Merrill Lynch

40 ratings (39 Epinions reviews)
Epinions Product Rating: OK
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    Highest Rated Consumer Review by the Community

  • A Blueprint for the Beginning Investor

    Mar 16, 2000 by
    Rated a Very Helpful Review
    Pros: low initial investment, low transaction costs, systematic investment
    Cons: must be able to invest regularly

    Summary: If you are just beginning to try your hand at investing in the stock market, or an individual investor with limited funds for making stock purchases, then Merrill Lynch's Blueprint Systematic Investment Plan may be just what you are looking for. ... read more

  • FEES MAKE MERRILL LYNCH RICH -- & CONS OF TRUST MANAGEMENT BY THEM

    Mar 28, 2012 by
    Not yet rated.
    Pros: There are none that I can think of
    Cons: I have written all those above.

    Summary: My siblings and I transferred our grandmother's trust, a generation skipping trust,  to be administered by Merrill Lynch until the death of my mother.   However after making this decision, ----  I would NEVER recommend their service ... read more

  • Money pit

    Feb 1, 2010 by
    Not yet rated.
    Pros: Helpful staff
    Cons: Excessive fees & poor performance- a losing combination.

    Summary: My experience has been poor due to the excessive fees for the losses in my investment over the last year plus. My Granddad opened my account for me shortly after I was born in 1987. I used some of the money from my diversity account to pay for part of my ... read more

  • Merrill Lynch Grinch

    Dec 31, 2006 by
    Rated a Very Helpful Review
    Pros: The Merrill Lynch Blueprint plan was a good account, but it does not exist anymore.
    Cons: The ML Direct Account customer service is subpar and the account has too many fees.

    Summary: I had a mutual fund with Merrill Lynch's Blueprint plan for 30 yrs.--a gift from my grandparents. I never had any problems. This December, I received notice from ML that they were doing away with this particular program. The letter stated that I had ... read more

  • How to lose 50% of your money! Consistently!

    Dec 28, 2006 by
    Rated a Helpful Review
    Pros: None
    Cons: Too many to list!

    Summary: I initially invested in Merrill Lynch accounts a number of years ago. We had saved some money and I thought it would be wise to let a professional handle it to maximize my return. Our Merrill representative then recommended a fund the company was ... read more

  • Adios, Merrill

    Nov 23, 2002 by
    Rated a Helpful Review
    Pros: Reputation
    Cons: Total lack of interest/service for the "small" customer.

    Summary: I've been a Merrill Lynch customer since 1989. In the beginning the service I received was good and fair. However, in the past 2 years I've had my account moved twice from a branch office to their "national service center" with not even so much as a ... read more

  • Run - don't walk

    Sep 29, 2002 by
    Rated a Helpful Review
    Pros: None that I can think of - perhaps that I finally left!
    Cons: Commission structure is extremely slanted to greatly enhance the broker's income - not the investors!

    Summary: Stay away from ML - since the law firm accepted my case on a contingency basis I have heard over and over how many people have been damaged badly with ML. The broker arrived at my home 18 days after my mother's death. He knew our family well and was ... read more

  • Too Big, Indifferent, and lack of honesty

    Jul 6, 2002 by
    Rated a Helpful Review
    Pros: WCMA features sound good on paper
    Cons: One month later it still isn't working

    Summary: I met in person in one of their larger offices to set up a WCMA account for my business. This Working Capital (sic) account is purported to integrate other outside bank accounts, ML brokerage, payroll, and checking and retirement accounts. It has been 6 ... read more

  • Big Mistake

    May 22, 2002 by
    Rated a Helpful Review
    Pros: The brokers are friendly
    Cons: high fees, poor advice, questionable integrity

    Summary: I opened a Merrill Lynch CMA account about 5 years ago, and have lost money ever since, Iím sure I would have received better returns stuffing money under my mattress. The financial advice was inexcusably bad. Every fund my broker recommended ... read more

  • Merrill Lynch DIRECT - Be Careful About What They Don't Tell You!

