Answer some questions and we'll suggest a couple of advisors best suited to your needs. /StructTreeRoot 4 0 R He wants us to stay in the mark, sell as little stock as needed and avoid paying as much tax as we can. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits, available at bankofamerica.com/fees. /K 218 0 R 1 71 0 R 2 71 0 R 3 72 0 R 4 78 0 R /Font << /A8 << 146 0 R 147 0 R null 148 0 R 149 0 R null null 150 0 R 151 0 R 150 0 R /Type /Border >> /P 287 0 R /Properties << /W 0 (YT4qKTQuOUCThVIS6w-5CQ) 39 0 R (qcjKsBZ_m0izlbalVhEfRQ) 40 0 R (zDS1U1Dmok-LPIntoqJb9g) 41 0 R] It may also make you eligible to earn higher interest rates by putting you in a higher asset tier. 96 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R 258 0 R 259 0 R 260 0 R 261 0 R /OCGs [5 0 R 6 0 R 7 0 R 8 0 R 9 0 R] endobj /Subtype /Link startxref 1194 0 obj <>stream Hi! 6 0 obj /O /Layout Enables borrowers to calculate interest accruals at day one of the interest period Price = BSBY + client spread Independently reviewed IOSCO compliant , index approved by S&P. 2016. << >> /K 232 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. 2 0 obj >> /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron /Type /OCG >> null 97 0 R null 98 0 R 99 0 R 100 0 R 101 0 R null 102 0 R null /Metadata 2 0 R /O /Layout 0000032155 00000 n 0000032078 00000 n << /StartIndent 15.0 /Type /OCG The Margin Lending Program (margin) provides an extension of credit based on eligible securities used as collateral from your qualified Merrill accounts. Talk to your advisor about how these solutions might fit into your financial strategy. /OC 6 0 R 12 0 obj /P 296 0 R /P 26 0 R But it also requires a comparatively high annual fee and only provides the minimum amount of FDIC protection. endobj /S /Sect >> /A 183 0 R /S /TH /ID (FbBoOIB1aUeU-9YtpzOypg) This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. /LineHeight 10.0 19 0 obj There is always the potential of losing money when you invest in securities. /S /S On smaller securities purchases, a higher percentage of the transaction costs goes to commissions and interest charges, which are generally higher on smaller balances. endobj << Securities-based financing involves special risks and is not for everyone. /Metadata 3 0 R $100,000+. 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 /GS1 53 0 R /MarkInfo << /Filter /FlateDecode /SpaceAfter 4.0 /SpaceBefore 4.0 /Type /Outlines 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. /InlineShape /Figure endobj Bank of Americas suite of banking products and services. 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] << You must have a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. about 630 shares of BAC (bank of america) stock that i was granted in 2007, finally vested in 2011. /Subscript /Span 15 0 obj null 93 0 R null null 94 0 R null null 95 0 R 96 0 R null 0000004295 00000 n endobj 38 0 obj /Type /OCG Your financial advisor can help you choose the loan terms that work best for your individual situation. As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment approach to address your needs and pursue your goals. 250 0 R 251 0 R 169 0 R 170 0 R 171 0 R 172 0 R 252 0 R 253 0 R 254 0 R 255 0 R /Fields [] /A2 << Merrill Preferred Deposit ACH Capabilities and Limits. 39 0 obj /Icircumflex /Idieresis /Eth /Ntilde /Ograve /Oacute /Ocircumflex /Otilde /Odieresis /multiply 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. /SpaceAfter 4.0 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. Log in. 223 0 R 224 0 R 224 0 R 225 0 R 226 0 R 227 0 R 228 0 R 229 0 R 230 0 R 231 0 R The commissions plus interest charges could equal or exceed any appreciation in your securities. 15 0 obj Securities-based financing involves special risks and is not for everyone. 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. /acircumflex /atilde /adieresis /aring /ae /ccedilla /egrave /eacute /ecircumflex /edieresis endobj Margin Loans: Trading on Margin With Your Merrill Account /Pa10 << Best Interest Disclosure Statement Please retain for your records Merrill Lynch, Pierce, Fenner & Smith Incorporated. He is working on a plan but I wanted to get your guys thoughts on what he was suggesting. /Pa5 << may demand full repayment at any time. EmHHziS60ivUKf?x8YQ$.VGEEP?`):MD,s.Ayr*N>,4cjim h"O! !XK#FDg0a]pV}*G yYi!#\E*6>UMA A$Mieog[XIXih][9(45-Tn=FpLtqPD#l{TZ^b"0`KMlfXW|L(V3]'+1Q O&\T}nn7\6U9|G1/JD 5zw YP8[D|# pU'4&4mwff(M1Y5$C p>~~:tG5;:GK>L0D7S'S>Fj}difkPb?