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 dirtyscam.com, They are not aggressive toward their customer satisfaction and complaint grievance.
Is Merrill Lynch a legit?
Merrill Lynch is not a legit business owner or provider, you should take all precautions/measures before buying or using their services.
How many reviews submitted by Merrill Lynch consumers?
There is/are 1 review(s) posted about Merrill Lynch and its indicate 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 ml.com before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary losses incurred by Merrill Lynch customers?
4387 $ monetary losses incurred by Merrill Lynch customers.
The reviews, complaints and scams about Merrill Lynch are deliberately written by anonymous. We, at Dirty Scam are not liable for the content written about Merrill Lynch. If you have any issue with Merrill Lynch incident report, Please contact the author of this complaint directly, as we are not obligated to remove the complaint.

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Federal Street 100
Boston 02110 MA US
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Reviews:0
Reported Loss :4387 $
Severity of Scam :Medium
Reported by : Anonymous
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