null null 164 0 R 165 0 R 166 0 R null 167 0 R null 168 0 R null /ON [6 0 R 7 0 R 8 0 R 9 0 R] 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. >> >> /A10 << **See more from Betterment /TextIndent -9.0 He stated we could use options to insure our stock value but didnt go into detail on that. endobj 11 0 obj Do we lose the house and stocks or just stocks? /S /S 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. Dont want to sell assets or deplete cash reserves to fund your investment goals. << >> 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. /W 0 0000003120 00000 n /dotlessi /lslash /oe /scaron /zcaron 160 /Euro 164 /currency 166 << 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. 0000010245 00000 n 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. 19 0 obj Margin is not appropriate for all investors. /LineHeight 10.0 /Strikeout /Span >> /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron >> /Subtype /Artwork /Count 18 /Annots [36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R 45 0 R] Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch Wealth Management Advisor. /MediaBox [0.0 0.0 612.0 792.0] /SpaceAfter 4.0 /A 288 0 R /Title <4C6F616E204D616E6167656D656E74204163636F756E74AE2041677265656D656E74> /Metadata 2 0 R This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. 13 0 obj Merrill Edge gets high marks when it comes to account fees: There are no partial transfer, annual or inactivity fees for brokerage accounts. << 12 0 obj /S /Note /S /TH 2 0 obj /TT1 34 0 R 6 0 obj >> endobj /DR << /D [21 0 R /Fit] /Fields [] /Resources << Is this the same as a ["Pledged Asset"] (https://www.investopedia.com/terms/p/pledgedasset.asp), if not how does it differ? <]>> >> /Intent [/View /Design] As a Merrill client, you can purchase CDs through Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill) from various banks, including Bank of America, N.A. stream >> /Rect [53.2498 233.457 141.2 249.223] /Border [0 0 0] >> /Border [0 0 0] 41 0 obj /TT0 33 0 R /LastModified /SpaceAfter 3.0 152 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 /StructParent 9 >> /Subtype /Link >> Past performance does not guarantee future results. /StartIndent 15.0 /Group 30 0 R null 67 0 R null 68 0 R null 69 0 R null 70 0 R null null >> >> 800.637.7455. www.ml.com. LMA loans charge interest, and may be subject to fees and other charges, all as set forth in the LMA agreement and documents. << 6 0 obj Debit Balance. 111 0 R 112 0 R null 113 0 R 114 0 R 115 0 R null 116 0 R 117 0 R null /A 183 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. /BS << >> Borrow with floating interest rates, based upon the Merrill Base Lending Rate (plus a spread), total relationship size, and amount borrowed. :*iSmZkD.t9x0Bx Y|V3"zLXWp X`s%1Eu$c62, qrvHF^;eJOypZn}:Bi!* mJBMd;cB>klD32lo&"Z*N#z8"Ex"F. /A 278 0 R /Border [0 0 0] endobj /A 60 0 R >> endobj We can sell your securities or other assets without contacting you. . /StructParent 7 >> endobj /Parent 12 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. g-Y;-=8Cfdy-ff'@& wSs{Iauh -4Rkxo. >> A Term Advance must be for at least $100,000 and will have a specific interest rate set for a term of 12 months or more that is called the Term Period. /Creator (Adobe InDesign 15.1 \(Macintosh\)) /SpaceBefore 9.0 44 years old, married two kids 10 and 6years old. Get timely insights on what's happening with the markets & global economy to help you stay on track. My questions. /Pa10 << /NumberofPages 1 The Margin Lending Program (margin) provides an extension of credit based on eligible securities used as collateral from your qualified Merrill accounts. 