It was free, now charge $100/yr for small investors see the following e-mail my daughter got: Please review this important information regarding your Merrill Edge self-directed investing Cash Management Account (CMA): We are changing waiver criteria for the Merrill Edge self-directed CMA maintenance fee. As part of our move to relationship based pricing, your self-directed account is subject to this $25 quarterly household [1] fee. The third quarter CMA maintenance fee will be charged on October 1, 2010. You can avoid this fee... read full review »