Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), and consists of the Merrill Edge Advisory Center™ (investment guidance) and self-directed online investing. Fees are subject to change. If you haven’t found time to create an estate plan or haven’t revisited the one you created a few years ago, schedule a meeting with your Merrill advisor today to learn about the resources available through Bank of America to help you feel confident that you are providing a strong and vital legacy for the people you love. Z )� `c`Li �R@, `�a�c~��`u`-�����sf�8���)ž%�pѥ�� �13��;�]����:d�iƴ�>�M�*>ƞ�Q�5@�������/��@�����L!�Ϳ��U �,M Both are wholly-owned subsidiaries of Bank of America Corporation. Let us help you make your vision for the future a reality. Due to COVID-19 and its impact on the current environment, the United States Postal Service is unable to deliver mail to certain foreign countries1. This is all about you, from what you hope to achieve to what keeps you up at night. Plus, a trust can help you avoid a costly probate process. Settling an estate is complex and often requires technical knowledge and a substantial commitment of time that few individuals have. 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. Foundation Source is the nation’s largest provider of comprehensive support services for private foundations. 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.”). Additional information is available in our Client Relationship Summary. The fee amount is determined by the Depository Trust & Clearing Corporation.) Banking products are provided by Bank of America, N.A. and a wholly owned subsidiary of BofA Corp. Trust and Fiduciary Services from an Industry Leader, Are Not Insured by Any Federal Government Agency, Are Not a Condition to Any Banking Service or Activity. Additional Resources on Specific Types of Trusts. What role could a trust play in my wealth management strategy? MLPF&S is a registered broker-dealer, Member SIPC, and a wholly owned subsidiary of BofA Corp. Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC, and wholly owned subsidiaries of BofA Corp. © 2020 Bank of America Corporation. 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. Download or Email our Personal Trust Planning Checklist and Standard Trust … I encourage you to contact an advisor to learn more about Bank of America Trust Services. SEC Share Class Selection Disclosure Initiative. 1 As of July 27, 2020, the United States Postal Service is unable to deliver mail to the following twenty-three (23) countries: Bermuda, Bolivia, Botswana, Brunei, Cayman Islands, Costa Rica, Cuba, Dominican Republic, Ecuador, Fiji, French Polynesia, Guatemala, Haiti, Honduras, Iraq, Libya, Mauritius, Nepal, Panama, Papua New Guinea, South Africa, Venezuela and Yemen. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and 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. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. 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. At Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. 471 0 obj <>/Filter/FlateDecode/ID[<39160F2806604D0186EAECE4F47D5A61><5E80A13D391ABA4590AA97249C696CB2>]/Index[443 68]/Info 442 0 R/Length 122/Prev 112290/Root 444 0 R/Size 511/Type/XRef/W[1 2 1]>>stream %%EOF As a subsidiary of Bank of America, one of the largest commercial banks in the world, Merrill Lynch has vast resources that its investment advisors can use to maximize client returns. Managing trust assets and complying with specific trust document provisions and state laws can be challenging if you have a busy travel schedule, find it difficult to carve out time to devote to the trust or if you feel pressured to meet the expectations of the trust’s beneficiaries. Bank of America and its affiliates do not provide legal, tax or accounting advice. Annual Fee $500. At Bank of America, we have the objectivity and resources to handle trusts and estates, from the simplest to the most complex.  In fact, we’ve been doing it for many generations. 3 The Merrill Lynch Fiduciary Advisory Services Client Agreement and the related fee schedule and the Merrill Lynch Fiduciary Advisory Services program Brochure and other disclosure documents include information about the program, including Merrill Lynch’s fiduciary responsibilities pursuant to … To speak with someone about how to name Charles Schwab Trust Company as current or successor trustee to invest and administer your trust, we invite you to contact your Schwab Financial Consultant, visit your local branch, or contact Schwab Personal Trust Services at 877-862-4304 or SPTS@schwab.com. endstream endobj 444 0 obj <>/Metadata 16 0 R/Names 473 0 R/Outlines 25 0 R/Pages 440 0 R/StructTreeRoot 35 0 R/Type/Catalog/ViewerPreferences<>>> endobj 445 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/Rotate 0/StructParents 26/Tabs/S/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 446 0 obj <>stream Your Merrill advisor and Bank of America can help you evaluate your charitable giving alternatives, select appropriate assets and integrate your charitable giving strategy into your overall wealth management and transfer plans. Clients should consult with their legal and/or tax advisors before making any financial decisions. 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.”). Connect with an advisor and start a conversation about your goals. 443 0 obj <> endobj I encourage you to think about it this way: you care for your family, business, and philanthropic organizations today. As a result, Merrill will be delaying mailings to impacted clients. 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. Learn more about our unparalleled knowledge and expertise. Retirement account manual investment fees: $150 (Assessed on transactions that exceed normal brokerage activity or require manual handling.) Some of these fees may be waived under certain conditions. Depending on your needs, Bank of America can assume sole responsibility for managing and administering your trust as trustee, serve alongside one or more individuals you select as co-trustees or take on selected fiduciary responsibilities by serving as agent for the trustee you select. Bank of America can also serve as successor trustee, assuming fiduciary responsibilities when the trustee you have selected no longer wishes to serve or is unable to do so. Merrill Lynch Wealth Management is a national investment advisory firm with offices in most major and mid-sized U.S. cities. Raymond James, for example, charges 1.0% to 2.25%, plus commissions and an annual account fee of $50. If you have accumulated significant assets in an IRA, 