What are the fees and charges associated with Merrill Lynch accounts?

At Merrill Lynch, our fees and charges depend on the type of account and services you choose. We offer a range of investment options, including advisory accounts, brokerage accounts, and retirement accounts, each with its own fee structure. Our advisory accounts typically involve an annual asset-based fee, which is a percentage of your account's value. The fee varies depending on the investment strategy and account balance. For brokerage accounts, we have transactional charges, including commissions for buying or selling securities. Additionally, certain investments or services may have additional fees, such as mutual fund expense ratios or account maintenance charges. Our goal is to be transparent, and we provide detailed information regarding fees in our account agreements and disclosures. We encourage you to discuss your specific needs with a financial advisor who can guide you through the fee structure and help find the best account option for you.