See your big picture by consolidating investment accounts
Enjoy greater control, more rewards and a deeper understanding of your assets by consolidating
your investment accounts with us. Learn what a more streamlined approach can do for you.
A more holistic understanding
Consolidating your investment accounts in one place gives your financial advisor greater insight into your full financial picture. This can help your advisor offer a strategy designed to get all of your assets working together toward your goals.
Potential for reduced fees and taxes
Fewer accounts to juggle may mean fewer fees to pay. And, with a single line of sight, your advisor can help you identify tax minimization strategies, like organizing less tax-efficient assets in tax-deferred accounts.4
Power to do more across your relationship
When you consolidate accounts, you may earn more BofA Rewards™ to power your progress — like credit card rewards bonuses, fee waivers on select bank services, interest rate discounts on home and auto loans and free fraud and identity monitoring. Plus, top tier members have access to premium lifestyle offers and experiences.5
Explore the benefits of consolidation with your advisor today
Have questions for your financial advisors?
1 Merrill Edge Self-Directed was ranked in NerdWallet's article "Best Online Brokers for Beginners," announced January 2, 2024, and received an overall rating of 4.2 out of 5 stars, from NerdWallet. NerdWallet evaluates brokers based on investment selection, trading platform, customer support, account fees, trading costs, mobile app and cash sweep rates. NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission. Learn more about the methodology at NerdWallet. Rankings and recognition from NerdWallet are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
2 Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. $0 option trades are subject to a $0.65 per-contract fee. Other fees and restrictions may apply. Pricing is subject to change without advance notice.
3 Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking®, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
4 Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
5 BofA Rewards™ Eligibility. Customers can enroll and maintain their membership in BofA RewardsTM if they have an open, qualifying Bank of America® checking account. BofA Rewards tiers are based on each customer’s combined average balance in qualifying deposit and investment accounts. The minimum balance for each tier is: Member, no minimum balance; Preferred Plus, $30,000; Preferred Honors, $100,000; and Premier, $1,000,000. When you enroll, you’ll be placed in the appropriate tier for your combined average balance and then moved to the highest tier you’re eligible for based on one of the following:
- for the 30 calendar days following your first enrollment, the combined end-of-day collected balance of your qualifying accounts (“Daily Balance”), provided that your Daily Balance remains above the required amount for a minimum of three business days; or
- subsequently, the combined average balance of your qualifying accounts calculated on the third business day of each month
Eligible customers will be moved to the higher tier within 3 business days. New tier benefits may take up to 30 days to become effective. For full terms, including qualifying accounts and the method of calculation of average balances, refer to your Personal Schedule of Fees .
Additional Eligibility. Employees and retirees of Bank of America may be eligible for BofA Rewards membership on customized terms. For details, please call Employee Financial Services or refer to the Bank of America intranet site. Bank of America Private Bank clients qualify to enroll in the Premier tier regardless of balances. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible for BofA Rewards on customized terms. Refer to CEBI Program for details.