    Feb 20, 2002 by
    Rated a Very Helpful Review
    Pros: Operates efficiently; trade confirms stored on-line and can be printed easily
    Cons: Poor executions; cash management vehicle low yield; no paper confirms available

    Summary: Merrill Lynch DIRECT is the online offering of the big brokerage firm. It is designed for do-it-yourself investors who don't need the hand holding of a commission broker. HEADLINES IN THE WALL STREET JOURNAL There was intense press ... read more

  • Merrill Lynch Brings it Together

    Jul 20, 2001 by
    Rated a Very Helpful Review
    Pros: Versatile, Full Service, Banking & Brokerage Services
    Cons: Can be pricey

    Summary: A few years ago I started searching for a replacement to CitiBank who was handling my investment and cash accounts. After interviewing several brokers, I chose ML because of their vast scope of services and their web site. Their people are friendly, ... read more

  • THank goodness there are other brokerage firms around.

    May 9, 2001 by
    Rated a Very Helpful Review
    Pros: Can't think of any.
    Cons: Very disorganized, lacking in service, attitude.

    Summary: It is hard for me to understand how Merrill Lynch can stay in business given the competition. My experience with the local branch was negative to say the least. Not only were they slow and non-responsive, but I could not elicit any information out of ... read more

  • MY 401 kplan

    May 2, 2001 by
    Rated a Very Helpful Review
    Pros: A good way to save for your retirement
    Cons: when you take your 401 k there is a 30% tax

    Summary: I would like to tell you why I like Merrill Lynch and why not. When I started at my new job I did not know I could start retirement early. The only thing to I have it taken out of my paycheck into a account called a 401 plan for those ... read more

  • Merrill Lynch is Not for the Individual Investor

    Apr 19, 2001 by
    Rated a Very Helpful Review
    Pros: Well established market mover in the financial community
    Cons: Focuses on big money, not individual investors

    Summary: I opened my Merrill Lynch brokerage account in January of 1997. I was happy with my financial consultant for a couple of years. Moving around with the military caused me to have to change my FC, and as the years progressed, my customer service ... read more

  • Merrill First and Only Broker since 1988

    Jan 5, 2001 by
    Rated a Very Helpful Review
    Pros: Same Financial Consultant for 13 years
    Cons: Occaisional loss in bad year

    Summary: I have been with the Bloomfield Hills, Michigan branch of Merrill Lynch since 1988 when I first inherited some money. Throughout the years, Merrill has mad a number of suggestions which have been wonderful. For example, I invested in GE in 1988 ... read more

  • Let's hope they are better now.

    Dec 28, 2000 by
    Rated a Very Helpful Review
    Pros: They got me started
    Cons: Rude, expensive, even a little spooky

    Summary: My very first experience with the stock market was a program for automatically buying company stock through payroll deduction. This was done with Merrill as broker. I had no prior experience with which to judge their service. As the deductions were ... read more

  • The Bull Logo SAYS it all!

    Dec 27, 2000 by
    Rated a Very Helpful Review
    Pros: ZZZZEro
    Cons: They are a 600 lb gorilla!

    Summary: I was not going to write this since I thought it would sound to individual to me only, but after reading others similar experiences I figured it is not just a mere coincidence. Rather than being accused of exaggerration I will tell you how it happened on ... read more

  • Overpay for lack of service

    Nov 3, 2000 by
    Rated a Very Helpful Review
    Pros: Huge research capability, many services
    Cons: Higher cost, less personal service

    Summary: About five years ago I decided to get aggressive about savings and established a number of different retirement and brokerage accounts with Merrill Lynch thinking that a well-established, full-service firm would be a no-brainer. I needed educating and ... read more

  • Wanna Make Money Choose ML

    Aug 21, 2000 by
    Rated a Helpful Review
    Pros: Everything
    Cons: None

    Summary: For many years my money sat in a account with Paine Webber. My money was going no where but side ways. I would only speak to my counselor only once or twice per year. The only contact i would have ws through my monthly statements. Then about 3 years ago ... read more

  • best firm around

    Aug 11, 2000 by
    Rated a Helpful Review
    Pros: unmatchable service
    Cons: none!

    Summary: For the past 4 years i have been dealing with merrill lynch for all of my financial activities. So far in my experiences they have proven over and over to be the best brokerage around. Their time spent on your individual portfolio and needs are ... read more

  • How Merrill Lynch Ripped Me Off

    Jul 16, 2000 by
    Rated a Very Helpful Review
    Pros: I got out at $2 when it could have been worse
    Cons: too many to list

    Summary: My experience with Merrill Lynch reminds me of a line from "Animal House" where, after destroying Flounder's brother's Lincoln Continental, fifth year senior Otter utters the famous line: "You f*cked up - you trusted us". The ... read more

Showing 1-20 of 39 reviews
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