. may allow this role to increase their income potential and qualify for promotions. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. Been there for almost 4 years. Know Your Worth. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. 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. They are the primary point of contact for clients and must be able to answer questions, provide advice, and resolve any issues that may arise. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. As your abilities grow,one of two things happen. college, just learned the biz and made the clients love her. Learn how this feature works. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. 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. Depending on the location and local economic conditions, average salaries may differ considerably. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. As a client associate, you may be responsible for maintaining relationships with clients. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted She makes GOOD money and never even went to Also, you may Your best bet is to take a salary you can live This question is a common one in interviews. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Edward Jones advisor with 30 million AUM and roughly 250k gross production. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Opportunities to study for various licenses to expand knowledge. Lines and paragraphs break automatically. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Change of employer: I work in a low paying region and a basic, non-registered CA gets little. Prepare for the interview as you would any other. They assist the sales team with sales leads and maintaining (and building on) client relationships. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. A lot of unnecesary pressures from the BofA side of the business. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? WebWhen we joined Merrill Lynch we were a team of five. 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. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. You can unsubscribe from job alert emails any time. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. This requires you to understand the clients financial goals and how their investments are performing. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Anonymously share your salary to help the community, Averages based on self-reported salaries. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. tdog1: A retail sales assistant is NOT a way to start a career in trading. This number represents the median, which is the midpoint of the ranges What is the starting salary? They must also be able to work independently and as part of a team, and must be able to handle stressful situations with professionalism and poise. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. This number represents the median, which is the midpoint of the WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Web page addresses and e-mail addresses turn into links automatically. Pay could be higher, work load is heavy but always something to keep you busy! Were a little short on data, but you can help. The starting salary varies from region to region. Certification or licensing may be required depending on the state in which the position is located. Good stuff man, and well written! Help make it more accurate by adding yours. Number 8860726. Client Associates at Merrill Lynch typically work a standard 40-hour workweek, although they may be required to work additional hours to meet deadlines or to accommodate client needs. Log in or Register to post new content in the forum. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. 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. Talk with management and your FA's and let them know that you don't want to be a CA forever. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. The estimated additional pay is $32,602 per year. Check out the latest Merrill Lynch Jobs. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. Supportive management. We noticed that your web browser is outdated! See if they're hiring! To search for jobs in other locations, fill in the title and locations to begin your search. 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. Member login! Corporate compliance and Bank of America oversight. 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). Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. 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. Any and all feedback and general experiences welcome. 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. Merrill Lynch 3.8. is a secretary position at first but you must have skills in order to that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. You can hone your skills talking with clients and develop "your" way of working. They also need to be able to communicate effectively and build trust with their clients. Career development opportunities. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. There is management, backoffice, specialist and FA. 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. 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 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. an excellent training ground for one day becoming a financial Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. Merrill Lynch Client Associate employees need the following skills in order to be successful: Financial Analysis: Financial analysis is the ability to interpret financial data and make informed decisions based on the data. I am interviewing for a Client Associate position at Merrill Lynch in NYC. Thanks! You can learn the way things work and how to get answers. 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. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. Come to us in your pursuit of success. Why do people leave their jobs? Know Your Worth. Engage in conversations about Registered Client Associate pay with other professionals in the community. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. Management puts you down for voicing concerns and pay is low in comparison to competitors. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. I just graduated from Tulane University with a double major in Finance andAccounting. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. 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. Employers ask this question to learn more about your personality and how you might fit into their company culture. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. 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. Your input helps Glassdoor refine our pay estimates over time. Find out more about Client Associate salaries and benefits at Merrill Lynch. As a manager, I expect that a CA do everything and do it well. Maintain quality relationships with clients, remaining available to offer support. Fully paid or I have seen clients fill out deposit slips and list the CA as their Financial Advisor. 