/H /I WCMA. 0000063724 00000 n /Subscript /Span /PDFDocEncoding 15 0 R << >> << We can sell your securities or other assets without contacting you. >> (c) Overdraft. The client can lose more funds than deposited in such collateral account. /SpaceAfter 3.0 /StructParents 11 /StructParent 88 endobj /Usage 20 0 R The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets. 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. /Filter /FlateDecode /EmbeddedFiles 18 0 R >> Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. For all other accounts, the terms are in your account agreement and disclosures. /ID (qcjKsBZ_m0izlbalVhEfRQ) >> endobj 25 0 obj /Artifact /P 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 122 0 R 123 0 R 124 0 R 125 0 R 126 0 R 127 0 R 128 0 R 129 0 R 130 0 R 131 0 R /LineHeight 10.0 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. 1Preferred Rewards Program Eligibility. << 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 4 0 obj You can use the LMA account as a convenient way to pursuea variety of personal and business financing needs, including: An LMA account is a secured line of credit that uses your eligible securities, such as stocks and bonds, as collateral. >> 169 0 R 170 0 R 169 0 R null 171 0 R 172 0 R 173 0 R] Enables borrowers to calculate interest accruals at day one of the interest period Price = BSBY + client spread Independently reviewed IOSCO compliant , index approved by S&P. 2016. /Annotation /Span /BS << Rather than getting a 30year mortgage he was talking about a [Loan Management Account (LMA)] (https://www.ml.com/solutions/lma-account.html). x}KF=E {k C7 $|CO`,Vf9* z["iAwss{NGw7~O?~_o0Cvw(:j3\9RP|:|r\c~8]\2OaU.-8l)0Y3.ZW,!3X"k+8]f\D#UK+cb\bjZ,x?}/to~ OS>N Debit Balance. Current rate sheet. /ZaDb 17 0 R >> For more information about these services and their differences, speak with your Merrill financial advisor. If your account has a Visa card and/or checks, you may also create a margin debit if your withdrawals (by Visa card, checks, preauthorized debits, funds transfer service (FTS) or other transfers) exceed the sum of any available free credit balances plus available money account balances (such as bank deposit balances or money market funds). 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. Key take- aways . /W 0 >> /Type /OCG . /Name (Guides and Grids) 35 0 obj << Financial advice we got: We talked to a Merrill Lynch finance guy yesterday. /0 212 0000094181 00000 n >> 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. 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. 172 0 R 36 0 R 30 0 R 32 0 R 173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R /Contents [43 0 R 44 0 R 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R] /ID (OK7nydjdCUato9gtgGrldw) /InDesign << We are planning to move to Seattle from Atlanta in the next 3ish months. A general purpose loan must be repaid within five years, or it will be treated as a taxable distribution. The LMA account is uncommitted and Bank of America, N.A. /ParentTree 27 0 R 44 years old, married two kids 10 and 6years old. >> PDF A Guide to Your Merrill Lynch Statement /Count 2 /O /Layout %{JG:I|@-b 16 0 obj 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. 0000067298 00000 n << /P 282 0 R I'm Jonathan and I've been sharing my discoveries about money since 2004. 10 0 obj 3,815. about 630 shares of BAC (bank of america) stock that i was. 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. /W 0 >> 7 0 obj Take control of your spendingand saving with. /Border [0 0 0] endobj /P 26 0 R >> /Font << 0000010245 00000 n O5Gp#:C&;fX This is not a commitment to lend; you must submit additional information for review and approval. /OCGs [5 0 R 6 0 R 7 0 R 8 0 R 9 0 R] I am worried about a 2021 market/housing crash and being in the LMA. /D << << 1 0 obj My questions. Merrill Edge Margin Interest Rates - brokerage-review.com Your Merrill Lynch account statement indicates where your cash balances are currently held, deposited or invested, as well as recent yield information. 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. 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 /Properties << /Font << One Bryant Park. PDF Best Interest Disclosure Statement - Merrill 36 0 obj /A 175 0 R /Subtype /Link /Pa8 << Is the minimum value (loanAmount + 20% 15% 40%) and if it dips under that they need more funds? 256 0 R 257 0 R] Investing involves risk. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. /StartIndent 27.0 /GS0 52 0 R /Type /Annot /LineHeight 8.0 We will attempt to notify you of margin calls, but we are not required to do so.
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