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Merrill Edge Self-DirectedSIMPLE IRA Retirement AccountAccount Application Booklet and AgreementsReturn your completed application form along with the additional documents.You may return via standard or express delivery or via fax.By Standard Mail:MerrillNew Account SupportMSC NJ2-140-02-15P.O. Box 1501Pennington, NJ 08534By Express Delivery:MerrillNew Account SupportMSC NJ2-140-02-151400 American BoulevardPennington, NJ 08534By Fax:New Account Support866.214.1649Merrill Edge Self-Directed is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated.Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or providedby companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly ownedsubsidiary of BofA Corp.Investment products:Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose Value
Merrill Edge Self-DirectedSIMPLE IRA Retirement AccountA SIMPLE IRA provides an easy way for small businesses (fewer than 100 employees)and sole proprietors to offer a tax-deferred retirement plan.Only U.S. residents can apply for a Merrill Edge Self-Directed investing account.InstructionsTable of ContentsPlease provide/complete the following:Account Application: Employer Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3I. Employer Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Name and Address Disclosure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3II. Name and Address Disclosure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Individual Customer Information . . . . . . . . . . . . . . . . . . . . . . . . . 3–5III. Individual Customer Information. . . . . . . . . . . . . . . . . . . . . . . . . . 3A. Identification and Contact Information . . . . . . . . . . . . . . . . . . . . 3B. Citizenship and Passport Information . . . . . . . . . . . . . . . . . . . . . . 3C. Employment Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4D. Affiliation Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4E. Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Beneficiary Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Tax Certification and Acknowledgment . . . . . . . . . . . . . . . . . . . . . . 6Additional Required DocumentsDepending on services requested, additional documentsmay be required.IV. Beneficiary Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6A. Primary Beneficiary(ies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6B. Contingent Beneficiary(ies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6V. Tax Certification and Acknowledgment . . . . . . . . . . . . . . . . . . . 6Additional Enclosed DocumentsEmployers Adoption AgreementEmployer Notice and Salary Reduction AgreementAgreements and DisclosuresMerrill Lynch Self-Directed Investing Client Relationship AgreementMerrill Lynch Self-Directed Investing Terms of ServiceSIMPLE Retirement Account Plan DocumentEmployer’s Administration GuideSIMPLE Retirement Account/Individual Retirement AccountSRA/IRA Disclosure and Custodial AgreementMerrill E-Contribs for Small Business Retirement AccountsCustomer Information and Due DiligenceMerrill, like all U.S. financial institutions, is required to follow federal regulations to assist the government in its efforts to fight money laundering and other financial crimes, and tocounter terrorist financing efforts in the U.S. and globally. Merrill obtains specific personal information from you in order to verify your identity; and you may be required to presentdocumentary evidence of your identity in the form of government-issued identification. Merrill also uses third-party vendors to verify customer information. Foreign nationals whoare permanent legal residents of the U.S. may be required to present a Permanent Resident Card (i.e., “green card”) and a Social Security number to open an account in a U.S.-basedMerrill office. Non-individuals (e.g., a business, trust or estate) must submit sufficient evidence of legal status.In addition to verifying the identity of our customers, Merrill captures personal information on all customers and related authorized parties who have the ability to transact, control,influence or manage an account, whether directly or indirectly. Merrill, at its discretion, may elect not to accept an account, or to terminate the account agreement and the accountagreements of any related parties.Page 2 Merrill Edge Self-Directed SIMPLE IRA Account ApplicationCode 423210PM-1121
