92 [141 0 R 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 %PDF-1.7 any investment. endobj << /BS << Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. /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] /Subtype /Link /ID (FbBoOIB1aUeU-9YtpzOypg) 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). 1146 0 obj <> endobj >> I am worried about a 2021 market/housing crash and being in the LMA. 0000033921 00000 n 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 Bachelor's Degree. Past performance does not guarantee future results. >> /RBGroups [] /Name /Helv 232 0 R 233 0 R 233 0 R 234 0 R 235 0 R 236 0 R 237 0 R 238 0 R 239 0 R 240 0 R /Suspects false /LineHeight 8.0 /StructParent 10 How plan loans work. /O /Layout >> /Border [0 0 0] /A6 << 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 Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. /H /I 146 0 R 147 0 R null 148 0 R 149 0 R null null 150 0 R 151 0 R 150 0 R endobj The Loan Management Account(LMAaccount) offered through Bank of America is a flexible line of credit that can be used for almost any purpose. LMA loans charge interest, and may be subject to fees and other charges, all as set forth in the LMA agreement and documents. Past performance does not guarantee future results. /Type /Annot endobj >> *see current rates here. 800.637.7455. www.ml.com. /Creator (Adobe InDesign 15.1 \(Macintosh\)) 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. endobj >> /Type /Metadata /igrave /iacute /icircumflex /idieresis /eth /ntilde /ograve /oacute /ocircumflex /otilde >> Accounts with more than a million dollars in idle cash earn 0.30%, which is still very low. /W 0 information about the scope and terms of the brokerage services that Merrill Lynch, endobj 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 Equal Opportunity Lender. /S /S endobj 4 0 obj 2 0 obj /H /I For more information about these services and their differences, speak with your Merrill financial advisor. >> /K 232 0 R Investment, insurance and annuity products: Then we can provide you with relevant answers. We put you first, every day. 0000009122 00000 n 44 years old, married two kids 10 and 6years old. /O /Layout /XObject << /K 220 0 R /Rect [56.8499 303.761 118.24 319.527] >> /Fm0 59 0 R 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. /O /Layout << /ParentTree 9 0 R 0000007676 00000 n endobj This January, the Financial Industry Regulatory Authority (FINRA), fined Merrill Lynch $7 million for improperly supervising customers' use of leverage in their brokerage accounts. /StructParent 4 /TextIndent -5.0 %{JG:I|@-b /O /Layout ACM MEDIA LLC publishes content for educational purposes only, does not offer /Kids [67 0 R 68 0 R 69 0 R 70 0 R 71 0 R] << >> /Border [0 0 0] 31 0 obj /A 295 0 R APY Rate. /K 247 0 R /ColorSpace << Margin offers a source of liquidity with competitive rates that allows for timely market investments, diversification, stock option financing or short selling. >> endobj /Subscript /Span /Superscript /Span 25 0 obj /SpaceAfter 9.0 /Direction /L2R /SpaceBefore 18.0 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. For more information about these services and their differences, speak with your Merrill financial advisor. >> 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. /K [256 0 R 257 0 R] /Strikeout /Span endobj 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. A decline in the value of your collateral assets may require you to provide additional funds or securities to avoid a collateral maintenance call. /Pa10 << Our way of showing you our appreciation with premium benefits andrewards around the different ways you work with us.. For more information about these services and their differences, speak with your Merrill financial advisor. /NumberofPages 1 /Intent [/View /Design] 6 0 obj << endobj /K 8 0 R /P 294 0 R 36 0 obj /Type /StructTreeRoot /SpaceAfter 2.0 Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. You can lose more funds than are held in the collateral account. /S /TH << /SpaceBefore 4.0 /Footnote /Note 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. For all other accounts, the terms are in your account agreement and disclosures. /W 0 /Annots [42 0 R] endobj /Border [0 0 0] Have questions for your financial advisors? 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. /Name (Layer 1) /A 177 0 R /O /Layout John of Aberdeen, OH Verified Reviewer. Do we lose the house and stocks or just stocks? call 855.332.5920. /Rect [56.8499 432.37 136.151 448.135] /S /TH startxref /Type /Border << /P 279 0 R 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. /Title <4C6F616E204D616E6167656D656E74204163636F756E74AE2041677265656D656E74> The Merrill Cash Management account, previously known as the Merrill Lynch Cash Management, offers more perks and privileges than most other cash management accounts. Equal Housing Lender. Further details are discussed below. /Type /Border Margin is not appropriate for all investors. 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. /K 218 0 R /A 281 0 R /LineHeight 10.0 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 (. 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 Merrill Edge gets high marks when it comes to account fees: There are no partial transfer, annual or inactivity fees for brokerage accounts. /LineHeight 10.0 82 0 R 83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 87 0 R 189 0 R 88 0 R 89 0 R 21 0 obj /Underline /Span >> You are invited to apply for a Home Equity Line of Credit (HELOC). /S /S /S /S /SpaceAfter 3.0 >> In each overdraft statement cycle, Finance Charges are figured by applying a daily periodic rate of .049315% (18% /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior 138 0 R 63 0 R 64 0 R 65 0 R 66 0 R null 139 0 R null 140 0 R 141 0 R /Length 1660 Merrill Lynch Affiliated Banks. Solutions tohelp you pursue a variety of savings goals. 28 0 obj /Kids [21 0 R 63 0 R 64 0 R 65 0 R 66 0 R] Margin Interest Rates. 8 0 obj /SpaceAfter 4.0 20 157 0 R 21 170 0 R] 14 0 obj /LineHeight 0.0 /Rect [53.2498 223.691 141.469 233.457] 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. 15 0 obj 1194 0 obj <>stream endobj 133 0 R] /Tabs /S 90 [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 132 0 R Additional information is available in ourClient Relationship Summary. /DropCap /Figure /K [252 0 R 253 0 R] /TT1 34 0 R Diversification does not ensure a profit or protect against loss in declining markets. /Subtype /Link /Outline /Span /Intent [/View /Design] Connect with to continue the conversation. 18 0 obj % 3 0 obj THE LOAN MANAGEMENT ACCOUNT . 90 0 R 91 0 R 92 0 R 93 0 R 94 0 R] CD purchased through Merrill are known as "brokered CDs." A Merrill brokerage account is required for a brokered CD. /quotesingle 96 /grave 128 /bullet /dagger /daggerdbl /ellipsis /emdash /endash /A 278 0 R 3 0 obj 0000014451 00000 n 1 0 obj /S /S /Nums [86 [72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R MAP4912528-01132024. /O /Layout /P 279 0 R >> Brokerage Account(" "). /K 26 0 R /O /Layout /TextIndent -15.0 /Border [0 0 0] >> The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. /Border [0 0 0] The LMA account is uncommitted and Bank of America, N.A. /O /Layout endobj /C /Pa3 >> 11 0 obj 10 0 obj /LineHeight 10.0 /Parent 12 0 R /InlineShape /Figure 0000004180 00000 n 19 0 obj /W 0 /SpaceBefore 10.0 0000015317 00000 n /S /TH High options fees as well as margin interest. in any brokerage account with Merrill Lynch. 4.50% APY. >> /O /Layout and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. << . He stated we could use options to insure our stock value but didnt go into detail on that. /S /Note U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. 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. /S /Sect /BleedBox [0.0 0.0 603.0 774.0] All applications for LMA accounts are subject to approval by Bank of America, N.A. /OFF [5 0 R] J.P. Morgan Chase offers the industry's highest rate of %PDF-1.5 /dotlessi /lslash /oe /scaron /zcaron 160 /Euro 164 /currency 166