logo
  Join        Login             Stock Quote

Bank of America Launches Merrill Edge? Select Portfolios(tm)

Wednesday, February 29, 2012 9:30 AM


Bank of America today announced the launch of Merrill Edge® Select Portfolios, a new investment offering that provides everyday investors with access to actively managed, diversified portfolios through a lower balance requirement.

"Merrill Edge® Select Portfolios was specifically designed with the middle class and emerging affluent investor in mind," said Alok Prasad, Merrill Edge executive. "We are lowering the balance requirements and providing a simple, straightforward way for a broader range of investors to access professionally managed investments."

Merrill Edge® Select Portfolios offers customers the choice of 10 diversified portfolios, ranging from conservative to aggressive, to align with their risk tolerance, investment time horizon, liquidity needs and goals of the individual investor. Investments are allocated among mutual funds and exchange-traded funds (ETFs) generally invested in stocks, bonds and international investment products. Customers can get started with a minimum $20,000 investment, and pay a low, annualized one percent management fee.

The portfolios are managed by Merrill Lynch Investment professionals who actively monitor and rebalance the portfolios based on changing market conditions. In addition, customers can monitor their portfolio performance in real-time via Merrill Edge.

"This is outstanding opportunity for emerging investors to gain access to a portfolio managed by Merrill Lynch investment professionals," said Tom Halloran, Merrill Edge product executive. "Customers will have choices in how they invest depending on their individual goals, and the account opening process makes it very easy to get started."

Merrill Edge

Merrill Edge provides mass affluent customers access to professional investment guidance through Merrill Edge Financial Solutions Advisors™ in the Merrill Edge Advisory Center™ or in-person at select banking centers. For customers who prefer to invest on their own, Merrill Edge provides an online self-directed investing platform, with robust tools and resources to help them make informed investment decisions.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves customers through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

For more Bank of America news, visit the Bank of America newsroom.

www.bankofamerica.com

Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.

MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

www.merrilledge.com

Investment products:

Are Not FDIC Insured   Are Not Bank Guaranteed   May Lose Value

© 2012 Bank of America Corporation. All rights reserved.

(Source: Business Wire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.