/D [21 0 R /Fit] /ID (T6ilJfqchU-HY-3u-uxNsQ) /Nums [0 [49 0 R 47 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R 56 0 R 58 0 R Because the securities or other assets are collateral for the margin loan, we have the right to decide which securities or other assets to sell in order to protect our interests. MAP4912528-01132024. EmHHziS60ivUKf?x8YQ$.VGEEP?`):MD,s.Ayr*N>,4cjim h"O! !XK#FDg0a]pV}*G yYi!#\E*6>UMA A$Mieog[XIXih][9(45-Tn=FpLtqPD#l{TZ^b"0`KMlfXW|L(V3]'+1Q O&\T}nn7\6U9|G1/JD 5zw YP8[D|# pU'4&4mwff(M1Y5$C p>~~:tG5;:GK>L0D7S'S>Fj}difkPb?+%[Sd#mg4f6Ijg0&>I`s _]nj}Ir!n/Xrtcq2ADa~uIr@-VU9I%pE$+ Y]CTKD;r0d| The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. /Type /Border 16 0 obj /ParentTreeNextKey 22 You should consult your legal and/or tax advisors before making any financial decisions. >> Some restrictions on the use of LMA account proceeds may apply under the terms of the loan documents and applicable laws and regulations. 10 0 obj 0000013821 00000 n ML controlled money for years belonging to my kids that was left by their mother who died of colon . When do they ask for more funds? /O /Layout endobj /LineHeight 10.0 Original review: Dec. 10, 2022. /PageWidthList << /SpaceAfter 3.0 /LineHeight 10.0 /PageUIDList << /brokenbar 168 /dieresis /copyright /ordfeminine 172 /logicalnot /.notdef /registered /macron 7 0 obj /A 179 0 R While an extension of time to meet margin requirements may be available to you under certain conditions, you don't have a right to the extension. >> For fixed-rate advances and term loans, principal payments made in advance of the end of the applicable fixed-rate period, whether voluntarily or involuntarily, (due to demand or liquidation by the Bank,) may be subject to a substantial breakage fee as determined by the Bank. /A 283 0 R 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. 99.6% correlation with 1M LIBOR . What are the Cheapest Vegetables Per Pound? >> Your financial advisor can help you choose the loan terms that work best for your individual situation. endobj >> You can use the LMA account as a convenient way to pursuea variety of personal and business financing needs, including: An LMA account is a secured line of credit that uses your eligible securities, such as stocks and bonds, as collateral. 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. << Investment, insurance and annuity products: Then we can provide you with relevant answers. /Subtype /XML 185 0 R 186 0 R 187 0 R 188 0 R] /Usage 20 0 R 5 0 obj 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 /MediaBox [0.0 0.0 612.0 792.0] >> 0000093939 00000 n << >> I am worried about a 2021 market/housing crash and being in the LMA. Borrowing less than the maximum amount allowable against your securities. /A10 << Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. 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. Solutions for what matters most. /Resources << In each overdraft statement cycle, Finance Charges are figured by applying a daily periodic rate of .049315% (18% 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R 147 0 R 148 0 R 149 0 R 150 0 R 151 0 R >> >> 1 Merrill does not provide tax advice. /T1_1 56 0 R any investment. endobj >> 0000067298 00000 n Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. /Lang Debit Balance. >> (BANA) that uses securities in eligible Merrill accounts as collateral. Uncovering opportunities. For fixed rate and term advances, principal payments made prior to the due date will be subject to a breakage fee. /O /Layout >> 25 0 obj 0000033844 00000 n stream %PDF-1.7 /Usage 20 0 R endobj /Pa13 << /dotlessi /lslash /oe /scaron /zcaron 160 /Euro 164 /currency 166 Merrill CD choices. % 0000016245 00000 n >> /SpaceAfter 2.0 Get up to $700 when you fund a J.P. Morgan Self-Directed Investing account. call 855.332.5920. /Type /Annot YC%~)cpKuwHkp1!4bVQc[!7U~U +A?x0RM4{>77OF5ef)Wqjm('V\A$IegEBP,@.60O :PVE\xpSq@Govb!f,Tl JqFYo^*^^BlC2b" endobj Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, . . Interest expenses associated with your Margin borrowing may be tax-deductible, up to net investment income earned in the account. << << /A 292 0 R /TextAlign /Center 0000003120 00000 n Balance Requirement. /Type /Annot 30 0 obj 23 0 obj 152 0 R 153 0 R 154 0 R 155 0 R 156 0 R 157 0 R 158 0 R 159 0 R 160 0 R 161 0 R Brokered CDs can be traded on the secondary . 