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  • Jan 03
  • Investment Brokerage
  • Ashburn, Virginia
  • Fees
  • 49
  • REVIEW RATING 3/5

They have the highest fees ( if you can actually find the real number) at about 2.7% with the lowest returns . I think they were a little better before the BOA acquisition but overall dismal performance. They don't even come close to matching the S&P or DOW on their average equity portfolio. I fired them last year and am glad I did. I know do it myself and use index funds from Vanguard and... Read more

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  • Dec 27, 2014
  • Financial Services - Consulting, Marketing
  • Fort Myers, Florida
  • Investment Account
  • 43
  • REVIEW RATING 4/5

High fees. .43 percent performance for 2014! Then a 15 minute explanation telling you how good 2014 was for you. Glad they didn't send out packet and transfer my last 4000.00 into their programs . I invested it myself and got 8.37 per cent returns without their So called expertise. Hopin things would get better after the 6 month review and reallocation of funds in July ,Their lackluster... Read more

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  • Oct 12, 2014
  • Financial Services - Consulting, Marketing
  • College Place, Washington
  • Retirement Account
  • 96
  • REVIEW RATING 4/5

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, 2014
  • Financial Services - Consulting, Marketing
  • Absecon, New Jersey
  • Late Fee Payment
  • 1
  • 1
  • 202
  • REVIEW RATING 4/5

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, 2014
  • Financial Services - Consulting, Marketing
  • Financial Processes
  • 93
  • REVIEW RATING 4/5

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, 2014
  • Investment Brokerage
  • Austin, Texas
  • Account Cancellation
  • 182
  • REVIEW RATING 5/5

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, 2014
  • Investment Brokerage
  • Philadelphia, Pennsylvania
  • Withdrawal Fee
  • 1
  • 1
  • 181
  • REVIEW RATING 4/5

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
  • 393
  • REVIEW RATING 5/5

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
  • 202
  • REVIEW RATING 4/5

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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