+%[Sd#mg4f6Ijg0&>I`s _]nj}Ir!n/Xrtcq2ADa~uIr@-VU9I%pE$+ Y]CTKD;r0d| << Banking products are provided by Bank of America, N.A. in any brokerage account with Merrill Lynch. /Type /Annot << /DA (/Helv 0 Tf 0 g ) Merrill Pricing: Trading Commissions & Brokerage Fees Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. 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 Solutions for what matters most. Some restrictions may apply to purpose loans, and not all managed accounts are eligible as collateral. Our way of showing you our appreciation with premium benefits andrewards around the different ways you work with us.. When considering a margin loan, you should take into account your individual requirements, portfolio composition and risk tolerance, as well as capital gains taxes, portfolio performance expectations and investment time horizon. /EmbeddedFiles 18 0 R 9 0 obj /MarkInfo << He stated we could use options to insure our stock value but didnt go into detail on that. /Border [0 0 0] << /Type /Annot /H /I /Rect [56.8499 432.37 136.151 448.135] << >> endobj /Type /OCG /S /Document My questions. Do we lose the house and stocks or just stocks? /CropBox [0.0 0.0 612.0 792.0] /StartIndent 9.0 /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior 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 /Type /Annot /H /I 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 Right now it links to this PDF. /StructParent 88 /O /Layout /odieresis /divide /oslash /ugrave /uacute /ucircumflex /udieresis /yacute /thorn /ydieresis] Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Margin Account Application. /Tabs /S << 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. /Border [0 0 0] 270 0 R 271 0 R 272 0 R 273 0 R 274 0 R 275 0 R 276 0 R 277 0 R 183 0 R 184 0 R /Encoding << Merrill Lynch Direct Deposit Program 0.01% Merrill Lynch Direct Deposit Program --- Tier 64 1.06% Merrill Lynch Business Deposit Program --- Tier 3 ($1M to <$10M) 0.30% Merrill Lynch Business Deposit Program --- Tier 4 (>=$10M) 1.06% Preferred Deposit for Business2, 3 4.50% 1$1,000 minimum opening deposit. All securities are subject to credit approval and Bank of America, N.A. /W 0 /Encoding 15 0 R stream /T1_0 55 0 R 88 189 0 R 89 [106 0 R 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R 112 0 R 113 0 R 114 0 R 115 0 R /Font << /Bibliography /BibEntry /Subtype /Link /P 282 0 R /ZaDb 17 0 R You will have to call them to get margin rates information. THE LOAN MANAGEMENT ACCOUNT . /C /Pa3 /XObject << HWYoF~B(."!uV#KYR',rwfl[Mwpr2:| >?1tF < . 90 0 R 91 0 R 92 0 R 93 0 R 94 0 R] endobj Some investors mistakenly believe that they must be contacted for a margin call to be valid, and that securities or other assets in their accounts cannot be liquidated to meet the call unless they are contacted first. 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. /S /GoTo /BS << /Last 22 0 R 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. endobj /Type /StructTreeRoot /Helv 16 0 R /Count 10 << >> Diversification does not ensure a profit or protect against loss in declining markets. /BS << 35 0 obj /A 176 0 R For us, success is about helping you reach your goals, not a number. 23 0 obj Rather than getting a 30year mortgage he was talking about a [Loan Management Account (LMA)] (https://www.ml.com/solutions/lma-account.html). endobj /StartIndent 27.0 13 0 obj 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). /Pa0 << Is this LMA thing crazy or a good idea? /GS0 52 0 R This Fact Sheet sets forth certain of the investment considerations relating to the purchase of a CD. /StructParent 5 Lines of Credit: Flexible Loans and Borrowing Solutions - Merrill Lynch /Name (ECS Slug) All rights are reserved. The Loan Management Account(LMAaccount) offered through Bank of America is a flexible line of credit that can be used for almost any purpose. /Subtype /XML >> Merrill Lynch LMA to buy a house? Im I in over my head or is - Reddit /A 283 0 R $100,000 - $249,999. /Border [0 0 0] << /Rect [53.2498 207.926 141.2 223.691] /A10 << 99.6% correlation with 1M LIBOR . /SpaceAfter 3.0 Talk to your Merrill advisor to see if Margin can help you tap into the value of your investments and support your larger financial strategy. /CropBox [0.0 0.0 612.0 792.0] opinions. /ExtGState << >> /LastModified (D:20210921111132+02'00') /Artifact /P >> >> 132 0 R 133 0 R 134 0 R 135 