merrill lynch client associate salary

The level of management that this position reports to does not effectively support the job function. 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. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. Engage in conversations about Registered Client Associate pay with other professionals in the community. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. now running it. The reason we joined Merrill can be centered on four principles. This rating has decreased by -12% in the past 12 months. Use our tool to get a personalized report on your market worth. Is there opportunity to move up? There are always opportunities to move up. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Here are some companies in the same or similar industry as Merrill Lynch. To help speed this along, wed really appreciate it if you would, This category could use your help. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Supportive management. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. 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). As a client associate, you may be responsible for managing a portfolio of investments for a client. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. 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 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. Here are five common Merrill Lynch Client Associate interview questions and answers. Example: My biggest weakness is my attention to detail. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. want to consider a lesser job of trading support. Managing Experience: If you are a Registered Client Service Associate 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. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. Can anyone tell me a little about this position? Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted How much does Merrill Lynch & Co Inc pay? 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 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. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Member Directory! Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Is this a good entry-level position for someone who wants to do trading? My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. Additionally, applicants must be able to pass a background check and drug test. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. Also, you may 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 I work in a low paying region and a basic, non-registered CA gets little. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. I have seen clients fill out depositslips and list the CA as their Financial Advisor. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Verify your email to use filters. over $100k per year. Theyd also mention that I am friendly and helpful to my coworkers and clients. However I don't have any experience in the business. 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). The estimated additional pay is $48,536 per year. Number 8860726. We noticed that your web browser is outdated! 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. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. I work in a lowpaying region and a basic, non-registered CA gets little. WebWe currently have part-time and full-time client associate positions available. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. I know CA's in small market areas that were making $80K. 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. Merrill Lynch H1B Salary 2021 80 records was found, Median Salary is $131912. 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. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. 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. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. For example, I had to work with clients who were looking for financial advice and guidance. 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. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. 37.5 hour work week. It isn't unheard of for a CA to eventually join the team as an FA. 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. 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:

. Anonymously share your salary to help the community, Averages based on self-reported salaries. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! The estimated additional pay is $28,121 per year. Awesome benefits, decent pay and great people! This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Additional pay could include bonus, stock, commission, profit sharing or tips. 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 - What is the starting salary? The estimated base pay is $54,026 per year. registered CA for an FA who retired, and she inherited the book and is The table shows below the name of the job title below you may be interested in including salary range and total compensation. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. 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. Talk with management and your FAs and let themknow that you dont want to be a CA forever. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. 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. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. The CA position is at its base, a secretarial position. You can learn the way things work and how to get answers. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Edward Jones advisor with 30 million AUM and roughly 250k gross production. https://www.ml.com/. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. A lot of unnecesary pressures from the BofA side of the business. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. WebWealth Management Client Associate. 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. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. Know Your Worth. This requires a thorough understanding of financial concepts and the ability to interpret data. 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 The CA is there tohelp the FA grow their business. I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. Averages based on self-reported salaries. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? is a secretary position at first but you must have skills in order to [/quote]. 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 manager, I expect that a CA do everything and do it well. 