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callout-container__aligment--left "> <h1 class="callout-container__headline"> Important information about your choices and our relationship</h1> <div class="callout-container__text"> <p>We believe that the better informed you are, the better decisions you can make about what's right for you.</p> </div> </div> </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <div class="article-container__content" data-anchor="#rightrail_472726598"> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>You have choices in how we work together, including how you receive advice, manage your account and pay for our services. Your advisor works with you to build a personalized approach to your investments based on your financial situation, preferences and goals. Your investment strategy can be implemented through an investment advisory account, brokerage account, or a combination of both.</p> <p> </p> <p>We provide key resources and information to help you make informed decisions about your investments, taking into account the types of relationships you can have with us. You can review the applicable materials below to help you understand your options and how we charge for advice, services and solutions, and discuss them with your advisor.</p> </div></div> <div class="aem-wrap--background-container section"> <section class="background-container background-container--full-bleed "> <div class="background-container__section background-container--paddings-small-top " style=" "> <div class="background-container__wrapper " style="max-width:780px;"> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p><span class="font-light" style="font-size: 32.0px;letter-spacing: 0;">The Client Relationship Summary</span></p> <p>The <a href="https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/Client_Relationship_Summary_CRS.pdf" target="_blank">Client Relationship Summary</a> (Form CRS) provides an overview of the types of services you receive.</p> <p> </p> </div></div> <div class="aem-wrap--tile-container section"> <div id="tile_container_333473700" class="tile-container tile-containerLayout--iconblock js-tile-container" data-cmp="tileContainer"> <ul class="tile-container__columns tile-container__columns--2 " data-variant="iconblock"> <li class="tile-container__item tile-container--iconblock"> <div class="tile-container__tile " style="background-color:;"> <div class="tile-container__tile__icon-container"> <img class="tile-container__tile__icon" src="/content/dam/ML/solutions/redesign/understanding-our-services-and-fees-when-you-work-with-an-advisor/Icon_Team.png" style="max-height:40px; height: auto; width:auto;"/> </div> <div class="tile-container__tile__content tile-container__tile__content--center"> <div class="tile-container__tile__eyebrow "> </div> <div class="tile-container__tile__text js-rte-tagging"><div style="padding-top: 17.0px;"><p><span class="font-medium">Our Relationship</span></p> <div style="padding-top: 13.0px;text-align: center;">Information about fees, costs and conflicts of interest, and provides you with information about us and our relationship</div> </div> </div> </div> </div> </li> <li class="tile-container__item tile-container--iconblock"> <div class="tile-container__tile " style="background-color:;"> <div class="tile-container__tile__icon-container"> <img class="tile-container__tile__icon" src="/content/dam/ML/solutions/redesign/understanding-our-services-and-fees-when-you-work-with-an-advisor/Icon_Investing.png" style="max-height:40px; height: auto; width:auto;"/> </div> <div class="tile-container__tile__content tile-container__tile__content--center"> <div class="tile-container__tile__eyebrow "> </div> <div class="tile-container__tile__text js-rte-tagging"><div style="padding-top: 17.0px;"><p><span class="font-medium">Our Offerings</span></p> <div style="padding-top: 13.0px;text-align: center;">Summary of our brokerage and investment advisory programs and offerings</div> </div> </div> </div> </div> </li> </ul> </div> </div> </div> </div> </section> </div> <div class="aem-wrap--positioning-container section"> <div id="positioning_container_693426887" class="positioning-container positioning-container--full "> <div class="positioning-container__wrapper"> <div class="aem-wrap--background-container section"> <section class="background-container background-container--full-bleed "> <div class="background-container__section background-container--paddings-small transparent-bg" style=" "> <div class="background-container__wrapper " style="max-width:770px;"> <div class="aem-wrap--header section"> <div class="header "> <h3 class="header__heading headline--md ">Information about each type of relationship</h3> </div> </div> <div class="aem-wrap--table section"> <div class="table js-table" data-cmp="table"> <div class="table__wrapper"> <table class="gray left "> <caption></caption> <thead> <tr class="row table__head"> <th scope="col" class="mobile-hidden" id="row-headers"> <div class="table__column-header-bottom"> </div> </th> <th scope="col" id="Investment-advisory-services"> <div class="table__column-header headline--md black-color"> <br/>Investment advisory services<b></b> </div> <div class="table__column-header-bottom"> </div> </th> <th scope="col" id="Brokerage-services"> <div class="table__column-header headline--md black-color"> Brokerage services </div> <div class="table__column-header-bottom"> </div> </th> </tr> </thead> <tr class="row table__body odd mobile-visible"> <th colspan="2"> <div class="table__row-header headline--xsm dark-blue-color"> What type of services do I receive? </div> <div> </div> </th> </tr> <tr class="row table__body odd"> <th class="mobile-hidden" scope="row"> <div class="table__row-header headline--xsm dark-blue-color"> What type