"We are now bringing the strength of that organization to bear on our mutual fund offerings."
As of 2008, the fund offering was postponed until further notice.
Responses to mutual fund offerings have been similarly overwhelming.
She added, however, that Merrill Lynch has placed a high priority on improving its fund offerings.
The mutual fund offerings by the company were called "people's capitalism" by founder Cornfeld.
The firm has expanded its offerings to include a total of 10 fund offerings to date.
Since 2007, the firm has completed a thorough review of its fund offerings across all asset classes.
To find automatic investment plans, you can look up specific fund offerings on sites like Morningstar.com or call a fund company's toll-free number.
Some people stick with a particular brokerage firm because they prefer its Web site or the range and convenience of its mutual fund offerings.
He has told analysts he will trim fund offerings and cut administrative expenses but does not expect a quick payoff from those efforts.