Actively Managing Your Cash Is Crucial to Your Bottom Line

At Merrill Lynch, we integrate cash management, investing and financing through one account so your money is always working for you.

Now you can spend more time running your business and less time managing your cash. Our integrated cash management solutions combine the benefits of the Merrill Lynch Working Capital Management Account (WCMA account), online business banking and the control and management of business expenses through our Merrill Lynch WCMA Business Access Visa Card service.

One of our business clients, Products Services Group, Inc. is using the Merrill Lynch Remote Check Deposit Service to improve their cash flow and check handling process.

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An American Tale

When Bradford Hill’s family concession business at the Statue of Liberty found itself facing towering competition, the efforts of Hill’s Merrill Lynch Financial Advisor helped him come out a winner

The Challenge

Bradford Hill's family has worked in the shadow of one of America's greatest icons since 1931, operating the concessions at the Statue of Liberty. "My grandfather started the business, and when he passed away, my grandmother took over until my father could run it," says Hill. "It's part of our family's heritage, as well as a national symbol of freedom." But in 2006, the National Park Service announced that it was combining the concession contracts for Liberty Island with those of neighboring Ellis Island, and Hill found himself competing with the nation's largest food-service companies for the contract. It took the efforts of Hill and his longtime Merrill Lynch Financial Advisor, Josh Frankel, as well as the newly available capabilities of Bank of America, to keep his family business alive.

 

Retirement Plans for the Self-Employed

Retirement Plans for the Self-Employed

Setting up a retirement plan can require time, money and a fair amount of administrative legwork — all of which can be in especially short supply for those who not only operate their own small businesses but are their own small businesses. Yet choosing a retirement plan is a crucial step for the self-employed "and well worth the effort," says Timothy G. Curran, vice president of Retirement and Benefit Plan Services at Bank of America Merrill Lynch.

"It's essential that small-business owners not end up with all their assets tied up in their businesses," says Curran. "Setting money aside for retirement gives you diversification and the ability to focus on building your business while a professional Financial Advisor helps you invest so that you can pursue your retirement goals.

 

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Disclosure

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker/dealer, not a bank, and the WCMA account is not a bank account. Banking services provided by licensed banks or third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured , not guaranteed by any bank and may lose value.