Merrill may have restricted the program because of the different compensation structures associated with the Private Investors program, says Jeff Strange, a relationship manager at FUSE Research Network The program has wrap-fee options that don’t charge commissions on equity trades and standard fee options with commissions for equity trades. Custodial and other account-related fees are charged to Private Investors’ accounts separately by the custodian, the filing states.
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Article published on July 10, 2020