/Rect [56.8499 432.37 136.151 448.135] 0000009122 00000 n /Border [0 0 0] /P 285 0 R 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 /Annots [11 0 R 12 0 R 13 0 R 14 0 R 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R /Name (Guides and Grids) 1 Merrill does not provide tax advice. /Oslash /Ugrave /Uacute /Ucircumflex /Udieresis /Yacute /Thorn /germandbls /agrave /aacute The LMA account requires a Merrill account and sufficient eligible collateral to support a minimum credit facility size of $100,000. /SpaceAfter 3.0 For us, success is about helping you reach your goals, not a number. By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security. 0000032155 00000 n /StartIndent 15.0 Use eligible investments in your Merrill brokerage account as collateral for multiple loan from Bank of America. /W 0 endobj PDF A Guide to Your Merrill Lynch Statement null 77 0 R null null 78 0 R 79 0 R null 80 0 R 81 0 R null 16 0 obj /Rotate 0 /Type /Metadata You should consult your legal and/or tax advisors before making any financial decisions. /Title () 0000026227 00000 n 5 0 obj << /BS << /GS2 54 0 R The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. tI:nr,F6FMON1uq%hOb~s& Le%~))G*me$y7I'$e>9GQ/Gcu q- Mdd--f6vNtG"_1@3hvZ|$l#YcW2MTTiT{:R_J7H@ci{XNIyR )y}/lM$jK[\n$m8 Kr[rW4zhD)=\}xERj A2+NvE0MW'jbYGVlkf. /Rect [182.112 147.558 197.615 138.262] /Encoding << /W 0 /A2 << This material does not take into account a clients particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. endobj Access to a wide range of investment solutions from Merrill and banking products from Bank of America. 0000021608 00000 n You are not entitled to an extension of time on a margin call. Merrill Edge Investment Tools and Calculators /Type /Border /S /TH Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. MyMoneyBlog.com is a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. 138 0 R 63 0 R 64 0 R 65 0 R 66 0 R null 139 0 R null 140 0 R 141 0 R 4.87% APY. 209 0 R 210 0 R 211 0 R 212 0 R 213 0 R 214 0 R 215 0 R] << 15 0 obj /StartIndent 9.0 /W 0 223 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 >> $((HtTDo0g7A2rD 4$ [$tOo$O/)(FlZRKS3fq]kLh\lav:IC[^ d6Zp K?QYYFyx+H!poPN% Iwlav}X+BAX\aOteR8E^2=ZsO]~&f=x, Fr98F4utb*JR$:Zbnfg( >> << /A 183 0 R << This material does not take into account a clients particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. endobj Have questions for your financial advisors? The commissions plus interest charges could equal or exceed any appreciation in your securities. /Border [0 0 0] /S /S /Subtype /Link 1. << /H /I Uncovering opportunities. /SpaceAfter 2.0 /Count 10 endobj 25 0 obj endobj /P 296 0 R 0000067397 00000 n << Borrow with floating interest rates, based upon the Merrill Base Lending Rate (plus a spread), total relationship size, and amount borrowed. /Type /Metadata /S /S 29 0 obj << /K [252 0 R 253 0 R] 4 0 obj Borrowing less than the maximum amount allowable against your securities. 185 0 R 186 0 R 187 0 R 188 0 R] /O /Layout /P 279 0 R /Contents [22 0 R 23 0 R 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R] 116 0 R 117 0 R 118 0 R 119 0 R 120 0 R 121 0 R 122 0 R 123 0 R] 23 0 obj Equal Opportunity Lender. 0000094056 00000 n /SpaceBefore 4.0 While an extension of time to meet margin requirements may be available to you under certain conditions, you do not have a right to the extension. /Lang (en) >> /Kids [21 0 R 63 0 R 64 0 R 65 0 R 66 0 R] /K [72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R << >> /Count 17 /W 0 /acircumflex /atilde /adieresis /aring /ae /ccedilla /egrave /eacute /ecircumflex /edieresis /Type /Border We will attempt to notify you of margin calls, but we are not required to do so. /Type /Pages He also mentioned taking a long against our 401k and using the sale of our house to pay down the house price (I agree with this). Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (BofA Corp.), and its agents. /Rect [56.8499 142.832 139.744 158.598] Loan Management Account Agreement. endobj >> /Subtype /Link << PDF List of Account Types - Merrill /Font << Banking products are provided by Bank of America, N.A. 10 103 0 R 11 [null 107 0 R null 108 0 R null 109 0 R null 110 0 R null null UBS Financial Services, Inc. Sued for Florida and Ohio Advisor's Dont want to sell assets or deplete cash reserves to fund your investment goals. endobj null 97 0 R null 98 0 R 99 0 R 100 0 R 101 0 R null 102 0 R null I'm Jonathan and I've been sharing my discoveries about money since 2004. /SpaceAfter 9.0 << International Securities Based Lending Account (ISBL) /Type /Font /H /I Whatever your goals, Merrill and Bank of America offer a wide range of solutions to help you get there. /LineHeight 10.0 179 0 R 180 0 R 181 0 R 182 0 R 183 0 R 184 0 R 185 0 R 186 0 R 187 0 R 188 0 R] << >> For example, Betterment's cash management account, Betterment Cash Reserve, has a 4.35% APY**, whereas the average national interest rate on savings products is 0.39% APY. << /Subtype /Type1 endobj endobj 11 0 obj Home costs are pretty high and we are looking at a home price around 1.5M. /Type /OCG /K 232 0 R LMA account - JustAnswer trailer /Border [0 0 0] Your Merrill Lynch account statement indicates where your cash balances are currently held, deposited or invested, as well as recent yield information. << /StartIndent 27.0 https://www.ml.com/solutions/lma-account.html, https://www.investopedia.com/terms/p/pledgedasset.asp. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. 21 0 R] << endobj Want access to funds with no set term, no set limits, no minimum loan amount and no application or annual fee. /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron endobj 0000015317 00000 n /StartIndent 13.0 %PDF-1.7 >> /Type /Annot /Kids [6 0 R 7 0 R] Merrill Preferred Deposit Rate. /Parent 3 0 R Get up to $600 when you open a new Merrill Edge account with at least $20,000. /ordmasculine 188 /onequarter /onehalf /threequarters 192 /Agrave /Aacute /Acircumflex /Atilde /K [256 0 R 257 0 R] /Name (rules) You can use a LMA account as a cost-effective way to meet a variety of short- and long-term personal and/or business financing needs. /LineHeight 14.0 /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] /A 286 0 R /W 0 /O /Layout /DR << /Type /OCG /Pa5 << 0000067298 00000 n >> endobj Your default cash sweep interest rate is the one for "Merrill Lynch Bank Deposit Program - Tier 1 . >> /TextIndent -9.0 Personal and investment real estate purchases, Business startup or expansion or acquisitions, Diversification for concentrated securities positions, Strategy Paper: How business owners can unlock capital. 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. /A 299 0 R /RoleMap 28 0 R /Pa12 << 6 0 obj /ID (YT4qKTQuOUCThVIS6w-5CQ) /A 182 0 R Merrill Edge Margin Interest Rates - brokerage-review.com /ColorSpace << /Resources << /C /Pa3 FINRA Sanctions Against the Firm Underline the Dangers of Leverage-Backed Lines of Credit and Margin Risk . 0000068730 00000 n /florin /fraction /guilsinglleft /guilsinglright /minus /perthousand /quotedblbase /quotedblleft /quotedblright /quoteleft 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. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. /A 297 0 R Margin Lending Program - Merrill Lynch Some restrictions may apply to purpose loans, and not all managed accounts are eligible as collateral. /ID (DDM_zq-UIkCHmgB-1EGp2w) /TextIndent -10.0 /P 26 0 R The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. /Length 0 /StructParent 8 >> >> This is not the case. /O /Layout /Type /Border /H /I >> call 855.332.5920. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. /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. /OpenAction 10 0 R /ID (Cvo190tZT06b95QBF81TWw) Banking, mortgage and home equity products offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Savings I Bonds May 2023 Inflation Rate: 0.90% Fixed, 4.30% Total Composite Rates, Bilt Mastercard: Earn Rewards For Paying Rent w/ Any Landlord (May 1st Promo + 1,000 Easy Points), Citi Rewards+ Card Review: 25,000 Bonus Points, 0% Intro APR on Purchases for 15 Months, AllAmerica and Redneck Bank: 4.80% APY Money Market, 5.05% APY Rewards Checking, 5.15% APY CDs, 5.00% APY No-Penalty CDs, 5.05% APY Savings via SaveBetter, The iShares 0-3 Month Treasury Bond ETF (, The PIMCO Enhanced Short Maturity Active Bond ETF (.