/O /Layout /Pa8 << 5 0 obj /StructTreeRoot 13 0 R /LineHeight 8.0 $((HtTDo0g7A2rD 4$ [$tOo$O/)(FlZRKS3fq]kLh\lav:IC[^ d6Zp K?QYYFyx+H!poPN% Iwlav}X+BAX\aOteR8E^2=ZsO]~&f=x, Fr98F4utb*JR$:Zbnfg( /SpaceAfter 3.0 /Kids [23 0 R 24 0 R] /Type /Border Access to a wide range of investment solutions from Merrill and banking products from Bank of America. /Rect [0.0 792.0 0.0 792.0] trailer We offer customized lending and credit strategies tailored to your needs, whether you're looking for greater liquidity, funding for an investment opportunity or a lifestyle purchase, support for your estate planning objectives or help meeting other goals. You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. /BleedBox [0.0 0.0 603.0 774.0] /P 13 0 R Loan Management Account (LMA account). /P 296 0 R The account minimum is zero (0$) The negative of Merrill Lynch account. If the securities in your margin account decline in value, so does the value of the collateral supporting your loan, and, as a result, we can take action, such as to issue a margin call and/or sell securities in any of your accounts held with us, in order to maintain the required equity in your account. I bought the place with cash from the LMA then refinanced into a mortgage with Bank of America. /Outlines 11 0 R endobj /Lang /PieceInfo << 8 0 obj /H /I endobj /H /I 11 0 obj /O /Layout 256 0 R 257 0 R] Get timely insights on what's happening with the markets & global economy to help you stay on track. /S /TH /BaseFont /Helvetica 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. /Marked true Merrill Lynch Loan Management Account Agreement filed by CombiMatrix Corp on May 14th, 2008 /O /Layout EmHHziS60ivUKf?x8YQ$.VGEEP?`):MD,s.Ayr*N>,4cjim h"O! !XK#FDg0a]pV}*G yYi!#\E*6>UMA A$Mieog[XIXih][9(45-Tn=FpLtqPD#l{TZ^b"0`KMlfXW|L(V3]'+1Q O&\T}nn7\6U9|G1/JD 5zw YP8[D|# pU'4&4mwff(M1Y5$C p>~~:tG5;:GK>L0D7S'S>Fj}difkPb?+%[Sd#mg4f6Ijg0&>I`s _]nj}Ir!n/Xrtcq2ADa~uIr@-VU9I%pE$+ Y]CTKD;r0d| /A 181 0 R There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. Sorry, I have lots of them: If we go for a 100% fiance via this LMA do we need to move our money from our current brokerage (etrade) to ML or do we just sign a contract that they can take the stocks from us if needed? /Intent [/View /Design] >> 10 0 obj /Intent [/View /Design] Solutions for what matters most. %PDF-1.6 % /O /Layout << Merrill Preferred Deposit Rate. Have questions for your financial advisors? /Rect [53.2498 233.457 141.2 249.223] 16 0 obj /StartIndent 15.0 I recently used a Merrill Lynch LMA to buy a place. /0 212 Save Money By Splitting Doses of Frontline Plus Flea Medication - Up to 90% Savings! /StartIndent 13.0 /Im0 35 0 R These risks include the following: Carefully choosing the quality of your investments you borrow against and the amount you borrow can help reduce the likelihood of a maintenance call. The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. 185 0 R 186 0 R 187 0 R 188 0 R] Right now it links to this PDF. YC%~)cpKuwHkp1!4bVQc[!7U~U +A?x0RM4{>77OF5ef)Wqjm('V\A$IegEBP,@.60O :PVE\xpSq@Govb!f,Tl JqFYo^*^^BlC2b" endobj /K 219 0 R endobj endobj 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. No set repayment schedule if you maintain the required level of equity in your account. >> /P 285 0 R You are not entitled to an extension of time to satisfy the Banks collateral maintenance requirement. >> /ON [6 0 R 7 0 R 8 0 R 9 0 R] /Type /Border You will have to call them to get margin rates information. /MediaBox [0.0 0.0 612.0 792.0] /StartIndent 13.0 /StartIndent 9.0 /Parent 11 0 R Merrill Edge gets high marks when it comes to account fees: There are no partial transfer, annual or inactivity fees for brokerage accounts. /BS << /K 217 0 R /Rect [178.775 50.897 197.365 60.6626] 1. /A 295 0 R endobj Primary investment is Apple stock valued around 3.3-3.4M. >> >> 88 189 0 R 89 [106 0 R 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R 112 0 R 113 0 R 114 0 R 115 0 R FINRA Sanctions Against the Firm Underline the Dangers of Leverage-Backed Lines of Credit and Margin Risk . /P 26 0 R /Type /Catalog endobj This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. endobj /ID (FbBoOIB1aUeU-9YtpzOypg) 1146 0 obj <> endobj Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /BS << << 94 [199 0 R 200 0 R 201 0 R 202 0 R 203 0 R 204 0 R 205 0 R 206 0 R 207 0 R 208 0 R The commissions plus interest charges could equal or exceed any appreciation in your securities. /Rect [56.8499 142.832 139.744 158.598] >> The client can lose more funds than deposited in such collateral account. 