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Launched in 2010, Merrill Edge is the online discount brokerage provided by Merrill Lynch and a part of Bank of America's retail banking division. The full-service brokerage Merrill Lynch itself dates back to 1914 and was acquired by Bank of America after the 2007 financial crisis. Merrill Edge focuses on investors with less than $250,000 and its services are integrated into B of A's other offerings.
$0 commissions and no management fee
- Provides 1% cash back with M1 Plus
- Allows users to buy fractional shares
- Insured by the SIPC and the FDIC
- Offers over 80 expertly curated investment portfolios for beginners