Each portfolio is constructed to meet its objective and risk profile, ranging from conservative to aggressive. These portfolios, both taxable and tax-aware, are actively monitored, evaluated and reallocated to maintain diversification and react to changing market conditions. For a number of Merrill Edge Select Portfolio strategies, a choice of investment approaches is available. One approach uses only index funds while the other approach uses a combination of index funds and actively managed mutual funds. A Financial Solutions Advisor will help you determine which strategy aligns to your goals.