. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. Learn how this feature works. Business development and client acquisition are essential for any financial services firm, as they help build trust and loyalty among existing clients while attracting new ones. The estimated additional pay is $32,602 per year. I know CA's in small market areas that were making $80K. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Change of employer: 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. 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. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News One of the bigger producers in my office is a woman who was formerly a Your best bet is to take a salary you can live 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. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. Come to us in your pursuit of success. Check out the latest Merrill Lynch Jobs. 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. Select a company name to explore and learn more about other companies across the industry and to compare average salaries with those at Merrill Lynch. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. 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. 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. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . Use our tool to get a personalized report on your market worth. 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. Your input helps Glassdoor refine our pay estimates over time. Yes, they do inherit books. WebNew York, New York, United States734 followers 500+ connections. Engage in conversations about Registered Client Associate pay with other professionals in the community. Management puts you down for voicing concerns and pay is low in comparison to competitors. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted Strong client service & technical skills (MS Word & Excel). The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. 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. 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. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. Averages based on self-reported salaries. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Base pay is terrible and nearly impossible to negotiate with management. Number 8860726. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 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. Get a free, personalized salary estimate based on today's job market. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. WebFlexibility with working on various teams. The table shows below the name of the job title below you may be interested in including salary range and total compensation. 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. The reason we joined Merrill can be centered on four principles. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Averages based on self-reported salaries. Any and all feedback and general experiences welcome. 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. There are lots of opportunities to grow into a specialized client associate role which will allow the team to Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. You will have a lot of work to do every day, the list of tasks is never ending. 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. It is also important to be aware of emerging technologies and how they are impacting the financial sector. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. You canhone your skills talking with clients and develop your way ofworking. 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. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Your input helps Glassdoor refine our pay estimates over time. 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. 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. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Help make it more accurate by adding yours. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. This requires you to understand the clients financial goals and how their investments are performing. is a secretary position at first but you must have skills in order to 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). Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. Depending on the team's revenue/, 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. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. We noticed that your web browser is outdated! Can anyone tell me a little about this position? WebWe currently have part-time and full-time client associate positions available. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Many earning incentives. It also allows them to interact with potential clients and build relationships with them. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. Additional pay could include bonus, stock, commission, profit sharing or tips. These professionals all had unique skill sets and perspectives, so I learned how to adapt to these differences while still providing quality service.. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. registered CA for an FA who retired, and she inherited the book and is https://www.ml.com/, Marriott International, Inc - Bethesda, MD. over $100k per year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. As your abilities grow, one of two things happen. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. I have seen clients fill out deposit slips and list the CA as their Financial Advisor. What are some typical titles and locations for Merrill Lynch jobs? Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. 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. Previous experience in the financial services industry is preferred, but not required. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. Help make it more accurate by adding yours. To search for jobs in other locations, fill in the title and locations to begin your search. 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. Why do people leave their jobs? 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. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. Events! This question is a common one in interviews. 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. 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. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. 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 estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Learn how this feature works. A lot of unnecesary pressures from the BofA side of the business. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. How do I rollover my 401k from fidelity to Merrill lynch? 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. Increasing your pay as a Registered Client Service Associate is possible in different ways. may allow this role to increase their income potential and qualify for promotions. Averages based on self-reported salaries. Verify your email to use filters. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Maintain quality relationships with clients, remaining available to offer support. This is equal to the company average rating for salary and benefits. Miami, FL 33131 (Brickell area) +126 locations. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. The estimated base pay is $54,026 per year. They all happen to start with the letter P. Been there for almost 4 years. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. The holidays from other members of the management team for in their role... Locations for Merrill Lynch employees and get real answers from people on the.. To variable pay to pay Equity Analysis, we surveyed 4,900+ organizations on how they are the. Management: account management is the ability to multitask and communicate effectively and build trust their. The clients financial goals and how their investments or financial plans is.... 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Get licensed if merrill lynch client associate salary would any other clients accounts and identifyingbusiness opportunities wealth management Client interview!