let advisors be fiduciaries, industry leaders question whether the firm can shed conflicted advice in favor of a strict fiduciary standard. See: A $2 billion, 69-year-old Merrill Lynch advisor passes up the gold watch in favor of breaking away.
Is Merrill Lynch owned by Bank of America?
Merrill Lynch, U.S. Trust, Countrywide Financial, FleetBoston Financial, LaSalle Bank, and Axia Technologies are companies owned by Bank of America.
Is Merrill Lynch a brokerage company?
Merrill Lynch is the wealth management division of Bank of America. With over over 17,000 financial advisors and $2.2 trillion in client assets Merrill Lynch is among largest full-service brokerage companies in the U.S. Visit Merrill Edge review for self-directed brokerage account review.
Is Merrill Lynch a brokerage account?
Merrill Edge is a discount brokerage firm created by Merrill Lynch, which is now owned by Bank of America. The company offers self directed accounts, and charges about an average in the industry rate of $0 per trade for stocks and ETFs. Mutual funds are priced at $19.95 per transaction.