/Tabs /S On smaller securities purchases, a higher percentage of the transaction costs goes to commissions and interest charges, which are generally higher on smaller balances. << MLPF&S is a registered broker-dealer,registered investment adviser,Member SIPCand a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation. /BS << /Subtype /Link /MarkInfo << Equal Opportunity Lender. /Metadata 3 0 R 13 0 obj << /Last 62 0 R << Online options spreads are limited to two legs. /PageWidthList << << 123 0 R null null 124 0 R 125 0 R null 126 0 R 127 0 R 61 0 R null /Type /Border /ID (qcjKsBZ_m0izlbalVhEfRQ) Banking, mortgage and home equity products offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. /PageUIDList << This is not a commitment to lend; you must submit additional information for review and approval. /StartIndent 27.0 These rates are valid for self-directed retail . Answer some questions and we'll suggest a couple of advisors best suited to your needs. 14 0 obj << null null 164 0 R 165 0 R 166 0 R null 167 0 R null 168 0 R null For us, success is about helping you reach your goals, not a number. /Font << -!X@!IQ \1u^G /Pages 12 0 R /A 175 0 R /CropBox [0.0 0.0 612.0 792.0] 5 86 0 R 6 94 0 R 7 94 0 R 8 96 0 R 9 96 0 R 0000026227 00000 n Whether youre defining goals, addressing change or figuring out how to move forward, Merrill and Bank of America offer a wide range of solutions to help you take the next step and stay on track. When considering a securities-based loan, consideration should be given to individual requirements, portfolio composition and risk tolerance, as well as capital gains, portfolio performance expectationsand investment time horizon. Accounts with more than a million dollars in idle cash earn 0.30%, which is still very low. (BANA) that uses securities in eligible Merrill accounts as collateral. /TextIndent -15.0 /A 183 0 R He is working on a plan but I wanted to get your guys thoughts on what he was suggesting. /Subtype /Link Sorry, I have lots of them: If we go for a 100% fiance via this LMA do we need to move our money from our current brokerage (etrade) to ML or do we just sign a contract that they can take the stocks from us if needed? /A 299 0 R /SpaceAfter 4.0 /O /Layout /BS << >> /Name (US Consumer Privacy Notice) For us, success is about helping you reach your goals, not a number. /P 298 0 R The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. **See more from Betterment /S /S /PDFDocEncoding 15 0 R /Annots [42 0 R] ] endobj /Usage 20 0 R tI:nr,F6FMON1uq%hOb~s& Le%~))G*me$y7I'$e>9GQ/Gcu q- Mdd--f6vNtG"_1@3hvZ|$l#YcW2MTTiT{:R_J7H@ci{XNIyR )y}/lM$jK[\n$m8 Kr[rW4zhD)=\}xERj A2+NvE0MW'jbYGVlkf. Additional information is available in ourClient Relationship Summary. /Parent 3 0 R /Rotate 0 For fixed rate and term advances, principal payments made prior to the due date will be subject to a breakage fee. /LineHeight 8.0 Log in. /Intent [/View /Design] >> /S /S 0000067397 00000 n << Enables borrowers to calculate interest accruals at day one of the interest period Price = BSBY + client spread Independently reviewed IOSCO compliant , index approved by S&P. 2016. /A 181 0 R /A 60 0 R /SpaceAfter 4.0 endobj a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account. 16 0 obj /SpaceAfter 3.0 /Type /StructTreeRoot New York, NY 10036. 0000017558 00000 n The LMA account requires a Merrill account and sufficient eligible collateral to support a minimum credit facility size of $100,000. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /StructParents 11 0000067546 00000 n /SpaceBefore 10.0 >> All our advisors are committed to putting your needs and priorities first. /EmbeddedFiles 18 0 R The Margin Lending Program (margin) provides an extension of credit based on eligible securities used as collateral from your qualified Merrill accounts. /StructParent 8 /S /Note /StartIndent 13.0 Do we lose the house and stocks or just stocks? 0000001323 00000 n Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. 93 [157 0 R 158 0 R 159 0 R 160 0 R 161 0 R 162 0 R 163 0 R 190 0 R 191 0 R 192 0 R /Pa21 << /A 286 0 R opinions. /K 232 0 R Debit Balance. 0000007676 00000 n /XObject << endobj 156 0 R null 158 0 R 159 0 R 160 0 R null 161 0 R null 162 0 R 163 0 R /Count 10 Your Merrill Lynch account statement indicates where your cash balances are currently held, deposited or invested, as well as recent yield information. /H /I << 34 0 obj 0000066900 00000 n >> endobj When you purchase securities, you may pay for the securities in full, or if your account has been established as a margin account with the Margin Lending Program, you may borrow part of the purchase price from Merrill, thereby leveraging your investment. >> >> /acircumflex /atilde /adieresis /aring /ae /ccedilla /egrave /eacute /ecircumflex /edieresis /Type /Pages endstream /Parent 11 0 R >> /H /I /Rotate 0 /H /I endeavors to anticipate . No reviews yet . Securities-based financing involves special risks and is not for everyone. Are you planning to make a large purchase? Additional information is available in ourClient Relationship Summary. /BS << 94 [199 0 R 200 0 R 201 0 R 202 0 R 203 0 R 204 0 R 205 0 R 206 0 R 207 0 R 208 0 R A general purpose loan must be repaid within five years, or it will be treated as a taxable distribution. << Even if we have contacted you and provided a specific date by which you can meet a margin call, we can still take necessary steps to protect our financial interests, including immediately selling the securities or other assets without notice to you. 28 0 obj endstream /H /I Father, husband, self-directed investor, financial freedom enthusiast, and perpetual learner. /LineHeight 14.0 For more information about these services and their differences, speak with your Merrill financial advisor. endobj There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. 