SIMPLE IRA Account ApplicationAccount Number:–I. Employer InformationInstructionsName of Employer:Business AddressPlease complete the employer informationand individual customer information.Street (Line 1)Federal Tax/Employer Identification Number (EIN):Street (Line 2)– Calendar YearCity Fiscal YearIndicated Month and Dayif operating on a Fiscal Year:StateZIPBusiness Phone NumberII. Name and Address DisclosureDo you authorize Merrill to disclose your name, address and securities positions to corporate issuers under anSEC rule designed to permit issuers to communicate directly with non-objecting owners? Yes NoNote: If your residence changes(for example, you move to another countryor spend most of your time outside of theUnited States), Merrill will not be able tomaintain your account. You will be requiredto close the account.III. Individual Customer InformationA. Identification and Contact InformationPermanent Residential Address (No P.O. Boxes)Name (First, Middle, Last)Street (Line 1)Social Security Number (SSN)Street (Line 2)––CityStateZIPDate of BirthMailing Address (if different from residential)Home Phone NumberStreet (Line 1)Work Phone NumberStreet (Line 2)Email AddressCityStateZIPB. Citizenship and Passport InformationInstructionsAdditional documents are required forResident Aliens:Is your primary residence in the United States? Yes NoAre you a U.S. citizen? YesAre you a dual citizen? Yes NoAre you a foreign citizen? Yes No NoU.S. Permanent Residents: Pleasesubmit copies of passport and green cardwith application.If you are a foreign citizen or dual citizen, please complete the following information.U.S. Temporary Residents: Please submitcopies of passport, arrival/departurerecord (I-94), proof of extension of stay/renewal and employment authorizationdocumentation with application.Country of CitizenshipPassport Type Standard Passport Military Passport Diplomatic Passport Other:Visa/Green Card ID NumberPassport NumberPlace of IssuancePlace of IssuanceDate IssuedPage 3 Merrill Edge Self-Directed SIMPLE IRA Account ApplicationExpiration DateDate IssuedExpiration DateCode 423210PM-1121
SIMPLE IRA Account ApplicationAccount Number:–III. Individual Customer Information (continued)C. Employment InformationEmployment Status Employed/Not OwnerName of Employer (previous if Retired or Not Employed) Business OwnerStart Date Not Employed StudentEmployer Address RetiredStreet (Line 1)Street (Line 2)CityStateZIPOccupation (Please see page 7 for a list of industries)Industry (Please see page 7 for a list of industries)Explain if MiscellaneousExplain if MiscellaneousInstructionsD. Affiliation InformationIf required, please submit a 407 letterwith your application.1. Are you, your spouse or another member of your household employed by Merrill, Bank of America and itsaffiliates, a Broker-Dealer, Self-Regulatory Organization or another financial institution? Yes NoIf yes, Relationship: Self Spouse Member of Household Merrill Lynch, Pierce, Fenner & Smith Bank of America Corporation Self-Regulatory Organization Broker-Dealer Other Financial InstitutionName of Institution:Name of Person Affiliated with Institution:2. Are you a director, 10% shareholder or someone who has the ability to control corporate action or policy of apublic company? Yes NoIf yes, please complete the following:Company NamePage 4 Merrill Edge Self-Directed SIMPLE IRA Account ApplicationSymbolCode 423210PM-1121
SIMPLE IRA Account ApplicationAccount Number:–III. Individual Customer Information (continued)E. Financial InformationSource of IncomeMarital Status Single Employment Income Married Household/Family Income Separated Inheritance/Trust Divorced Investment Income Widowed Retirement Income Social Security Domestic Partner Unemployment IncomeNumber of Dependents: OtherHousehold Annual Income:If Source of Income Is Other, explain:Household Net Worth:Investable Assets:Source of WealthYears of Investing Experience: Income from the Client’s Own Business or Saleof BusinessTrading Experience Income from Employment and/or Bonuses Cash Margin None Inheritance or Family, Gift, Trust ProceedsProduct Experience Stocks Bonds Options Insurance Benefits Mutual Funds None Other Lottery or Casino Winnings Professional Venture Capital Investors, PrivateEquity Investors Securities Investing Compensation Payment/Legal Settlement Other Income (e.g., alimony, divorce settlement) Donations, Grants, Endowments (e.g., Foundations,Family, Private, Public) Charitable Trust Sale of Real Property Household Wealth (e.g., spouse, minors, financialdependents)Page 5 Merrill Edge Self-Directed SIMPLE IRA Account ApplicationCode 423210PM-1121
