Merrill Lynch (now Merrill)
Merrill Lynch is an investing and wealth management firm under the wing (parent organization) of Bank of America. The company was first founded by Charles Merrill in 1914 in New York, New York. Currently the firm has 14, 796 financial advisors with an annual revenues of $15.9 billion. The firm has a variety of divisions:
- Merrill Lynch Wealth Management
- Merrill Private Wealth Management
- Merrill Guided Investing
- Merrill Edge
Merrill started out as Merrill Lynch & Co., Inc. that traded on the NYSE as MER. Merrill Lynch was acquired by the Bank of America in 2008. Merrill Lynch & Co., merged into the Bank of America Corp in 2013. Some Bank of America subsidiaries carried the Merrill Lynch name (including broker/dealer Merrill Lynch, Pierce, Fenner & Smith). The Bank of America re-branded the unit to Merrill in 2019.