Search results
Results From The WOW.Com Content Network
Deposit net new assets of at least $20,000 into your Merrill Edge account within 45 days of opening the account. Maintain that balance for at least 90 days. ... Merrill Lynch, Pierce, Fenner ...
Mark-to-market accounting can change values on the balance sheet as market conditions change. In contrast, historical cost accounting, based on the past transactions, is simpler, more stable, and easier to perform, but does not represent current market value. It summarizes past transactions instead.
Special memorandum account (SMA) [1] is a margin credit account used for calculating US Regulation T requirements on brokerage accounts. In addition to Initial Margin and Maintenance Margin requirements, the SMA ledger is used to lock in unrealized gains that augment the client's buying power.
The cash flow statement differs from the balance sheet and income statement in that it excludes non-cash transactions required by accrual basis accounting, such as depreciation, deferred income taxes, write-offs on bad debts and sales on credit where receivables have not yet been collected. [5] The cash flow statement is intended to: [6] [7] [8]
Source: Wikimedia Commons. Five years ago, Bank of America acquired Merrill Lynch, the nearly 100-year-old investment banking franchise. But it wasn't until today that Merrill Lynch officially ...
In 2015, the Merrill Lynch Broker-dealer incentive system changed to give brokers no money for managing accounts less than $250,000. [11] In 2014, Merrill Edge referred 30,000 customers to Merrill Lynch and U.S. Trust. Converted referrals gave Merrill Lynch an additional $4 billion to manage, which when apportioned among Merrill Lynch's 14,000 ...
The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation.
For example, Merrill Lynch wrote down the value of its MBS to approximately 22 cents on the dollar in Q2 2008. [42] Whether the government is ultimately able to resell the assets above the purchase price or will continue to merely collect the mortgage payments is an open item.