Thomas K. Montag, CEO
Jennifer M. Hill, Co-CFO
Peter Taube, Chief Acct. Officer/Controller
Robert Qutub, Co-CFO
Brian T. Moynihan, Chmn.
Phone:
212-449-1000
Fax:
212-449-9418
Toll-Free:
800-637-7455
Address:
250 Vesey St., 4 World Financial Center
New York, NY 10080 US
GROWTH PLANS/SPECIAL FEATURES
Merrill Lynch & Co., Inc., a wholly owned subsidiary of Bank of America Corp., is a wealth management, capital markets and advisory firm. The firm is one of the largest brokerages in the world, managing over $2.2 trillion in client assets. The company provides banking, investing, asset management and other financial and risk management products and services to its clients. The company’s services include corporate and investment banking services, such as commercial lending, high-yield debt, equity and mergers and acquisitions review; personal wealth management; private banking; and retail brokerage. Merrill Lynch operates in three segments: global wealth and investment management (GWIM); global research; and global banking and markets. GWIM primarily provides wealth management services to high-net-worth individuals and institutions, with a focus on retirement plans, philanthropic planning and asset management. This division utilizes Merill Edge, a self-directing electronic platform that provides clients with access to Merill Lynch investing and Bank of America banking. The global research segment informs and supports customer decisions by analyzing prospective companies, hedge funds, mutual funds, pension funds, wealth management funds and other investment targets. The global banking and markets segment services corporations, institutions and government entities with debt underwriting, financing and other banking services. Merrill Lynch owns a 34% stake in private equity firm BlackRock, Inc. In December 2011, GWIM launched an online Special Needs Calculator to help caregivers of individuals with special needs ensure a lifetime of financial security. In addition, the company expanded CashPro Connect and eBAM, an electronic bank account management service, to corporate and commercial clients throughout the U.S. and Europe.
FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full
amount. Yr. 2010 note: Fiscal 2010 results were not available for all companies
at press time.
- 2010 Sales: $27,871,000
- 2009 Sales: $29,519,000
- 2008 Sales: $16,784,000
- 2007 Sales: $62,675,000
- 2006 Sales: $69,352,000
- 2010 Profits: $3,776,000
- 2009 Profits: $7,340,000
- 2008 Profits: ($27,612,000)
- 2007 Profits: ($7,777,000)
- 2006 Profits: $7,499,000
Stock Ticker: Subsidiary
Employees: 19000
Fiscal Year Ends: 12/31