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Got the following link in today's E-mail introducing Merrill-Lynch's Unlimited Advantage service.

http://www.plan.ml.com/zine/personal/perstory187a.html

I must confess that I don't see much of an "advantage" to any of this.

Anyone paying an "advisor" 0.30% of assets to manage his "cash" will have a hard time accumulating his first million -- reaching the $10 million plateau on the fee table entitling you to "customized pricing" is probably a pipe dream.

intercst
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Anyone paying an "advisor" 0.30% of assets to manage his
"cash" will have a hard time accumulating his first million --
reaching the $10 million plateau on the fee table entitling you
to "customized pricing" is probably a pipe dream.


They are not in business to make you a million, but to make themselves a million.
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I must confess that I don't see much of an "advantage" to any of this.

Anyone paying an "advisor" 0.30% of assets to manage his "cash" will have a hard time
accumulating his first million -- reaching the $10 million plateau on the fee table entitling
you to "customized pricing" is probably a pipe dream.

I received information about 'Unlimited Advantage' too, although it offered an annual fee of 'no more than 1% of all you have with us' (minimum fee, $1,500). Since this about the amount we've paid in the past what is the 'ADVANTAGE?'
I am a new Fool and it will take a while to divest ourselves of the Wise although that is the goal.
Wish us luck.
the squirrel
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