And if your post should have been a google search then it will likely be removed. Now I prefer to trade a bit less. Investing (10 days ago) Merrill Edge Guided Investing is an online investment advisory program that also gives you access to a team of experienced human advisors. Interface is good enough for me. I'm new to the investing game and wanted to find out if anyone here has had a positive experience using Merrill Edge's Guided Investing with Advisor? So they go with something more complicated, which generally would have worse results. But if you don't outsmart yourself, individual stocks will end up more tax efficient than index funds while otherwise having the same expected growth. Merrill Guided Investing requires you to invest at least $5,000, but the minimum goes up to $20,000 if you want help from an advisor. Free trades are only for ETFs and Stocks, if you do options you will pay a (fairly hefty) commission, so you want something else for options probably. Long ago I traded more often and I had a few weirdly overlapping sets of 30, so I really only got a few more than 30 free trades per month. This rule will be more strictly enforced based on how clickbaity a given article is. No Merrill Guided Investing review would be complete without discussing how safe your money is. I would be starting with less than 100k with monthly contributions of probably 1-2k a month. Strictly no self-promotional threads. You aren't saying the free trades are limited to ETFs. That is scarier than letting an expert make the choices, but as long as you aren't deluded about your own expertise it works better. Other sons (and in the past my wife) have or had 401K accounts at a few terrible minor (don't even reveal the true financial institution name) 401K providers that manage to be even worse than Fidelity. [â]jsf67 0 points1 point2 points 4 years ago (0 children). WSJ guide on how to pick a financial planner, It's about time in the market, not market timing, Vanguard's thoughts on lump-sum investing, A huge list of the best books on investing. You are responsible for your own investment decisions. If you think that buying "hot" (popular, getting lots of attention, wave of the future, etc.) Similarly, my wife and I and one son all have 401Ks at Fidelity, where there are three totally different online UIs for those three accounts and all are confusing and worse than Merrill Edge and customer support is terrible. Merrill just updated their options-buying UI and it is no easier to trade options than it was before. It’s a relative newcomer in this space, having been launched in January 2017. The service will assess financial goals and risk tolerance and select exchange-traded funds (ETFs) that are vetted by Merrill Lynch’s Global Wealth and Investment … Merrill Edge itself was launched in 2010 as part of the Merrill Lynch … I have a BOA account and managed to get to their Preferred Awards Platinum status so I would be able to bring my annual fee down to .70% since they give a .15% discount. A 2008 merger with Bank of America … Granted, I don't have the account set up with monthly contributions, but still. Was the process seamless, or complicated and long? Hi, I'd like to switch from my current broker to Merrill Edge, mainly since they allow free trades if you meet a certain threshold in your bank account, and I already use Bank of America so I'd qualify for it eventually. Also know there is a fee for transferring securities if you want leave Merrill Edge, but I haven't wanted to so far. Merrill Guided Investing accounts are low-cost managed portfolios that are built, managed, and rebalanced by investment professionals and can be individual, joint, custodial, IRA, or Roth IRA. If your question likely has a "right answer", is a beginner topic, you simply need help finding general intro to investing information, or if it's asking for general input on what to do with your investments then post in the "Daily Advice Thread". I'm hesitant to invest on my own and thought this might be a better option. Access to human advisors: Robo-advisors are great at keeping costs down and helping investors with modest balances make good investment … 4. r/investing does not endorse any recommendation or opinion made by any member, nor do any users or moderators of r/investing advocate the purchase or sale of any security or investment. The free trades do include ordinary stocks and you are just saying you don't choose to trade those. 7. But I doubt another brokerage would either. What features does Merrill Guided Investing offer? I didn't see any buying opportunities morning after the election, nor did I see the kind of Merrill Edge slowness that occurs in real buying opportunities. © 2021 reddit inc. All rights reserved. [â][deleted] 3 points4 points5 points 4 years ago (0 children). What are your thoughts on Merrill Edge if you use it currently and qualify for free trades? Brokerages can get away with crap service on accounts where those enduring the crap service have no say in the choice of brokerage. At … Dec included extra trades to hit a specific target of realized capital gains or losses for each of my four sons, and even that brought the total to just 28 for the month. Has anyone transferred securities from their current broker to a new one? I'm so far from hitting the limit in any account that I don't need to know (and in an interlocking collection of single and joint accounts, with each individual separately qualifying for free trades, the rules are pretty hard to know). 