Merrill

Merrill Edge, owned by Bank of America, established itself as a competent broker bank for long-term investors, retirement planners, and casual traders. It offers a one-stop solution that appeals to many clients and maintains fee-based investment advisory programs and quality trading tools. It also excels with its award-winning customer service and the Preferred Rewards program by Bank of America, which offers perks at Merrill Edge. I conducted this Merrill Edge review to evaluate its investment environment, which, while offering some impressive features, also has notable drawbacks for active traders.