Merrill Lynch Complaints and Reviews

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Merrill Lynch
Main address: 222 Broadway; 17th floor 10038 New York NY
1-800-MERRILL (637-7455), ,
  • 15+1 mobile complaints
  • $46.8K claimed losses
  • $2.9K average
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  • Oct 12
  • Financial Services - Consulting, Marketing
  • College Place, Washington
  • Retirement Account
  • 50

My daughter had power of attorney with my retirement acct. At merrill lynch. She took over 14, 000:dollars. She hss since been fired but they have not retrned my money. I live on Ssdi and have no other money. They obviously know what she did but won't respind to a letter of demand, send by a local attorney. I had one shot at gettingg my money back.any ideas? I can't afford another legal fee. The... Read more

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  • Sep 15
  • Financial Services - Consulting, Marketing
  • Absecon, New Jersey
  • Late Fee Payment
  • 1
  • 1
  • 117

We are pulling all of our money out of Merrill Lynch. The so called financial advisory aspect is non existant. We tried to get $50,000 out of our $750,000 account and was told *funds were not available*, had to pay late fees on our bills, because the manager gave our account to his new assistant. Beware.. stay away from Merrill Lynch... your hard earned money will be in THEIR pockets! We had 1.4... Read more

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  • Aug 08
  • Financial Services - Consulting, Marketing
  • Financial Processes
  • 64

Just wanted to close a college savings plan and have the funds mailed to us. It's been 2 months. Okay if your building a highway or performing open heart surgery then yes please do it right and take your time. But umm when you are just typing some information in a few fields and clicking save and then print, come on. I understand I'm am not the only customer. But 2 months and people are at work 8... Read more

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  • Jul 12
  • Investment Brokerage
  • Austin, Texas
  • Account Cancellation
  • 133

ML is a joke. I should have done more research on them before opening several IRAs with them. Over the 3 years I was with them, they did nothing but lose money for me and invest in some really bad investments. I also got fleeced with fees left and right. I would have more money right now if I had just stuck the money under my mattress. I am not too mad about the investments, as I know you... Read more

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Meryll Lynch will not let you touch your own money, wish I'd never done business with the company, even emergencies they find a reason to decline your getting your own money Add comment


  • Mar 15
  • Investment Brokerage
  • Philadelphia, Pennsylvania
  • Withdrawal Fee
  • 1
  • 1
  • 133

Merrill Lynch manager, Joe Gualtieri, in Philadelphia sent me a letter with no explanation why he was liquidating my retirement investments. I contacted him and my financial advisor to be told by the advisor, he did not know why and Joe did not return my calls. When a letter was requested to explain why, none was sent. This had been a 5 year association with trust on my part. Now I am facing a... Read more

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  • Nov 20, 2013
  • Financial Services - Consulting, Marketing
  • Detroit, Michigan
  • Investment Account
  • 274

On November 5, 2013 I setup to do a total withdrawal from my 401k account after leaving my employer two weeks prior and paid for overnight delivery to my address in Michigan. I was told it could take up to 5 days to process, so on Monday November 18, 2013 I called the 1-800 number to get my tracking number and looked up the status. UPS had successfully delivered my check to an address in Florida... Read more

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  • Aug 12, 2013
  • Financial Services - Consulting, Marketing
  • Trust Management
  • 163

My siblings and I agreed to move our grandmother's trust from a bank to Merrill Lynch. Big Mistake. This was a trust which was created by my grandmother in the 1960s with the idea that my mother would get the income and the grandchildren would get the capital.--- and one of the main parts of the trust document was to "preserve capital". This did NOT happen. During the time ML managed the trust... Read more

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  • Jul 10, 2013
  • Finances
  • Chicago, Illinois
  • Trust And Service
  • 109

They say it's just a standard form. It is for them. The fees are high, They are always in trouble , so to get my money out, they want an onerous release from me , for any past and future fault. No additional accounting or verification from them. No affirmation that they have done their job , that fees have been properly applied. They are holding my money hostage until I agree that they have done... Read more

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  • May 20, 2013
  • Financial Services - Consulting, Marketing
  • Princeton, New Jersey
  • Ira Mortgage
  • 100

My initial financial advisor seemed fine. He recommended their mortgage group because I might get a discounted interest rate since I'm a customer with a smaller IRA. What he didn't tell me was that I'd be hung up on after going over the pre-approval application, that the mortgage loan officer would never call me back, that I'd deal with 3-4 incompetent people in their "concierge" call center... Read more

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