Merrill Launches New Services to Support Portfolio Transitions and Systematic Cash Investing
Merrill, Bank of America's wealth management arm, launched two new advisory services — the Tax Efficient Transition Service (TET) and the Dollar Cost Averaging Service (DCA) — delivered through the Merrill Lynch Investment Advisory Program. TET helps clients with appreciated securities transition gradually into managed strategies while managing capital gains realization, and DCA deploys client cash into managed strategies on a client-selected schedule to reduce market-timing and volatility risk. Both services are optional, carry no additional IAP program fees, and are implemented by Managed Account Advisors LLC, Merrill's centralized overlay portfolio manager.
Key figures
- Atms
- approximately 15,000
- Bac clients
- more than 69 million
- Verified digital users
- approximately 60 million
- Retail financial centers
- approximately 3,500
- Additional iap program fees
- none
- Small business households served
- approximately 4 million
AI analysis
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