Merrill Lynch Wealth Management Announces New Mobile Features for Clients
Merrill Lynch Wealth Management today announced a number of new online and mobile features for clients making it more convenient to access account information, deposit checks, and pay bills. These new capabilities include an Android1 application, remote check deposit functionality for iPhones2, and bill pay functionality for iPads. Clients currently enjoy access to applications on iPhones, iPads, and BlackBerry devices.
The Android app enables clients to securely view their accounts, follow the markets, retrieve real-time quotes, transfer money, and much more. With the MyMerrill for iPhone app, clients can now deposit checks remotely into eligible Merrill Lynch investment accounts. Clients simply sign into the MyMerrill for iPhone app, access check deposits, capture an image of the front and back of the check, and submit the checks for processing. Bill pay from Merrill Lynch enables clients with eligible investment accounts a simpler, more efficient way to pay their bills using their iPad. Once enrolled in the bill pay service on MyMerrill.com, clients can pay their bills and view all payments on a consolidated calendar view within the MyMerrill for iPad app.
“The convenience and speed of mobile access is becoming more important over time - especially for clients who have multiple account types with our Financial Advisors. The ability to access accounts, transfer money, pay bills, and even browse research anywhere and at any time is another tool we can give clients to simplify their financial lives,” said Paul Fox, head of Merrill Lynch Wealth Management Online Platforms. “Our Financial Advisors have the same capabilities, enhancing collaboration and partnership with clients.”
The MyMerrill app for both iPhone and iPad is available via the iTunes App Store at http://itunes.apple.com.
1 Device must have Android OS 2.2 or higher
2 Must be an iPhone or iPod Touch with OS 4.0 or higher
Merrill Lynch Global Wealth Management
Merrill Lynch Global Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With more than 17,300 Financial Advisors and more than $1.5 trillion in client balances as of December 31, 2011, it is among the largest businesses of its kind in the world. More than two-thirds of Merrill Lynch Global Wealth Management relationships are with clients who have a net worth of $1 million or more. Within Merrill Lynch Global Wealth Management, the Private Banking & Investment Group provides tailored solutions to ultra affluent clients, offering both the intimacy of a boutique and the resources of a premier global financial services company. These clients are served by more than 160 Private Wealth Advisor teams, along with experts in areas such as investment management, concentrated stock management and intergenerational wealth transfer strategies. Merrill Lynch Global Wealth Management is part of Bank of America Corporation.
Source: Bank of America. Merrill Lynch Global Wealth Management (MLGWM) represents multiple business areas within Bank of America's wealth and investment management division including Merrill Lynch Wealth Management (North America and International), Merrill Lynch Trust Company, and Private Banking & Investment Group. As of December 31, 2011, MLGWM entities had approximately $1.5 trillion in client balances. Client Balances consists of the following assets of clients held in their MLGWM accounts: assets under management (AUM) of MLGWM entities, client brokerage assets, assets in custody of MLGWM entities, loan balances and deposits of MLGWM clients held at Bank of America, N.A. and affiliated banks.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves customers through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
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