Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.Īfter enrollment you must maintain the three-month combined average daily balance to stay in the program. ![]() a three-month combined average daily balance in your qualifying deposit and investment accounts, orĢ. You can satisfy the combined balance requirement for enrollment with either:ġ. Balances include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. You can enroll, and maintain your membership, in the Bank of America Preferred Rewards® program if you have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers. Managed Account Advisors LLC (MAA), Merrill's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Guided Investing strategies for client accounts, including facilitating the purchase & sale of ETFs and mutual funds in client accounts and updating account asset allocations when the CIO's recommendations change while also implementing any applicable individual client or firm restriction(s).Ģ Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss.ģ Preferred Rewards Program Eligibility. You should evaluate which solution is right for you considering your investment profile your preferences on working with an Advisor you select or working on a self-guided basis the types of services you want the investment solutions available and the Program fees.ġ The Chief Investment Office (CIO) develops the investment strategies for Merrill Guided Investing and Merrill Guided Investing with Advisor, including providing its recommendations of ETFs, mutual funds and related asset allocations. These products are available to you for investment based on factors such as account limitations, client and advisor/FSA eligibility and our product approval process. We offer a wide variety of investment products. ![]() For more information about our brokerage services and investment advisory programs, see ml.com/CRS.
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