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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 are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value.
Lockbox Solutions are offered through PNC bank, an independent provider not affiliated with Merrill Lynch. Merrill Lynch refers lockbox inquiries to PNC Bank and may receive a fee for such a referral.
The Merrill Lynch Private Sales Referral Network is a service through which Merrill Lynch clients are referred to independent third party investment banking firms.
Working Capital Management Account and WCMA are registered service marks of Merrill Lynch & Co., Inc.
The WCMA® account is a product of Merrill Lynch, Pierce, Fenner & Smith Incorporated.