SIMPLE IRA Account ApplicationBeneficiary InstructionsYou can name one or more primaryand contingent beneficiaries.Designating a beneficiary hasimportant tax consequences. Weurge you to consult your attorneyor tax advisor before completingthis section. If the beneficiary isa trust, provide the names of thetrustees, the date of the trust andthe trust’s tax identification number.Any balance left in your account atyour death will be paid to the primarybeneficiaries in accordance with theshare percentages you designate. Ifyou designate multiple beneficiaries,please be sure to designate thepercentage each is to receive andbe sure that the percentage totals100%. If a primary beneficiary shouldpredecease you, and there are otherprimary beneficiaries who are stillliving, the deceased beneficiary’sshare will be distributed to theremaining primary beneficiary orthe remaining primary beneficiariesin proportion to their paymentpercentages. If no primary beneficiaryis living at the time of your death,the balance will be distributed toyour contingent beneficiaries underthe same rules. If a contingentbeneficiary should predecease you,and there are other contingentbeneficiaries who are still living,the deceased beneficiary’s sharewill be distributed to the remainingcontingent beneficiary or theremaining contingent beneficiariesin proportion to their paymentpercentages. If no primary orcontingent beneficiaries survive you,or if no beneficiary designation is ineffect at your death, the balance willbe paid to your spouse. If you are notsurvived by a spouse, we will pay thebalance to your estate.You can change your beneficiarydesignation at any time and as oftenas you wish. Such designations mustbe in writing and are not effectiveunless and until we receive them.Please contact us for the appropriatedocument (code 1217).If your beneficiary designationincludes per Stirpes or per Capitaprovisions, please complete theBeneficiary Designation Form (code1217) and submit along with thisapplication.Account Number:–IV. Beneficiary InformationA. Primary Beneficiary(ies)I hereby designate the person(s) named below as primary beneficiary(ies) to receive payment of the balance of myaccount upon my death.NameDate of BirthSSN or EIN Check if EINRelationshipShare % 100%B. Contingent Beneficiary(ies)If there is no primary beneficiary living at the time of death, I hereby specify that the balance is to be distributed to mycontingent beneficiary(ies) listed below:.NameDate of BirthSSN or EIN Check if EINRelationshipShare % 100%V. Tax Certification and AcknowledgmentUnder penalties of perjury, I certify: 1. that the taxpayer identification number I have shown on this form is the correcttaxpayer identification number (or I am waiting for a number to be issued to me), and 2. that I am not subject tobackup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the InternalRevenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest anddividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and 3. that I am a U.S.person (including a U.S. resident alien), and 4. that the Foreign Account Tax Compliance Act (FATCA) code entered onthis form (if any) indicating that I am exempt from FATCA reporting is correct. You must cross out item (2.) above ifyou have been notified by the IRS that you are subject to backup withholding because you have failed to report allinterest and dividends on your tax return.BY SIGNING BELOW, I AGREE TO THE MERRILL EDGE SELF-DIRECTED CASH MANAGEMENT ACCOUNTDISCLOSURES AND ACCOUNT AGREEMENT, THE TERMS OF THE MERRILL EDGE SELF-DIRECTEDINVESTING CLIENT RELATIONSHIP AGREEMENT AND MERRILL EDGE