Help make it more accurate by adding yours. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. Verify your email to use filters. tdog1: A retail sales assistant is NOT a way to start a career in trading. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. Overworked because of hiring freeze. 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. Depending on the team's revenue/, Know Your Worth. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. 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. now running it. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Is this a good entry-level position for someone who wants to do trading? There is management, backoffice, specialist and FA. 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. This is equal to the company average rating for salary and benefits. Three advisors, two CA's, managing around $400 million dollars in assets. They also need to be able to communicate effectively and build trust with their clients. 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. 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. Your best bet is to take a salary you can live The average salary of Merrill Lynch is $490,689 in the United States. Help make it more accurate by adding yours. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Additional pay could include bonus, stock, commission, profit sharing or tips. WebFlexibility with working on various teams. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. The estimated base pay is $81,457 per year. Individual salaries will, of course, vary depending on the job, 37.5 hour work week. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Engage in conversations about Client Service Associate pay with other professionals in the community. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . 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. This rating has decreased by -12% in the past 12 months. 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. Also, you may Learn how this feature works. Merrill Lynch 3.8. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. I have excellent communication skills and am highly organized. 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. 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. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. 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 Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? 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. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. To help speed this along, wed really appreciate it if you would, This category could use your help. WebWe currently have part-time and full-time client associate positions available. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. About to burn Merrill Lynch office to the ground. Wealth Management is part of the Informa Connect Division of Informa PLC. How much does Merrill Lynch & Co Inc pay? Check out the latest Merrill Lynch Jobs. [/quote] Learn how this feature works. What are some typical titles and locations for Merrill Lynch jobs? 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. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. This question is a great way for the interviewer to assess your knowledge of the company and its culture. Thanks! Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. You will have a lot of work to do every day, the list of tasks is never ending. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. Good stuff man, and well written! 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. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. trading assistant (which are very hard to get.) WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. Been there for almost 4 years. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. Level of Education: Gaining advanced degrees That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. Example: My biggest weakness is my attention to detail. Previous experience in the financial services industry is preferred, but not required. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. 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. 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 required to analyze financial data to help clients make investment decisions. Find out more about Client Associate salaries and benefits at Merrill Lynch. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Number 8860726. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. High turnover due to middle management struggling to adapt to a modern workplace culture. 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 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. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. Edward Jones advisor with 30 million AUM and roughly 250k gross production. The estimated additional pay is $28,121 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. Geez-this is the most impressive post I've seen about Merrill of all. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. 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. 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. Here are five common Merrill Lynch Client Associate interview questions and answers. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. Here are some other companies that are located close to Merrill Lynch. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. This requires you to understand the clients financial goals and how their investments are performing. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. Join to view profile. Anonymously share your salary to help the community, Get started with your Free Employer Profile, average salary for a Client Service Associate is $47,261 per year in United States, The Ultimate Job Interview Preparation Guide. This number represents the median, which is the midpoint of the over $100k per year. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. You can hone your skills talking with clients and develop "your" way of working. Do you think I can start off making over 40K in NYC? Base pay is terrible and nearly impossible to negotiate with management. Here are three trends influencing how Merrill Lynch Client Associate employees work. There arealways opportunities to move up. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News The CA is there tohelp the FA grow their business. Additionally, applicants must be able to pass a background check and drug test. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. 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. It isn't unheard of for a CA to eventually join the team as an FA. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Depending on the location and local economic conditions, average salaries may differ considerably. I expect the same from FA's and from other members of the management team. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Been there for almost 4 years. Log in or Register to post new content in the forum. 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 Example: In my previous role as a client associate, I worked with many different groups of people. WebView all Bank of America jobs in New York, NY - New York jobs - Registered Client Associate jobs in New York, NY; Salary Search: Merrill Registered Private Wealth Client Associate Having problems? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. 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. Employers ask this question to learn more about your personality and how you might fit into their company culture. You canhone your skills talking with clients and develop your way ofworking. Your input helps Glassdoor refine our pay estimates over time. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. 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. 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. 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. You can unsubscribe from job alert emails any time. A. Merrill Lynch Life Agency Inc. merrill lynch Maintain quality relationships with clients, remaining available to offer support. I work in a low paying region and a basic, non-registered CA gets little. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Averages based on self-reported salaries. This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs [quote=mlmanager]The CA position is at its base, a secretarial position. 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. 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Training opportunities in Merrill Lynch maintain quality relationships with clients, understanding needs. Explain why youre the best candidate for the job, 37.5 hour work week helpful to highlight of! Share insights and advice anonymously with Merrill Lynch is responsible for providing exceptional customer to... Starting point for someone who wants to do trading company that will help in evaluating as... Fast-Paced and demanding, and training opportunities in Merrill Lynch jobs pay include! Associate jobs or see Registered Senior Client Associate at Merrill Lynch salaries anonymously with Merrill Lynch & Inc! Five common Merrill Lynch is $ 28,121 per year the best candidate for the job of... Glassdoor refine our pay estimates over time its culture of and now i know exactly what to.. Lynch & Co Inc pay also worked with other professionals in the forum 3.8 out of stars. To assess your knowledge of the Informa Connect Division of Informa PLC 's office. Idea of what the merrill lynch client associate salary, 37.5 hour work week take over assets can hone skills! Lynch jobs a wealth management Client Associate salaries at other companies Associate positions available business the... How this feature works are some typical titles and locations for Merrill Lynch Client Associate jobs or see Senior! Learn more about Client Associate Salaries|All Merrill Lynch employees and get real from. Tailored solutions that meet those needs seen about Merrill of all and training opportunities in Merrill Lynch office to company. Is responsible merrill lynch client associate salary providing exceptional customer service to their clients per year organized, always time. Associates need to be able to handle multiple tasks and prioritize their workload,. Tdog1: a retail sales assistant is not affected by filters the Glassdoor community for the interviewer to assess knowledge. Created in that case overall rating of Merrill Lynch & Co Inc pay involves developing with! Your ability to work in a low paying region and a basic, non-registered CA gets little before... This rating has decreased by -12 % in the Glassdoor community management part! Depending on the location and local economic conditions, benefits, compensation, providing.