Merrill Edge under 18

Merrill Edge Age Requirement. How Old Do You Have To Be To Open a Merrill Edge Account in 2022


Merrill Edge age limit. How old do you have to be to open an investment or IRA account at Merrill Edge brokerage in 2022? Merrill Edge account for under 18 years old.


Minimum Age to Open a Merrill Edge Account


The minimum age to open a brokerage account at Merrill Edge is 18. The firm does not permit minors under that age to open accounts.

However, there are other brokerage firms out there that do offer custodial accounts, and these are great alternatives to a regular brokerage account. The most popular of these brokers is TD Ameritrade. Learn more about the TD Ameritrade custodial account.


TD Ameritrade Website



Open TD Ameritrade Account

Merrill Edge Overview


The Merrill Lynch is a subsidiary of Bank of America. The process for opening a new account and getting it funded is simple and painless, requiring only about ten minutes of time. Rolling over an existing IRA from another institution is also straightforward, but takes a few more steps than simply opening a new account. With no minimum balance requirements and no annual fees for account management, this IRA provides an effective means of retirement investing.

The experience of using a Merrill Lynch IRA couldn’t be more simple. There are three steps which are followed to set up the account and begin the actual investing:

1. Open the account by either visiting their website or calling them at 1-888-637-3343 (a 24 hour, 7 day a week phone service).

2. Fund the account through a transfer from an eligible Bank of America account (this is by far the easiest method, provided you already use Bank of America), a wire transfer, a rollover from an existing IRA, or via check.

3. Begin investing. When you first open your account you will be provided links to your portfolio, a list of recommended investments (all Merrill Edge or Bank of America managed), and the Financial Learning Center (which provides information about strategy and portfolio design).

Using the IRA could not be easier. They have a comprehensive user interface which allows for quick viewing of portfolios and the management of investments. If the user has Bank of America accounts already, they can easily transfer money into and out of accounts from that interface. When logged into a Bank of America account that has been linked to Merrill Lynch, the Merrill Lynch accounts that are linked will appear on the Bank of America account overview display and will allow for easy switching between interfaces.


Merrill Edge Hidden Fees


When utilizing this IRA, you will have access to stocks, mutual funds, exchange-traded funds, and fixed-income/bonds. For more experienced traders, there are options trades which are available as well. Annuities can be added to the account for a more stabilized retirement income. There are some people who will come to the account looking for simple investing options. For those individuals, Bank of America and Merrill Lynch have four main options available:

  • BofAML US 1 List
  • Merrill Edge Select Funds
  • Merrill Edge Select ETFs
  • Merrill Edge Select Portfolios

With all four of these options, and investment professional or analyst has reviewed the investments contained within and has selected the investments which will lead to continued and diversified growth over time.


Merrill Edge


Recommended Articles


Merrill Edge crypto trading
Merrill Edge account closing fee
Merrill Edge offer code


Merrill Edge IRAs


Bank of America offers a few options for an IRA account. Below we will talk about their most popular retirement solution, a discount brokerage service that goes by the name Merrill Edge. Merrill Lynch created this self-directed investing arm in an effort to compete with large companies in online stock brokers list. For customers who prefer to do their own investing, Merrill Edge makes it as easy and convenient.

After opening an IRA account at Merrill Edge and signing in into their account, users have access to a number of research and trading tools. Here is a short list:

- Stock screener examines thousands of stocks to determine their suitability as investments based on parameters set by the user

- Customizable charts let users know how their stocks are performing in real time

- Up-to-date information from third-party investment research firms such as Standard & Poor's and Morningstar

- Financial comparison tools rank securities based on earnings, growth, ratings, and fundamentals

- Company profiles give members all the information they need about a stock on a single page

- Educational resources help traders of all skill levels learn or review the basics of investing


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.