Merrill Trims Fees For Some Clients With Less Than $1M
Bank of America Merrill Lynch is moving to cut account maximum fees by nearly 20% for some clients. As part of its approach to the new DOL fiduciary standard, Merrill Lynch is set to end commissions in retirement accounts. Merrill Lynch said in January that its client account statements now break out fees for asset-management services and for products, such as…
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