belong as comments to existing posts. And 5.25% back on gas, 3.50% groceries & 1.75% cash back everything else on their cash credit card. I put in $1000 and the financial advisor who helped me open the account put it all in Blackrock Global holdings, I believe. Cant beat free. I handpicked the most popular posts, tickers, and DD from the last week. Fidelity’s online Treasury bond quote board is first-class. The lone exception is with options, where E*TRADE has a slight edge. The company essentially introduced low-cost stock trading back in the 1970s, which the … Positives and Negatives. Join our community, read the PF Wiki, and get on top of your finances! When I liquidated securities (both because I wanted to and because Fidelity made it impossible to transfer them) to transfer cash from my Fidelity 401K to my Merrill Edge Roth IRA, Fidelity was a major pain and tacked on fees and delays and excessive paperwork. Here’s a reply from Merrill Edge customer service. "now is the time to buy", "here's my thoughts", etc. use the following search parameters to narrow your results: 1. I've just opened ML account, since I've had BofA for a while. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. Hi r/personalfinance! Can anyone share their experiences with either Fidelity's or Merrill Lynch's services? Their online tools are helpful and simple to understand. We generally expect that your topic incites responses relating to investing. I am a bot, and this action was performed automatically. If anyone is writing an article based on a Bank/investment group news release/white paper post the actual paper and not journalism surrounding it. Merrill's self directed account is great. Their web interface is also a lot nicer. I currently am putting money into my company's Merrill Lynch 401k, but I'm looking for advice heading into 2018. Large institutions, like endowments or pension funds, should go with Merrill Lynch . They have a lot of no-commission ETFs which is also nice. I read here that Vanguard and Fidelity have low fees. Reddit, r/investing and its moderators assume no responsibility for the accuracy, completeness or objectivity of the information presented on r/investing. Merrill Edge vs Merrill Lynch: Recommendation Merrill Edge obviously would be a better choice for investors who don’t need much guidance. If you have a Bank of America checking account, or willing to get one, and enroll into preferrd rewards. I opened the IRA because my coworkers/parents told me I should start saving ASAP but no one really gave me any further guidance. Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. While my Fidelity account had an amazing year, I'm looking to move my 100 shares of FOCKX into self brokerage. [–]genesis555 2 points3 points4 points 3 years ago (1 child), I've had Fidelity for 8 years, and it's really good. Overall Fidelity provides pretty good services. Plus, Merrill clients have access to customer support at about 4,300 Bank of America locations. 7. )Any of you have any experiences with Merrill Edge and/or eTrade and can comment on your experience or which of the two is better? Options at E*Trade, TD Ameritrade, Schwab and Fidelity an $0.65 and at Ally $0.50 per contract. M1 Finance will be easier to navigate than Merrill Edge for novice investors,. With this information you … Mostly because of their platinum honors rewards - if you have combined 100k in bofa and ML accounts, you get nice cash back on bofa credit card (5.25% on gas, 3.5% groceries, etc), 100 free trades/mo, https://www.bankofamerica.com/sparta/preferred-rewards/details/, [–]genesis555 1 point2 points3 points 3 years ago (0 children), Also, does someone know how easy it is to have 2 brokerages for tax purposes? Fidelity Go, the robo-advisor from online broker Fidelity Investments, brings a different pricing model to the market. Moved all but one of my ML accounts over. Use the search function or check out. Posts that are strictly self-interested or intended to "build awareness" are not acceptable. Please contact the moderators of this subreddit if you have any questions or concerns. Do you need to keep track of wash sales yourself? I didn’t find things terrible at ML, but that firm always seemed a little full of themselves to me. If you don’t need account types like Solo 401(k), SIMPLE IRA, and 529, and if you want access to fractional shares, cheap margin, free automatic rebalancing, M1 Finance is the better choice, especially for novice investors. Edge: Fidelity. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Merrill Edge vs Fidelity. Fidelity is also the preferred platform to use if you're a fund investor. We are not a politics or general "corporate" news forum. There’s not much to debate here: Fidelity wins handily, by charging a close-to-rock-bottom $4.95 compared with TD Ameritrade’s $6.95. I don’t know whether this applies equally to equity/ETF and open-end mutual funds. If you transfer the money into your Merrill Edge account today, and specify that it is for the 2014 tax year, you can do whatever you want to do later at your convenience. Fidelity has better trading and research tools. 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