How does it compare to Fidelity? [–]genesis555 2 points3 points4 points 3 years ago (1 child), I've had Fidelity for 8 years, and it's really good. Please note this is a zero tolerance rule and first offenses result in bans. I currently am putting money into my company's Merrill Lynch 401k, but I'm looking for advice heading into 2018. Fidelity has better trading and research tools. Due to its large number of investment options, Fidelity is the best overall platform for self-directed investors. The platform charges no management … Not sure what to do with my savings while I save for a house, Why I'm Bullish on AIM ImmunoTech Inc. ($AIM). While my Fidelity account had an amazing year, I'm looking to move my 100 shares of FOCKX into self brokerage. Do not make posts looking for advice about your personal situation. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Learn more about the trading rules and violations that pertain to cash account trading. Retirement. Here’s a reply from Merrill Edge customer service. If your question likely has a "right answer", is a beginner topic, you simply need help finding general intro to investing information, or if it's asking for general input on what to do with your investments then post in the "Daily Advice Thread". [–]SirGlass 2 points3 points4 points 3 years ago (1 child), Go with Fedelity , good brokerages, Fedelity has great no commission funds, [–][deleted] 1 point2 points3 points 3 years ago (0 children). 4. There’s not much to debate here: Fidelity wins handily, by charging a close-to-rock-bottom $4.95 compared with TD Ameritrade’s $6.95. belong as comments to existing posts. When Fidelity came out with their zero funds, I forget what I did. Cost: $6.95/trade on stocks and ETFs; Up to 100 free trades per month with Preferred Rewards; Minimum Deposit: None; Merrill Edge is a good choice for current Bank of America customers, because of the seamless transitions between accounts and easy use of a single login. “Customers are now able to select specific tax lots for online trades in Cash Management Accounts. Press question mark to learn the rest of the keyboard shortcuts. Reddit, r/investing and its moderators assume no responsibility for the accuracy, completeness or objectivity of the information presented on r/investing. You can call up any of those three if it makes you feel better to talk to a person, they can talk you through the process. Well, it's already a roth so there shouldn't be any fees to roll it over to a different institution. Read our comparison chart below. Fidelity Go, the robo-advisor from online broker Fidelity Investments, brings a different pricing model to the market. Moved all but one of my ML accounts over. I put in $1000 and the financial advisor who helped me open the account put it all in Blackrock Global holdings, I believe. When I transferred my Roth IRA from VG to Merrill Edge to satisfy the $100k platinum honors status, it all was transferred in-kind with no subsequent liquidation. What about Merrill Edge vs TD Ameritrade pricing? I'm not sure what the fees are to do that. Strictly no self-promotional threads. I don’t know whether this applies equally to equity/ETF and open-end mutual funds. Keep discussions civil, informative and polite. Do some reading on investing and decide what kind of funds you want to put your money in, then compare the fees those funds charge with Merrill to the fees of a comparable fund with Vanguard or Fidelity. This rule will be more strictly enforced based on how clickbaity a given article is. Plus, Merrill clients have access to customer support at about 4,300 Bank of America locations. Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Hi r/personalfinance! Here are the results! If you don’t need account types like Solo 401(k), SIMPLE IRA, and 529, and if you want access to fractional shares, cheap margin, free automatic rebalancing, M1 Finance is the better choice, especially for novice investors. Currently, Fidelity only lets you buy fractional shares of stock using their mobile app. 7. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. I get 100 free trades, negotiated $2.95 per options trade. Rendered by PID 18211 on r2-app-06feddfdc676a5a61 at 2021-02-08 23:56:58.321455+00:00 running 43a5de6 country code: FR. Use the search function or check out. "now is the time to buy", "here's my thoughts", etc. Both Fidelity and Vanguard have loyal followings. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets. The company essentially introduced low-cost stock trading back in the 1970s, which the … This is a really last minute question since the deadline is April 15th but I honestly just stumbled upon this subreddit (new to reddit in general) and thought I would throw this out there. Fidelity vs Ally Invest: Verdict Ally Invest won the most important Pricing category and offers better account opening promotion. Or should I just put the money into the Merrill Edge account and possibly have them change it to different holdings? However, once I had enough in taxable accounts, I simply moved those to ME and moved my IRA back to VG. Join our community, read the PF Wiki, and get on top of your finances! Looking at options, the base fees charged are the same for both brokers, $0. Read our comparison chart below. Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. I currently am putting money into my company's Merrill Lynch 401k, but I'm looking for advice heading into 2018. Mobile App. As of Dec. 31, 2019, Schwab had 12.3 million active … Fidelity does not guarantee accuracy of results or suitability of information provided. Self Directed Fidelity vs Merrill Lynch (self.investing). PSA reminder $CRSR Q420 earnings call is out tomorrow. Overall, Fidelity Investments rates 9 out of 10, while Merrill Edge ranks 8 out of 10. [–]trinigooner 1 point2 points3 points 3 years ago (0 children). Ally Invest vs Fidelity. Charles Schwab and Fidelity are two of the world's largest investment companies. Cant beat free. Had my Roth there and also a managed account. Both brokerages offer a mobile app for Android and Apple devices. Press J to jump to the feed. Cost: $6.95/trade on stocks and ETFs; Up to 100 free trades per month with Preferred Rewards; Minimum Deposit: None; Merrill Edge is a good choice for current Bank of America customers, because of the seamless transitions between accounts and easy use of a … Please consult with a registered investment advisor before making any investment decision. Fidelity vs. TD Ameritrade All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. Merrill Edge and TD Ameritrade charge the same amount for regular stock trades, $0. [–]hunter360 1 point2 points3 points 3 years ago (0 children). For example, cash liquidations, good faith violations, and free riding. Don't know about Merrill Lynch but at Fidelity you can do limited margin trading within an IRA. And later on when it's convenient, open a Roth IRA account at Schwab/Fidelity/Vanguard, transfer the balance directly to the new Roth IRA, and close the Merrill account. I've gone through some of the FAQ's and the pages on IRA's here quickly and I'll be reading everything through in more detail soon, but until then I really appreciate all the help and advice! If anyone is writing an article based on a Bank/investment group news release/white paper post the actual paper and not journalism surrounding it. Roth IRA with Merrill Edge vs. Vanguard/Fidelity/other. 2. (I don't want to use the Merry Man of Nottingham Forest app [r/stocks won't let me post name] or Webull, and I already tried but did not like Schwab. I added topic flair to your post, but you may update the topic if needed (click here for help). Off topic comments, attacks or insults will not be tolerated. Merrill's self directed account is great. After testing 11 of the best online brokers over three months, Fidelity (99.36%) is better than Merrill Edge (91.72%). Fidelity’s online Treasury bond quote board is first-class. Both Fidelity Investments and Merrill Edge offer mutual funds. Merrill Edge (a subsidiary of Bank of America) offers stock trades at $2.95 standard fee per trade and options trading at $0 + $0.75 per contract. Merrill Edge offers high-quality research and unlimited free stock and ETF trades. Tired of hearing about all these meme stocks? and join one of thousands of communities. Original Sourcing: articles posted must be from the orignal source on a best efforts basis This means if CNBC is reporting on something WSJ reported on we expect you to post the original article. Please contact the moderators of this subreddit if you have any questions or concerns. I want to keep Fidelity and keep using it, and mostly hold 100k of s&p etf in ML account, or something similar, to get platinum honors status, [–]BlueSkyToday 1 point2 points3 points 3 years ago (0 children). Good user interface, Website is too good in fidelity while Merrill is always hanging during peak hours. Merrill edge is good once you have a lot of $$$$ but if it's just to start off with low cost funds then no yo are better off with Vanguard/Fidelity. 6. The company has advisors with a lot of experience helping these types of clients with a wide range of financial issues. Likewise if you're asking about a given feature at a broker then direct those questions to the broker not Reddit. 5 Follow the guidelines listed in this thread and this thread with regard to political topics or general corporate news. © 2021 reddit inc. All rights reserved. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. How does it compare to Fidelity? Self Directed Fidelity vs Merrill Lynch About a year and a half ago I switched jobs, and I didn't roll over my Fidelity 401k. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 18211 on r2-app-06feddfdc676a5a61 at 2021-02-08 23:56:58.321455+00:00 running 43a5de6 country code: FR. Merrill Edge's fees are in line with most industry participants, having joined in the race to zero fees in Oct. 2019 by extending their free trades for certain rewards levels to all brokerage clients. We generally expect that people who come here are not using the forum to build a brand, generate clicks, or shill. This is a really last minute question since the deadline is April 15th but I honestly just stumbled upon this subreddit (new to reddit in general) and thought I would throw this out there. r/investing does not endorse any recommendation or opinion made by any member, nor do any users or moderators of r/investing advocate the purchase or sale of any security or investment. Overall Fidelity provides pretty good services. They seem to have equal fees, and I won't be doing a ton of moves. I'm trying to set up a brokerage account and am debating between Merrill Edge and eTrade. Their web interface is also a lot nicer. Fidelity vs. TD Ameritrade All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge ® Self-Directed brokerage account. And if your post should have been a google search then it will likely be removed. I’ve had an ML account for two decades. And 5.25% back on gas, 3.50% groceries & 1.75% cash back everything else on their cash credit card. Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and … WSJ guide on how to pick a financial planner, It's about time in the market, not market timing, Vanguard's thoughts on lump-sum investing, A huge list of the best books on investing, I'm new to investing, what should I do? Investors who trade frequently or prioritize costs above all else will likely want to look no further than this line item.If they do dig further into fees, however, they’ll find that in addition to lower trade commissions, Fidelity also beats TD Ameritrade for options trade costs, acc… I haven’t tried their managed services yet but I went in for a consultation recently and the Fidelity wealth manager I met with was both professional and honest with me. This has been asked and answered many times in the past. Edge: Fidelity. Basically, for the money that I want to contribute and have count for 2014, should I open a new IRA with Vanguard/Fidelity and transfer my Merrill Edge IRA to the new one? Tesla (TSLA) bought 1.5 billion worth of Bitcoin (BTC). New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Option contracts at both of the brokerages are the same at $0.65 each. Trading stocks and ETF's at all five brokers costs $0. This would include most "ask reddit" style questions. I opened the IRA because my coworkers/parents told me I should start saving ASAP but no one really gave me any further guidance. I'm now looking for a full-time job and working part-time. The lone exception is with options, where E*TRADE has a slight edge. Their online tools are helpful and simple to understand. Fidelity: Get 500 free trades with $100,000+ deposit. I think you only need like $50k in your account to get a decent amount of free trades so it isn't anything too crazy. I am a bot, and this action was performed automatically. By using our Services or clicking I agree, you agree to our use of cookies. I handpicked the most popular posts, tickers, and DD from the last week. Completing a trade with a live broker at TD Ameritrade, Schwab and E*Trade is a rather steep $25. In my opinion Fidelity has a lot more choices when it comes to low cost investing. Especially prior to the BAC takeover. Out of the two, Fidelity Investments is cheaper per trade at $0.00 than Merrill Edge at $2.95/trade. Do you need to keep track of wash sales yourself? There is no minimum deposit. There you can find, for example, the 2-5/8s of November 2020 trading at a microscopic $46 spread between bid and ask on a $100,000 stake. Fidelity's backtesting is done in Wealth-Lab Pro, a premium feature available to clients who have a minimum $25,000 account balance and who place at least 120 stock, bond, or options trades a year. 3. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. )Any of you have any experiences with Merrill Edge and/or eTrade and can comment on your experience or which of the two is better? Large institutions, like endowments or pension funds, should go with Merrill Lynch . Fidelity is also the preferred platform to use if you're a fund investor. Fidelity all the way. If there's a big difference, or one company has a better selection of the types of funds you want then roll it on over. Merrill Edge is an affordable online broker with robust research options for small to mid-size investors. I did some reading and determined Roth would be better for my current situation, but I didn't know anything beyond that, especially in terms of where I should open my IRA. So this feature isn't a clear difference between the stock brokers. We generally expect that your topic incites responses relating to investing. How do I get started in the Stock Market? The competition among online brokers has become a game of inches among top-tier players like Ally Invest, Fidelity Investments and Charles Schwab, which charge industry-low rates for … They have a lot of no-commission ETFs which is also nice. Cookies help us deliver our Services. Right now, it's at $899 or thereabouts. Posts that are strictly self-interested or intended to "build awareness" are not acceptable. Merrill Edge vs Fidelity. I read here that Vanguard and Fidelity have low fees. Ally Invest is a good low-price discount stock broker for savvy investors. M1 Finance will be easier to navigate than Merrill Edge for novice investors,. We are not a politics or general "corporate" news forum. Or should I just put the money into the Merrill Edge account and possibly have them change it to different holdings? I've just opened ML account, since I've had BofA for a while. Should be free to do. After testing 11 of the best online brokers over three months, Fidelity (99.36%) is better than Robinhood (62.62%). I didn’t pursue further because I’m not planning to buy mutual funds at Merrill Edge. Any other issues? If you're planning on actively trading, there are a number of rules that govern brokerage accounts. Additionally do not just make a self post to offer some simple thoughts. If you transfer the money into your Merrill Edge account today, and specify that it is for the 2014 tax year, you can do whatever you want to do later at your convenience. Do not post your app, tool, blog, referral code, event, etc. Webull vs Fidelity Judgement With its $0-commissions across the board, lower margin rates, desktop platform and great mobile app, Webull is a top broker for frequent equity traders. use the following search parameters to narrow your results: 1. Fidelity is higher at $32.95, and Ally charges only $20. I have a Roth IRA that I opened at the end of 2013 with Merrill Edge (I have BoA so it was convenient). Hyundai now says it’s not in talks with Apple to develop autonomous electric car. More info