Merrill Edge

StockBrokers.com Announces Best of the Online Brokerage Industry for 2023

Retrieved on: 
Tuesday, January 24, 2023

StockBrokers.com , a leading media outlet covering the online brokerage industry for U.S. consumers, today launched its 13th annual stockbroker review and announced the winners of its annual awards, including best online trading platform, best mobile trading app and other features key to individual investors.

Key Points: 
  • StockBrokers.com , a leading media outlet covering the online brokerage industry for U.S. consumers, today launched its 13th annual stockbroker review and announced the winners of its annual awards, including best online trading platform, best mobile trading app and other features key to individual investors.
  • 1 Overall Broker, is longtime industry standout Fidelity Investments .
  • It’s a repeat win for Fidelity, which also took first place for innovation, best new tool and best order execution.
  • The 2023 Annual Review includes two new categories reflecting trends in online trading: best for sentiment investing, won by Interactive Brokers; and best for high net worth investors, where Merrill Edge took the trophy.

UPDATE: Zoe Financial Announces Its New Innovative Wealth Platform

Retrieved on: 
Wednesday, January 18, 2023

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Zoe Financial is the platform where affluent clients find, hire, and grow their wealth with trusted financial advisors.

Key Points: 
  • NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Zoe Financial is the platform where affluent clients find, hire, and grow their wealth with trusted financial advisors.
  • "The Zoe Wealth Platform enables clients to gain a greater understanding and control over their wealth," says Dillon Ferguson, Zoe's VP of Product.
  • " Advisors on the Zoe Wealth Platform have access to features like digital account opening, instant cash funding, and automated rebalancing.
  • Experience the future of wealth management with Zoe Financial and the Zoe Wealth Platform.

Zoe Financial Announces Its New Innovative Wealth Platform

Retrieved on: 
Wednesday, January 18, 2023

"The Zoe Wealth Platform enables clients to gain a greater understanding and control over their wealth," says Dillon Ferguson, Zoe's VP of Product.

Key Points: 
  • "The Zoe Wealth Platform enables clients to gain a greater understanding and control over their wealth," says Dillon Ferguson, Zoe's VP of Product.
  • " Advisors on the Zoe Wealth Platform have access to features like digital account opening, instant cash funding, and automated rebalancing.
  • At Zoe, Gaur spearheads the Investments group and creates financial tools for advisors and consumers to use through their Zoe experience.
  • Experience the future of wealth management with Zoe Financial and the Zoe Wealth Platform.

Bank of America's Erica® Tops 1 Billion Client Interactions, Now Nearly 1.5 Million Per Day

Retrieved on: 
Wednesday, October 12, 2022

CHARLOTTE, N.C., Oct. 12, 2022 /PRNewswire/ -- Erica, the most advanced and first widely available virtual financial assistant, has surpassed 1 billion interactions with Bank of America clients. The award-winning technology, powered by artificial intelligence (AI), officially launched in 2018 and has since helped nearly 32 million clients with their everyday financial needs.

Key Points: 
  • CHARLOTTE, N.C., Oct. 12, 2022 /PRNewswire/ -- Erica, the most advanced and first widely available virtual financial assistant, has surpassed 1 billion interactions with Bank of America clients.
  • The award-winning technology, powered by artificial intelligence (AI), officially launched in 2018 and has since helped nearly 32 million clients with their everyday financial needs.
  • More than 4 million proactive notifications about eligibility for Preferred Rewards have helped clients enroll in the program and enjoy the benefits.
  • Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services.

Digital Engagement Soars at Bank of America to More Than 10 Billion Logins, up 15% Year-Over-Year

Retrieved on: 
Thursday, February 17, 2022

CHARLOTTE, N.C., Feb. 17, 2022 /PRNewswire/ -- Bank of America added more than 2 million active digital clients last year, a single-year record, with its total number of verified digital users reaching more than 54 million. The bank's clients logged in to its digital platforms a record 10.5 billion times in 2021, a year-over-year increase of 15%.

Key Points: 
  • "Now more than ever, consumers and businesses depend on digital, and Bank of America continues to deliver efficient, safe and reliable digital financial solutions," said David Tyrie, Chief Digital Officer and Head of Global Marketing at Bank of America.
  • Small business digital sales are nearly 300% above pre-2020 levels, and digital sales account for nearly 50% of total sales.
  • Bank of America has also been recognized recently as the Best Digital Bank by The Digital Banker in the Retail Banking Innovation Awards, and No.
  • Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp.").