0 R 136 0 R 137 0 R 138 0 R 139 0 R 140 0 R 141 0 R 43 0 obj You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. International Securities Based Lending Account (ISBL) /A 281 0 R /Type /Border endobj /BS << /S /TH << Clients should consult their own independent tax and legal advisors. >> stream We offer customized lending and credit strategies tailored to your needs, whether you're looking for greater liquidity, funding for an investment opportunity or a lifestyle purchase, support for your estate planning objectives or help meeting other goals. /Parent 23 0 R Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /A 278 0 R 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. Banking products are provided by Bank of America, N.A. The L/A Group, Financial Advisors in Charlotte, NC 28210 - Merrill /W 0 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 expectations and investment time horizon. >> Bank of America Loan Management Account(LMA account), Bank of America Home Equity Line of Credit. 28 0 obj Use eligible investments in your Merrill brokerage account as collateral for multiple loan from Bank of America. /MC0 6 0 R >> Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. All applications for LMA accounts are subject to approval by Bank of America, N.A. 91 [133 0 R 134 0 R 135 0 R 136 0 R 137 0 R 138 0 R 139 0 R 140 0 R 141 0 R] 15 124 0 R 16 130 0 R 17 134 0 R 18 144 0 R 19 151 0 R Online options spreads are limited to two legs. You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. << /TextIndent -9.0 << Want access to funds with no set term, no set limits, no minimum loan amount and no application or annual fee. /XObject << /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] /AcroForm 2 0 R Your default cash sweep interest rate is the one for "Merrill Lynch Bank Deposit Program - Tier 1 . $250,000+. 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. An extension of credit based on eligible securities youpledge as collateral from qualified Merrill brokerage accounts. If the equity in your account falls below the maintenance margin requirements or Merrills higher house requirements, we can sell the securities or other assets in any of your accounts held by us to cover the margin deficiency. /W 0 /LineHeight 10.0 Get up to $700 when you fund a J.P. Morgan Self-Directed Investing account. Bank of America Private Bank is a division of Bank of America, N.A. No set repayment schedule if you maintain the required level of equity in your account. >> /ViewerPreferences << >> /D << information about the scope and terms of the brokerage services that Merrill Lynch, 156 0 R null 158 0 R 159 0 R 160 0 R null 161 0 R null 162 0 R 163 0 R Whether youre defining goals, addressing change or figuring out how to move forward, Merrill and Bank of America offer a wide range of solutions to help you take the next step and stay on track. /SpaceAfter 4.0 /TextIndent -15.0 /Type /Page << By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. Have questions for your financial advisors? Answer some questions and we'll suggest a couple of advisors best suited to your needs. /StructParent 4 >> Because the securities or other assets are collateral for the margin loan, we have the right to decide which securities or other assets to sell in order to protect our interests. << /Pa22 << /Subtype /Link >> The account minimum is zero (0$) The negative of Merrill Lynch account. endobj Loan Management Account Agreement 11/01/2021. /P 279 0 R /Outline /Span It is important to understand the differences, particularly when determining which service or services to select. /Name (Guides and Grids) >> << /Subtype /Link Equal Opportunity Lender. /TT1 34 0 R If the securities in your margin account decline in value, so does the value of the collateral supporting your loan, and, as a result, we can take action, such as to issue a margin call and/or sell securities in any of your accounts held with us, in order to maintain the required equity in your account. Take control of your spendingand saving with. endobj Merrill Preferred Deposit Review: 4.50% APY (Nationwide) /O /Layout /BS << >> When you purchase securities, you may pay for the securities in full, or if your account has been established as a margin account with the Margin Lending Program, you may borrow part of the purchase price from Merrill, thereby leveraging your investment.
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