r/MerrillEdge

Hi all,

Getting my legs under me for MerrillEdge and think I understand most of what's going on in the world (at least as it impacts me so far) but I'm having a hard time understanding how mutual fund-like buys are executed/processed/settled.

I know they're generally priced based on EOD NAV, but I also know TTTXX behaves differently since it shows up as a money account and with a fixed $1.00 price.

I'm trying to understand what should be expected when I enter a buy order for TTTXX... E.g. yesterday at ~1PM ET, I had about $7.xx (whoo) left over after transferring some cash from the BofA side to buy some other securities. I entered a buy for 7 x TTTXX and got a "The market is now closed..." message.

This morning I still have an open order an $7.xx sitting in my Cash Balance.

When will that order actually be processed and when is the cutoff for the order to be processed the same day?

Not very consequential in any case but trying to understand the what is expected and why.

TIA!

I’ve been with BofA for 44 years and I’ve had enough. I requested access to options and Merrill disabled my account going on 5 days. I’ve called them everyday but it does no good. Twice the resolution manager said they would call me back and nothing….. I’m done with Merrill. Who should I switch to? I’ve used fidelity years back, I also have a robinhood account that is easy/comfortable. I’m a novice trader who is looking to move into option trading…. Please share your recommendations so I pick a quality institution and tools. Also Looking to join a discussion group that discusses options with real time examples. Thanks,

I noticed some absolutely abnormal stuff this morning where some shares had been sold at a loss. Not only were the right lots not selected, the sell price was 1/5th of what the actual trade indicates.

I found this discrepancy by comparing the realized gains/losses against my trade activity.

I'm currently on the phone to sort this out, but man, I'm really tired of this shit with Merrill Edge.

I left Merrill and BOA years ago (2010s) for poor offering and high expense ratio index mutual funds. However, a lot has changed and isn't well talked about. I just discovered this weekend they offer Treasury Money market fund FSIXX. With high interest rate and no state taxes, this should be announced to every BOA customer.

Also, I have a lot of relatives who are legacy banking with BOA. It is a comfort zone thing and laziness. Told my Dad about FSIXX, and he switched right away on Thursday. We live in California.

Hi all! Has anyone set up a Solo 401K with Merrill Lynch? I got the RCMA account application, but the application seems to imply that I need to already have a trust set up & ready before I send in the RCMA application. I talked to an estate planning lawyer about setting up a trust, but he is trying to sell me the standard trust he sets up for all his clients to avoid having assets go through probate, which I don't need or want right now. Other places that offer solo 401K (Fidelity, mysolo401k.net, etc) seem to set up the trust as part of setting up the 401K account. Any help is greatly appreciated.

Have to say the ML has gotten worse and worse over the years. Their support people are so far removed from the decision makers that nothing can be done to help the customer.

I tried to create an external link to a credit union. Can’t do it because it MUST be a checking account. Then tried with my bank. They cancelled my request without notifying me. Reason outdated check on the request.

ML really does not care!