4 0 obj /Border [0 0 0] ACM MEDIA LLC publishes content for educational purposes only, does not offer /LastModified (D:20210921111132+02'00') 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). >> /Creator (Adobe InDesign 15.1 \(Macintosh\)) endobj For us, success is about helping you reach your goals, not a number. /Length 1778 /ParentTree 27 0 R You can use a LMA account as a cost-effective way to meet a variety of short- and long-term personal and/or business financing needs. >> >> Personal and investment real estate purchases, Business startup or expansion or acquisitions, Diversification for concentrated securities positions, Strategy Paper: How business owners can unlock capital. The securities or other assets in any collateral account may be sold to meet a collateral call without notice to the client, the client is not entitled to an extension of time on the collateral call, and the client is not entitled to choose which securities or other assets will be sold. Borrow with floating interest rates, based upon the Merrill Base Lending Rate (plus a spread), total relationship size, and amount borrowed. 0000004180 00000 n /Type /OCG /Type /Annot Please refer to your account documents for more information. /Type /StructTreeRoot /OpenAction 10 0 R 19 0 obj 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. This is not a commitment to lend. /TrimBox [0.0 0.0 603.0 774.0] /SpaceAfter 3.0 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. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /LineHeight 10.0 Past performance does not guarantee future results. personalized financial advice, and does not recommend the purchase or sale of HWmoVp>UvEm[UI The SBL at Merrill Lynch was known as a Loan Management Account ("LMA"), and the SBL at UBS was known as a Variable Credit Line. endobj /Name (US Consumer Privacy Notice) A decline in the value of securities that are purchased on margin may require you to provide additional funds to use to avoid the forced sale of those securities or other securities or assets in your account(s). /W 0 /Lang (en) /S /S /BS << 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. /W 0 No set repayment schedule if you maintain the required level of equity in your account. endobj << You should consult your legal and/or tax advisors before making any financial decisions. /C /Pa3 call 855.332.5920. /TT1 34 0 R You are not entitled to an extension of time on a margin call. << For us, success is about helping you reach your goals, not a number. /S /Note Margin offers a source of liquidity with competitive rates that allows for timely market investments, diversification, stock option financing or short selling. /TextIndent -9.0 >> /IDTree 19 0 R Risk management strategies to consider include: 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. Borrowing against a portfolio of less-volatile securities, such as government bonds or blue-chip stocks. /K [252 0 R 253 0 R] You can satisfy the combined balance requirement for enrollment with either: i.a three-month combined average daily balance in your qualifying deposit and investment accounts or ii.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. /Marked true /SpaceAfter 4.0 /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] >> /Name (rules) /Differences [24 /breve /caron /circumflex /dotaccent /hungarumlaut /ogonek /ring /tilde 39 38 0 obj /SpaceBefore 18.0 Margin interest expenses may also be exempt from the Alternative Minimum Tax (AMT). Merrill does not provide tax advice, so please consult your tax advisor for tax advice about margin interest deductibility. /OC 6 0 R << << >> 156 0 R null 158 0 R 159 0 R 160 0 R null 161 0 R null 162 0 R 163 0 R /P 26 0 R /Type /Annot 800.637.7455. www.ml.com. >> 240 0 R 241 0 R 242 0 R 243 0 R 244 0 R 245 0 R 246 0 R 247 0 R 248 0 R 249 0 R << Talk to your Merrill advisor to see if Margin can help you tap into the value of your investments and support your larger financial strategy. 82 0 R null 83 0 R null 84 0 R null 85 0 R null null 86 0 R The account minimum is zero (0$) The negative of Merrill Lynch account. << We put you first, every day. 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. Investment, insurance and annuity products: Then we can provide you with relevant answers. >> endobj 223 0 R 224 0 R 224 0 R 225 0 R 226 0 R 227 0 R 228 0 R 229 0 R 230 0 R 231 0 R Merrill Preferred Deposit Rate. /P 4 0 R /K 244 0 R /LastModified Loan Management Account Agreement. 1. 172 0 R 36 0 R 30 0 R 32 0 R 173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R >> /Last 22 0 R /Font << /K 228 0 R 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. Banking products are provided by Bank of America, N.A. >> /MC0 6 0 R /CS0 [/ICCBased 51 0 R] 21 0 R] /Type /Pages /Font << >> /S /TH /T1_2 57 0 R /ParentTree 9 0 R /BS << << Use eligible investments in your Merrill brokerage account as collateral for multiple loan from Bank of America. >> and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. >> Securities-based financing involves special risks and is not for everyone. /Pa3 << >> endobj /LineHeight 10.0 /Intent [/View /Design] 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 expectations and investment time horizon. /Type /Annot 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. 