262 0 R 263 0 R 264 0 R 265 0 R 180 0 R 181 0 R 266 0 R 267 0 R 268 0 R 269 0 R /StartIndent 15.0 startxref /S /S /DisplayDocTitle true /Subtype /Link /Subtype /Link 12 0 obj >> /Rect [178.775 50.897 197.365 60.6626] >> $250,000+. personalized financial advice, and does not recommend the purchase or sale of HWmoVp>UvEm[UI Posted on December 7, 2016. /Pa10 << You should consult your legal and/or tax advisors before making any financial decisions. For all other accounts, the terms are in your account agreement and disclosures. 10 0 obj /P 287 0 R 30 0 obj /InlineShape /Figure /OpenAction 10 0 R The LMA account is uncommitted and Bank of America, N.A. 82 0 R 83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R >> /ColorSpace << Take control of your spendingand saving with. /O /Layout /BS << /Type /Annot This is extremely low given the current interest rate environment. /Pa13 << >> Access to a wide range of investment solutions from Merrill and banking products from Bank of America. 11 0 obj Talk to your advisor about how these solutions might fit into your financial strategy. /Group 30 0 R Meeting challenges. /O /Layout We also are planning to retire around 50-55year old. A decline in the value of your collateral assets may require you to provide additional funds or securities to avoid a collateral maintenance call. 1 You have choices about what to do with your 401 (k) or other type of plan-sponsored accounts. 27 0 obj /Count 5 endobj Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Interest rates and yields Yield information on money market mutual funds and any deposits held at the Merrill Lynch Affiliated Banks is included on your Merrill Lynch account statement. For specific margin rates and our latest offers, please call us at 888.637.3343. 3,815. about 630 shares of BAC (bank of america) stock that i was. /O /Layout Some restrictions may apply to purpose loans, and not all managed accounts are eligible as collateral. 128 0 R null 129 0 R 130 0 R 129 0 R null null 131 0 R null 132 0 R /Subtype /Type1 >> Is the LMA a fixed interest rate or variable? /LineHeight 10.0 endobj >> /SpaceAfter 9.0 /Contents [22 0 R 23 0 R 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R] /Type /Catalog /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /Border [0 0 0] /BS << >> 90 0 R 91 0 R 92 0 R 93 0 R 94 0 R] >> endobj Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Tumblr (Opens in new window), https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf, Merrill Edge + Preferred Rewards = Up to $1,000 New Deposit/Transfer Bonus, Improved Credit Card Rewards, Tiicker: Shareholder Perks: New $100 Amazon GC Offer, Completed Sample IRS Form 709 Gift Tax Return for 529 Superfunding / Front-Loading, Amazon: Pay with Discover Card Points, Get $10 off $50 or 30%/$40 Off (Targeted), 5% Cash Back Cards: Amazon, Lowe's, Restaurants, Wholesale Clubs, Gas - April through June 2023. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. 8 0 obj 111 0 R 112 0 R null 113 0 R 114 0 R 115 0 R null 116 0 R 117 0 R null endobj >> /MC0 6 0 R /florin /fraction /guilsinglleft /guilsinglright /minus /perthousand /quotedblbase /quotedblleft /quotedblright /quoteleft /StructParent 88 Past performance does not guarantee future results. endobj 193 0 R 194 0 R 195 0 R 196 0 R 197 0 R 198 0 R 199 0 R] Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. Margin Interest Rates. /TT0 33 0 R Past performance does not guarantee future results. This material does not take into account a clients particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. endobj For example, Betterment's cash management account, Betterment Cash Reserve, has a 4.35% APY**, whereas the average national interest rate on savings products is 0.39% APY. 37 0 obj An extension of credit based on eligible securities youpledge as collateral from qualified Merrill brokerage accounts. /H /I /Pa3 << >> If your account has a Visa card and/or checks, you may also create a margin debit if your withdrawals (by Visa card, checks, preauthorized debits, funds transfer service (FTS) or other transfers) exceed the sum of any available free credit balances plus available money account balances (such as bank deposit balances or money market funds). /LineHeight 8.0 %PDF-1.5 /Length 0 Use these tools and calculators to track your cash and retirement savings and to manage your investments. /Type /Border /Rect [0.0 792.0 0.0 792.0] /RoleMap 28 0 R Borrow with floating interest rates, based upon the Merrill Base Lending Rate (plus a spread), total relationship size, and amount borrowed. /BS << << 6 0 obj << On November 30, 2016, the Financial Industry Regulatory Authority (FINRA) announced that it had fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and ordered the firm to pay approximately $780,000 in restitution for inadequately supervising its customers' use of leverage in their Merrill brokerage . This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. /W 0 /MediaBox [0.0 0.0 603.0 774.0] 0000021569 00000 n 0000013821 00000 n /StructParent 1 FINRA Sanctions Against the Firm Underline the Dangers of Leverage-Backed Lines of Credit and Margin Risk . Bank of America, N.A.