MERRILL EDGE LOGIN PLUS

This account blends robo-advising and certified financial planner services.

Investors with $25,000 can open an Intelligent Portfolio Premium account for $300 plus a $30 monthly advisory fee. Schwab’s robo-advisor accounts have a $5,000 minimum with no fees. Investors transferring assets out of their accounts will pay $15 to $25. In addition, investors with less cash can purchase partial shares of stock indexes for $5 apiece. Here is a breakdown of the major fees for both investment platforms so that you can compare the aspect of the tool you want to use the most. Merrill Lynch and Schwab are no exception. One of the ways major brokerage platforms compete is by lowering fees. It currently manages about $2.75 trillion in assets. Each service has incrementally higher fees and investment minimums and more sophisticated investing tools. It offers three investment services: Merrill Edge® Self-Directed, Merrill Guided Investing and Merrill Lynch Wealth Management. Merrill Lynch is an investing service operating under Bank of America’s ownership. Schwab currently manages about $8 trillion in customer assets. By 2023, it will fully assimilate TD Ameritrade’s functions into its platform. Schwab recently acquired TD Ameritrade, enhancing its services for clients wanting to trade international currencies. In addition, investors can use a hi-tech robo-advisor tool to automate their investments. Plus, Schwab clients can invest in actively and passively managed funds. It has no trade or account minimums for its investment funds. Schwab, also known as Charles Schwab, unites a range of financial services under one roof. Each has different features and advantages, so your financial circumstances will determine which one’s services are best for you. Merrill Lynch and Charles Schwab are giant financial companies offering clients investment services. If you’re hoping for help in automating your investments, you may want to work with a financial advisor instead.

Fortunately, this guide breaks down two major investment companies: Merrill Lynch and Charles Schwab.

Plus, with so many companies offering investment services, it can be tough to know if you’re making a wise decision. Researching fee structures, account types and product features take time and can be perplexing. Opening an investment account can be a daunting task.

MERRILL EDGE LOGIN PLUS

Merrill edge login