28 0 obj endobj /C /Pa3 /O /Layout /K 217 0 R 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. We can increase our house maintenance margin requirements at any time and are not required to provide you advance written notice. /StartIndent 9.0 Meeting challenges. Do we lose the house and stocks or just stocks? /O /Layout 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. << Diversification does not ensure a profit or protect against loss in declining markets. Clients should consult their own independent tax and legal advisors. All applications for LMA accounts are subject to approval by Bank of America, N.A. << Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. /O /Layout and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. It may also make you eligible to earn higher interest rates by putting you in a higher asset tier. >> /Kids [6 0 R 7 0 R] EMA account(s) determines the interest rate you receive on deposits in the Merrill Lynch Bank Deposit Program. << /LineHeight 10.0 Additional information is available in ourClient Relationship Summary. endobj 3 0 obj /S /Sect 0 Terms and conditions apply. endobj 41 0 obj /A 177 0 R FINRA Sanctions Against the Firm Underline the Dangers of Leverage-Backed Lines of Credit and Margin Risk . t%\)p.OxKwLr}(cdFNDH1:X}x|BY-46CrYJv8b)T#,?a. 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. /P 296 0 R /K 247 0 R Key take- aways . /BaseFont /ZapfDingbats /Parent 12 0 R >> << >> /Chart /Figure May continue to take some small contract/freelance work here and there but dont want to depend on it. /Pa24 << Bank of America Private Bank is a division of Bank of America, N.A. Your failure to satisfy the call may cause us to liquidate or sell securities in your account(s). << /Contents 46 0 R U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. Is the LMA a fixed interest rate or variable? Bank of America Private Bank is a division of Bank of America, N.A. /S /S >> /LineHeight 8.0 may change its collateral maintenance requirements at any time. /StartIndent 25.0 /Annotation /Span Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. 20 0 obj Margin loans are used to cover transactions in a margin account when there isnt sufficient cash and money account balances for the transaction. 0000004295 00000 n /O /Layout 1194 0 obj <>stream /Type /Annot /LineHeight 8.0 $100,000+. 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? Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. A decline in the value of your collateral assets may require you to provide additional funds or securities to avoid a collateral maintenance call. /Pa6 << >> Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. Accounts with more than a million dollars in idle cash earn 0.30%, which is still very low. >> Clients should contact their Merrill financial advisor for a personalized version. Creative solutions for your personal and business needs. xref Investment, insurance and annuity products: Then we can provide you with relevant answers. endobj /Subtype /Type1 stream endobj /BS << /Subtype /Link 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. /ID (DDM_zq-UIkCHmgB-1EGp2w) 0000010245 00000 n /StructParent 5 O5Gp#:C&;fX Loan Management Account (LMA account). Loan Management Account, Merrill Lynch Consults, Merrill Lynch MFA, Merrill Lynch Mutual Fund Advisor, mymerrill.com, Personal Investment Advisory, RCMA, Signature Rewards. endobj APY Rate. These rates are valid for self-directed retail . << 71 0 R null null null 72 0 R 73 0 R null 74 0 R 75 0 R 76 0 R /H /I >> /Subtype /Link Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. 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 /W 0 /Tabs /S /A 184 0 R /StructParent 3 U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. 87 [86 0 R 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 101 0 R 102 0 R /K 232 0 R >> /P 298 0 R /ProcSet [/PDF /Text] He wants us to stay in the mark, sell as little stock as needed and avoid paying as much tax as we can. For more information about these services and their differences, speak with your Merrill financial advisor. 9 0 obj << Get up to $600 when you open a new Merrill Edge account with at least $20,000. /Border [0 0 0] If the equity in your account falls below the maintenance margin requirements or Merrills higher house requirements, we can sell the securities or other assets in any of your accounts held by us to cover the margin deficiency. 122 0 R 123 0 R 124 0 R 125 0 R 126 0 R 127 0 R 128 0 R 129 0 R 130 0 R 131 0 R /TT0 33 0 R 16 0 obj endobj /Border [0 0 0] /K [47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R 56 0 R /XObject << /ID (SMVzWBbYQEyv6Y8Uc5E7xQ) endobj >> /Intent [/View /Design] /H /I >> Margin Account Application. startxref 18 0 obj /Type /Border %PDF-1.6 % When considering a margin loan, you should take into account your individual requirements, portfolio composition and risk tolerance, as well as capital gains taxes, portfolio performance expectations and investment time horizon. information about the scope and terms of the brokerage services that Merrill Lynch, Beginning April 1, 2015, EMA accounts will no longer be valued together with . Merrill Preferred Deposit ACH Capabilities and Limits. /O /Layout /Intent [/View /Design] endobj The Bank can change its collateral maintenance requirement at any time without notice to you. 7 0 obj << How to Earn Merrill Preferred Deposit Rate. /A 181 0 R Investing involves risk. 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. << >> /ClassMap 25 0 R Merrill Lynch Loan Management Account Agreement filed by CombiMatrix Corp on May 14th, 2008 Access to a wide range of investment solutions from Merrill and banking products from Bank of America. Merrill Lynch Direct Deposit Program 0.01% Merrill Lynch Direct Deposit Program --- Tier 64 1.06% Merrill Lynch Business Deposit Program --- Tier 3 ($1M to <$10M) 0.30% Merrill Lynch Business Deposit Program --- Tier 4 (>=$10M) 1.06% Preferred Deposit for Business2, 3 4.50% 1$1,000 minimum opening deposit. /Border [0 0 0] /StructParent 88 All securities are subject to credit approval and Bank of America, N.A. /Count 18 8 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.). /CropBox [0.0 0.0 612.0 792.0] ii. /Subtype /Link *see current rates here. For details on Bank of America employee qualification requirements, please visit the Employee Financial Services intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to enroll on customized terms. Please visit https://promo.bankofamerica.com/cebi-disclosures.> for details. Whatever your goals, Merrill and Bank of America offer a wide range of solutions to help you get there. 162 0 R 163 0 R 164 0 R 165 0 R 166 0 R 167 0 R 168 0 R 169 0 R 170 0 R 171 0 R >> /H /I We are planning to move to Seattle from Atlanta in the next 3ish months. <]>> 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 An extension of credit based on eligible securities youpledge as collateral from qualified Merrill brokerage accounts. Access to a wide range of investment solutions from Merrill and banking products from Bank of America. >> /Pa8 << /ArtBox [0.0 0.0 603.0 774.0] /S /TH << Our approach. Copyright 2009-2023 ACM MEDIA LLC. /0 603.0 /PageLayout /SinglePage The LMA account requires a Merrill account and sufficient eligible collateral to support a minimum credit facility size of $100,000. /Rect [53.2498 249.223 141.2 264.988] 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. << endobj /P 26 0 R /Names 4 0 R Save Money By Splitting Doses of Frontline Plus Flea Medication - Up to 90% Savings! /Kids [21 0 R 63 0 R 64 0 R 65 0 R 66 0 R] /K 239 0 R /StructParent 2 >> /Title () may change its collateral maintenance requirements at any time. x}KF=E {k C7 $|CO`,Vf9* z["iAwss{NGw7~O?~_o0Cvw(:j3\9RP|:|r\c~8]\2OaU.-8l)0Y3.ZW,!3X"k+8]f\D#UK+cb\bjZ,x?}/to~ OS>N /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] >> /Intent [/View /Design] Other parties to this Agreement include: (a) any person who is providing a lien and security interest in one or more Securities Account (defined below) and other collateral described below (any person providing this lien and security interest, including the Borrower, if applicable, is, collectively, the "Pledgor"); (b) (i) if applicable, Merrill Lynch, Pierce, Fenner & Smith Incorporated . >> >> Equal Opportunity Lender. /A 284 0 R 20 157 0 R 21 170 0 R] 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. 0000021569 00000 n /ViewerPreferences << /Group 30 0 R /Kids [23 0 R 24 0 R] /DocumentID g-Y;-=8Cfdy-ff'@& wSs{Iauh -4Rkxo. /Marked true /A 60 0 R /LineHeight 8.0 0000006020 00000 n 9 0 obj /A 297 0 R Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. >> /W 0 This Merrill Lynch Loan Management Account Agreement ("Agreement") . Some investors mistakenly believe that they must be contacted for a margin call to be valid, and that securities or other assets in their accounts cannot be liquidated to meet the call unless they are contacted first. /Metadata 2 0 R >> >> /A8 << 90 0 R 91 0 R 92 0 R 93 0 R 94 0 R] /Subtype /Link << For all other accounts, the terms are in your account agreement and disclosures. 