2. The non premium service has longer hours. Merrill doesn't give clear information (I can't see how many day trades I've done; TD keeps track whenever I make any day trades and puts an alert on the screen). [â]wwwyzzrd 0 points1 point2 points 4 years ago (0 children). This was tremendously helpful! You certainly could do much worse on your own, but lack of knowledge and experience is no reason to do worse on your own. That's my take. Press question mark to learn the rest of the keyboard shortcuts. I manage a large number of taxable and retirement accounts for myself, my wife and my four sons. Really want to move out of Edge, but they approved me for options. We are not a politics or general "corporate" news forum. Moved over from ETrade since they wouldn't match the free trades at Merrill Edge. Merrill Edge Guided Investing sest itself apart in its combination of an automated platform and available human advisors. I read recently that TD is investing in software and technology, I assume to make trading easier. If you want their robo service they have without advisor for 0.3% to 0.45%. Using for many years, excellent, free trades. More often they find ways to invest your money badly to help them make quotas for getting people to invest in things their employer gets money for promoting. But I do like the free trades, it adds up over time, I can save up to couple hundred dollars a month. They made sense back in the mid 1990s when it cost $20 to buy an ETF and there weren't many choices or good options. Please consult with a registered investment advisor before making any investment decision. So, I can get the safety of a limit order without having to adjust the limit price as the stock price moves. With Merrill, I have to open another window and keep refreshing in order to track the current price. Just so you don't confuse anyone, you are just saying free trades don't include options. I haven't had an ordinary online brokerage other than Merrill Edge in a LONG time. Additionally do not just make a self post to offer some simple thoughts. I'm new to investing, what should I do? Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Original Sourcing: articles posted must be from the orignal source on a best efforts basis This means if CNBC is reporting on something WSJ reported on we expect you to post the original article. [â]Bogus_Sushi 1 point2 points3 points 4 years ago (0 children). The fees are fine with larger trades. Merrill Edge offers $0 trades with industry-leading research tools (especially ESG research) and excellent customer service. Merrill Edge Merrill Edge offers $0 trades with industry-leading research tools (especially ESG research) and excellent customer service. Managed Account Advisors LLC (MAA), Merrill Lynch's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Edge … Since I have only taxable and IRA accounts at Merrill Edge and only ESPP and 401K elsewhere, I can't do a fair comparison. I just did the same thing. A learning … I'm always against those managed accounts. 6. Thanks! (For example, when selling a stock on TD, you can enter it as a limit order and have your limit price track the stock price until you submit the order. Merrill Edge offers Merrill Guided Investing, a robo-advisor, and another managed portfolio — Merrill Guided investing with an advisor — for investors looking to work with professional … Aside from this Merrill Edge broker review, we've also reviewed the Merrill Edge Guided Investing robo-advisor service. Yeah, I think my hesitation and fear of doing things on my own is defaulting me to the managed account option, which Iâve heard in most instances gives less return over just the S&P or any other major index. But, my TD account is small enough that the fees mess me up. I have a small TDAmeritrade account and a larger Edge account. I put a little bit into the Merrill Edge Guided Investing, and honestly, it hasn't made me much money if at all. But when the market is panicking, the UI is overwhelmed, making it very hard to enter orders and impossible to check prices or check status of orders already entered. Likewise if you're asking about a given feature at a broker then direct those questions to the broker not Reddit. If you’re new to investing (see Best Brokers For Beginners article), the broker would be a good choice. That's hard to beat. It's annoying and I lose money.) I like to do quick trades, and their UI makes it difficult. I'm not a day trader / stock trader, however. Our review takes an in-depth look at Merrill Edge Guided Investing's features. 1 … Use the search function or check out. I've got IRA, Roth-IRA and a regular account through them. 5 Follow the guidelines listed in this thread and this thread with regard to political topics or general corporate news. The advisor is more for estate planning and a shoulder to cry on. Brokerage fees associated with, but not limited to, margin … But then it was all over before the market opened. But I expect most other online brokerages are the same. [â]DrMcNutt[S] 0 points1 point2 points 4 years ago (0 children). We generally expect that your topic incites responses relating to investing. Anyone use Merrill Edge as their broker? Merrill Lynch Guided Investing — MEGI for short — is the robo advisor platform for Merrill Edge. I think most of that is customer service is just worse in ESPP and 401K accounts than in taxable and IRA accounts. Robo-advisors don’t typically offer clients much access to human advisors… Merrill Edge Guided Investing Review 2021: Pros, Cons and How it Compares Merrill Edge Guided Investing stands out for human portfolio management, and current Merrill and Bank of … On top of the 0.7% itself, they can't go with something so simple because going with something so simple would prove you don't need them. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Plus, Merrill clients have access to customer support at about 4,300 Bank of America locations. Then basically ignore them. I put a little bit into the Merrill Edge Guided Investing, and honestly, it hasn't made me much money if at all. Thanks. If they ever approve me for options, I'm moving to them. Rendered by PID 26384 on r2-app-0e6b80794032f1b87 at 2021-02-20 08:50:40.301552+00:00 running 8d94f57 country code: US.