Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), formerly branded Merrill Lynch, is an American investment administration as well as wide range management division of Bank of America. Along with BofA Securities, the financial investment banking arm, both companies engage in prime broker agent and also broker-dealer tasks. The firm is headquartered in New York City, as well as soon as occupied the whole 34 stories of 250 Vesey Road, part of the Brookfield Location complicated in Manhattan. Merrill employs over 14,000 financial consultants and also takes care of $2.3 trillion in customer assets. The firm likewise operates Merrill Side, a digital trading system. Before 2009, the business was publicly had as well as traded on the New York Supply Exchange. Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the economic dilemma of 2007-- 2008, the very same weekend break that Lehman Brothers was enabled to stop...
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