11 0 obj endobj Bank of America Private Bank is a division of Bank of America, N.A. /MC0 6 0 R /Rotate 0 0000015597 00000 n Clients should contact their Merrill financial advisor for a personalized version. /Type /Outlines An extension of credit based on eligible securities youpledge as collateral from qualified Merrill brokerage accounts. >> /P 285 0 R /K [256 0 R 257 0 R] /O /Layout /SpaceAfter 3.0 Diversifying your portfolio by purchasing securities that balance your holdings and potentially offset losses on existing securities. >> >> 0000033921 00000 n Creative solutions for your personal and business needs. endobj /Contents ( Securities Investor Protection Corporation \(SIPC\) ) 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 /Adieresis /Aring /AE /Ccedilla /Egrave /Eacute /Ecircumflex /Edieresis /Igrave /Iacute 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? Talk to your advisor about integrating these products. MyMoneyBlog.com is a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. << We put you first, every day. /Intent [/View /Design] endobj 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. /Pa17 << /Parent 11 0 R Get up to $700 when you fund a J.P. Morgan Self-Directed Investing account. /Pages 12 0 R Get timely insights on what's happening with the markets & global economy to help you stay on track. /StructParent 6 Take advantage of pricing based on your overall relationship. /W 0 ] (YT4qKTQuOUCThVIS6w-5CQ) 39 0 R (qcjKsBZ_m0izlbalVhEfRQ) 40 0 R (zDS1U1Dmok-LPIntoqJb9g) 41 0 R] 37 0 obj Your failure to satisfy the call may cause us to liquidate or sell securities in your account(s). 0000006020 00000 n /Superscript /Span >> A decline in the value of your collateral assets may require you to provide additional funds or securities to avoid a collateral maintenance call. /Rect [53.2498 207.926 141.2 223.691] >> 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. Save Money By Splitting Doses of Frontline Plus Flea Medication - Up to 90% Savings! /RoleMap 10 0 R It is important to understand the differences, particularly when determining which service or services to select. Savings I Bonds May 2023 Inflation Rate: 0.90% Fixed, 4.30% Total Composite Rates, Bilt Mastercard: Earn Rewards For Paying Rent w/ Any Landlord (May 1st Promo + 1,000 Easy Points), Citi Rewards+ Card Review: 25,000 Bonus Points, 0% Intro APR on Purchases for 15 Months, AllAmerica and Redneck Bank: 4.80% APY Money Market, 5.05% APY Rewards Checking, 5.15% APY CDs, 5.00% APY No-Penalty CDs, 5.05% APY Savings via SaveBetter, The iShares 0-3 Month Treasury Bond ETF (, The PIMCO Enhanced Short Maturity Active Bond ETF (. 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R 65 0 R 66 0 R] endobj /Metadata 3 0 R We are planning to move to Seattle from Atlanta in the next 3ish months. endobj /LineHeight 10.0 Past performance does not guarantee future results. endobj While an extension of time to meet margin requirements may be available to you under certain conditions, you do not have a right to the extension. >> /0 212 0000011660 00000 n >> << endobj 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. /Subtype /Link % 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. << Merrill Preferred Deposit Rate. -!X@!IQ \1u^G 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). /W 0 For more information about these services and their differences, speak with your Merrill financial advisor. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /S /TH Securities-based financing involves special risks. 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 9 0 obj /ID (-3iqb6ZERkSf-Hc_vzJcOw) << 0000004180 00000 n /Type /Catalog Investment, insurance and annuity products: Then we can provide you with relevant answers. EMA account(s) determines the interest rate you receive on deposits in the Merrill Lynch Bank Deposit Program. /LineHeight 10.0 /BS << endobj Equal Opportunity Lender. endobj 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. /SpaceAfter 2.0 /Type /Border endobj }3rpF@j,7/nr~o/Ob?`K6M[7)eLyzgtJC8ICOerJ_Vp[?ra'7Q Talk to your Merrill financial advisor about whether an LMA accountmight be appropriate for you. >> 0000069376 00000 n 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. 0000009122 00000 n It may also make you eligible to earn higher interest rates by putting you in a higher asset tier. There is always the potential of losing money when you invest in securities. /O /Layout Bank of America Private Bank clients qualify to enroll in the Diamond tier, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill, and Private Bank balances. /Subtype /Link /BS << 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. This can happen for a securities trade, through check writing or Visa debit card purchases, or Bill Pay transactions.
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