Wealth Management App User Experience Improves but Still Lags Other Industries, J.D. Power Finds

Retrieved on: 
Tuesday, November 23, 2021

Wealth Management Mobile App Satisfaction Study, released today, while these efforts are paying off in terms of greater utilization, improved engagement and higher overall customer satisfaction scores, wealth management still lags other industries when it comes to the overall app user experience.

Key Points: 
  • Wealth Management Mobile App Satisfaction Study, released today, while these efforts are paying off in terms of greater utilization, improved engagement and higher overall customer satisfaction scores, wealth management still lags other industries when it comes to the overall app user experience.
  • Wealth Management Mobile App Satisfaction Study (Graphic: Business Wire)
    The pace of customer adoption of mobile has accelerated dramatically across virtually every industry, and thats both an opportunity and a challenge for wealth management firms, said Michael Foy, senior director of wealth intelligence at J.D.
  • Wealth app customer satisfaction lags other financial apps: Despite increased customer satisfaction, overall customer satisfaction with wealth apps trails average app satisfaction scores in J.D.
  • Wealth Management Mobile App Satisfaction Study, visit
    To view the online press release, please visit http://www.jdpower.com/pr-id/2021161 .

Fidelity and Capital One Shine Among Financial Services, While Customers Bemoan Charles Schwab’s Online Investment Offerings, ACSI Data Show

Retrieved on: 
Tuesday, November 16, 2021

Following a dramatic downturn last year, customer satisfaction with the online investment category is steady at 78, while financial advisors rebound slightly, up 1.3% to a score of 78.

Key Points: 
  • Following a dramatic downturn last year, customer satisfaction with the online investment category is steady at 78, while financial advisors rebound slightly, up 1.3% to a score of 78.
  • Banks, in particular, are better positioned than most because of the industrys years of commitment to and investment in digital offerings.
  • Customer satisfaction with the group of smaller online investment firms is unchanged at 77, tying Edward Jones, up 1%.
  • Reported on a scale of 0 to 100, scores are based on data from interviews with roughly 500,000 customers annually.

Zoe Financial Announces Record Quarter Milestones

Retrieved on: 
Tuesday, November 2, 2021

NEW YORK, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Zoe Financial , a financial advice platform that connects consumers with vetted financial advisors, announced today noteworthy milestones reached during their third quarter of 2021.

Key Points: 
  • NEW YORK, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Zoe Financial , a financial advice platform that connects consumers with vetted financial advisors, announced today noteworthy milestones reached during their third quarter of 2021.
  • Zoe's new Director of Financial Planning, Christy Matzen, CFP, has experience creating financial planning strategies for executives of Fortune 500 companies, as well as training financial advisors.
  • In addition, their Financial Snapshot Tool now enables consumers to easily access a visual representation of their entire financial picture, as well as receive personalized insights when interviewing Zoe Network financial advisors.
  • The company's algorithm removes the friction from choosing a financial advisor, offering a technology-driven marketplace that provides matches based on your unique financial objectives and connects you with Zoe Certified Financial Advisors across the United States.

2020 Insights on Bank of America Wealth Management - Competitor Profile - ResearchAndMarkets.com

Retrieved on: 
Monday, April 6, 2020

The "Bank of America Wealth Management - Competitor Profile" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Bank of America Wealth Management - Competitor Profile" company profile has been added to ResearchAndMarkets.com's offering.
  • Bank of America operates through four business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.
  • The wealth management units Merrill Lynch and Bank of America Private Bank (formerly U.S. Trust) sit within the GWIM division.
  • Through the Merrill Lynch Wealth Management, Bank of America Private Bank, and Merrill Edge brands, Bank of America serves all customer segments, from HNW and UHNW investors and wealthy families to the mass affluent and retail markets.

Bank of America Expands Unlimited Zero-Dollar Trades to All Merrill Edge Self-Directed Clients

Retrieved on: 
Monday, December 9, 2019

Merrill optimizes and continuously monitors trades and does not accept payment for order flow.

Key Points: 
  • Merrill optimizes and continuously monitors trades and does not accept payment for order flow.
  • Rewarding relationships With more than 6 million members, Preferred Rewards is the first no-fee program of its kind that recognizes and rewards clients for choosing to do more across their Bank of America and Merrill accounts.
  • Clients can easily manage and transfer funds between their Bank of America banking and Merrill investment accounts in real time and with a single login.
  • Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.