Merrill Lynch

Customer Service

So I was tired of getting 0% on my cash. I went to ML asking for an investment targeting the Dow with a weighting toward dividends.

I hoped to watch this for 5 to 10 years so I’d know it would be right for retirement.

I emphasized this was to be “safe” money focused on the Dow.

They invested me in a dividend focused fund and explained it was focused on the Dow.

After 3 years of under-performance by as much as 15%, I asked why they were not tracking the Dow.

They explained they put me into a dividend maximizing fund and NOT a Dow focused dividend weighted fund.

I took them to small claims court. They said I should not have trusted my advisor.

It was up to me to read the prospectus to know what I was buying.

Why have an advisor if they aren’t going to put you into what you ask.

I do not advise going to Merrill Lynch OR Driscoll Decanto. Obviously they do not understand how to invest your money the way you ask.

The outcome of my court case is public record and you will see it doesn’t matter what you tell your advisor, it is up to you to read the prospectus and understand what you as buying.

Is Merrill Lynch a scam?
Merrill Lynch is a scam and a bad service provider as per the report filed on They are not aggressive towards their customer satisfaction and complaint grievance.
Is Merrill Lynch legit?
First Merrill Lynch is not a legit business owner or provider. You must take necessary precautions/measures before buying or using their services.
How many reviews are submitted by Merrill Lynch’s consumers?
There is/are 1 review(s) posted about Merrill Lynch and it indicates that the severity of the scam is Medium.
Where is Merrill Lynch located?
Merrill Lynch is located at 100 Federal Street, 100 Federal St fl+17, Boston, MA 02110, USA. You can contact Merrill Lynch by dialing (617) 946-4000 or visit their website before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary loss is incurred by Merrill Lynch’s customers?
According to the report(s), US $4387 was the total loss incurred by Merrill Lynch’s customers.

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Reported Loss :4387 $
Severity of Scam :Medium
Reported by : Anonymous
Views :