Some of the featured participants are not employees of Merrill Lynch and are not affiliated with Merrill Lynch. The opinions and conclusions expressed are not necessarily those of Merrill Lynch or its personnel.

Merrill Lynch offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligation of the parties.

Case studies are intended to illustrate brokerage and banking products and services available at Merrill Lynch.  You should not consider these as an endorsement of Merrill Lynch as an investment adviser or as a testimonial about a client's experiences with us as an investment adviser. Case Studies do not necessarily represent the experiences of other clients, nor do they indicate future performance. Investment results may vary. The investment strategies discussed are not appropriate for every investor and should be considered given a person’s investment objectives, financial situation and particular needs. Clients should review with their Merrill Lynch Financial Advisor the terms, conditions and risks involved with specific products and services. 

Investing involves risks. Any information presented is general in nature and is not intended to provide personal investment advice. The information does not take into account the specific person who may receive it. Past performance is no guarantee of future results. Neither Merrill Lynch nor its Financial Advisors provide tax, accounting or legal advice. Clients should review any planned financial transaction with their personal professional advisors.

Diversification, asset allocation and rebalancing do not assure a profit or protect against loss in declining markets.

Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation.

Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation.

© 2010 Bank of America Corporation. All rights reserved.