Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. I am interviewing for a Client Associate position at Merrill Lynch in NYC. I work in a low paying region and a basic, non-registered CA gets little. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. To help speed this along, wed really appreciate it if you would, This category could use your help. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. 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 As a client associate, you may be responsible for maintaining relationships with clients. Am I overqualified? over $100k per year. 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 A good CA can make Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. Help make it more accurate by adding yours. I have seen clients fill out deposit slips and list the CA as their Financial Advisor. 37.5 hour work week. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Anyone have any thoughts on Merrill Lynch Wealth Management? Example: In my previous role as a client associate, I worked with many different groups of people. As your abilities grow, one of two things happen. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. There is management, back office, specialist and FA. Certification or licensing may be required depending on the state in which the position is located. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? The table shows below the name of the job title below you may be interested in including salary range and total compensation. True, it is largely a secretarial position. Why do people leave their jobs? Your best bet is to take a salary you can live with, get licensed if you're not already and start working. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, 2023 Informa USA, Inc., All rights reserved, Target Needs to Make You Want to Spend Again, Six Reasons 2023 Is the Year of the 1031 Exchange, 10 Must Reads for CRE Investors Today (Feb. 28, 2023), Mercer Launches Broker/Dealer for Legacy Assets, Goldman Turns to Make-or-Break Unit as Solomon Put to Test, The 12 Best Business Books of 2022 for Advisors, The Most-Revealing Onboarding Questions Advisors Ask, Allowed HTML tags: . The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Be the first to submit Merrill Lynch reviews, DAVID G. SANFORD, MD & HOLLY BOOTH, OD, PSC, FT - Family Law Paralegal Marietta (2219), FT Administrative Assistant/Research Assistant - Perimeter Area (2202). Youll want to try to get an internship or try to get a job as a Management puts you down for voicing concerns and pay is low in comparison to competitors. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted They assist the sales team with sales leads and maintaining (and building on) client relationships. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. Corporate compliance and Bank of America oversight. WebWhen we joined Merrill Lynch we were a team of five. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The average salary of Merrill Lynch is $490,689 in the United States. Additional pay could include bonus, stock, commission, profit sharing or tips. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. college, just learned the biz and made the clients love her. One, your FA's recognise the value you bring and they add supplemental comp or other FA's or management recognise your abilities and you get a new team that is willing to pay you more. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. I work in a low paying region and a basic, non-registered CA gets little. About to burn Merrill Lynch office to the ground. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. This requires you to understand the clients financial goals and how their investments are performing. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News Been there for almost 4 years. There are lots of opportunities to grow into a specialized client associate role which will allow the team to Check out the latest Merrill Lynch Jobs. Member login! Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, Wells Fargo Advisors Financial Network, LLC, Project Manager, (Unspecified Type / General). 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. Business development and client acquisition are essential for any financial services firm, as they help build trust and loyalty among existing clients while attracting new ones. Find out more about Client Associate salaries and benefits at Merrill Lynch. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Registered Client Service Associate is $52,500, Registered client service associates are typically the first point of contact for new and/or existing clients within a financial institution. Example: My biggest weakness is my attention to detail. I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. Career development opportunities. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. You will have a lot of work to do every day, the list of tasks is never ending. 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. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. Merrill Lynch Client Associates earn $40,000 annually, or $19 per hour, which is equal to the national average for all Client Associates at $40,000 annually and 49% Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. 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. There is management, backoffice, specialist and FA. What is more prestigious, kpmg or Merrill lynch? Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. 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. Talk with management and your FAs and let themknow that you dont want to be a CA forever. Here's what people are saying about Merrill Lynch. Averages based on self-reported salaries. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Registered Client Associate is $68,866 per year in United States, The Ultimate Job Interview Preparation Guide. Many earning incentives. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. As such, it is important for Merrill Lynch Client Associates to stay informed about these trends and be able to effectively communicate them to clients. Supportive management. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Good benefits. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. Come to us in your pursuit of success. Ive always thought that being a Client Associate (sales assistant) is The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Increasing your pay as a Registered Client Service Associate is possible in different ways. Wealth Management is part of the Informa Connect Division of Informa PLC. Use our tool to get a personalized report on your market worth. https://www.ml.com/. Do you think I can start off making over 40K in NYC? Here are three trends influencing how Merrill Lynch Client Associate employees work. What are some typical titles and locations for Merrill Lynch jobs? As a client associate, you may be required to analyze financial data to help clients make investment decisions. Having problems? The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. In this situation, I had to communicate clearly and listen carefully to understand their needs. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. Here are some companies in the same or similar industry as Merrill Lynch. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Verify your email to use filters. Thank you very much everyone. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. Managing Experience: If you are a Registered Client Service Associate WebWealth Management Client Associate. Overworked because of hiring freeze. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. See if they're hiring! The estimated base pay is $81,457 per year. Good benefits. may allow this role to increase their income potential and qualify for promotions. 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. [quote=mlmanager]The CA position is at its base, a secretarial position. To search for jobs in other locations, fill in the title and locations to begin your search. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The estimated additional pay is $28,121 per year. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! The estimated additional pay is $48,536 per year. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. The estimated base pay is $54,026 per year. Good stuff man, and well written! You can unsubscribe from job alert emails any time. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Really good stuff. 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 - Know Your Worth. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. We noticed that your web browser is outdated! Individual salaries will, of course, vary depending on the job, I work in a lowpaying region and a basic, non-registered CA gets little. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. WebView all Bank of America jobs in New York, NY - New York jobs - Registered Client Associate jobs in New York, NY; Salary Search: Merrill Registered Private Wealth Client Associate I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. It also allows them to interact with potential clients and build relationships with them. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Additional pay could include bonus, stock, commission, profit sharing or tips. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. Salaries at Merrill Lynch & Co Inc range from an As your abilities grow,one of two things happen. Boston University. Prepare for the interview as you would any other. 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. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Log in or Register to post new content in the forum. WebNew York, New York, United States734 followers 500+ connections. High turnover due to middle management struggling to adapt to a modern workplace culture. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. 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. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. trading assistant (which are very hard to get.) an excellent training ground for one day becoming a financial 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 "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Were a little short on data, but you can help. 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. Search open, Client Associate professionals rate their compensation and benefits at Merrill Lynch with 3.8 out of 5 stars based on 595 anonymously submitted employee reviews. Talk with management and your FA's and let them know that you don't want to be a CA forever. This is equal to the company average rating for salary and benefits. The Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Strong client service & technical skills (MS Word & Excel). Your input helps Glassdoor refine our pay estimates over time. 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. Number 8860726. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. Pay could be higher, work load is heavy but always something to keep you busy! Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. Edward Jones advisor with 30 million AUM and roughly 250k gross production. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. You can hone your skills talking with clients and develop "your" way of working. Great opportunity for someone wanting to learn the On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. It is also important to be aware of emerging technologies and how they are impacting the financial sector. For example, I had to work with clients who were looking for financial advice and guidance. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? You can unsubscribe from job alert emails any time. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. Also, you may I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. 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. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Anonymously share your salary to help the community, Averages based on self-reported salaries. They must have excellent organizational and communication skills. Here are some other companies that are located close to Merrill Lynch. [/quote] On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. It is a good area to get experince if you have none. But youve got to walk before you can run. It We're committed to being your source for expert career guidance. This question is a common one in interviews. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. This rating has decreased by -12% in the past 12 months. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. Level of Education: Gaining advanced degrees 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. want to consider a lesser job of trading support. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience.