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Compare Service Options
Which service option is right for you? |
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Invest On Your Own |
Invest with Team of Advisors |
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| Definition | You prefer to invest on your own, directly managing your money and making all investment decisions. | You prefer to invest with guidance from our team of financial advisors who can offer a holistic view of your financial situation | |
| Advice & Planning |
Online tools, calculators and extensive research are available to help you with invest with confidence. | Our team of financial advisors will consult with you over the phone and offer personalized advice tailored for your unique needs. | |
| Accounts | All account types with the exception of 529 Accounts. | All account types | |
| Investments | All investment choices | All investment choices | |
| Pricing | No annual fees are applied to your accounts. Trades can be executed for as little as $0, depending on your investment level and account you hold. Please see pricing guide for full details. |
Fees and commisions are based on your account types and relationship with Merrill Lynch. Please set up a consultation to learn more |
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| Open an Account | Schedule a Consultation | ||
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Gain Tax Advantages
- Earnings grow federal income-tax-free as long as the withdrawals are used for higher-education expenses.1
- You can contribute up to $65,000 ($130,000 for married couples) in a single five-year period without incurring gift taxes, as long as there are no further gifts made to the child in the same five-year period. Contributions of up to $13,000 per year ($26,000 for married couples) can be made without incurring federal gift taxes.
- Contributions are considered completed gifts and are excluded from your taxable estate, even though you as he account owner maintain control of the assets in the account.
Determine your eligibility
Quick sentence about eligibility.
- Eligibility Requirement #1
- Eligibility Requirement #2
- Eligibility Requirement #3
Invest effectively for higher-education expenses
- The assets in a NextGen account can be used for eligible expenses at accredited post-secondary schools in the U.S., including graduate schools and accredited trade schools.2 Expenses include tuition, room and board,3 books and other required supplies.
- The NextGen account contribution limit is $340,000 per beneficiary.
- Choose from a wide range of investment products that let you benefit from professional investment management provided by multiple fund families. A principal protected option also is available.
- Consider an “averaging in” strategy for as little as $50 a month with our Automated Funding Service and/or automatic individual payroll deduction, if permitted by your employer.
