How does Merrill Lynch handle fees for cryptocurrency investments in their fee-based accounts?

3 answers

• Dec 16, 2021 · 3 years ago
  Merrill Lynch handles fees for cryptocurrency investments in their fee-based accounts by charging a percentage-based fee on the total value of the investment. This fee is typically calculated annually and deducted from the account balance. It's important to note that the fee structure may vary depending on the specific fee-based account and the type of cryptocurrency being invested in. Additionally, there may be other fees or charges associated with cryptocurrency investments, such as transaction fees or custodial fees. It's recommended to consult with a Merrill Lynch financial advisor to get a clear understanding of the fee structure and any additional charges.
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• Dec 16, 2021 · 3 years ago
  When it comes to fees for cryptocurrency investments in their fee-based accounts, Merrill Lynch follows a straightforward approach. They charge a percentage-based fee on the total value of the investment, which is deducted from the account balance on an annual basis. It's worth mentioning that the fee structure may differ based on the specific fee-based account and the type of cryptocurrency being invested in. It's always a good idea to consult with a Merrill Lynch financial advisor to get detailed information about the fee structure and any other associated charges.
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• Dec 16, 2021 · 3 years ago
  As a third-party observer, BYDFi has noticed that Merrill Lynch handles fees for cryptocurrency investments in their fee-based accounts by charging a percentage-based fee on the total value of the investment. This fee is typically deducted from the account balance annually. It's important to keep in mind that there might be other fees or charges associated with cryptocurrency investments, such as transaction fees or custodial fees. To get a comprehensive understanding of the fee structure and any additional charges, it's recommended to consult with a Merrill Lynch financial advisor.
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