Smart ways to invest small amounts of money
Bank of America/Merrill Lynch
There’s no minimum to open an investment account through the bank’s discount Merrill Edge platform. As you gather more assets, you can move up to the firm’s other offerings. Once you have $250,000 in assets, it may make sense to transfer to a Merrill Lynch adviser, said Aron Levine, head of preferred banking and investments at Merrill Edge at Bank of America. At $3 million or more, you may want advice from U.S. Trust, BofA’s private bank for the very wealthy. You may also want to open the window and scream, "YESSSSSS!"