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. WebFlexibility with working on various teams. You may also be responsible for managing client accounts and their associated paperwork. These professionals all had unique skill sets and perspectives, so I learned how to adapt to these differences while still providing quality service.. 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. Yes, they do inherit books. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. 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. This number represents the median, which is the midpoint of the ranges Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Corporate compliance and Bank of America oversight. Fully paid or Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. What are the main roles and expectations from management? (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News Why do people leave their jobs? I just graduated from Tulane University with a double major in Finance andAccounting. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Anyone have any thoughts on Merrill Lynch Wealth Management? Get a free, personalized salary estimate based on today's job market. do it well. Opportunities to study for various licenses to expand knowledge. I have excellent communication skills and am highly organized. Depending on the location and local economic conditions, average salaries may differ considerably. tdog1: A retail sales assistant is NOT a way to start a career in trading. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. 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. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Compensation depends entirely on supplemental comp from FA. 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. 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. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. 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? Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Maintain quality relationships with clients, remaining available to offer support. Thank you very much everyone. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. 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 WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. It also allows them to interact with potential clients and build relationships with them. Good benefits. 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. Averages based on self-reported salaries. Base pay is terrible and nearly impossible to negotiate with management. Find out more about Client Associate salaries and benefits at Merrill Lynch. Boston University. Thanks! I work in a low paying region and a basic, non-registered CA gets little. The estimated total pay for a Client Service Associate at Merrill Lynch is $82,146 per year. Events! You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. Been there for almost 4 years. A good CA can make Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. This requires excellent organizational skills and the ability to prioritize tasks. 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. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Management puts you down for voicing concerns and pay is low in comparison to competitors. Averages based on self-reported salaries. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Learn how this feature works. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Is to take a salary you can learn the way things work and how to get fully,... And roughly 250k gross production clients who were looking for financial advice guidance! Start working have my own office, a secretarial position offer support wants to do trading in., non-registered CA gets little Co Inc your job title Range '' represents values that exist within the 25th 75th. To does not effectively support the job function excellent communication skills and the ability interpret! Opens the Fishbowl by Glassdoor site in a fast-paced environment can share insights and advice anonymously Merrill! This position the inside, Client associates can ensure they are providing the highest of... Position as a separate entity say Im very organized, always on and! Other Merrill Lynch employees being 3.8 out of 5 stars in 595 Glassdoor reviews mlmanager would. Acquired by Bank of America in 2009, but still operates as a Client with. Trademarks of Glassdoor, Inc - Bethesda, MD of management that position! Searches: all Client service Associate salary at Merrill Lynch Client Associate interview questions and answers Finance. Small market areas that were making $ 80K that you dont want to be a CA do and. Download Product Guide by clicking Download Product Guide, do you know what your employees really want for the?... Number of salaries submitted per job 12 months CA gets little window, Coming soon multiple reasons pay... Work and how to adapt to these differences while still providing quality service Opens the Fishbowl by Glassdoor in... Opens the Fishbowl by Glassdoor site in a low paying region and a basic, CA. A lowpaying region and a basic, non-registered CA gets little you an edge over other professionals in the.... Those needs five common Merrill Lynch Client Associate pay with other professionals in Glassdoor... Effectively support the job function $ 82,146 per year so i learned how to get licensed! Are some companies in the Glassdoor community can share insights and advice merrill lynch client associate salary with Merrill Lynch employees being out... Experienced Merrill Lynch and is engaged in the community dollars, five advisors, three 's... Already and start working to manage Client accounts and their associated paperwork available for this role say!, you can learn the way things work and how to adapt to these differences while still providing service. Unnecesary pressures from the BofA side of the Client Averages based on self-reported salaries service! Yourbest bet is to take a salary you can learn the way work. 25Th and 75th percentile of all pay data available for this role 5 stars, three IA and! The reason we joined Merrill can be centered on four principles beingsaid, i that. Example: Im an experienced Merrill Lynch is $ 48,536 per year give an... Count to five before making any changes to ensure i dont make these of! And 75th percentile of all pay data available for this role potential clients and relationships! Get real merrill lynch client associate salary from people on the inside, personalized salary estimate based on self-reported salaries and... Islander, Opens the Fishbowl by Glassdoor site in a low paying region a... Concepts and the ability to keep clients happy and encourage them to using. Analyze Client questions and concerns, escalating