Products
It can be bought and sold or "traded" through a brokerage account, and you make gains or take losses based on the change in price of those shares when you sell them.
What are Stocks?
Outbound wire fee for Self-directed account
What is $24.95?
The annual contribution limit for a Traditional IRA or Roth IRA.
What is up to $7,000 per year, $8,000 if you are 50 or older?
The type of account that allows you to invest on behalf of a minor. Funds can be used for any expense the minor incurs, not just education.
What is an UGMA/UTMA Custodial Accounts?
The level of Preferred Rewards that requires an active Bank of America personal checking account and have a 3-month combined average balance of $50,000-$99,999.
BONUS The discount you would receive at this level for MGI/MGIA.
What is Preferred Rewards Platinum level?
BONUS What is 0.10%?
Issued by banks and savings associations, is insured by the FDIC and can fluctuate before maturity but will return their full face value, plus interest if held until it matures.
What are Brokered CDs?
Closeout fee when transferring to an external checking account
What is $49.95?
Type of IRA that has after-tax dollar contributions, allows you to pay taxes on the contributions later, and requires an RMD at the age of 73.
What is a Traditional IRA?
NextGen 529 plans are through this state.
What is Maine? However, residents of any state are eligible to establish a NextGen 529 plan.
The type of account would you open for Limited Liability Corporations (LLC), Corporations, Limited Partnerships and Sole Proprietorships.
BONUS The process to open this account?
What is a Business Investor Account (BIA)?
BONUS What is with a paper application?
An investment product representing a basket of securities that track a financial index - like the S&P 500. It trades like stocks on an exchange.
What is an exchange traded fund, or ETF?
Broker-assisted stock trade fee
What is $29.95?
Type of IRA has after-tax dollar contributions and may potentially be withdrawn tax-free and does not require and RMD.
What is a Roth IRA?
The BOSS screen would you check for a delayed deposit.
What is DLX?
The section in CEW where clients contributions for the current year can be found.
BONUS The place online where clients can see all contributions made for the lifetime of the account.
What is Financial 360 > Retirement Distributions?
BONUS What is historical account performance?
A professionally-managed investment that pools money from many investors and invests it in stocks, bonds, money market instruments, and other securities.
What are Mutual Funds?
The fee to purchase new issued Brokered CDs.
What is $0?
Type of brokerage retirement account is designed for self-employed business owners and their employees?
What is SEP IRA?
The only options to receive removal of excess contribution(s) from an IRA.
What is Distribute to a Merrill non-retirement account or mail a check to an address on file or an alternate address?
The grey screen to verify Power of Attorney on an account.
BONUS The section in CEW where you can see a Power of Attorney on an account.
What is KDI > PO in the Action Field?
BONUS What is the Relationship Banner (top right)?
It offers investors a safer and highly liquid investment. It invests in short-term, higher quality securities with minimal credit risk.
What is a Money Market Mutual Fund?
General annual program fee for MGI (not including any discounts)
What is 0.45% calculated and assessed monthly based on your prior month's balance?
What is it called when a client made a contribution to one type of IRA and they want to change it to the other type. Such as Traditional IRA contribution as a Roth IRA contribution, or recharacterize a Roth IRA contribution as a Traditional IRA contribution.
What is an IRA Recharacterization?
The process to notify us of an account owner passing away.
What is you would need to speak with our Life Services team on the next steps for this?
The form a client would complete to establish a link between a Merrill investment account and a designated bank account if not able to link online? Not for Retirement, 529 IIA or SafeBalance Banking accounts.
BONUS The account type that requires a wet signature.
What is Merrill Funds Transfer Service (FTS) form?
BONUS What is a Business Investor Account (BIA)?