In 2019, Bank of America rebranded the unit to "Merrill". was merged into Bank of America Corporation in October 2018, with certain Bank of America subsidiaries continuing to carry the Merrill Lynch name, including the broker-dealer Merrill Lynch, Pierce, Fenner & Smith. The acquisition was completed in January 2009 and Merrill Lynch & Co., Inc. agreed to be acquired by Bank of America on September 14, 2008, at the height of the financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail. Prior to 2009, the company was publicly owned and traded on the New York Stock Exchange. The company also operates Merrill Edge, an electronic trading platform. Merrill employs over 14,000 financial analysts and manages $2.3 trillion in client assets.
The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place complex in Manhattan. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America.
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