401(k) or other qualified plan, a Trusteed IRA can help you preserve the potential tax advantages of these unique assets for as long as possible while providing maximum control over how the assets are distributed. Bank of America is one of a limited number of providers who offer Trusteed IRAs — your Merrill advisor can explain this powerful option to see if it can help you address your goals. Transfer of a foreign security: $50; Closing fee related to the external transfer of an account from Raymond James: $125 Bank of America Coronavirus Resource Center. If you own significant nonfinancial assets, such as a private business, real estate interests, oil and gas, timberland or ranch and farm land, they are likely an important component of your wealth. The fee paid to the Adviser, "Merrill Lynch Asset Management, Inc." ("MLAM" hereafter) is contingent on the average daily value of the net assets of the Fund during the period; the annual compensation amounted to 0.288% or slightly above ¼ of one percent of those net assets. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. 510 0 obj <>stream Trusts are a very flexible planning tool that can be structured to address a wide range of goals. LIFE INSURANCE TRUSTS. In addition, effective February 1, 2017, changes will be made to the Program’s Fee Schedule. You have priorities and we have the insights you need to keep them front and center. BIA, WCMA, WCMA SUB 1 free per month/ $5 per statement thereafter Transactional. Your Merrill advisor can explain the range of services Bank of America provides to simplify the estate settlement process. Bank trust departments are among the oldest and most established areas of traditional banking. We have eliminated the minimum monthly Merrill Lynch Fee of $125 as of December 1, 2016, for accounts enrolled in the Merrill Lynch Investment Advisory Program (Program). You should consult your legal and/or tax advisors before making any financial decisions. h�b```e``6 �������ea�X�pf�=�8��E���j100ftt400 Estate and Wealth Transfer Planning | Trust and Fiduciary Services from an Industry Leader. Merrill Lynch was the underwriter for the company's initial public offering in 1989. For example, charitable trusts enable you to address charitable as well as personal goals with a single trust, while donor-advised funds and private foundations can be important charitable alternatives if you want to leave a legacy or use philanthropic activities to engage and/or educate family members. Get to know some of our other financial advisors. If you have been named executor of an estate or are considering the choice of executor for your estate plan, it is important to understand the process and responsibilities. For questions about creating or managing your Charitable Gift Fund account, contact your Bank of America Merrill Lynch Advisor, your U.S. Trust Advisor or the Charitable Gift Fund at 1.888.703.2345, 8:30 a.m. to 5:30 p.m., Monday through Friday. Online advisory firm Personal Capital examined anonymous data from 155,924 of its users to investigate the true client costs from both advisory and fund-related fees across 11 brok… It’s designed to control how your wealth is distributed so you can provide for the people and causes you care about most. Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. Payment Extension. In 1990, the cable and local area networking equipment manufacturer … Whether your goal is to leave a legacy for the people and causes you care about, carry out the responsibilities you have assumed as a trustee or executor, or ease the burden on others in the event of incapacity, Merrill and Bank of America are here to help in many ways. MLGWM consists of multiple entities/divisions, including Merrill Lynch Wealth Management (North America and international), Merrill Lynch Trust Company and Private Banking & Investments Group. Please speak with a Merrill Investment Specialist at 888.637.3343 if you have any questions regarding your account or service fees. Is it better to leave IRA and 401(k) assets to my spouse and children or assets in my investment account. Click here for additional details. † Obtain real-time quotes, market news, and research † … Bank of America purchased U.S. Trust from Charles Schwab in … SCHEDULE OF ACCOUNT FEES Annual Base Charge Trustee or Co-trustee $1,200 Managing Agent $600 IRA $300 PLUS Fair Market Value of Assets under Management First $500,000 @ 1.50% Next $500,000 @ 1.15% Next $2,000,000 @ 0.75% Next $2,000,000 @ 0.50% Merrill Edge: IRA Annual Fee $0.00 $0.00 IRA Closure Fee $0.00 $49.95 Returned ACH Fee $0.00 $30.00 Returned Wire Fee $0.00 N/A Stock Certificate Processing Fee $0.00 $500.00 Stock Certificate Delivery Fee By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. For us, success is about helping you reach your goals, not a number. For some people, trusts can help to address family dynamics, especially in the case of divorce, blended families, or other complex family situations. Walmart’s contributions to your Company Match Account 7 Investing your accounts 8 More about owning Walmart stock 9 Account balances and statements 10 Receiving a payout while working for Walmart 10 If you die: your designated beneficiary 12 If you get divorced 13 If you leave Walmart 13 If you leave and are rehired by Walmart 14 b1�X� Bd��#��C � !xH�w ��@B$�w$R�T $�*���'����d100I�?c�m� h�� Creating a trust can help ensure everything that you value will continue to be cared for in the future. Your Merrill advisor would welcome the opportunity to discuss your goals for your wealth, whether a trust might be useful and the ways in which Bank of America may be able to help. The listed fees below do not include commissions, markups, commission equivalents or advisory fees. %PDF-1.6 %���� Northern Trust doesn’t publish its fee scale, but president Dan Lindley was kind enough to give The Trust Advisor a peek. There is a $49.95 IRA transfer or closeout fee. A clearing fee of $75.00 will be added to the underlying base commission (Canadian issues excluded) for buy or sell transactions. Minimum Fee $1,000. Hi, I’m Mike Pelzar, Head of National Trust Services at Bank of America. A trust might offer protection from creditors, or anyone who might be looking to take advantage of your family—now or as they get older.Â, You may also find a trust helpful if you are likely to be called upon to help a parent or other relative manage their own financial affairs.Â, Finally, there are the traditional uses of trusts, including tax optimization and minimizing the administrative burden of managing your estate.Â. 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