("the Bank") can force the sale or other liquidation of any securities or other investment property in the collateral account and, unless otherwise required by law, can do so without first contacting you. /P 296 0 R /Pa12 << You are invited to apply for a Home Equity Line of Credit (HELOC). $100,000 - $249,999. 82 0 R 83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 87 0 R 189 0 R 88 0 R 89 0 R << There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. /igrave /iacute /icircumflex /idieresis /eth /ntilde /ograve /oacute /ocircumflex /otilde My questions. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. 35 0 obj /S /TH He also mentioned taking a long against our 401k and using the sale of our house to pay down the house price (I agree with this). Investing involves risk. endobj /O /Layout Depending on your financial circumstances, needs, and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401 (k . /LineHeight 10.0 0000032524 00000 n /Pa22 << << You should consult your legal and/or tax advisors before making any financial decisions. 22 0 obj Investing involves risk. /S /TH endobj /Kids [67 0 R 68 0 R 69 0 R 70 0 R 71 0 R] Hi! << >> The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. /Names 4 0 R << 0000063724 00000 n Bank of America Private Bank is a division of Bank of America, N.A. and . These risks include the following: Carefully choosing the quality of your investments you borrow against and the amount you borrow can help reduce the likelihood of a maintenance call. /LineHeight 10.0 >> /Parent 23 0 R >> 19 0 obj /BS << Save Money By Splitting Doses of Frontline Plus Flea Medication - Up to 90% Savings! /Rotate 0 /S /S /TT1 34 0 R No set repayment schedule if you maintain the required level of equity in your account. How plan loans work. /Contents ( Securities Investor Protection Corporation \(SIPC\) ) Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. /Rect [56.8499 142.832 139.744 158.598] /O /Layout >> and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Clients should consult their own independent tax and legal advisors. /Type /Border 96 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R 258 0 R 259 0 R 260 0 R 261 0 R endobj Access to a wide range of investment solutions from Merrill and banking products from Bank of America. /O /Layout /Fm0 59 0 R << >> Loan Management Account Agreement 11/01/2021. 12 111 0 R 13 111 0 R 14 118 0 R /Border [0 0 0] << /W 0 5 0 obj 71 0 R null null null 72 0 R 73 0 R null 74 0 R 75 0 R 76 0 R Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). << *see current rates here. /Type /Metadata >> /Type /Pages 1146 49 /Annotation /Span Get timely insights on what's happening with the markets & global economy to help you stay on track. You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. 1146 0 obj <> endobj /S /S There is always the potential of losing money when you invest in securities. YC%~)cpKuwHkp1!4bVQc[!7U~U +A?x0RM4{>77OF5ef)Wqjm('V\A$IegEBP,@.60O :PVE\xpSq@Govb!f,Tl JqFYo^*^^BlC2b" /A 295 0 R endobj /O /Layout Have questions for your financial advisors? /P 279 0 R This can happen for a securities trade, through check writing or Visa debit card purchases, or Bill Pay transactions. /Usage 20 0 R /Type /Annot Banking products are provided by Bank of America, N.A. any investment. /Direction /L2R Merrill Edge does not publish their margin rates anymore. endobj endobj 169 0 R 170 0 R 169 0 R null 171 0 R 172 0 R 173 0 R] /Parent 12 0 R 1. /StartIndent 25.0 /Marked true << >> Your failure to satisfy the call may cause us to liquidate or sell securities in your account(s). 41 0 obj /SpaceAfter 4.0 U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. /P 4 0 R /S /TH /ordmasculine 188 /onequarter /onehalf /threequarters 192 /Agrave /Aacute /Acircumflex /Atilde APY Rate. Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. /Artifact /P /Contents [43 0 R 44 0 R 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R] >> /Suspects false Merrill CD choices. /A 290 0 R /Superscript /Span By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. /AcroForm 2 0 R /Metadata 2 0 R %PDF-1.6 Take advantage of pricing based on your overall relationship. A complete description of the loan terms can be found within the LMA agreement. /S /TH 0000003517 00000 n /Parent 12 0 R . Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. Rather than getting a 30year mortgage he was talking about a [Loan Management Account (LMA)] (https://www.ml.com/solutions/lma-account.html). /Subtype /Link This material does not take into account a clients particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. 15 0 obj >> >> We can sell your securities or other assets without contacting you. Beginning April 1, 2015, EMA accounts will no longer be valued together with . /Resources << /Lang (en) 36 0 obj Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). << /Border [0 0 0] << Understand your choices. /S /TH /ID (zDS1U1Dmok-LPIntoqJb9g) 0000012908 00000 n

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