Your input helps Glassdoor refine our pay estimates over time. Learn how this feature works. [quote=mlmanager]The CA position is at its base, a secretarial position. A good CA can make Thanks! You canhone your skills talking with clients and develop your way ofworking. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. WebWhen we joined Merrill Lynch we were a team of five. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. 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. As your abilities grow,one of two things happen. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! 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 starting salary varies from region to region. 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 Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. Boston University. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. There arealways opportunities to move up. She makes GOOD money and never even went to Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. Averages based on self-reported salaries. 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.. I work in a lowpaying region and a basic, non-registered CA gets little. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. is a secretary position at first but you must have skills in order to This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Learn how this feature works. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. Corporate compliance and Bank of America oversight. Miami, FL 33131 (Brickell area) +126 locations. 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. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Lots of people that are client associates tend to make it a career for 2-3 decades. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. 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. 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. Having problems? What is the starting salary? Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Is this a good entry-level position for someone who wants to do trading? Help make it more accurate by adding yours. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Find out more about Client Associate salaries and benefits at Merrill Lynch. 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. 37.5 hour work week. Know Your Worth. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 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. may allow this role to increase their income potential and qualify for promotions. now running it. 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 Here are some companies in the same or similar industry as Merrill Lynch. As your abilities grow, one of two things happen. Good stuff man, and well written! 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. Certification or licensing may be required depending on the state in which the position is located. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. We noticed that your web browser is outdated! It They also need to be able to communicate effectively and build trust with their clients. There is management, back office, specialist and FA. 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 Job Description Glassdoor.com Jobs View All Jobs Here are five common Merrill Lynch Client Associate interview questions and answers. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. The average salary of Merrill Lynch is $490,689 in the United States. Awesome benefits, decent pay and great people! It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Good benefits. college, just learned the biz and made the clients love her. The estimated base pay is $74,660 per year. Why do people leave their jobs? Engage in conversations about Registered Senior Client Associate pay with other professionals in the 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Previous experience in the financial services industry is preferred, but not required. The table shows below the name of the job title below you may be interested in including salary range and total compensation. This is equal to the company average rating for salary and benefits. 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. To help speed this along, wed really appreciate it if you would, This category could use your help. Merrill Lynch 3.8. Help make it more accurate by adding yours. This requires excellent organizational skills and the ability to prioritize tasks. The estimated additional pay is $32,602 per year. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Registered in England and Wales. This number represents the median, which is the midpoint of the ranges Salaries at Merrill Lynch & Co Inc range from an About to burn Merrill Lynch office to the ground. Compensation depends entirely on supplemental comp from FA. trading assistant (which are very hard to get.) 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. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. 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 - I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. 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. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. 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. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. Anyone have any thoughts on Merrill Lynch Wealth Management? Maintain quality relationships with clients, remaining available to offer support. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Edward Jones advisor with 30 million AUM and roughly 250k gross production. What your skills are worth in the job market is constantly changing. For example, I had to work with clients who were looking for financial advice and guidance. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. 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. To search for jobs in other locations, fill in the title and locations to begin your search. True, it is largely a secretarial position. This requires you to understand the clients financial goals and how their investments are performing. Very helpful stuff. 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. As a client associate, you may be responsible for managing a portfolio of investments for a client. Strong client service & technical skills (MS Word & Excel). You canlearn the way things work and how to get answers. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. 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. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. 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. Get a free, personalized salary estimate based on today's job market. 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. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. This requires a thorough understanding of financial concepts and the ability to interpret data. They must also be able to keep up with the latest financial news and trends in order to provide the best advice to their clients. Additional pay could include bonus, stock, commission, profit sharing or tips. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. 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. The estimated additional pay is $28,121 per year. Depending on the team's revenue/, No data is available based on your input. Any and all feedback and general experiences welcome. Get a free, personalized salary estimate based on today's job market. There are always opportunities to move up. Also, you may Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Overworked because of hiring freeze. 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). 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. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. 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. Your best bet is to take a salary you can live 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. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. You may also be responsible for managing client accounts and their associated paperwork. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Additional pay could include bonus, stock, commission, profit sharing or tips. Your input helps Glassdoor refine our pay estimates over time. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. 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. I have excellent communication skills and am highly organized. They assist the sales team with sales leads and maintaining (and building on) client relationships. The estimated base pay is $81,457 per year. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. 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. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. Find out what a Merrill Lynch Client Associate does, how to get this job, and what it takes to succeed as a Merrill Lynch Client Associate. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Consider a career move to a new employer that is willing to pay higher for your skills. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education.


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