of services do I receive? </div> <div> </div> </th> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>Advice and guidance and ongoing monitoring of your investments, trade execution, and other advisory services</p> </div></div> </td> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>Access to investment recommendations, trade execution and research</p> </div></div> </td> </tr> <tr class="row table__body even mobile-visible"> <th colspan="2"> <div class="table__row-header headline--xsm dark-blue-color"> Who makes the investment decisions? </div> <div> </div> </th> </tr> <tr class="row table__body "> <th class="mobile-hidden" scope="row"> <div class="table__row-header headline--xsm dark-blue-color"> Who makes the investment decisions? </div> <div> </div> </th> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>Choice of whether you or your advisor manage the day-to-day investment decisions</p> </div></div> </td> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>You manage the day-to-day investment decisions and control trade authorizations</p> </div></div> </td> </tr> <tr class="row table__body odd mobile-visible"> <th colspan="2"> <div class="table__row-header headline--xsm dark-blue-color"> How do I pay for these services? </div> <div> </div> </th> </tr> <tr class="row table__body odd"> <th class="mobile-hidden" scope="row"> <div class="table__row-header headline--xsm dark-blue-color"> How do I pay for these services? </div> <div> </div> </th> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>An annual fee based on a percentage of the assets in your account</p> </div></div> </td> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>Fees based on individual transactions and/or other sales charges</p> </div></div> </td> </tr> <tr class="row table__body even mobile-visible"> <th colspan="2"> <div class="table__row-header headline--xsm dark-blue-color"> Where do I find more information? </div> <div> </div> </th> </tr> <tr class="row table__body "> <th class="mobile-hidden" scope="row"> <div class="table__row-header headline--xsm dark-blue-color"> Where do I find more information? </div> <div> </div> </th> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p><a href="https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/mliap-wrap-fee-program-brochure-adv2a.pdf" target="_blank">Merrill Lynch Investment Advisory Program Brochure</a></p> <p> </p> <p><a href="https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/form-crs-mliap-retail-programs-services-agreement.pdf" target="_blank">Merrill Lynch Investment Advisory Program Agreement (sample)</a></p> </div></div> </td> <td> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p><a href="https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/Regulation-Best-Interest-Disclosure-Statement_RBIDISC.pdf" target="_blank">Best Interest Disclosure Statement</a></p> <p> </p> <p><a href="https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/ClientRelationshipAgreement.pdf" target="_blank">Client Relationship Agreement (sample)</a></p> </div></div> </td> </tr> </table> </div> </div> </div> </div> </div> </section> </div> </div> </div></div> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p>We also make available to certain clients the <a href="/content/dam/ML/pdfs/SPA-ADV.PDF" target="_blank">Strategic Portfolio Advisor Service (SPA)</a> and <a href="/content/dam/ML/pdfs/MAS-ADV.PDF" target="_blank">Managed Account Service (MAS)</a> investment advisory programs for certain investment situations. These programs provide access to certain investment strategies offered by a third-party investment manager under a separate agreement. Copies of the program disclosures and client agreements can be obtained from your Advisor if eligible.</p> <p> </p> <p>Depending on your needs, you can also choose investment advisory services available through an online, interactive website, either on a self-guided basis or with assistance from Financial Solutions Advisors. These programs include <a href="https://olui2.fs.ml.com/publish/content/application/pdf/gwmol/guided-investing-program-brochure.pdf" target="_blank">Merrill Guided Investing with Advisor</a>, <a href="https://olui2.fs.ml.com/publish/content/application/pdf/gwmol/merrill-edge-guided-investing-program-brochure.pdf" target="_blank">Merrill Guided Investing</a> and <a href="https://olui2.fs.ml.com/publish/content/application/pdf/gwmol/me_advisory_account_disclosure_form_adv_2a.pdf" target="_blank">Merrill Edge Advisory Account (MEAA)</a>.</p> <p> </p> </div></div> <div class="aem-wrap--check-list section"> <div class="checkList checkList__checkListItems--left" data-cmp="checkList"> <h2>Helpful resources</h2> <span> <p><b>Account options and cash management and lending services</b></p> <p> </p> </span> <ul class="checkList__checkListItems"> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/summary-programs-services.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_summary-of-programs-services" target="_blank" aria-label="Summary of Programs & Services"> <span>Summary of Programs & Services</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/CashManagementAccountCMADisclosuresandAccountAgreement.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_cma-financial-service-cash-management-account-disclosures" target="_blank" aria-label="CMA® Financial Service Cash Management Account® Disclosures"> <span>CMA® Financial Service Cash Management Account® Disclosures</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/Merrill-Account-Types.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_list-of-account-types" target="_blank" aria-label="List of Account Types"> <span>List of Account Types</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/Sweep-Program.