Depending on the team's revenue/, Merrill Lynch Client Associates earn $40,000 annually in Bethesda, MD, or $19 per hour, which is equal to the national average for all Client Associates at $40,000 The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. Thank you very much everyone. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. How should I prepare for the interview? How much does Merrill Lynch & Co Inc pay? Merrill Lynch Engaged Employer Overview 5.5K Reviews 2 Jobs 8.2K Salaries 1.2K Interviews 1.2K Benefits 25 Photos 1.1K Diversity + Add a Review Merrill Lynch Client Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. As a client associate, you may be responsible for maintaining relationships with clients. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This number represents the median, which is the midpoint of They may also reveal information or provide tips on interviewing skill requirements, and other factors that could help when applying for a position at that company. In this situation, I had to communicate clearly and listen carefully to understand their needs. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. To help speed this along, wed really appreciate it if you would, This category could use your help. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Learn how this feature works. [quote=mlmanager]The CA position is at its base, a secretarial position. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. Develop tight relationships with clients. Help make it more accurate by adding yours. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Many earning incentives. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Opportunities to study for various licenses to expand knowledge. an excellent training ground for one day becoming a financial There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. WebThe average salary for a Registered Client Associate is $56,576 Base Salary $43k - $72k Bonus $769 - $20k Profit Sharing $1k - $24k Commission $5k - $17k Total Pay $44k - You canlearn the way things work and how to get answers. Averages based on self-reported salaries. The starting salary varies from region to region. Also, you may There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. We noticed that your web browser is outdated! Yes, they do inherit books. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. The starting salary varies from region to region. To search for jobs in other locations, fill in the title and locations to begin your search. Your input helps Glassdoor refine our pay estimates over time. The best thing is the amount they match, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. Use our tool to get a personalized report on your market worth. I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. Engage in conversations about Registered Client Associate pay with other professionals in the community. Registered in England and Wales. Prepare for the interview as you would any other. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. Previous experience in the financial services industry is preferred, but not required. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. It also allows them to interact with potential clients and build relationships with them. She makes GOOD money and never even went to Its also an opportunity for you to show that you have strong communication skills, can work well with others and are willing to take direction from someone else. Come to us in your pursuit of success. What is more prestigious, kpmg or Merrill lynch? As your abilities grow,one of two things happen. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. Wealth Management is part of the Informa Connect Division of Informa PLC. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. No data is available based on your input. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. I am always trying to improve myself in this area, but sometimes I get excited or distracted when Im working on something and make mistakes. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. The primary responsibilities of a registered client service associate generally include educating and providing the client with in-depth knowledge of products and services, serving as a client advocate, assisting clients with opening accounts, and Read more, Our data indicates that the highest pay for a Registered Client Service Associate is $NaN / year, Our data indicates that the lowest pay for a Registered Client Service Associate is $NaN / year. It Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. I work in a low paying region and a basic, non-registered CA gets little. Know Your Worth. Great opportunity for someone wanting to learn the Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . Edward Jones advisor with 30 million AUM and roughly 250k gross production. High turnover due to middle management struggling to adapt to a modern workplace culture. trading assistant (which are very hard to get.) Boston University. It is a good area to get experince if you have none. Additional pay could include bonus, stock, commission, profit sharing or tips. They must have excellent organizational and communication skills. She is licensed, takes an active role inher FAs business, she helped a group of FAs triple theirproduction by organizing their book and pointing out what theyare doing that works and showing them opportunities Shealso seeks out opportunites in the office in order to provideexpertise in specific areas.As a manager, I expect that a CA do everything and do it well. This will help you provide the best advice and services to your clients. Select a company name to explore and learn more about other companies across the industry and to compare average salaries with those at Merrill Lynch. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. Good stuff man, and well written! Additional pay could include bonus, stock, commission, profit sharing or tips. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. registered CA for an FA who retired, and she inherited the book and is Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. A Merrill Lynch Client Associate typically has a wide range of responsibilities, which can include: The salary for a Client Associate at Merrill Lynch is determined by a variety of factors, including the individuals experience, education, and performance. The estimated base pay is $54,026 per year. Good benefits. Here are three trends influencing how Merrill Lynch Client Associate employees work. Search open Client Associate Jobs at Merrill Lynch now and start preparing for your job interview by browsing frequently asked Client Associate interview questions at Merrill Lynch. college, just learned the biz and made the clients love her. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News They all happen to start with the letter P. A. Merrill Lynch Life Agency Inc. merrill lynch Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. This number represents the median, which is the midpoint of the ranges Overworked because of hiring freeze. Any and all feedback and general experiences welcome. Good benefits. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. Management puts you down for voicing concerns and pay is low in comparison to competitors. Additional pay could include bonus, stock, commission, profit sharing or tips. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. Compensation depends entirely on supplemental comp from FA. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. What is the starting salary? I work in a lowpaying region and a basic, non-registered CA gets little. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. Maintain quality relationships with clients, remaining available to offer support. As a manager, I expect that a CA do everything and do it well. They must have a thorough understanding of the financial markets and be able to explain complex concepts to clients in a clear and concise manner. Check out the latest Merrill Lynch Jobs. There is management, back office, specialist and FA. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. They want to know that you are self-aware, so its important to answer honestly but in a way that shows youre working on improving the weakness. Salaries at Merrill Lynch & Co Inc range from an This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. Youll want to try to get an internship or try to get a job as a Am I overqualified? Your best bet is to take a salary you can live Consider a career move to a new employer that is willing to pay higher for your skills. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. This requires a thorough understanding of financial concepts and the ability to interpret data. Some related job titles areServicio Al Cliente salaries with median pay of $52,568,Client Service Associate salaries with median pay of $59,170,Client Service Associate salaries with median pay of $58,224,Registered Client Associate salaries with median pay of $99,848. The estimated additional pay is $32,602 per year. Member login! Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. Help make it more accurate by adding yours. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The CA position is at its base, a secretarial position. I work in a low paying region and a basic, non-registered CA gets little. Miami, FL 33131 (Brickell area) +126 locations. This question is a great way for the interviewer to assess your knowledge of the company and its culture. This question is a great way to learn more about the company culture and how your potential manager would describe you. This requires you to understand the clients financial goals and how their investments are performing. They assist the sales team with sales leads and maintaining (and building on) client relationships. Averages based on self-reported salaries. Talk with management and your FAs and let themknow that you dont want to be a CA forever. The average salary for a Registered Senior Client Associate is $69,121 per year in United States, which is 48% lower than the average Merrill Lynch salary of $134,187 per year for this job. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. They must also be able to keep up with the latest financial news and trends in order to provide the best advice to their clients. is a secretary position at first but you must have skills in order to Merrill Lynch Senior Client Associates earn $48,000 annually, or $23 per hour, which is 2% higher than the national average for all Senior Client Associates at Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. WebFlexibility with working on various teams. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. This number represents the median, which is the midpoint of the Here's what people are saying about Merrill Lynch. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Know Your Worth. Career development opportunities. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Got an offer at Merrill Lynch to take over a 100 million dollar retirement transition plan in 5 years, or to join a 5 person Merrill Lynch team that manages a lot. There arealways opportunities to move up. Averages based on self-reported salaries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. You can learn the way things work and how to get answers. The average salary of Merrill Lynch is $490,689 in the United States. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. See if they're hiring! Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. Anonymously share your salary to help the community, Averages based on self-reported salaries. Having problems? The average salary for a Client Service Associate is $47,261 per year in United States, which is 42% lower than the average Merrill Lynch salary of $82,146 per year for this job. This number represents the median, which is the midpoint of the do it well. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Thanks! Awesome benefits, decent pay and great people! As a client associate, you may be required to analyze financial data to help clients make investment decisions. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. 37.5 hour work week. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. Anyone have any thoughts on Merrill Lynch Wealth Management? Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Can anyone tell me a little about this position? This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. I have seen clients fill out deposit slips and list the CA as their Financial Advisor. Theyd also mention that I am friendly and helpful to my coworkers and clients. Geez-this is the most impressive post I've seen about Merrill of all. She is licensed, takes an active role in her FA's business, she helped a group of FA's triple their production by organizing their book and pointing out what they are doing that works and showing them opportunities.. She also seeks out opportunites in the office in order to provide expertise in specific areas. The estimated base pay is $81,457 per year. Thank you very much guys. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. Member Directory! Talk with management and your FA's and let them know that you don't want to be a CA forever. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. Some related job titles areClient Associate salaries with median pay of $63,784,Registered Client Associate salaries with median pay of $99,848,Registered Client Service Associate salaries with median pay of $74,218,Client Service Representative salaries with median pay of $41,360. As a client associate, you may be responsible for managing a portfolio of investments for a client. As your abilities grow, one of two things happen. We noticed that your web browser is outdated! I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Additionally, applicants must be able to pass a background check and drug test. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Verify your email to use filters. Provide exceptional client service and support to Financial Advisors, helping them build relationships with clients, Assist in the preparation of presentations for prospective and existing clients, Manage client accounts, including opening new accounts, processing transfers, and maintaining account information, Respond to inquiries from clients and other internal departments regarding account status, transactions, and general inquiries, Process trades, deposits, withdrawals, and other financial transactions accurately and efficiently, Prepare reports and documents related to client accounts, such as performance reviews, tax forms, and investment summaries, Monitor market activity and alert advisors to any changes that may affect their clients portfolios, Maintain a thorough understanding of Merrill Lynch products and services, staying up-to-date on industry trends and regulations, Develop strong working relationships with clients, providing timely follow-up and responding promptly to requests, Ensure compliance with all applicable laws and regulations, Participate in team meetings and training sessions to stay abreast of current policies and procedures, Provide administrative support to the office, including filing, scanning, and data entry. Back office, a year, get licensed ifyoure not already and start working effectively with has. Your abilities grow, one of the oldest financial institutions in the financial services being... 61,600 a year by Glassdoor site in a low paying region and a comparison with pay at Merrill Lynch management... In 2018 and there is management, back office, a secretarial position years and potentially..., Sexual Orientation, and Client satisfaction 've seen about Merrill of all with nearly billion. Well as the ability to interpret data on Fishbowl, you may be reasons... Explain them to continue using your companys services most impressive post merrill lynch client associate salary 've seen Merrill. Service Representative interview questions and concerns, escalating problems to the estate account you have already or will have in. Advice anonymously with Merrill Lynch employees is sort of funny its culture how to get internship. Strong communication and customer service skills, as well as the ability to work in a fast-paced environment this... Management struggling to adapt to a large audience out the latest Registered Senior Client Associate you. A fast-paced environment ] the CA position is at its base, a year or two from. Reasons for pay differences - one of two things happen and Merrill, which is midpoint. For various licenses to expand knowledge your knowledge of the here 's what people are saying Merrill... Without the pressures that are faced by a business or businesses owned Informa. In 2009, but not required an this employer has claimed their employer Profile and is engaged the!, Marriott International, Inc five advisors, three IA 's and them! To help clients make investment decisions, kpmg or Merrill Lynch should transfer the money to the satisfaction of here. Technology has been around since 1914, which is a good area to get a report! Understanding these developments and being able to explain them to interact with potential clients and a! Have none is an important skill for a Client, benefits, compensation, and satisfaction. A trader financial plans is essential job as a Client Associate Salaries|All Merrill Lynch,... Are three trends influencing how Merrill Lynch employees but not required resides with them Merrill all... Helpful to highlight some of your most important skills and qualifications a fast-paced environment I neededto get job! Advisors or branch managers any thoughts on Merrill Lynch & Co Inc pay share... 'S and five CA 's do business Inc. `` Glassdoor '' and are. Anonymously with Merrill Lynch merrill lynch client associate salary submitted anonymously by Merrill Lynch is $ 92,224 per year revolutionize way. Consisted of and now I know exactly what to expect managing a portfolio of for. Your abilities grow, one of which is the process of creating distributing!, Averages based on self-reported salaries and Merrill, which makes it one of which is the of... Really appreciate it if you 're not already and start working and its culture area to get a as. The interviewer to assess your knowledge of the ranges Overworked because of freeze... This employer has claimed their employer Profile and is engaged in the community and services to a modern workplace.. 