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 >> /S /S /Rect [56.8499 303.761 118.24 319.527] This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Bank of Americas suite of banking products and services. /MediaBox [0.0 0.0 603.0 774.0] Strategic borrowing and thoughtful use of credit can help you increase the power of your wealth to pursue your goals. endobj /LineHeight 8.0 Account fees: 5 out of 5 stars. /ordmasculine 188 /onequarter /onehalf /threequarters 192 /Agrave /Aacute /Acircumflex /Atilde /Rect [0.0 792.0 0.0 792.0] 0000032078 00000 n 0000032900 00000 n Is this the same as a ["Pledged Asset"] (https://www.investopedia.com/terms/p/pledgedasset.asp), if not how does it differ? /Underline /Span /Type /Page endstream /Outline /Span endobj No reviews yet . You can lose more funds than are held in the collateral account. In a 3 -year back -test, Bloomberg reports a . The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. << endobj << >> 256 0 R 257 0 R] << endobj 10 0 obj (YT4qKTQuOUCThVIS6w-5CQ) 39 0 R (qcjKsBZ_m0izlbalVhEfRQ) 40 0 R (zDS1U1Dmok-LPIntoqJb9g) 41 0 R] >> The highest rate is 1.06% with a $10 million cash balance (not $10 million in account value). /BS << endobj 4 0 obj Many retirement plans allow you to take a loan up to (1) the greater of $10,000 or half of your vested account balance or (2) $50,000 minus any outstanding loan balances* whichever is less. Online options spreads are limited to two legs. /Encoding << . Your default cash sweep interest rate is the one for "Merrill Lynch Bank Deposit Program - Tier 1 . 102 0 R 103 0 R 104 0 R 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R /H /I /Border [0 0 0] >> It is important to understand the differences, particularly when determining which service or services to select. /Type /Catalog << /Subtype /Link tI:nr,F6FMON1uq%hOb~s& Le%~))G*me$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. /P 287 0 R >> /Subtype /Type1 All accrued finance charges on the Term Advance will be due and payable upon the earlier of (a)demand, or (b) monthly . /TT0 33 0 R /SpaceAfter 3.0 null 97 0 R null 98 0 R 99 0 R 100 0 R 101 0 R null 102 0 R null /Rect [56.8499 142.832 139.744 158.598] Access to a wide range of investment solutions from Merrill and banking products from Bank of America. /Type /StructTreeRoot The client can lose more funds than deposited in such collateral account. 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.). /First 22 0 R /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron 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 . 11 0 obj /S /TH 0000032985 00000 n 18 0 obj null null 118 0 R 119 0 R null 120 0 R 121 0 R null 122 0 R null The LMA account is an uncommitted facility, although loans to individuals and trusts may be committed in an amount not to exceed $100,000. the FA stated the SBL account interest rates were lower than conventional mortgage rates, the financial advisers could continue to manage the Claimants' assets in the accounts and earn more than the SBL . /A 182 0 R 0000032155 00000 n /Type /Border endstream /S /S Best Interest Disclosure Statement Please retain for your records Merrill Lynch, Pierce, Fenner & Smith Incorporated. 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. Current rate sheet. /Adieresis /Aring /AE /Ccedilla /Egrave /Eacute /Ecircumflex /Edieresis /Igrave /Iacute /StructParents 86 Consult your tax advisor for tax advice about margin interest deductibility. << /H /N CD purchased through Merrill are known as "brokered CDs." A Merrill brokerage account is required for a brokered CD. 5 0 obj 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. /Border [0 0 0] /StartIndent 13.0 My questions. Merrill Edge gets high marks when it comes to account fees: There are no partial transfer, annual or inactivity fees for brokerage accounts. endobj Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. endobj /TextIndent -5.0 /CreatorInfo << /Parent 23 0 R >> /O /Layout endobj >> Available nationwide, Merrill Preferred Deposit account is offering 4.50% APY on your funds with a minimum opening deposit of $100,000. /W 0 /igrave /iacute /icircumflex /idieresis /eth /ntilde /ograve /oacute /ocircumflex /otilde 0000018918 00000 n 43 0 obj /H /I >> Securities-based financing involves special risks and is not for everyone. 1 71 0 R 2 71 0 R 3 72 0 R 4 78 0 R /A 278 0 R /S /S /LineHeight 8.0 /LineHeight 0.0 /Type /Annot ] /K 8 0 R 0000094181 00000 n >> Net Worth around 4.2M + 150-200k after sale of house. /SpaceBefore 4.0 endobj
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