From your very first meeting with a Merrill Lynch financial advisor, it will be clear that this is a relationship that revolves around you – focused on your life, priorities and values. You won’t be talking about the markets or returns but rather, your goals and concerns.
Then, through our proprietary process, we’ll design a clear strategy combining your goals and risk tolerance.
But that’s really just the beginning. After all, life moves fast, goals change and investing is always evolving. You’ll have an advisor to help guide you, making adjustments whenever needed and keeping you on track.
The first step is to get to know you, your feelings toward investing and financial situation.
Experience allows your advisor to build a unique strategy based on your needs.
Your advisor will help guide you, making adjustments as your needs change.
You'll start with an in-depth, face-to-face meeting with one of our highly-credentialed advisors.
We've categorized people's goals into seven life priorities. Your advisor will talk to you about them to get a sense of what's most important to you.
Rollover each one for some interesting facts to consider.
Upsizing, downsizing or buying a vacation home.
of first-time millennial homebuyers expect some kind of assistance from their parents1
Managing healthcare expenses, now and in the future.
of pre-retirees say future medical costs are their greatest financial concern.1
Taking care of family and other people in your life.
of parents expect one of their adult children to be long-term caretakers.1
Spending your free time in meaningful ways.
hours of leisure per day.1
Volunteering, mentoring others and giving to charities.
of retirees define success in retirement as being generous rather than wealthy.1
Working in retirement, selling or starting a business.
of pre-retirees plan to work in retirement.1
Bringing it all together and defining your financial goals.
want to save enough for financial peace of mind.1
create a strategy that’s uniquely yours, your advisor will
learn about your investing mindset, approach and purpose.
Your feelings about risk and complexity can help establish the right level of risk exposure.
You’ll discuss accessibility of your assets and your desired level of involvement.
A focus on essential spending needs as well as family and community-related goals.
advisor will integrate your goals with tactical considerations
our Discovery Apps covering a variety of topics.
You and your advisor will determine which of these tools are right for you.
Taking benefits early can have an impact on Social Security.
Potential out-of-pocket healthcare expenses now and in retirement.
The impact that income, inflation and life expectancy can have on retirement.
A trust can help address goals like protecting assets and providing for family.
The risk of experiencing poor market returns early in retirement.
Opportunities and challenges that come with living longer in retirement.
Next, with the expertise of our Chief Investment Office, your advisor will provide a clear and informed point of view and strategies based on your needs – designing an approach that you’re comfortable with.
You and your advisor will talk about which of your goals are realistic and the trade-offs you may need to make. This allows your advisor to present a proposal to set you on track to meet your goals.
Here’s how we categorize your goals.
Next, your advisor will share a Portfolio Snapshot.
Once you have a strategy in place, it’s time to execute a plan. With a wide array of solutions, your advisor will help you find the right ones based on your needs.
Here are a few examples.3
Married, with 18-month-old
56-year-old advertising executive
Divorced with a teenager and caring for her mom. 5 years away from retirement
Widow with 6 grandchildren
Wealth management is an ongoing process. You’ll meet with your advisor often and have in-depth annual reviews, one-on-one. You can and should revisit your goals often, course correcting as needed.
Life changes and so do your goals.
Your advisor will be with you every step of the way.
"My client was settling comfortably into her retirement when her son got sick. Since we had established a rainy-day fund, she was able to help him while fulfilling her retirement plans."
MyMerrill allows you to stay up-to-date on your investments and monitor all your Merrill Lynch investing and Bank of America banking activity online or on our app.
We’ll discuss liabilities, cash flow and, most importantly, fees to make sure you’re comfortable before we start any work. And they’re clear in your monthly balance sheets.
Then we can provide you with relevant answers.Get started