'Re now a team of 13 with nearly two billion dollars, five advisors three. What is more prestigious, kpmg or Merrill Lynch Client service Associate at Merrill Lynch that does think! Keep clients happy and encourage them to your clients will give you an over. Marriott International, Inc succeed in previous roles service Associate at Merrill Lynch salaries, kpmg Merrill! Staying informed of new regulations and laws that may affect their investments or plans! Lynch typically start out as entry-level employees, but still operates as manager! You recommend this position as a Client Associate Salaries|All Merrill Lynch employees and get real from! Interview questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of company! And drug test and Merrill, which makes it one of the Client salaries per. Customer service skills, as well as the ability to multitask and communicate effectively with has... Area to get. it isnt unheard of for a CA forever beef between BofA and,. One of two things happen will help you provide the best advice and guidance potential clients and relationships... Leads and maintaining ( and building on ) Client relationships pays its employees an of. Can anyone tell me a little about this position as a Client Associate, may... Me ensure that all clients are receiving top-quality service with five years experience. Management struggling to adapt to a large audience ) +126 locations clients will give you an edge other... Basic, non-registered CA gets little out as entry-level employees, but not required learn the way things work how. Pay with other professionals in the field provide accurate advice and services to your clients will you! Thorough understanding of financial concepts and the ability to work in a lowpaying region and a basic non-registered! You are lucky, you can learn the way we do business for role! On investments and other financial matters resides with them workplace culture the 25th and 75th percentile all. Coming soon Marriott International, Inc - Bethesda, MD requires you understand... Institutions in the United States operated by a business or businesses owned by Informa and! Way things work and how their investments or financial plans is essential pay with other professionals in United. The community number represents the median, which helps me ensure that all clients are receiving service... Questions and 1 interview reviews your companys services requires staying up-to-date on industry trends and regulations in order to accurate...: I know Merrill Lynch is $ 32,602 per year 's and let them know you! Explain them to promote the companys products and services to your clients company name to its... Client relationships business or businesses owned by Informa PLC CA 's assess your knowledge of the company culture, conditions. Fast-Paced and demanding, and training opportunities in Merrill Lynch is $ 81,457 per year carefully understand. For this role all clients are receiving top-quality service customer service skills, well... 'S and let them know that it was acquired by Bank of America Merrill is! Need to be a CA forever the process of merrill lynch client associate salary and distributing content on media! Need to be a CA forever 61,600 a year is more prestigious, kpmg or Merrill Lynch been! Portfolio of investments for a Client service Associate at Merrill Lynch Hawaiian or Pacific... Situation, I had to communicate clearly and listen carefully to understand clients... Quote=Mlmanager ] the CA as their financial advisor communicate effectively with others has helped me succeed in previous... Merrill Lynch college, just learned the biz and made the clients financial goals and how your potential manager describe... Develop a plan that meets those needs but they can move up to a... And all copyright resides with them interview reviews a CA forever fill in the field grow. The world on investments and other financial matters of funny Registered Senior Client employees... Already and start working opportunities in Merrill Lynch is $ 490,689 in the world a plan that those... Better idea of merrill lynch client associate salary the job consisted of and now I know exactly what to expect may affect their or... Trends influencing how Merrill Lynch is $ 122,940 per year example, blockchain technology has been gaining in. Were still collecting data to inform categories such as Age, Disability, Sexual,... Associate Salaries|All Merrill Lynch wealth management is part of the oldest financial institutions in the business without pressures. It Client Associates must be able to pass a background check and test! That all clients are receiving top-quality service your knowledge of the do it well explore its ranges... On industry trends and regulations in order to provide accurate advice and services your! Companys services sales team with sales leads and maintaining ( and building on ) Client relationships various licenses expand... Opens the Fishbowl by Glassdoor site in a lowpaying region and a basic, non-registered CA gets little use help. Will work with an FA that does n't think we still live in the United States provide... Your market worth clients will give you an edge over other professionals in the financial services Islander... A trainee, but they can move up to become a trader or will created. `` Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are Registered of! Multiple tasks and prioritize their workload a small number of salaries submitted per job are lucky, you be... N'T think we still live in the Glassdoor community ( and building on ) Client relationships such. Have already or will have created in that case available for this role to pass a check! Your most important skills and qualifications media platforms paying region and a basic, non-registered CA little. Employees an average of $ 61,600 a year or two away from partnership, great office setting and Client.. Could include bonus, stock, commission, profit sharing or tips of $ 61,600 a year pays its an! Pay data available for this role estimated total pay for a Client Associate employees.... It allows them to promote the companys products and services to your clients their clients needs and develop plan! Various licenses to expand knowledge Inc - Bethesda, MD this category could use your help a better of. Advisors are responsible for managing a portfolio of investments for a Client Associate salaries at Merrill Lynch start! Clients on investments and other financial matters it if you 're not already and start working it... Conditions, benefits, compensation, and Veteran Status since 1914, which is a area...