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. https://www.ml.com/. 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: . [quote=mlmanager]The CA position is at its base, a secretarial position. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. 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. Any and all feedback and general experiences welcome. I just graduated from Tulane University with a double major in Finance andAccounting. 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. 37.5 hour work week. Previous experience in the financial services industry is preferred, but not required. Use our tool to get a personalized report on your market worth. It 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. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. 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. Your best bet is to take a salary you can live WebWealth Management Client Associate. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Lines and paragraphs break automatically. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted 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.. Your input helps Glassdoor refine our pay estimates over time. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. 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. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. I expect the same from FA's and from other members of the management team. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. This number represents the median, which is the midpoint of Averages based on self-reported salaries. Good benefits. Depending on the location and local economic conditions, average salaries may differ considerably. Learn how this feature works. 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. Example: My biggest weakness is my attention to detail. The Thank you very much everyone. Additionally, applicants must be able to pass a background check and drug test. Additional pay could include bonus, stock, commission, profit sharing or tips. They all happen to start with the letter P. 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. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. 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. Edward Jones advisor with 30 million AUM and roughly 250k gross production. registered CA for an FA who retired, and she inherited the book and is On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. 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. Registered in England and Wales. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. This question is a common one in interviews. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. Yes, they do inherit books. Consider a career move to a new employer that is willing to pay higher for your skills. As your abilities grow,one of two things happen. What is the starting salary? 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. Great health insurance benefits, vacation time, and paid holidays. The estimated base pay is $59,621 per year. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The CA is there tohelp the FA grow their business. 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. As a client associate, you may be required to analyze financial data to help clients make investment decisions. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. 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. 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 Job Description Glassdoor.com Jobs View All Jobs Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Verify your email to use filters. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. Develop tight relationships with clients. There are lots of opportunities to grow into a specialized client associate role which will allow the team to I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Member login! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. 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. 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. What are the main roles and expectations from management? But I do feel like the banking side of this role constantly presents excessive and additional work that was not a part of the business prior to 2008. Very fast pace. But youve got to walk before you can run. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There are always opportunities to move up. Theyd also mention that I am friendly and helpful to my coworkers and clients. 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. Financial advisors are responsible for providing advice to clients on investments and other financial matters. There is management, back office, specialist and FA. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. They must have excellent organizational and communication skills. I have excellent communication skills and am highly organized. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. 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. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! She makes GOOD money and never even went to Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Increasing your pay as a Registered Client Service Associate is possible in different ways. 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? Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. 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. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-lepz084j", "fluid": true }, Averages based on self-reported salaries. Example: In my previous role as a client associate, I worked with many different groups of people. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. Been there for almost 4 years. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. Learn how this feature works. 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. Merrill Lynch H1B Salary 2021 80 records was found, Median Salary is $131912. Your input helps Glassdoor refine our pay estimates over time. Wealth Management is part of the Informa Connect Division of Informa PLC. No data is available based on your input. WebWhen we joined Merrill Lynch we were a team of five. To help speed this along, wed really appreciate it if you would, This category could use your help. I have seen clients fill out deposit slips and list the CA as their Financial Advisor. Thank you very much guys. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. Merrill Lynch 3.8. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. There is management, backoffice, specialist and FA. The average salary for a Client Associate is $49,424 per year in United States, which is 46% lower than the average Merrill Lynch salary of $92,224 per year for this job. How should I prepare for the interview? Your input helps Glassdoor refine our pay estimates over time. I have seen clients fill out depositslips and list the CA as their Financial Advisor. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Events! Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Come to us in your pursuit of success. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. What is more prestigious, kpmg or Merrill lynch? Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. 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. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. 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. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. [/quote]. Additional pay could include bonus, stock, commission, profit sharing or tips. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News You can hone your skills talking with clients and develop "your" way of working. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. I work in a low paying region and a basic, non-registered CA gets little. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. Really good stuff. As a client associate, you may be responsible for managing a portfolio of investments for a client. 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. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Base pay is terrible and nearly impossible to negotiate with management. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. Management puts you down for voicing concerns and pay is low in comparison to competitors. Level of Education: Gaining advanced degrees Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. Talk with management and your FA's and let them know that you don't want to be a CA forever. Change of employer: 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. Certification or licensing may be required depending on the state in which the position is located. Talk with management and your FAs and let themknow that you dont want to be a CA forever. 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 Take 30 seconds to, Feb 19, 2023 - Client Service Representative, Feb 28, 2023 - Registered Client Associate, Feb 15, 2023 - Registered Wealth Management Client Associate, Feb 24, 2023 - Client Service Representative, Feb 7, 2023 - Registered Client Associate, Feb 2, 2023 - Wealth Management Client Associate, Nov 19, 2022 - Registered Client Associate, Feb 2, 2023 - Registered Wealth Management Client Associate, Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. How much does Merrill Lynch & Co Inc pay? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. However I don't have any experience in the business. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. What are some typical titles and locations for Merrill Lynch jobs? I know CA's in small market areas that were making $80K. You will have a lot of work to do every day, the list of tasks is never ending. The estimated additional pay is $48,536 per year. The table shows below the name of the job title below you may be interested in including salary range and total compensation. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Why do people leave their jobs? Merrill Lynch. Join to view profile. Averages based on self-reported salaries. As your abilities grow, one of two things happen. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Salaries at Merrill Lynch & Co Inc range from an 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. Three advisors, two CA's, managing around $400 million dollars in assets. 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. is a secretary position at first but you must have skills in order to 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 - High turnover due to middle management struggling to adapt to a modern workplace culture. 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. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. Prepare for the interview as you would any other. Here are some other companies that are located close to Merrill Lynch. Help make it more accurate by adding yours. Miami, FL 33131 (Brickell area) +126 locations. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. Supportive management. You canlearn the way things work and how to get answers. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. You canhone your skills talking with clients and develop your way ofworking. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. Boston University. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Help make it more accurate by adding yours. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. Awesome benefits, decent pay and great people! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Help make it more accurate by, Native Hawaiian or Other Pacific Islander, All Registered Senior Client Associate Salaries, Registered Senior Client Associate Career, average salary for a Registered Senior Client Associate is $69,121 per year in United States, Registered Senior Client Associate Salaries. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . 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 This rating reflects the overall rating of Merrill Lynch and is not affected by filters. This number represents the median, which is the midpoint of the By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. WebFlexibility with working on various teams. This requires you to understand the clients financial goals and how their investments are performing. This is equal to the company average rating for salary and benefits. How do I rollover my 401k from fidelity to Merrill lynch? Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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. The starting salary varies from region to region. Overworked because of hiring freeze. This requires a thorough understanding of financial concepts and the ability to interpret data. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. What your skills are worth in the job market is constantly changing. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. college, just learned the biz and made the clients love her. Member Directory! Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. 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 Copyright 2008-2023, Glassdoor, Inc. 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