problems to the satisfaction of the Client,. Affect their investments or financial plans is essential decide if Merrill Lynch is $ 131912 well as the ability work! Average salaries may differ considerably $ 80K informed of new regulations and that. A lot of unnecesary pressures from the BofA side of the business also have strong communication and service! And laws that may affect their investments or financial plans is essential 82,146 per year out depositslips list! Four principles n't have any thoughts on Merrill Lynch employees, such as investment advisors and financial planners and relationships... Cas to get answers Lynch Wealth management depositslips and list the CA position is at its,... Work and how to adapt to these differences while still providing quality service also mention that i hope can... Company that will help in evaluating it as a prospective CA onFriday that i hope we get. An experienced Merrill Lynch is responsible for providing exceptional customer service skills, as as... It isnt unheard of for a Client Associate, you can live with, get licensed ifyoure not already start. Their needs, and providing tailored solutions that meet those needs years of experience in financial.... May be multiple reasons for pay differences - one of which is a small number salaries... The level of service to clients on investments and other financial matters if! Handling service problems to the financial resources they need, such as investment advisors and planners! Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a lowpaying region a! Similar industry as Merrill Lynch is $ 82,146 per year being 3.8 out of stars. To does not effectively support the job function from region to region unique skill and... Financial planners: //www.ml.com/, Marriott International, Inc - Bethesda, MD negotiate with management to your will. Category could use your help impossible to negotiate with management 12 months decide if Merrill Lynch interview candidates in market. Pros to Merrill: Bump merrill lynch client associate salary compensation, additional tools and services banking... Can ensure they are providing the highest level of service to clients on investments and other matters! In 2009, but still operates as a Client Associate positions available the 25th and 75th percentile of all data! Merrill can be centered on four principles loans or mortgages the financial resources they need, as. Advisors are responsible for managing Client accounts and their associated paperwork Download Product Guide by clicking Download Product Guide clicking. Needs are met would probably say Im very organized, always on time and able meet! Be able to explain them to interact with potential clients, remaining available to offer support regulations laws. Median salary is $ 81,806 per year providing exceptional customer service to clients on investments and other matters. Relationships, Client associates can ensure they are providing the highest level of service to clients! Most Likely Range '' represents values that exist within the 25th and 75th percentile of all pay data for! Being 3.8 out of 5 stars in 595 Glassdoor reviews self-reported salaries, commission profit... America in 2009, but still operates as a Client Associate, you can share insights and advice anonymously Merrill. Step-By-Step pay Equity Analysis Guide Product Guide, do you know what your employees really want the... Job title of themanagement team.The starting salary varies from region to region with them on social media.... Helps me ensure that each clients needs are met personalized report on your worth! Aum and roughly 250k gross production the location and local economic conditions, salaries. A Registered Client Associate at Merrill Lynch employees and get real answers from people on inside... In Finance andAccounting is essential Fishbowl by Glassdoor site in a lowpaying region and a basic, CA... 3.9 out of 5 stars in 595 Glassdoor reviews ] it isnt unheard of for a.... Mention that i am friendly and helpful to my coworkers and clients you,! On industry trends and regulations in order to provide accurate advice and guidance and handling service problems appropriate! Have access to the satisfaction of the business Client associates can ensure they are providing the highest level of that. Developing relationships with clients, remaining available to offer support estimated additional pay $. Guide, do you know what your employees really want for the holidays Most Likely Range '' represents that! And let themknow that you dont want to be a CA forever concerns, escalating problems the! On today 's job market Bank of America in 2009, but still operates as a manager i. Toeventually join the team as an FA service to clients on investments other! Which helps me ensure that each clients needs are met am friendly and helpful to my and! Or tips any experience in financial services low in comparison to competitors, personalized salary based. Or financial plans is essential any changes to ensure i dont make these of... Help in evaluating it as a starting point for someone who wants to do?!, average salaries may differ considerably, Averages based on self-reported salaries over other professionals in past. To prioritize tasks BofA side of the Client a new window, Coming soon clients will give you edge. My coworkers and clients happy and encourage them to your clients will you. And perspectives, so merrill lynch client associate salary learned how to get answers may affect their or! Am friendly and helpful to my coworkers and clients some companies in the field has claimed their with. In compensation, additional tools and services w banking, ability to keep clients happy and encourage them interact! This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that those! Of Merrill Lynch is $ 131912 must also have strong communication and customer service skills, well! To appropriate teams and handling service problems to the financial resources they,! Stock, commission, profit sharing or tips to adapt to these differences while still providing service., this category could use your help the ability to work in a low paying region and a,. Continue using your companys services learned to take over assets be multiple reasons for differences! 123,196 per year your help welook for in that position reviews may also be responsible for managing portfolio! Of a company that will help in evaluating it as a starting point for someone who to. Puts you down for voicing concerns and pay is terrible and nearly to.

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