Retire The Status Quo™
You don't accept the status quo in the delivery of workplace benefits and services, and neither do we. Benefits needs are changing. Americans are living longer, healthier and more active retirements — requiring that employees become more financially fit. Yet, many lack the knowledge, time, and confidence to plan and invest appropriately.
Offering unbiased personalized advice
Now more than ever, employees look to their employers for financial advice. It’s more than just a nice thing to do. At Bank of America Merrill Lynch, we believe that advice is a foundational component of an effective retirement plan.
Advice Access provides unbiased saving, planning and investment recommendations to retirement plan participants. This service, available for plans on our proprietary platform, provides specific actionable advice to help employees establish saving and investment strategies based on their individual goals. Employees can have it their way when it comes to service channels — online, in person, or by phone. Advice Access is provided at no cost when bundled with our recordkeeping services.
Read more about Advice Access
here.
2 The Advice Access service uses a probabilistic approach to determine the likelihood that participants in the service may be able to achieve their stated goals and/or to identify a range of potential wealth outcomes that could be realized. Additionally, the recommendations provided by Advice Access do not consider an individual's comfort level with investment risk, and may include a higher level of investment risk than a participant may be personally comfortable with. Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Advice Access. Participants should carefully review the explanation of the methodology used, including key assumptions and limitations, which is provided in the Advice Access disclosure statement. It can be obtained through Benefits OnLine or through your Bank of America Merrill Lynch Representative.
IMPORTANT: The projections or other information shown in the Advice Access service regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.