Bank of America on Thursday rolled out an enhanced version of its Merrill Edge investment management program for mass-affluent investors with $50,000 to $250,000 in investable assets. The new Merrill Edge Roadmapas the enhanced program is knownstreamlines reporting for clients and provides them with more concrete action plans to help them achieve their financial goals, Don Vecchiarello, a spokesman for Merrill Edge, said in a telephone interview.
As part of the program, customers first meet with an advisor for a one-on-one conversation about their financial situation. This is followed by a detailed discussion regarding their financial goals, such as retirement, college savings, and emergency funds. Based on these discussions, customers receive a financial assessment and action plan, including specific investment recommendations.
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