SELF-DIRECTED INVESTING TERMSOF SERVICE AND:1. THAT, IN ACCORDANCE WITH SECTION 12, PAGE 5 OF THE MERRILL EDGE SELF-DIRECTEDINVESTING CLIENT RELATIONSHIP AGREEMENT, I AM AGREEING IN ADVANCE TO ARBITRATE ALLCONTROVERSIES THAT MAY ARISE BETWEEN ME AND MERRILL;2. THAT I HEREBY ACKNOWLEDGE THAT I AM OF LEGAL AGE UNDER THE LAWS OF MY PLACE OF RESIDENCE;3. THAT I ACKNOWLEDGE AND UNDERSTAND THAT NON-DEPOSIT INVESTMENT PRODUCTS AREPROVIDED BY MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (“MLPF&S”), A REGISTEREDBROKER-DEALER AND WHOLLY OWNED SUBSIDIARY OF BANK OF AMERICA, AND THAT INVESTMENTPRODUCTS OFFERED THROUGH MLPF&S AND INSURANCE AND ANNUITY PRODUCTS OFFEREDTHROUGH ITS SUBSIDIARY, MERRILL LYNCH LIFE AGENCY INC. (i) ARE NOT INSURED BY THE FDICOR ANY FEDERAL GOVERNMENT AGENCY, (ii) ARE NOT A DEPOSIT OR OTHER OBLIGATION OF, ORGUARANTEED BY, ISSUED OR UNDERWRITTEN BY BANK OF AMERICA, N.A. OR ANY OF ITS BANKAFFILIATES, (iii) ARE SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPALAMOUNT INVESTED, AND (iv) ARE NOT A CONDITION TO ANY BANKING SERVICE OR ACTIVITY;4. THAT I AFFIRMATIVELY CONSENT TO HAVING MY AVAILABLE CASH BALANCES DEPOSITEDOR INVESTED THROUGH THE SWEEP PROGRAM, IN ACCORDANCE WITH SECTION 14 OF THEMERRILL EDGE SELF-DIRECTED INVESTING CLIENT RELATIONSHIP AGREEMENT AND THAT IUNDERSTAND THAT I MAY DISCUSS WITH THE INVESTMENT CENTER OTHER OPTIONS THAT AREAVAILABLE FOR ME TO INVEST CASH, INCLUDING OTHER CASH MANAGEMENT PRODUCTS;5. VERMONT LAW REQUIRES THE FOLLOWING: I AUTHORIZE MERRILL AND ITS AFFILIATES TO REQUESTA CONSUMER REPORT OR CREDIT REPORT ABOUT ME FROM ONE OR MORE CONSUMER REPORTINGAGENCIES TO VERIFY THE INFORMATION PROVIDED IN THIS SIMPLE IRA ACCOUNT APPLICATION ANDFOR ANY OTHER LEGITIMATE BUSINESS PURPOSES; AND6. THAT I ACKNOWLEDGE THAT I HAVE RECEIVED THE FORM CLIENT RELATIONSHIP SUMMARY.THE INTERNAL REVENUE SERVICE DOES NOT REQUIRE MY CONSENT TO ANY PROVISION OF THISDOCUMENT OTHER THAN THE CERTIFICATIONS REQUIRED TO AVOID BACKUP WITHHOLDING.SignatureFOR MERRILL INTERNAL USE ONLY:Manager SignaturePage 6 Merrill Edge Self-Directed SIMPLE IRA Account ApplicationDateTitle/RoleFA/PC Code: 1001DateCode 423210PM-1121
SIMPLE IRA Account ApplicationAccount Number:–Principal Line of Business Accounting Import/Export Company Advertising/Public Relations Internet Gambling Concerns Agriculture/Forestry/Fishery Introducing Broker Architecture/Surveying/Urban Planning Investment Banker Arms/Munitions Manufacturers, Distributors andWholesalers Jeweler, Gem & Precious Metal Dealer, Distributionand Wholesale Companies Art/Antiquity Dealer Lawyer/Judge Auctioneer Leather Goods Store U.S. Armed Forces Marketing/Sales Banking Miscellaneous Brokerage/Securities/Investments Money Transmitters/Money Service Businesses Casino & Card Clubs New/Used Auto, Boat, Plane, and Machine Parts Cash Intensive Business Non-U.S. Armed Forces Charitable Foundation and Non-GovernmentalOrganization Non-U.S. Govt/Non-U.S. Govt Agency Check Cashing & Deposit Taking Facilities Civil Service Computers/Info Systems Construction/Contracting Consulting Currency Dealer or Exchanger Defense Contractors Deposit Broker Dentistry Economics Embassies/Consulates Engineering Estate Planning/Trust/Taxation Executive/Administration/Management Finance/Venture Capital Food/Beverage/Lodging Services Foreign Services Futures Commission Merchant Health Services (Nursing/Pharmacology) Hedge Fund Pawnbroker Phone Card Retailer/Wholesaler Physician/Surgeon Privately Owned ATM Companies Private Equity Real Estate/Property Management Firm Religious Worker Research/Development Scrap Metal Dealers Ship/Bus/Plane Operator Social Services Sports/Recreation Support Staff/Clerical/Admin. Support Teacher/Librarian/Counselor Telemarketer Technician Transportation/Travel Travel Agency Venture Capital Visual/Performing Arts Used Automobile or Truck Dealer Human ResourcesPage 7 Merrill Edge Self-Directed SIMPLE IRA Account ApplicationCode 423210PM-1121
2021 Bank of America Corporation. All rights reserved. BRO-11-21-1546 11/2021Code 423210PM-1121To learn about Bank of America’s environmental goals and initiatives, go to bankofamerica.com/environment. Leaf icon is a registered trademark of Bank of America Corporation.
