Does Merrill Edge charge a custody fee as of January 2024?
No, Merrill Edge does not charge a custody fee.
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
Merrill Edge is a US-based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and FINRA; BofA is listed on the NYSE.
What is a custody fee?
A custody fee is typically a percentage-based fee that some brokers charge for the safekeeping of certain assets, such as stocks, bonds or ETFs. The fee is calculated based on the value of the positions you are holding.
To learn more about Merrill Edge's fees and charges, read our article about Merrill Edge's fee structure.
If you are interested in Merrill Edge in general, check our comprehensive review.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.