Merrill Lynch ACAT fee for full, partial, IRA assets, brokerage account transfer out. Merrill Edge transfer fee.

Merrill Lynch Advisory ACAT Fees

AccountACAT Fee
IRA, IRRA, Roth, SEP, SIMPLE, BASIC (not charged in addition to the closeout fee) $75
HSA $50
Closeout fee for IRA, IRRA, ROTH, SEP, SIMPLE, BASIC $75

Merrill Edge ACAT Fees

Merrill Edge's ACAT fee is $49.95 for a full account transfer. Partial account transfers are no charge.

Merrill Lynch Overview

Merrill Edge does not charge setup or annual fees for its brokerage accounts. There is no inactivity fee and no initial deposit requires to open an account either.

Merrill Edge clearly lists all account fees and commissions on its website. Account holders can expect no hidden fees from the broker.

One drawback as far as fees are concerned is the $49.95 fee to cancel a Merrill Lynch IRA account. This is an area where Merrill Edge is more expensive than, for instance, Webull, which is one of the best IRA providers among major brokerage firms.

At Merrill Edge, mutual fund, stocks and ETFs, fixed income and bond screeners are available to help simplify the process of choosing assets. Nearly 4,000 mutual funds, and 4,213 bonds are available through the broker. However, this selection is not even close to number of funds offered through TD Ameritrade (13,000).

Account holders with over $20,000 in balance qualify for the Merrill Edge Select® Portfolios for a flat 1% annual fee. The optional service is designed to provide professional investment guidance in building and maintaining portfolio according to clients' needs and investment goals.

Merrill Lynch Margin Rates

Merrill Edge Tools

Merrill Edge's trading tools are mediocre compared to the strongest competitors. Beginners and less active investors will find broker's web-based platform easy to use. The advanced trading platform is available to active traders.

Merrill Edge performs well when it comes to investments research. It offers research amenities from Morningstar, S&P Capital IQ and Recognia along with BofA Merrill Lynch Global Research. It is still fewer research providers than at some competitors - there are 13 sources at Fidelity Investments and TD Ameritrade.


With clear flat-rate fees and a decent selection of investments, Merrill Edge offers good IRA accounts to individual consumers and small businesses.

Continue Reading