Merrill A Bank of America CompanyMerrill A Bank of America Company Secured Opening an investment account online is simple, secure and only takes minutes. Back Back Back Back iEnjoy tax advantages andhigh contribution limits Back BackBack Back Back Back Back Back Back Back iPay no tax on earningsuntil you make withdrawals iUse after-tax earnings tolater withdraw funds tax-free Skip this question Merrill, its affiliates, and financial advisors do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Back Back Back Back Back Back Back Back Back Back Back Back Back Back Back Back Or manage your own investments and pay no annual fee Open a self-directed account instead Or manage your own investments and pay no annual fee Open a self-directed account instead Or manage your own investments and pay no annual fee Open a self-directed account instead Or manage your own investments and pay no annual fee Open a self-directed account instead Or manage your own investments and pay no annual fee Open a self-directed account instead Back Continue online Schedule an appointment 855.488.5245 Back Back Back Back Back Back Back Back Back Back Back Manage your own investments and pursue your financial goals through a personal account. Open now Prefer to have this account managed for you? See if you qualify An Investment Advisory Program Have your portfolio built and managed by Merrill with a minimum investment of $ 1,000 NEW OFFER$0 program fee for 6 months for new enrollmentsFootnote1 Open now Must use offer code: 6FREE View offer termspopup Benefit from the potential to earn tax-free income and greater withdrawal flexibility in retirement. Open now Prefer to have this account managed for you? See if you qualify Benefit from the potential to reduce current taxes, while enjoying tax-deferred growth potential (contributions may be tax deductible). Open now Prefer to have this account managed for you? See if you qualify Maintain your traditional 401(k) or 403(b) retirement plan's tax-deferred status while consolidating your assets. Open now Maintain your retirement plan's tax-deferred status while consolidating your assets. Open now Prefer to have this account managed for you? See if you qualify Enjoy tax advantages, diverse investment options and high contribution limits to help you save for future education expenses. Open now Manage your own investments and pursue your financial goals through an account with up to four owners. Open now Prefer to have this account managed for you? See if you qualify Set aside money on behalf of a minor to pay for education or other expenses. Open now Prefer to have this account managed for you? See if you qualify Benefit from the flexibility to contribute as your cash flow allows, with contribution limits nearly 10 times higher than a traditional IRA. Open now Prefer to have this account managed for you? See if you qualify Roth IRA Don't see what you're looking for? We'll help you find the right account. MAP6139857-01312025 Need help? Call 888.637.3343What are you investing for?
General investingRetirementEducationHow do you want your account to be managed?
I'll select my own investmentsI prefer a portfolio that's managed for meIt's smart to plan ahead. Tell us a little more.
I'm moving assets from an existing retirement accountI'm opening a new retirement accountThis will be a retirement account through my small businessIt's smart to plan ahead. Tell us a little more.
This account will only be used for education-related expenses
Who will need access to this account?
Just meTwo or more individualsJust me, on behalf of a minorHow do you want your account managed following your rollover?
I'll select my own investmentsI prefer a portfolio that's managed for meHow do you want your account to be managed?
I'll select my own investmentsI prefer a portfolio that's managed for meHow do you want your account to be managed?
I'll select my own investmentsI prefer a portfolio that's managed for meHow do you want your account to be managed?
I'll select my own investmentsI prefer a portfolio that's managed for meHow do you want your account to be managed?
I'll select my own investmentsI prefer a portfolio that's managed for meWhich best describes your business right now?
I'm self-employedI have employeesI am an employeeWhat type of retirement account are you moving assets from?
An employer plan, such as a 401(k) or 403(b)Traditional IRARoth IRASEP or SIMPLE PlanWhen do you plan to pay taxes?
When I make withdrawals
As I contribute
Will your business contribute to employees' accounts?
Yes, the business will make contributionsI'm not sure, but I'd like the option to decide annuallyHow much will you invest to start?
Between $1,000 and $20,000At least $20,000Starting with less than $1,000?
Open a self-directed account insteadOpen a self-directed account insteadHow much will you invest to start?
Between $1,000 and $20,000At least $20,000Starting with less than $1,000?
Open a self-directed account insteadHow much will you contribute to start?
Between $1,000 and $20,000At least $20,000Starting with less than $1,000?
Open a self-directed account insteadHow much will you contribute to start?
Between $1,000 and $20,000At least $20,000Starting with less than $1,000?
Open a self-directed account insteadHow much will you contribute to start?
Between $1,000 and $20,000At least $20,000Starting with less than $1,000?
Open a self-directed account insteadHow much will you contribute to start?
Between $1,000 and $20,000At least $20,000Starting with less than $1,000?
Open a self-directed account insteadGreat! Let's get you started:
Get started with a Financial Solutions Advisor
Get started with our online application, then review your financial picture with an advisor.
Set up a meeting
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Select an account to continue
Great! Based on your responses, this account may be right for you:
Great! Based on your responses, these accounts may be right for you:
You'll need to open a matching IRA before moving assets. This account may be right for you:
You'll need to open a matching IRA before moving assets. One of these accounts may be right for you:
You're almost there! Based on your responses, these plans may best match your business:
You're almost there! Based on your responses, this plan may best match your business:
If you're unsure what type of retirement account to open, please ask your employer.
Individual brokerage account
Merrill Guided Investing
*Conditions and other fees applyRoth IRA
Traditional IRA
Traditional IRA
Rollover
NextGen 529 Plan
Joint brokerage account
Custodial Brokerage (UGMA/UTMA)
SEP IRA
Moving assets from a Roth 401(k) or Roth 403(b)?
Choose a Roth IRA instead
FAQs
How much money do you need to open a Merrill Edge account? ›
For clients who want to make their own investment decisions, Merrill Edge offers simple flat-rate pricing with no minimum balance and no trade minimums. Merrill Edge also offers one-on-one guidance for clients who prefer to work with a Merrill Edge Financial Solutions Advisor and plan to invest at least $20,000.
What is the difference between an investment account and a trading account? ›Investing takes a long-term approach to the markets and often applies to such purposes as retirement accounts. Trading involves short-term strategies to maximize returns daily, monthly, or quarterly.
What types of accounts are available at Merrill Edge? ›You can open the following product/account types or convert existing accounts to Merrill Guided Investing: Individual, Joint and Custodial (UTMA/UGMA) brokerage accounts, traditional IRAs, Roth IRAs, SEP and SIMPLE IRAs. You can also roll over a 401(k) or other employer-sponsored retirement plan.
How to open a Merrill Lynch trading account? ›- Social Security number and date of birth.
- A valid mailing and email addresses.
- Employment information (including company name, address, and start date)
- General financial information (such as annual income and household net worth)
Beginner and intermediate DIY investors will be well-served by Merrill Edge's technology and range of services. As an online brokerage, Merrill Edge offers a comprehensive platform with adequate technical and fundamental tools suitable for long-term investors and casual traders.
Does Merrill Edge charge a monthly fee? ›Merrill Edge Self-Directed accounts have no minimum balance requirement and no annual account fee. Additional transaction, service or investment fees may apply. See our comprehensive pricing for details.
How much money do day traders with $10,000 accounts make per day on average? ›On average, day traders with $10,000 accounts can make $200-$600 per day, with skilled traders aiming for 2%-5% returns daily. So, it is possible to achieve a daily profit of $200 to $600 with a $10,000 account.
Which trading is best for beginners? ›Day trading can be a bear fruits for beginners who are willing to put in the time and effort to learn the markets and develop their trading skills.
Can I withdraw money from my investment account? ›You can withdraw funds from your investing account at any time without tax penalty. Any investment gains and dividends in your investing account may be subject to taxes.
Is my money safe with Merrill Edge? ›Are cash management accounts safe? Any assets you hold in your Merrill Cash Management Account ® (CMA account) are protected by the Securities Investor Protection Corporation (SIPC). The SIPC provides up to $500,000 of account protection per client, inclusive of up to $250,000 for cash.
What investments does Merrill Edge offer? ›
You can invest your way with access to a wide range of stocks, bonds, ETFs and well-known mutual funds. Enjoy unlimited $0 online stock, ETF and option trades, with no annual account fees or balance minimums. Options contract and other fees may apply.
How long does it take to open a Merrill Edge account? ›You can open an investment account online in less than 15 minutes. Or speak with Merrill Financial Solutions Advisors at 888. MER. EDGE (888.637.
What is the difference between Merrill Lynch and Merrill Edge? ›Merrill Lynch brokers are encouraged to focus on building and retaining relationships with wealthy clients. Merrill Edge is a discount online broker that has no account minimum and $0 commission stock and ETF trades while still providing some access to Merrill Lynch's research and tools.
How much money do you have to have to invest with Merrill Lynch? ›Merrill Lynch Financial Advisors is the advisory service associated with Merrill Edge. The firm requires a $20,000 minimum investment, and it comes with a 0.85% annual management fee.
How do I get my money out of Merrill Edge? ›How do I withdraw money from my Merrill Edge Self-Directed account? Log in to your account and select Transfer Money & Securities under the Accounts tab. From there, you can select the withdrawal method and follow the on-screen instructions.
Is Merrill Edge expensive? ›Like many brokers, both Merrill Edge and Vanguard charge no commissions on stock and ETF trades. Additionally, there are also no per-leg commission options trades. Per-contract commissions are $0.65 at Merrill4 and $1 at Vanguard.
What is the minimum net worth for Merrill Lynch? ›Investment Minimum. As a company, Merrill Lynch boasts of no minimum account requirements for its services. Nonetheless, individual wealth managers set their limits and have typically catered to high-net-worth clients with assets starting from $1 million and above.
What is the minimum balance for Merrill Lynch? ›With no account minimums for most types of accounts, Merrill Lynch Wealth Management is available to nearly anyone.
What is the difference between Merrill and Merrill Edge? ›In contrast, Merrill Edge is a discount online brokerage platform that doesn't require an account minimum and offers commission-free trades for stocks and ETFs, while still granting access to the research and tools available to Merrill customers.