Merrill, widely recognized as Merrill Lynch & Co., is owned by Bank of America.
Bank of America: The Current Owner of Merrill
In a significant financial event, Merrill Lynch & Co. was acquired by Bank of America in 2008. This acquisition transformed Merrill from a standalone public company into a prominent division within one of the world's largest financial institutions. Today, Merrill operates primarily as Bank of America's global wealth management division, continuing its legacy in financial advisory services.
Key Facts About Merrill Lynch & Co.
To provide a clear overview of Merrill's origins and its current ownership, here are some essential details:
| Feature | Description |
|---|---|
| Founder | Charles E. Merrill |
| Acquisition Year | 2008 by Bank of America |
| Current Owner | Bank of America |
| Headquarters | 250 Vesey Street, New York City, New York, U.S. |
| Area Served | Worldwide |
The Evolution of Merrill Under Bank of America
Since the 2008 acquisition, Merrill has maintained its strong brand identity while benefiting from the extensive resources and global reach of Bank of America. The integration has allowed Merrill to continue offering a broad range of financial products and services, including:
- Wealth Management: Providing personalized financial advice and investment strategies to individuals and institutions.
- Brokerage Services: Facilitating trading in stocks, bonds, and other securities.
- Retirement Planning: Helping clients plan and manage their retirement savings.
This strategic alignment has cemented Merrill's position as a leading name in the wealth management sector, now operating under the umbrella of Bank of America.