Client Relationship SummaryEffective March 21, 2022Access supplemental materials by clicking on the links below or visiting ml.com/relationships and merrilledge.com/relationships.Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill or we) is registered with the Securities and Exchange Commission(SEC) as both a broker-dealer and an investment adviser. We are a member of the Financial Industry Regulatory Authority (FINRA)and the Securities Investor Protection Corporation (www.sipc.org). Our subsidiary Managed Account Advisors LLC (MAA) is alsoan SEC-registered investment adviser.You can access free and simple tools to research firms and financial professionals at investor.gov/CRS. It provides educationalmaterials about broker-dealers, investment advisers and investing. Brokerage and investment advisory services and fees differand it is important for you to understand these differences.We offer both brokerage and investment advisory services. You choose how you want to work with us:Work with your dedicated Advisor oryour Merrill Financial Solutions AdvisorWork with a FinancialSolutions AdvisorBased on who you work with, youcan receive brokerage services for aper trade charge and/or enroll in aMerrill investment advisory program toaccess managed investment strategiesand other investment solutions andfiduciary services for an annual assetbased fee.You can access certain brokerageservices, if eligible, for a per trade chargeand/or enroll in a Merrill investmentadvisory program to access, with FSAassistance and advice, selected managedinvestment strategies and relatedfiduciary services for an annual assetbased fee.Work on a Self-Directed BasisYou can utilize our self-directedinvesting brokerage platform (MESD)to enter and manage your owntrades for a per trade charge and/orenroll in Merrill investment advisoryprogram to access on a self-guidedbasis certain managed investmentstrategies and related fiduciaryservices for an annual assetbased fee.This Client Relationship Summary (CRS) and the Summary of Programs and Services provide an overview of our primaryprograms, the types of services we provide and how you pay.What investment services and advice can you provide me?BROKERAGE SERVICESIn a Merrill brokerage account (Account), you pay commissionsand other sales fees on a per transaction basis. We mayrecommend investments to you, but you make the final decisionto buy, sell or hold them.From time to time, we may voluntarily review the holdings in yourAccount; however, for purposes of Regulation Best Interest, wedo not provide an ongoing monitoring service or monitor yourAccount and Regulation Best Interest does not require us to do so.Depending on the qualifications of your financial advisor and howyou want to work with us, our brokerage services provide you: Investment recommendations and responses to your tradeinstructions and other requests. Access to investments, research, financial tools, investmentguidance and market education. Trade execution for purchases and sales of securities andcustody of Account assets. Margin lending (borrowing against eligible Account assets). Access to various account types, including the CMA account. Access to our Cash Sweep Program where uninvestedcash in your Account is “swept” into bank depositaccounts affiliated with us or into money marketmutual funds. Cash management services, including direct deposit,checkwriting, debit cards, and electronic funds transfer.Our Advisors can provide you access to a wide range ofinvestment products. Our Merrill Financial Solutions Advisors(MFSAs) are eligible under our policies to offer a limited set ofinvestment products to you.We have Financial Solutions Advisors (FSAs) who providebrokerage services to existing clients via a call center or incertain wealth management centers. Enrollment into anFSA-assisted Account is restricted. You can obtain brokerageservices on a self-directed basis through our Merrill EdgeSelf Directed program (MESD), where you will not receiverecommendations.Our Best Interest Disclosure Statement provides material factsabout a brokerage Account, including fees, material limitationswe place on our offerings and conflicts of interest.Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed, or provided by companies thatare affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Lynch LifeAgency Inc. (“MLLA”) is a licensed insurance agency and a wholly owned subsidiary of BofA Corp. Banking products are provided by Bank of America, N.A., Member FDIC and a wholly owned subsidiary of BofACorp. Investment products offered through MLPF&S, and insurance and annuity products offered through MLLA:Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose ValueAre Not DepositsAre Not Insured By Any Federal Government AgencyAre Not a Condition to Any Banking Service or ActivityPage 1
What investment services and advice can you provide me? (continued)INVESTMENT ADVISORY SERVICESMerrill offers a variety of investment advisory programs(IA Programs). Each IA Program is described in an IA Programbrochure available at ml.com/relationships andmerrilledge.com/relationships. The IA Program brochuresprovide material facts about the program, including fiduciaryservices, program fees and conflicts of interest.When you enroll in one of our IA Programs, we act as yourinvestment adviser in providing you the services describedin that IA Program's client agreement and brochure. Theseservices include advice and guidance, access to investmentstrategies and certain brokerage and custody services,among others. We provide ongoing monitoring for anaccount enrolled in an IA Program as described in its brochure.You pay an asset-based fee and not on a per trade basis.MAA provides discretionary services in certain IA Programs. Itinvests assets by implementing investment strategies of Merrilland/or third-party managers selected for your IA Programaccount. It also processes contributions and withdrawals andprovides other services.In certain IA Programs, you can choose to make investmentdecisions yourself and/or to grant us or a manager discretionor authority to make investment and trading decisions for youraccount on your behalf. Discretion is triggered when you grantit and remains in effect until you revoke it.Merrill Edge Advisory Account (MEAA). MEAA is a legacy programthat offers existing and certain new clients access to certainMerrill-managed investment strategies with advice and guidancefrom your MFSA or an FSA. It is very similar to MGI with Advisor.Merrill Guided Investing (MGI). MGI provides access to a set ofMerrill-managed investment strategies through an online, selfguided interactive website.Institutional Investment Consulting (IIC). This program providesspecified investment portfolio services to the investmentportfolios of IIC-eligible clients.All of these IA Programs have differing service and relationshipapproaches and requirements. Certain of the same managedinvestment strategies are available in several of our IA Programs.You should evaluate which IA Program is right for youconsidering the following: your investment profile; yourpreferences on working either with a dedicated Advisoror MFSA whom you select, with an FSA, or on a self-guidedbasis; the scope of the capabilities of your Advisor, MFSA orFSA, as the case may be, and the limitations, if any, on theirservices; the nature of the IA Program services; the types ofIA Program services you want; the investment solutionsavailable in each IA Program; and the IA Program fees.FOR BOTH BROKERAGE AND INVESTMENT ADVISORY SERVICESThe range of investment solutions that you can access dependson the IA Program you select and whether you are workingwith an Advisor or MFSA whom you have selected, workingwith one of our FSAs, or working on a self-guided basis. OurIA Programs for retail investors are:We make a wide variety of investment products andinvestment solutions available to you for investment based onfactors such as account limitations, eligibility and our productapproval process. In addition, not all of our financial advisorscan offer all available products, particularly MFSAs.Merrill Lynch Investment Advisory Program (IAP). You receiveinvestment advice and guidance from your Advisor or yourMFSA, as the case may be. Depending on their qualifications, youwill have the ability to choose among third-party managed andMerrill-managed investment strategies. In addition, if you workwith an Advisor, you have access to invest in individual securities,including equities, debt and fund securities. In addition, youcan choose to delegate investment and trading discretion toyour Advisor for your Account or retain investment discretion.The investment options available to brokerage and IA Programenrolled accounts include products that are sponsored ormanaged by product providers unrelated to us. There are alimited number of products in which we or our affiliates havean interest. For certain products, we require that the productprovider or sponsor enter into distribution agreements withus and, in certain cases, they must agree to make paymentsto us for revenue sharing, sub-accounting services and forcompensation purposes. These material limitations are furtherdescribed in the Best Interest Disclosure Statement.Strategic Portfolio Advisor Service (SPA). By enrolling in SPA,you have access to investment advice from your Advisor andthe ability to access investment strategies offered by thirdparty managers under a separate contract.Managed Account Service (MAS). MAS provides you with theability to select under a separate contract certain investmentstrategies of third-party managers not offered in our otherIA Programs. We do not provide advice or recommendationsabout this selection.Merrill Guided Investing with Advisor (MGI with Advisor). ThisIA Program offers you access to invest in certain investmentstrategies managed by Merrill. You select Merrill-managedstrategies through an online, interactive website with theadvice and guidance from your MFSA or from an FSA.Merrill utilizes its own broker-dealer capabilities and thoseof Bank of America Securities, Inc. (BofAS) and other relatedentities to provide you with certain investment products andservices, including trade execution, access to research and cashmanagement services.For a CMA Account, there is a minimum funding of 20,000 incash and/or securities (with a 2,000 minimum for a subaccount).This does not apply to an account enrolled in MGI, MGI withAdvisor, MEAA or an MESD account. Certain investment productsand IA Programs are subject to minimum investment amountsdetailed in offering materials and IA Program brochures.Not all account type options provide the services described inthis CRS.Page 2
Questions you can ask us about our services: Givenmy financial situation, should I choose an investmentadvisory service? Should I choose a brokerage service orboth types of services? Why or why not? How will youchoose investments to recommend? What is your relevantexperience, including your licenses, education and otherqualifications and what do they mean?What fees will I pay?FEES IN A BROKERAGE ACCOUNTYou will pay a fee for each transaction in a brokerageaccount. The types of fees you pay are known as, for example,commissions, mark-ups, mark-downs or sales charges.These fees can be a direct payment from you. For certaininvestment products, the product sponsor or the managerwill pay the fees and costs to us based on the value of yourinvestment.Brokerage transaction fees vary from product to product.The Best Interest Disclosure Statement includes an overviewof brokerage fees and other Account charges. Certain feeinformation is also found by accessing the materials listed onpage 4 of this CRS. An overview of the MESD brokerage feesand charges is available at merrilledge.com/pricing.The trade confirmation you receive will provide the amountof the fees charged for the transaction. T
SIMPLE IRA Retirement Account Account Application Booklet and Agreements Return your completed application form along with the additional documents. You may return via standard or express delivery or via fax. By Standard Mail: Merrill . New Account Support . MSC NJ2-140-02-15 . P.O. Box 1501 . Pennington, NJ 08534. By Express Delivery: Merrill