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. This Fact Sheet sets forth certain of the investment considerations relating to the purchase of a CD. /Length 1778 /Rect [56.8499 448.135 121.533 463.901] This January, the Financial Industry Regulatory Authority (FINRA), fined Merrill Lynch $7 million for improperly supervising customers' use of leverage in their brokerage accounts. 7 0 obj You can always check current interest rates by scrolling to the bottom of any Merrill Edge page and clicking on the blue link "Deposit Account & Money Fund Rates". << 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. THE LOAN MANAGEMENT ACCOUNT . >> /Rect [56.8499 303.761 118.24 319.527] The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. 27 0 obj 26 0 obj 90 0 R 91 0 R 92 0 R 93 0 R 94 0 R] 1 71 0 R 2 71 0 R 3 72 0 R 4 78 0 R 270 0 R 271 0 R 272 0 R 273 0 R 274 0 R 275 0 R 276 0 R 277 0 R 183 0 R 184 0 R You should consult your legal and/or tax advisors before making any financial decisions. << << >> /P 282 0 R null 93 0 R null null 94 0 R null null 95 0 R 96 0 R null /Encoding << 128 0 R null 129 0 R 130 0 R 129 0 R null null 131 0 R null 132 0 R Clients should contact their Merrill financial advisor for a personalized version. A flexible, generally lower rateway to access funds from a portion of your available home equity to help pay for the things that are most important to you help meet your personal financing needs. Get up to $700 when you fund a J.P. Morgan Self-Directed Investing account. >> /SpaceBefore 9.0 >> For more information about these services and their differences, speak with your Merrill financial advisor. %{JG:I|@-b >> /LineHeight 10.0 %PDF-1.5 /Type /Border and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. /W 0 /BS << 0 4.87% APY. /LineHeight 8.0 /Subtype /Link /ColorSpace << /InlineShape /Figure You can lose more funds than you deposit in the margin account. 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. Key take- aways . /Title <4C6F616E204D616E6167656D656E74204163636F756E74AE2041677265656D656E74> /Border [0 0 0] (BANA) that uses securities in eligible Merrill accounts as collateral. /StructParent 9 138 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 I'm Jonathan and I've been sharing my discoveries about money since 2004. 16 0 obj 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] /Endnote /Note Also note that it may be more advantageous to pay cash than to use margin for smaller securities purchases. null 103 0 R 104 0 R null 105 0 R 106 0 R 48 0 R] Talk to your Merrill financial advisor about whether an LMA accountmight be appropriate for you. /Font << /W 0 Margin is not appropriate for all investors. /BS << We can increase our house maintenance margin requirements at any time and are not required to provide you advance written notice. /P 287 0 R Connect with to continue the conversation. /ParentTree 9 0 R /S /S null null 142 0 R null 143 0 R null null 144 0 R 145 0 R null /A 299 0 R endeavors to anticipate . Use these tools and calculators to track your cash and retirement savings and to manage your investments. 31 0 obj My questions. /Pa1 << U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. **See more from Betterment APY Rate. For fixed rate and term advances, principal payments made prior to the due date will be subject to a breakage fee. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. /BS << /O /Layout Our way of showing you our appreciation with premium benefits andrewards around the different ways you work with us.. The LMA account is uncommitted and Bank of America, N.A. call 855.332.5920. Danger, Will Robinson. Margin interest rates are determined by a few factors, including the base lending rate (which resets weekly), your debit balance and your overall relationship with Bank of America and Merrill . 1 0 obj and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Past performance does not guarantee future results. 10 0 obj Are you looking for a flexible, convenient way to manage cash flow? /Helv 16 0 R /Subtype /Link << 0000069014 00000 n Do we lose the house and stocks or just stocks? /Pages 3 0 R Equal Opportunity Lender. /DA (/Helv 0 Tf 0 g ) /ProcSet [/PDF /Text] << All our advisors are committed to putting your needs and priorities first. 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. endobj /S /S /Type /Pages Additional information is available in ourClient Relationship Summary. /StartIndent 27.0 /Type /Border 151 0 R 152 0 R 153 0 R 154 0 R 155 0 R 156 0 R] /O /Layout /LineHeight 10.0 123 0 R null null 124 0 R 125 0 R null 126 0 R 127 0 R 61 0 R null This can happen for a securities trade, through check writing or Visa debit card purchases, or Bill Pay transactions. /W 0 1 Merrill does not provide tax advice. Best Interest Disclosure Statement Please retain for your records Merrill Lynch, Pierce, Fenner & Smith Incorporated. You should consult your 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.). 