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General Account Information
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Minimum Deposit for CMA® Accounts
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$2,000.00 (Cash or Securities) |
Account Maintenance Fee
(Effective July 1, 2005)
Click here to see notice
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$25/Quarter waived if client meets at least one criteria
- Client household with accounts that in aggregate have greater than $25,000 in assets at Merrill Lynch
- Client household with accounts that in aggregate have greater than $15,000 in mutual fund assets at Merrill Lynch
- Client household has made at least 2 equity, debt, or option trades in Merrill Lynch Direct accounts in previous six months
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Merrill Lynch CMA and Beyond Banking AccessSM Visa® Card Fee (Debit Card)
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None |
Merrill Lynch Visa® Signature Card Fee (Optional)
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$95.00/Year |
Account Transfer Fee
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$95.00 |
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Retirement Accounts
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Minimum deposit to open
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$250.00 |
Annual Custodial Fee
(Effective July 1, 2005)
Click here to see notice
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$50/Year waived if
- Client household with accounts that in aggregate have greater than $20,000 in assets at Merrill Lynch
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Account Transfer Fee
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$75.00 |
Overnight Mail (for Mandatory Distributions Only)
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None |
Closeout Fee
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$75.00 |
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Equities
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| Online Trades |
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Market Orders (up to 1000 shares)
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$14 |
Additional per share above ceiling (> 1000 shares)
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$0.03 |
Limit and/or Stop Orders
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No Additional Charge |
Good Until Cancelled Orders
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Subject to more than 1 commission charge if order is not fully executed on the same business day |
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Representative-Assisted Trades
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| Transaction Size |
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0 - 100
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$50 |
101- 250
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$50 + 0.25/per share |
251- 500
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$85 + 0.125/per share |
501 - 1000
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$120 + 0.060/per share |
1001+
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$150 + 0.030/per share |
Limit and/or Stop Orders
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No Additional Charge
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Good Until Cancelled Orders
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Subject to more than 1 commission charge if order is not fully executed on the same business day
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Mutual Funds
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| Online and Representative Assisted Trades |
No Load/No Transaction Fee Funds
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No Merrill Lynch sales charges. |
Merrill Lynch Short-Term Redemption fee if held less than 180 days*
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.75% of gross proceeds
$50 Minimum
$250 Maximum
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| Load Funds |
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See Prospectus for fund's Sales Charges.
No Merrill Lynch transaction fees.
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| Intra-family exchange |
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No Merrill Lynch charge.
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Fixed Income
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US Treasury: Bills, Notes, Bonds
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Price and Yield as quoted |
Agency: Discount, Notes, Bonds
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Price and Yield as quoted |
Zero Coupon Bonds: Corporate, Government, Agency
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Price and Yield as quoted |
Municipal Bonds
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Price and Yield as quoted |
Corporate Bonds
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Price and Yield as quoted |
Certificates of Deposit
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Price and Yield as quoted
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Options |
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Online Trades For Options with premiums of $0.50 or less:
| Contracts | Dollar Amount per Contract | % of Principal |
| 0 - 49 | $1.50 | +1.2% of principal |
| 50 - 149 | $0.90 | +1.4% of principal |
| 150 - 499 | $0.60 | +1.6% of principal |
| 500 – 1,499 | $0.50 | +1.6% of principal |
| 1500+ | $0.50 | +1.2% of principal |
* Minimum Charge - $35
Online Trades For Options with premiums greater than $0.50:
| Principal Amount | Flat Dollar Amount | % of Principal |
| $0 - $2,499 | $23 | +1.3% of principal |
| $2,500 - $9,999 | $39 | +0.65% of principal |
| $10,000+ | $79 | +0.25% of principal |
* Minimum Charge - $35
* Maximum Charge - $64 for 1st two contracts, plus $3.20 per contract thereafter.
Good Until Cancelled Orders - Subject to more than 1 commission charge if order is not fully executed on the same business day.
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| Representative Assisted Trades |
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Representative-Assisted Options trades are charged an
additional 25 percentage points of commission over the online fees
and commissions listed above.