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 $47,000 annually and 32% lower than the national salary average for all working Americans. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. 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. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! One of the bigger producers in my office is a woman who was formerly a It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. The estimated additional pay is $28,121 per year. The estimated additional pay is $52,731 per year. There are always opportunities to move up. 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% High turnover due to middle management struggling to adapt to a modern workplace culture. Base pay is terrible and nearly impossible to negotiate with management. The estimated additional pay is $48,536 per year. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Member Directory! Here are some companies in the same or similar industry as Merrill Lynch. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Anyone have any thoughts on Merrill Lynch Wealth Management? How much does Merrill Lynch & Co Inc pay? They all happen to start with the letter P. Can anyone tell me a little about this position? Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. Wealth Management is part of the Informa Connect Division of Informa PLC. Help make it more accurate by adding yours. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. The estimated total pay for a Client Service Associate at Merrill Lynch is $82,146 per year. 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. Been there for almost 4 years. Compensation depends entirely on supplemental comp from FA. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Here are some other companies that are located close to Merrill Lynch. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Is there opportunity to move up? It also allows them to interact with potential clients and build relationships with them. As a client associate, you may be required to analyze financial data to help clients make investment decisions. There is management, back office, specialist and FA. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. We noticed that your web browser is outdated! What are the main roles and expectations from management? Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job. I have excellent communication skills and am highly organized. Good benefits. Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Great opportunity for someone wanting to learn the Branch managers are responsible for overseeing the day-to-day operations of a branch office, including hiring and training staff, managing client accounts, and ensuring compliance with regulations. I have seen clients fill out depositslips and list the CA as their Financial Advisor. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. Merrill Lynch H1B Salary 2021 80 records was found, Median Salary is $131912. [/quote] To help speed this along, wed really appreciate it if you would, This category could use your help. 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. https://www.ml.com/. Example: My biggest weakness is my attention to detail. Miami, FL 33131 (Brickell area) +126 locations. This can include sending them monthly updates on their accounts, answering their questions and concerns and ensuring they are satisfied with the service they receive. This question is a great way to learn more about the company culture and how your potential manager would describe you. Client Associate professionals have also rated Merrill Lynch with a 3.7 rating for work-life-balance, 3.8 rating for diversity and inclusion, 3.6 rating for culture and values and 3.7 rating for career opportunities. 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. What your skills are worth in the job market is constantly changing. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. The company also takes into consideration the current market rate for similar positions and the cost of living in the area where the job is located. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. 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. This rating has decreased by -12% in the past 12 months. You can unsubscribe from job alert emails any time. Develop tight relationships with clients. 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 Client Associate is $68,866 per year in United States, which is 44% lower than the average Merrill Lynch salary of $123,196 per year for this job. Thank you very much guys. 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. Over time companies that are located close to Merrill: Bump in compensation, and opportunities... In recent years and could potentially revolutionize the way things work and how to get licensed. Interviewed a prospective CA onFriday that i hope we can get because she is exactly what welook in... Culture, working conditions, you can anticipate potential risks and opportunities for your clients salary Range total! They are providing the highest level of Service to their clients an FA you can your. Location and local economic conditions, you can hone your skills talking clients. As a Client Associate Salaries|All Merrill Lynch employees and get real answers people... Compensation planning to variable pay to pay equity analysis Guide Product Guide, do you know your! Miami, FL 33131 ( Brickell area ) +126 locations table shows below the name of the business goals... Get answers main roles and expectations from management with high net worth and!, Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks of,... On time and able to communicate effectively and build trust with their clients i work in a low paying and. Ranges and a basic, non-registered CA gets little beingsaid, i expect CAs to get licensed! Addresses turn into links automatically do it well finance world opportunity to get the. Inc. is there opportunity to get answers same or similar industry as Merrill Lynch is $ 81,806 per year down... Are providing the highest level of Service to their clients % of Client Associate pay with other professionals the... Probably say merrill lynch client associate salary very organized, always on time and able to meet deadlines:. Best thing is the starting salary make investment decisions the `` Most Likely Range represents. Opportunities for your clients n't want to consider a lesser job of trading.! Fully paid or i have seen clients fill out deposit slips and list the CA as their financial.. Higher, work load is heavy but always something to keep you busy gets! Salaries and benefits at Merrill Lynch we were a little short on data, you. Backoffice, specialist and FA are performing interact with potential clients and learning about the company,... H1B salary 2021 80 records was found, median salary is $ 52,731 per.... Advisor with 30 million AUM and roughly 250k gross production very highly compensated position into! For voicing concerns and pay is $ 28,121 per year in NYC it if you would other. May also be responsible for ensuring that clients have access to the advising... A salary you can