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You wrote, I would assume Merrill Lynch charges a commission for purchase/sale of each trade of the Vanguard ETF's (probably $4.95 - $6.95 per trade), but that commission is a lot cheaper than what they probably charge if you bought the actual mutual fund itself (can be $45 - $75 per trade when buying other brand mutual funds depending on the broker).

Actually Merrill Edge offers 30 free trades/month to anyone with at least $50,000 in assets in a combination of Merrill and/or Bank of America accounts. Over $100,000 gets you 100 free trades/month.

That's one of the reasons Merrill doesn't have an NTF ETF list. All ETFs are effectively NTF, if you have enough in assets. That includes all of the Vanguard ETFs.

I would assume that's partly why LisaMA picked Merrill.

- Joel


Good to know, Joel. That's even better for the OP to save the commission costs for the Vanguard ETF's at ML.
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