On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Learn how this feature works. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. https://www.ml.com/. Career development opportunities. I have excellent communication skills and am highly organized. As your abilities grow,one of two things happen. 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. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. The estimated base pay is $54,026 per year. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Merrill Lynch 3.8. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. 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 - WebWhen we joined Merrill Lynch we were a team of five. Develop tightrelationships with clients. Is there opportunity to move up? Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. Base pay is terrible and nearly impossible to negotiate with management. 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. Events! They also need to be able to communicate effectively and build trust with their clients. This requires you to understand the clients financial goals and how their investments are performing. 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. I work in a lowpaying region and a basic, non-registered CA gets little. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Been there for almost 4 years. There is management, back office, specialist and FA. You can unsubscribe from job alert emails any time. Were a little short on data, but you can help. The estimated base pay is $74,660 per year. No data is available based on your input. To search for jobs in other locations, fill in the title and locations to begin your search. 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. Your input helps Glassdoor refine our pay estimates over time. There is management, backoffice, specialist and FA. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. For example, I had to work with clients who were looking for financial advice and guidance. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Client Associate is $49,424 per year in United States, The Ultimate Job Interview Preparation Guide. How should I prepare for the interview? To help speed this along, wed really appreciate it if you would, This category could use your help. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. 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? 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). The estimated additional pay is $28,121 per year. Is this a good entry-level position for someone who wants to do trading? Averages based on self-reported salaries. Averages based on self-reported salaries. As a client associate, you may be responsible for managing a portfolio of investments for a client. Ive always thought that being a Client Associate (sales assistant) is 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. This number represents the median, which is the midpoint of the Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? college, just learned the biz and made the clients love her. We noticed that your web browser is outdated! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Know Your Worth. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. Supportive management. One, your FAs recognise the valueyou bring and they add supplemental comp or other FAs ormanagement recognise your abilities and you get a new teamthat is willing to pay you more. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. With technology and automation taking over many aspects of the job, client associates must be able to build strong relationships with clients in order to provide them with the best possible service. 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. The table shows below the name of the job title below you may be interested in including salary range and total compensation. 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. Depending on the team's revenue/, Additionally, applicants must be able to pass a background check and drug test. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. See if they're hiring! Additional pay could include bonus, stock, commission, profit sharing or tips. 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. 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. 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. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. 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. Help make it more accurate by adding yours. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. Know Your Worth. Find out more about Client Associate salaries and benefits at Merrill Lynch. A. Merrill Lynch Life Agency Inc. merrill lynch now running it. Here are some other companies that are located close to Merrill Lynch. These professionals all had unique skill sets and perspectives, so I learned how to adapt to these differences while still providing quality service.. Additional pay could include bonus, stock, commission, profit sharing or tips. One of the bigger producers in my office is a woman who was formerly a an excellent training ground for one day becoming a financial 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. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? How much does Merrill Lynch & Co Inc pay? It isn't unheard of for a CA to eventually join the team as an FA. How do I rollover my 401k from fidelity to Merrill lynch? This question is a great way for the interviewer to assess your knowledge of the company and its culture. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. As a client associate, you may be responsible for maintaining relationships with clients. Your best bet is to take a salary you can live Increasing your pay as a Registered Client Service Associate is possible in different ways. 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. tdog1: A retail sales assistant is NOT a way to start a career in trading. Client Associates are expected to be available to clients during normal business hours, and may be required to travel to meet with clients or attend conferences. Get a free, personalized salary estimate based on today's job market. Member login! Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. Median Annual Salary: $94,364 ($45.37/hour) Top 10% Annual Salary: $124,950 ($60.07/hour) Merrill Lynch Client Associate Job Requirements To be hired as 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. Really good stuff. Help make it more accurate by adding yours. 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. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. Im excited to work for such a historic company because I believe that working at a place with a rich history will help me learn more about my career path.. As a manager, I expect that a CA do everything and do it well. want to consider a lesser job of trading support. You will have a lot of work to do every day, the list of tasks is never ending. 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: . 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. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Yes, they do inherit books. They all happen to start with the letter P. Averages based on self-reported salaries. She makes GOOD money and never even went to [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. 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. Geez-this is the most impressive post I've seen about Merrill of all. 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. Awesome benefits, decent pay and great people! Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. What your skills are worth in the job market is constantly changing. This number represents the median, which is the midpoint of the The reason we joined Merrill can be centered on four principles. Anonymously share your salary to help the community, Averages based on self-reported salaries. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Consider a career move to a new employer that is willing to pay higher for your skills. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. Thank you very much everyone. 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. It is a good area to get experince if you have none. trading assistant (which are very hard to get.) When answering this question, it can be helpful to highlight some of your most important skills and qualifications. Wealth Management is part of the Informa Connect Division of Informa PLC. This number represents the median, which is the midpoint of the ranges You can hone your skills talking with clients and develop "your" way of working. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! 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% Individual salaries will, of course, vary depending on the job, 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. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. Corporate compliance and Bank of America oversight. I work in a low paying region and a basic, non-registered CA gets little. 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. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. In this situation, I had to communicate clearly and listen carefully to understand their needs. 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. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Use our tool to get a personalized report on your market worth. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. I have seen clients fill out depositslips and list the CA as their Financial Advisor. The CA is there tohelp the FA grow their business. Anyone have any thoughts on Merrill Lynch Wealth Management? Many earning incentives. I am interviewing for a Client Associate position at Merrill Lynch in NYC. Maintain quality relationships with clients, remaining available to offer support. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 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. Here's what people are saying about Merrill Lynch. You canlearn the way things work and how to get answers. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Great opportunity for someone wanting to learn the Fully paid or Your input helps Glassdoor refine our pay estimates over time. over $100k per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 37.5 hour work week. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Registered in England and Wales. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Good stuff man, and well written! Been there for almost 4 years. 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. game without laying it all on the line just yet. The estimated base pay is $59,621 per year. 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. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. 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. This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs Log in or Register to post new content in the forum. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted merrill lynch client associate salary