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Merrill Lynch & Co. Review

Merrill Lynch & Co. has a long and storied history, but it's increasingly becoming clear that their services are outdated and inadequate for the modern investor. Is it time for Merrill Lynch & Co. to get with the times?

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Merrill Lynch & Co.

Overview

Merrill Lynch & Co., founded in 1915, is one of the world’s leading investment banking and financial services firms. They offer a wide range of services, including wealth management, asset management, private banking, and corporate and investment banking. Merrill Lynch & Co. is headquartered in New York City and is a subsidiary of Bank of America. They serve clients across the globe with offices in more than 40 countries.

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Founders

Merrill Lynch & Co. was founded by Charles E. Merrill and Edmund C. Lynch in 1915 as Merrill, Lynch & Co. The two men had worked together at a brokerage firm and decided to start their own firm. They quickly grew the business to become one of the largest brokerage firms in the United States.

Public Opinion

Merrill Lynch & Co. has a generally positive public opinion. Many people view them as a reliable and trustworthy financial partner. They are known for providing high quality advice and excellent customer service. However, there have been some complaints about their fees and lack of transparency in certain areas.

Newsworthy Events

In 2018, Merrill Lynch & Co. was fined $18 million by the Financial Industry Regulatory Authority (FINRA) for failing to properly supervise securities trading activities related to complex products such as reverse convertibles. In 2019, Merrill Lynch & Co was fined $5 million by the U.S. Securities and Exchange Commission (SEC) for misstating gains on certain investments from 2013 to 2017. In 2020, they were fined $30 million by the SEC for failing to disclose conflicts of interest in its research reports.