. We're committed to being your source for expert career guidance. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. 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. Anyone have any thoughts on Merrill Lynch Wealth Management? By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. Depending on the location and local economic conditions, average salaries may differ considerably. 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. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Increasing your pay as a Registered Client Service Associate is possible in different ways. We noticed that your web browser is outdated! 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. She makes GOOD money and never even went to Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. 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. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Been there for almost 4 years. 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. The estimated additional pay is $48,536 per year. [/quote]. Theyd also mention that I am friendly and helpful to my coworkers and clients. 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. As a client associate, you may be responsible for managing a portfolio of investments for a client. 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. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. There arealways opportunities to move up. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. One of the bigger producers in my office is a woman who was formerly a Is there opportunity to move up? The About to burn Merrill Lynch office to the ground. Base pay is terrible and nearly impossible to negotiate with management. True, it is largely a secretarial position. Very helpful stuff. Opportunities to study for various licenses to expand knowledge. Miami, FL 33131 (Brickell area) +126 locations. Lots of people that are client associates tend to make it a career for 2-3 decades. Great health insurance benefits, vacation time, and paid holidays. Strong client service & technical skills (MS Word & Excel). My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Corporate compliance and Bank of America oversight. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. It is also important to be aware of emerging technologies and how they are impacting the financial sector. Merrill Lynch. Help make it more accurate by adding yours. 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 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.. This is equal to the company average rating for salary and benefits. 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. Help make it more accurate by adding yours. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. I expect the same from FA's and from other members of the management team. I just graduated from Tulane University with a double major in Finance andAccounting. The estimated additional pay is $52,731 per year. The estimated base pay is $54,026 per year. Yes, they do inherit books. What are the main roles and expectations from management? Geez-this is the most impressive post I've seen about Merrill of all. https://www.ml.com/. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. 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. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. Lines and paragraphs break automatically. The estimated additional pay is $28,121 per year. Averages based on self-reported salaries. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. The estimated base pay is $81,457 per year. Prepare for the interview as you would any other. But youve got to walk before you can run. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. The starting salary varies from region to region. 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. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. The reason we joined Merrill can be centered on four principles. This rating has decreased by -12% in the past 12 months. The level of management that this position reports to does not effectively support the job function. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. The estimated base pay is $74,660 per year. is a secretary position at first but you must have skills in order to Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. They assist the sales team with sales leads and maintaining (and building on) client relationships. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. Compensation depends entirely on supplemental comp from FA. Been there for almost 4 years. Three advisors, two CA's, managing around $400 million dollars in assets. You can learn the way things work and how to get answers. This requires excellent organizational skills and the ability to prioritize tasks. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. WebAn entry-level Client Services Associate with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.15 based on Maintain quality relationships with clients, remaining available to offer support. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. WebWealth Management Client Associate. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. 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 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 responsible for maintaining relationships with clients. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Here are three trends influencing how Merrill Lynch Client Associate employees work. 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. They also need to be able to communicate effectively and build trust with their clients. 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. As your abilities grow,one of two things happen. Know Your Worth. Awesome benefits, decent pay and great people! Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. This number represents the median, which is the midpoint of the Edward Jones advisor with 30 million AUM and roughly 250k gross production. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. an excellent training ground for one day becoming a financial 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. 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. Can anyone tell me a little about this position? want to consider a lesser job of trading support. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. 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. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Good benefits. This question is a great way for the interviewer to assess your knowledge of the company and its culture. 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. It 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. Thank you very much guys. This number represents the median, which is the midpoint of the How much does Merrill Lynch & Co Inc pay? Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. Your best bet is to take a salary you can live Very fast pace. 37.5 hour work week. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. What is the starting salary? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The CA position is at its base, a secretarial position. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Employers ask this question to learn more about your personality and how you might fit into their company culture. 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. Averages based on self-reported salaries. 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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