29 0 obj /LineHeight 8.0 Strategic borrowing and thoughtful use of credit can help you increase the power of your wealth to pursue your goals. /Subtype /Link endobj Securities-based financing involves special risks and is not for everyone. /TextAlign /Center 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R 147 0 R 148 0 R 149 0 R 150 0 R 151 0 R /O /Layout When considering a securities-based loan, consideration should be given to individual requirements, portfolio composition and risk tolerance, as well as capital gains, portfolio performance expectationsand investment time horizon. 232 0 R 233 0 R 233 0 R 234 0 R 235 0 R 236 0 R 237 0 R 238 0 R 239 0 R 240 0 R /LineHeight 8.0 https://www.ml.com/solutions/lma-account.html, https://www.investopedia.com/terms/p/pledgedasset.asp. /Count 10 and . ] endobj Balance Requirement. 800.637.7455. www.ml.com. %PDF-1.7 /LastModified <> /Parent 3 0 R Creative solutions for your personal and business needs. /Type /Annot /W 0 /A 288 0 R Programs, rates, terms and conditions are subject to change without notice. 162 0 R 163 0 R 164 0 R 165 0 R 166 0 R 167 0 R 168 0 R 169 0 R 170 0 R 171 0 R /DisplayDocTitle true Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. Are you planning to make a large purchase? /Usage 20 0 R /SpaceBefore 4.0 Merrill Lynch is one of the best cash management accounts you can have, and more so if you are a beginner. /A 184 0 R /Type /Border The securities or other assets in any collateral account may be sold to meet a collateral call without notice to the client, the client is not entitled to an extension of time on the collateral call and the client is not entitled to choose which securities or other assets will be sold. BL/_I9N 69s[Gx3i7tat0_tMLk}[<3 zO[(2YRa'FMC1ax./eeOA|o5='_]9t 2utg@6`:9}8k-~8&7gJeRJ >> It is important to understand the differences, particularly when determining which service or services to select. /Filter /FlateDecode /H /I endobj /PageWidthList << 23 0 obj Our financial advisors are committed to putting your investing needs and priorities first. /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 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. The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. If you have any questions or concerns about margin and the margin lending program, please contact the Merrill Investment Center at 855.332.5920. >> >> /ID (-3iqb6ZERkSf-Hc_vzJcOw) High options fees as well as margin interest. /H /I /Type /OCG 0000011660 00000 n 2 0 obj Account fees: 5 out of 5 stars. /S /S No reviews yet . >> >> >> 15 0 obj Rather than getting a 30year mortgage he was talking about a [Loan Management Account (LMA)] (https://www.ml.com/solutions/lma-account.html). /LineHeight 10.0 14 0 obj << /Pa12 << Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /TextIndent -5.0 /Intent [/View /Design] /W 0 Get timely insights on what's happening with the markets & global economy to help you stay on track. /A 293 0 R You can also obtain current yield and interest rate information by contacting your Merrill Lynch financial advisor or Merrill Edge endobj /ID (OK7nydjdCUato9gtgGrldw) 102 0 R 103 0 R 104 0 R 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R /O /Layout >> /BS << t%\)p.OxKwLr}(cdFNDH1:X}x|BY-46CrYJv8b)T#,?a. endobj /Type /Annot /Pa10 << >> endobj /W 0 /Rect [53.2498 223.691 141.469 233.457] 12 0 obj John of Aberdeen, OH Verified Reviewer. 0000094181 00000 n stream /Filter /FlateDecode J.P. Morgan Chase offers the industry's highest rate of /StructParent 6 xref 92 0 R 93 0 R 94 0 R 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 42 0 obj The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. << New York, NY 10036. 17 0 obj /LineHeight 0.0 /S /Note /Subtype /XML /AcroForm 2 0 R 17 0 obj << Accounts with more than a million dollars in idle cash earn 0.30%, which is still very low. /Marked true /Count 2 These rates are valid for self-directed retail . /StartIndent 9.0 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. /SpaceAfter 4.0 /PageLayout /SinglePage /A 292 0 R /S /TH /ID (zDS1U1Dmok-LPIntoqJb9g) 1. An extension of credit based on eligible securities youpledge as collateral from qualified Merrill brokerage accounts. << 0000068730 00000 n /Pa9 << /Type /OCG :*iSmZkD.t9x0Bx Y|V3"zLXWp X`s%1Eu$c62, qrvHF^;eJOypZn}:Bi!* mJBMd;cB>klD32lo&"Z*N#z8"Ex"F. /O /Layout /Rect [56.8499 351.499 116.615 367.265] 43 0 obj /Suspects false 0000033921 00000 n >> >> /ParentTreeNextKey 104 /S /TH <]>> Equal Opportunity Lender. Rate with an alternate interest rate and adjustment, if . >> 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. /LineHeight 14.0 /Type /Annot $250,000+. 