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Q.Why
should I utilize the services of Merrill Lynch Wealth Management?
With markets becoming volatile and uncertain, it has become
necessary for individual investors to be cautious while investing their savings.
The services of a professional Private Wealth Manager can help you to plan ahead
before investing by keeping your financial goals in mind - whether it is building
a house, saving for child's education or providing for post-retirement expenses.
Over time, we help you build a portfolio constituted of
quality debt and equity instruments. You will not be required to spend time tracking
your investments made through us - we have professionals who will track these investments
for you, and give you timely recommendations.
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Q. Is there a minimum
amount I need to invest to be eligible for your Personalized Services?
At present, Merrill Lynch offers only non-discretionary
investment advisory services. All client applications are screened by the office
management, for eligibility criteria, client suitability on a case by case basis.
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Q. What service fee
would I be required to pay for utilizing your services?
We have a flexible fee structure based on mutually agreeable
terms that is dependent upon the type of services required.
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Q. How frequently do
I get to know how my investments made through you, are faring?
Generally clients receive quarterly statements. Portfolio
reviews are conducted quarterly. However, our Private Wealth Managers are accessible
to clients at all times.
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Q. How confidential
are my investments?
One of our key principles is client confidentiality. Once
you have enrolled with us, only the concerned Private Wealth Manager, his team and
the office management would have access to your account. Unless required by statute,
we would not reveal your identity and investments to anyone else within or outside
the organization.
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Q. What kind of risks would I be taking while investing?
All investments are subject to risks. However, the degree
of risk depends on the nature of investment market conditions, product type, return
expectations and liquidity consideration.
Fixed income (or debt) investments are generally less risky
than equity investments. However, it is very important, even while making fixed
income investments, to analyze the creditworthiness of the issuer and the effect
of market forces on the debt security. Equity investments, on the other hand, are
continuously exposed to the volatility in the stock market.
While investing it is therefore essential that you don't
always expect high returns without fully understanding the risks associated with
your investments. A professional Private Wealth Manager at Merrill Lynch will help
you build a portfolio from investment options carrying different risks, so that
the overall portfolio risk closely matches your risk-bearing appetite to help you
meet your investment objectives.
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Q. Would allocation
of funds and changes to my investment portfolio be subject to my consent, or would
it be at the discretion of my Private Wealth Manager?
We are offering broking and investment advisory services,
which means that your money will be directly invested in the various investments
chosen by you. While the Private Wealth Manager will advise on a customized asset
allocation for you and recommend changes in the allocation from time to time, you
will have the ultimate authority to decide the final allocation, and any changes
in your portfolio would therefore also require your prior approval.
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Q. What is the procedure for applying to your Personalized
Investment Services?
The procedure is fairly simple. If you wish to avail of
our services, please write to Merrill Lynch Wealth Management at
askdspmlonline@ml.com. After an initial meeting,
you will be assigned a Private Wealth Manager who will draw a profile in consultation
with you. You will be required to fill out our Client Profile Form and furnish necessary
documentary details. Thereafter, your Private Wealth Manager
will stay in touch with you for ongoing investments.
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Q. Do you assure any returns on the portfolio handled by
you ?
While it is our sincere endeavor that all our clients earn
healthy returns on their investments, we do not guarantee any returns on the investments
advised by us. Through profiling, we aim to understand your financial needs and
investment objectives better, and through our research and committed service, we
aim to help you build a portfolio commensurate with your risk tolerance and investment
objectives.
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