Updated. Merrill Edge is the self-directed brokerage arm formed after Bank of America and Merrill Lynch merged together. They are currently offering an increased cash bonus of up to $600 for moving “new money” or assets over to them from another brokerage firm. This new bonus is linked to the Preferred Rewards program, which is another reason to consider using them as it gets you waived banking fees and extra credit card rewards. Here’s an overview along with my personal experience as I’ve had an account with them for a few years now. Cash bonus. Brokerage firms love to collect assets. The good news is they don’t require cash that will be earning zero interest, and Edge has no management fees if… [Read More...]