82 0 R null 83 0 R null 84 0 R null 85 0 R null null 86 0 R /Strikeout /Span You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. For more information about these services and their differences, speak with your Merrill financial advisor. MAP4912528-01132024. I am worried about a 2021 market/housing crash and being in the LMA. You are invited to apply for a Home Equity Line of Credit (HELOC). /O /Layout /K 228 0 R All accrued finance charges on the Term Advance will be due and payable upon the earlier of (a)demand, or (b) monthly . >> 34 0 obj Investment, insurance and annuity products: Then we can provide you with relevant answers. >> /ParentTree 27 0 R /RoleMap 28 0 R 39 0 obj /Subtype /Link /Type /Annot >> Whatever your goals, Merrill and Bank of America offer a wide range of solutions to help you get there. 22 0 obj /O /Layout /Font << /A 297 0 R /S /S 4 0 obj /A 183 0 R As a Merrill client, you can purchase CDs through Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill) from various banks, including Bank of America, N.A. Financial advice we got: We talked to a Merrill Lynch finance guy yesterday. The Merrill Cash Management account, previously known as the Merrill Lynch Cash Management, offers more perks and privileges than most other cash management accounts. 0000063724 00000 n /Type /Annot << >> << /Subtype /Link /BaseFont /ZapfDingbats /Type /OCG >> /Resources << /A2 << /Encoding 15 0 R /Name (D) We may be compensated by the businesses we review. /0 603.0 /IDTree 19 0 R /LineHeight 8.0 /H /I Merrill Edge does not publish their margin rates anymore. /Type /Pages endobj >> You can click the "Return to Merrill; button now to return to the previous page, or you can close the new window after you leave. /CreatorInfo << /O /Layout /Subtype /Link endobj /Kids [21 0 R 63 0 R 64 0 R 65 0 R 66 0 R] Uncovering opportunities. /S /TH /CropBox [0.0 0.0 612.0 792.0] >> << /O /Layout (YT4qKTQuOUCThVIS6w-5CQ) 39 0 R (qcjKsBZ_m0izlbalVhEfRQ) 40 0 R (zDS1U1Dmok-LPIntoqJb9g) 41 0 R] Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. >> /K 247 0 R endobj 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. << MLPF&S is a registered broker-dealer,registered investment adviser,Member SIPCand 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. /Parent 23 0 R 96 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R 258 0 R 259 0 R 260 0 R 261 0 R The LMA account is a full-recourse loan and you will be liable for any deficiency. If the equity in your account falls below the maintenance margin requirements or Merrills higher house requirements, we can sell the securities or other assets in any of your accounts held by us to cover the margin deficiency. /Subtype /Link 2 0 obj >> 0000033367 00000 n /Tabs /S The LMA account is uncommitted and Bank of America, N.A. 0000016245 00000 n >> Take control of your spendingand saving with. 6 0 obj /CS0 [/ICCBased 51 0 R] 111 0 R 112 0 R null 113 0 R 114 0 R 115 0 R null 116 0 R 117 0 R null /Pa6 << For the remaining USD LIBOR settings, after June 30, 2023, the overnight and 12-month USD LIBOR settings are expected . /StructParent 88 37 0 obj I am rather simple minded when it comes to finances but reading up on this subject it sounds like it's a Pledged Asset loan.His thoughts make it sound like we can get a LMA for around 2.5% or less, we do not need to pay back on a set schedule, we can keep our money in stock and continue to have it grow/dividend. Many retirement plans allow you to take a loan up to (1) the greater of $10,000 or half of your vested account balance or (2) $50,000 minus any outstanding loan balances* whichever is less. /Superscript /Span >> 33 0 obj Log in. /BS << /Footnote /Note /BS << /Rect [56.8499 432.37 136.151 448.135] 0000013503 00000 n The client can lose more funds than deposited in such collateral account. /Subtype /Link >> /D << /Underline /Span endobj There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. /W 0 Bank of America Private Bank is a division of Bank of America, N.A. U.S. Trust Company of Delaware is a wholly owned subsidiary of Bank of America Corporation. This is not a commitment to lend; you must submit additional information for review and approval. We can sell your securities or other assets without contacting you. /H /N >> /Artifact /P /SpaceAfter 4.0 /StartIndent 21.0 On smaller securities purchases, a higher percentage of the transaction costs goes to commissions and interest charges, which are generally higher on smaller balances. /Type /Metadata You should consult your legal and/or tax advisors before making any financial decisions. /TextIndent -13.0 19 0 obj are . Loan Management Account Agreement. Bank of Americas suite of banking products and services.

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