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_sweep-program-guide" target="_blank" aria-label="Sweep Program Guide"> <span>Sweep Program Guide</span> </a> </li> </ul> </div></div> <div class="aem-wrap--check-list section"> <div class="checkList checkList__checkListItems--left" data-cmp="checkList"> <span> <p><b>Fees</b></p> <p> </p> </span> <ul class="checkList__checkListItems"> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/pricing-investment-solutions.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_explanation-of-fees" target="_blank" aria-label="Explanation of Fees"> <span>Explanation of Fees</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="/content/dam/ML/pdfs/ML_Web_Fee_Schedule.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_merrill-schedule-of-miscellaneous-account-service-fees" target="_blank" aria-label="Merrill Schedule of Miscellaneous Account & Service Fees"> <span>Merrill Schedule of Miscellaneous Account & Service Fees</span> </a> </li> </ul> </div></div> <div class="aem-wrap--check-list section"> <div class="checkList checkList__checkListItems--left" data-cmp="checkList"> <span> <p><b>Product guides</b></p> <p> </p> </span> <ul class="checkList__checkListItems"> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="/content/dam/ML/pdfs/CD_Base_Fact_Sheet.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_brokered-certificate-of-deposit-cd-fact-sheet" target="_blank" aria-label="Brokered Certificate of Deposit (CD) Fact Sheet"> <span>Brokered Certificate of Deposit (CD) Fact Sheet</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/pooled-investment-vehicles.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_guide-to-pooled-investment-vehicles" target="_blank" aria-label="Guide to Pooled Investment Vehicles"> <span>Guide to Pooled Investment Vehicles</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/MutualFundDisclosureDocument.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_mutual-fund-investing" target="_blank" aria-label="Mutual Fund Investing"> <span>Mutual Fund Investing</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="https://www.mymerrill.com/Publish/Content/application/pdf/GWMOL/ml-offshore-investing-brochure.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_offshore-mutual-fund-investing" target="_blank" aria-label="Offshore Mutual Fund Investing"> <span>Offshore Mutual Fund Investing</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="/content/dam/ML/solutions/pdf/ml_making-the-most-of-your-retirement-assets-Brochure-v2.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_making-the-most-of-your-retirement-assets" target="_blank" aria-label="Making the Most of Your Retirement Assets"> <span>Making the Most of Your Retirement Assets</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <a href="/content/dam/ML/Articles/pdf/Section529atMerrill.pdf" class="t-track-checklist-link" data-bactmln="checklist_link_section-529-plans" target="_blank" aria-label="Section 529 Plans"> <span>Section 529 Plans</span> </a> </li> <li class="checkList__checkListItems--item checkList__checkListItems--item--disc " no-link="false"> <span>Annuities for Retirement</span> </li> </ul> </div></div> </div> <div class="article-container__content" data-anchor="#rightrail_1095172261"> <div class="aem-wrap--text section"> <div class="text js-rte-tagging" data-cmp="enhancedText"> <p><span class="font-light" style="font-size: 32.0px;letter-spacing: 0;">For more information</span></p> <p><span class="font-regular" style="font-size: 18.0px;">If you have any questions about the Form CRS or the Best Interest Disclosure Statement, please contact us at 800.MERRILL 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href="/merrill-advisor-match.html?ml_solution" target="_self" role="button" style=" " aria-label="Try Advisor Match" data-bactmln="Tile-CTA-_-right-rail_a-more-personalized-way-to-choose-an-advisor_try-advisor-match-_-content-ml-en-merrill-advisor-match-html-ml-solution"> Try Advisor Match </a> </div> </div> </div> <div id="rightrail_1095172261" class="rightrail-item " style="background-color:;"> <div class="header "> <h2 class="header__heading ">Explore our other solutions</h2> </div> <div class="rightrail-image"> <div class="image image--float-left " style="max-width: 220" data-cmp="image"> <div> <picture class="image__picture"> <source media="(min-width: 1200px)"/> <source srcset="/content/dam/ML/solutions/redesign/Wheel-small.png" media="(min-width: 1024px)"/> <source srcset="/content/dam/ML/solutions/redesign/Wheel-small.png" media="(min-width: 640px)"/> <img src="/content/dam/ML/solutions/redesign/Wheel-small.png" alt="Wheel diagram showing solution categories that include Manage 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</div> <div class="aem-wrap--background-container section"> <section class="background-container background-container--contained "> <div class="background-container__section background-container--paddings-small cool-gray-5-bg" style=" "> <div class="background-container__wrapper " style="max-width:1400px;"> <div class="aem-wrap--positioning-container section"> <style type="text/css"> @media (min-width: 0px) { #positioning_container_805476315 { margin-top: 0px; margin-bottom: 0px; margin-left: 25px; margin-right: 25px; } } </style> <style type="text/css"> @media (min-width: 1024px) { #positioning_container_805476315 { margin-top: 0px; margin-bottom: 0px; margin-left: 50px; margin-right: 50px; } } </style> <div id="positioning_container_805476315" class="positioning-container positioning-container--full "> <div class="positioning-container__wrapper"> <div class="aem-wrap--header section"> <div class="header header--align-center "> <h3 class="header__heading "><span class="font-light" 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