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Representative-Assisted Trade Minimum Charges |
Options with Premiums of $0.50 or less |
Minimum charge of $39/trade |
Options with Premiums Greater than $0.50 |
Minimum charge of $37.25 + $1.75 per contract |
Representative-Assisted Trade Maximum Charges |
Options with Premiums of $0.50 or less |
No maximum charge |
Options with Premiums Greater than $0.50 |
Maximum charge of $40 per contract for 1st two; $4.00 per contract thereafter.
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Margin Rates
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Effective September 21, 2009 the new ML Base Lending Rate is 5.250% -- a decrease of 0.250%. Subsequently, margin interest rates now range from 4.500% - 8.625%.
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Loan Amount
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BLR Spread
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Less than $25,000
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3.375
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$25,000 - $99,999
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2.250 |
$100,000 - $499,999
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0.875 |
$500,000 - $999,999
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0.625 |
$1,000,000 - $4,999,999
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0.000 |
$5,000,000 - $9,999,999
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-0.500 |
$10,000,000 +
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-0.750
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Additional/Miscellaneous Fees
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Checking
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Free |
Additional Check Printing
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Free |
Canceled Check Fee
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$3.00 |
Statement Copy Request
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$3.00 |
Trade Confirmation Copy Request
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$3.00 |
Return Check Fee
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$30.00 |
Stop Payment Fee
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$25.00 |
ATM transaction fee***
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$1 per transaction |
Bill Payment
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$7.50 per month/per account |
Return Deposits
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$20.00 |
Cash Advance Fee (Non ATM)
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0.3% of principal ($5.00 minimum) |
Visa International Transaction Fee
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2% of the U.S. dollar amount of all
transactions occurring outside of the U.S. that are submitted to Visa in
a currency other than U.S. dollars |
Wire Transfer Fee (Fed Funds - Domestic)
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$30.00 |
Wire Transfer Fee (Fed Funds - International)
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$40.00 |
Legal Transfer Fee
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$50.00 |
Register & Ship (Delivery of Non-Gov't Security)
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$50.00 |
Overnight Mail Request
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$25.00 |
Municipal Bond Coupon Processing
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$5.00 |
Government Security Transfer Fee
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$125.00 |
FTS return
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$10.00 |
Past due exchanges
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$50.00 |
Past due redemptions
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$50.00 |
Optional Exchange Fee
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$30.00 |
Mandatory Exchange Fee
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$50.00
Statement Requests
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$5.00 per statement
Fractional Share Fee Liquidation
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10% of proceeds from sale
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* Fund shares may be redeemed directly with the Fund without payment of
the Merrill Lynch Short-Term Redemption fee.
** This rate fluctuates with current market conditions.
*** Visa® Signature cardholders - First 52
transactions free; $1 per transaction thereafter. Some ATM
owners/operators may charge a fee for use of their machines.
Note: The above fees and charges are subject to change in
accordance with the Merrill Lynch Direct Terms of Service.
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Any information presented about tax considerations affecting client financial transactions or arrangements is not intended as tax advice and should not be relied upon for the purpose of avoiding any tax penalties. Neither Merrill Lynch nor its Financial Advisors provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors.
System availability and response time are subject to market conditions and possible unscheduled outages.
Merrill Lynch Wealth Management is the marketing name for the services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated and other subsidiaries of Bank of America Corporation. Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer and a wholly owned subsidiary of Bank of America Corporation.
Trust and fiduciary services are provided by Merrill Lynch Trust Company, a division of Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency.
Bank of America, N.A., U.S. Trust Company of Delaware, Merrill Lynch Life Agency Inc. and MLPF&S, a registered broker-dealer and Member SIPC, are wholly owned subsidiaries of Bank of America Corporation.
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Investment and insurance products: |
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Are Not FDIC Insured
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Are Not Bank Guaranteed
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May Lose Value
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Are Not Deposits
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Are Not Insured by Any Federal Government Agency
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Are Not a Condition to Any Banking Service or Activity
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MLPF&S and Merrill Lynch Trust Company make available investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation or in which Bank of America Corporation has a substantial economic interest, including Columbia Management, BlackRock and Nuveen Investments.
© Copyright 2010 Merrill Lynch, Pierce, Fenner & Smith Incorporated. All rights reserved. Member, Securities Investor Protection Corporation (SIPC).