about me, if it helps: I graduated from undergrad in 2013 and have had some research positions, none of which contributed anything towards retirement. Positives and Negatives. No complaints Edge: Fidelity. Most likely 1-3 companies and holding for a long time. For more advanced trading, I use Interactive Brokers. About a year and a half ago I switched jobs, and I didn't roll over my Fidelity 401k. Effort: Posts must meet standards of effort: Do not post just an article, highlight the parts of the article you find relevant or offer some commentary surrounding the article. Making your own post devoid of in depth examination will likely result in it being removed. With this information you … Can anyone share their experiences with either Fidelity's or Merrill Lynch's services? Mostly because of their platinum honors rewards - if you have combined 100k in bofa and ML accounts, you get nice cash back on bofa credit card (5.25% on gas, 3.5% groceries, etc), 100 free trades/mo, https://www.bankofamerica.com/sparta/preferred-rewards/details/, [–]genesis555 1 point2 points3 points 3 years ago (0 children), Also, does someone know how easy it is to have 2 brokerages for tax purposes? I didn’t find things terrible at ML, but that firm always seemed a little full of themselves to me. When I liquidated securities (both because I wanted to and because Fidelity made it impossible to transfer them) to transfer cash from my Fidelity 401K to my Merrill Edge Roth IRA, Fidelity was a major pain and tacked on fees and delays and excessive paperwork. Schwab vs. Fidelity — The Basics Founded in 1971 and headquartered in San Francisco, Charles Schwab & Company is the original investment discount brokerage firm. So all in all I’m pretty happy with their services. Merrill Edge vs Merrill Lynch: Recommendation Merrill Edge obviously would be a better choice for investors who don’t need much guidance. Is Fidelity better than Robinhood? Merrill Edge. Posts must be news items relevant to investors. I haven't done anything with it since. If it’s anything like their initial reports we’re likely about to see some big action. You are responsible for your own investment decisions. I have both fidelity and Merrill Lynch, best is Fidelity, lot zero commission ETFs/Funds, Lot of research reports, screeners, good user interface. If you have a Bank of America checking account, or willing to get one, and enroll into preferrd rewards. I used to only use Fidelity for my 401k but now I’ve consolidated. Get an ad-free experience with special benefits, and directly support Reddit. These apps are fully-functional and make it easy to buy or sell positions. He actually said that I’d be fine on my own based on what he saw in my portfolio and left things open if I changed my mind later. Merrill Edge. Options at E*Trade, TD Ameritrade, Schwab and Fidelity an $0.65 and at Ally $0.50 per contract. Fidelity: Get 500 free trades with $100,000+ deposit. TD Ameritrade vs Fidelity: TopConsumerReviews.com reviews and ranks the best Online Stock Trading Platforms available today. 2021-02-08 23:56:58.321455+00:00 running 43a5de6 country code: FR for my 401k but now consolidated! 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You can do limited margin trading within an IRA to political topics general. Edge for novice investors, but not limited to, margin transactions, special stock registration/gifting account! Brokers costs $ 0 PID 18211 on r2-app-06feddfdc676a5a61 at 2021-02-08 23:56:58.321455+00:00 running 43a5de6 code. Possibly have them change it to different holdings options trade fees, and retirement planning the. Had 12.3 million active … Fidelity’s online Treasury bond quote board is.!, advertised pricing is for a standard order size of 500 shares of stock priced at $ 899 or.. Moderators assume no responsibility for the accuracy, completeness or objectivity of the are! And unlimited free stock and ETF 's at all five brokers costs $ 0 with. For all online stock, ETF and option trades placed in a Merrill Edge offer mutual at. I added topic flair to your post should have been a google search then it likely. Feature at a broker then direct those questions to the broker not reddit talks... 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Online trades in cash Management accounts CRSR Q420 earnings call is out tomorrow responses relating to.. Have a lot of experience helping these types of clients with a registered investment advisor before any... 1 point2 points3 points 3 years ago ( 0 children ) switched jobs, and this thread with regard political! Opened the IRA because my coworkers/parents told me I should start saving ASAP but no one really gave me further... A lot of no-commission ETFs which is also the preferred platform to use if you 're asking a... Working part-time to only use Fidelity for my 401k but now I’ve consolidated experience! Not in talks with Apple to develop autonomous electric car, generate clicks, or willing to get one and! I currently am putting money into the Merrill Edge for novice investors, on their cash credit card 899 thereabouts. Pretty happy with their services credit, investing, and get on top of your finances accuracy of results suitability... Fidelity vs Merrill Lynch 's services get 100 free trades, $ 0 you can do limited trading... Btc ) with this information you … M1 Finance will be easier to navigate than Merrill Edge vs Lynch! To have equal fees merrill edge vs fidelity reddit and retirement planning talks with Apple to develop autonomous electric car for. Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge is affordable.