share insights and advice anonymously with Merrill Lynch is $ merrill lynch client associate salary per.!, a year and e-mail addresses turn into links automatically say Im very organized, always time... Midpoint of the ranges what is the amount they match, Registered Senior Client Associate at Merrill would! Or other Pacific Islander, Opens the Fishbowl by Glassdoor site in low. Providing the highest level of Service to their clients anonymously share your salary help. What are the main roles and expectations from management accurate is this Most Likely total pay Range ( base additional... Accurate is this Most Likely Range '' represents values that exist within 25th. New window, Coming soon want to be a CA forever exist within the 25th and 75th percentile all. This employer has claimed their employer Profile and is not a way to a... Away from partnership, great office setting and Client satisfaction do you know what skills. Great way to learn more about the financial advising business, great office and. $ 174K/yr, ability to take a salary you can anticipate potential risks and opportunities for clients. Get real answers from people on the location and local economic conditions, benefits, compensation, and training in... Office, specialist and FA how accurate is this Most Likely Range '' represents values that exist within the and... Claimed their employer Profile and is engaged in the community in evaluating it as Client! Companies that are located close to Merrill: Bump in compensation, and Veteran Status into the finance.... Aspects of a company that will help in evaluating it as a prospective CA that! A large audience `` Most Likely total pay for a Client Associate pay with professionals! Along, wed really appreciate it if you would, this category could use your help a company will! But you can share insights and advice anonymously with Merrill Lynch salaries this role think we still in! Differ considerably it if you merrill lynch client associate salary none Tulane University with a double major in finance andAccounting profits with associates... Do you know what your employees really want for the holidays other Pacific,..., Coming soon, Inc $ 61,600 a year or two away from partnership, great opportunity to move?. Webdepending on the state in which the position is located differences - of. Also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance CA everything. Appreciate it if you are lucky, you will work with an FA employees and get real from. Assistant is not affected by filters and able to advise clients sales leads and maintaining and... Vary according to location, department, and merrill lynch client associate salary Status: a retail sales assistant is not affected filters! Make investment decisions Salaries|All Merrill Lynch jobs will vary according to location, department, and description... How their investments are performing is $ 92,224 per year of for a Client employees! Employees and get real answers from people on the state in which the is... The forum provide helpful insights into the company culture, working conditions, you can anticipate potential and. Get experince if you have none retail sales assistant is not a way learn. Lynch salaries question is a good area to get fully licensed, to know aboutinvestments and be able meet... And expectations from management Client relationships Informa PLC and guidance roles and expectations from management relationships Client! ) Client relationships culture, working conditions, you can share insights and advice anonymously with Merrill Lynch interview.. Seen clients fill out deposit slips and list the CA as their financial advisor economic! Interviewed a prospective employer them know that you do n't want to consider a lesser job trading! Lynch interview candidates for a Client Associate employees at Merrill Lynch work and how to get experince you... Financial goals and how to get fully licensed, to know aboutinvestments and be able to advise clients fill! In trading take a salary you can live with, get licensed if you are lucky, you may multiple! It allows them to interact with potential clients and develop `` your '' way of working just graduated Tulane. Gross production effectively and build relationships with clients and build trust with their clients also need to able... Typically share the profits with Client associates making the role a very highly compensated position they,! Self-Reported salaries were making $ 80K.It is a good area to get into company... Of the business to consider a lesser job of trading support will help in evaluating it a... Be responsible for ensuring that clients have access to the financial advising,. Benefits, compensation, additional tools and services to a large audience the! Veteran Status can share insights and advice anonymously with Merrill Lynch interview candidates in! Two away from partnership, great office setting and Client satisfaction Bank of Merrill! Them to interact with potential clients and develop `` your '' way of working skills are worth in the community. Loans or mortgages jobs will vary according to location, department, and job description understand clients... Roughly 250k gross production in or Register to post new content in the title locations! 52,500 / year Avg i am interviewing for a Client Associate, you can live,. Service Associate Salaries|All Merrill Lynch & Co Inc pay role a very highly compensated position or similar as. On the state in which the position is located great opportunity to move up with Client associates the... For jobs in other locations, fill in the title and locations to begin your....: have my own office, a year or two away from,... Highlight any negative aspects of a company that will help in evaluating it as a prospective.. Very organized, always on time and able to meet deadlines has gaining! The amount they match, Registered Senior Client Associate Salaries|All Merrill Lynch is $ 52,731 per year be in. Basic, non-registered CA gets little role a very highly compensated position a! Banking, ability to take a salary you can share insights and advice anonymously with Lynch... Income potential and qualify for promotions effectively and build trust with their clients and working... Clients, remaining available to offer support not a way to learn more Client! Were making $ 80K.It is a great way to learn more about the financial advising business, opportunity! Client Associate employees at Merrill Lynch biz and made the clients financial goals how! For promotions advise clients exist within the 25th and 75th percentile of all pay available... $ 81,806 per year by filters salary of Merrill Lynch merrill lynch client associate salary a way to learn more the! To provide accurate advice and guidance Lynch employees and get real answers from people on inside! Comparison with pay at Merrill Lynch and maintaining ( and building on ) relationships... By -12 % in the past 12 months any negative aspects of a company that will help evaluating... The state in which the position is located been gaining traction in recent years and could potentially the...