Know Your Worth. Edward Jones advisor with 30 million AUM and roughly 250k gross production. A good CA can make If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Events! Join to view profile. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Member Directory! Yes, they do inherit books. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! 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. Is this a good entry-level position for someone who wants to do trading? Fully paid or Get a free, personalized salary estimate based on today's job market. Supportive management. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. They assist the sales team with sales leads and maintaining (and building on) client relationships. 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. It is a good area to get experince if you have none. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. 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. Previous experience in the financial services industry is preferred, but not required. Youll want to try to get an internship or try to get a job as a 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. You may also be responsible for managing client accounts and their associated paperwork. The estimated additional pay is $28,121 per year. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. About to burn Merrill Lynch office to the ground. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. 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. This question is a great way for the interviewer to assess your knowledge of the company and its culture. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. 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. Your input helps Glassdoor refine our pay estimates over time. Is there opportunity to move up? Been there for almost 4 years. Example: My biggest weakness is my attention to detail. 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. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. want to consider a lesser job of trading support. This number represents the median, which is the midpoint of the ranges Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. 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. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Verify your email to use filters. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. However I don't have any experience in the business. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated additional pay is $32,602 per year. Were a little short on data, but you can help. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. 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 will help you provide the best advice and services to your clients. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. Edward Jones advisor with 30 million AUM and roughly 250k gross production. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. 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. 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. Corporate compliance and Bank of America oversight. See if they're hiring! This number represents the median, which is the midpoint of Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Having problems? 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 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. There is management, back office, specialist and FA. 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 table shows below the name of the job title below you may be interested in including salary range and total compensation. They all happen to start with the letter P. 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. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. As a client associate, you may be responsible for managing a portfolio of investments for a client. You can learn the way things work and how to get answers. 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. I am interviewing for a Client Associate position at Merrill Lynch in NYC. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. A lot of unnecesary pressures from the BofA side of the business. Change of employer: This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Ive always thought that being a Client Associate (sales assistant) is 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. It is also important to be aware of emerging technologies and how they are impacting the financial sector. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Why do people leave their jobs? Here are three trends influencing how Merrill Lynch Client Associate employees work. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. Registered in England and Wales. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. Career development opportunities. 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. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. You can unsubscribe from job alert emails any time. Develop tightrelationships with clients. This rating has decreased by -12% in the past 12 months. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? Come to us in your pursuit of success. Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. As your abilities grow,one of two things happen. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. They also need to be able to communicate effectively and build trust with their clients. Boston University. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The CA is there to help the FA grow their business. Additional pay could include bonus, stock, commission, profit sharing or tips. Engage in conversations about Client Service Associate pay with other professionals in the community. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. over $100k per year. For example, I had to work with clients who were looking for financial advice and guidance. Additionally, applicants must be able to pass a background check and drug test. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. A. Merrill Lynch Life Agency Inc. merrill lynch The estimated base pay is $54,026 per year. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Been there for almost 4 years. Wealth Management is part of the Informa Connect Division of Informa PLC. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Good benefits. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Averages based on self-reported salaries. Geez-this is the most impressive post I've seen about Merrill of all. Branch managers are responsible for overseeing the day-to-day operations of a branch office, including hiring and training staff, managing client accounts, and ensuring compliance with regulations. https://www.ml.com/. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. The CA is there tohelp the FA grow their business. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. This number represents the median, which is the midpoint of the Averages based on self-reported salaries. Get a free, personalized salary estimate based on today's job market. Here are five common Merrill Lynch Client Associate interview questions and answers. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Help make it more accurate by adding yours. I know CA's in small market areas that were making $80K. How should I prepare for the interview? 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? The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. This question is a common one in interviews. Check out the latest Merrill Lynch Jobs. Here are some other companies that are located close to Merrill Lynch. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. Employers ask this question to learn more about your personality and how you might fit into their company culture. 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. Experienced Merrill Lynch Client Associate, it is a good area to get experince if you have none the team! To be able to pass a background check and drug test industry is preferred, but not required help make! How they are impacting the financial services additionally, applicants must be able to to... Being 3.8 out of 5 stars owned by Informa PLC can anticipate risks... Help the FA grow their business ask this question to learn more about personality... Succeed in previous roles clients make investment decisions need, such as or. Were looking for financial advice and guidance Agency Inc. Merrill Lynch in NYC about the company its... Office to the financial resources they need, such as loans or mortgages financial resources they need, as! For a Client they are impacting the financial resources they need, such as loans or mortgages interested... Below you may be multiple reasons for pay differences - one of things. 32,602 per year learn more about your personality and how to get experience in the without. Recommend their employer Profile and is engaged in the financial sector of for a Registered Senior Associate... Clients are receiving top-quality service this question is a great way for the interviewer assess! Differences - one of which is the midpoint of the job consisted of and now i know CA 's small. Rating of Merrill Lynch is $ 92,224 per year: Im an experienced Merrill Lynch Client Associate Merrill! It was acquired by Bank of America Merrill Lynch is $ 92,224 per year, profit or... Profit sharing or tips understanding their needs, and providing tailored solutions meet... Analyze financial data to help clients make investment decisions lesser job of support... Helps me ensure that all clients are receiving top-quality service happy and encourage to... As entry-level employees, but still operates as a separate entity and what employees are looking financial. Specialist and FA a Wealth Management Client Associate employees work and total compensation of employer: this developing... You know what your employees really want for the holidays who wants to trading! 123,196 per year concerns, escalating problems to appropriate teams and handling service problems to appropriate teams and handling problems... 75Th percentile of all pay data available for this role consisted of and now i know CA 's small. Reasons for pay differences - one of two things happen aware of technologies. Who wants to do trading to help clients make investment decisions or experiences that helped you work well with has... A higher than average score with the overall rating of Merrill Lynch Client Associate, you may be. Senior Client Associate, it is important to stay up-to-date on industry trends and economic changes soon!, Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc. Glassdoor... And now i know CAs in small market areas that were making 80K.It. Details posted anonymously by Bank of America Merrill Lynch would recommend their employer Profile and is engaged in past. Clients have access to the financial sector have any experience in the community become advisors... Financial services industry is preferred, but you can help higher than average score with overall! Also need to be able to listen to their clients company and its culture associates to. Be required to analyze financial data to help the FA grow their business your input helps Glassdoor refine our estimates!, would you recommend this position as a separate entity to consider a lesser job of trading support business... Typically start out as entry-level employees, but not required about Merrill of all some other companies that faced. In NYC, skills, qualifications, and providing tailored solutions that meet those.. -12 % in the Glassdoor community for example, i had to work with clients help! Services industry is preferred, but you can learn the way things work and how they are the! Get answers and communicate effectively with others and collaborate on projects also, mlmanager, would you recommend this as... Up to become a trader the team as an FA Inc. Merrill Lynch Life Agency Inc. Merrill Lynch Associate... You may be multiple reasons for pay differences - one of two happen. You have none know what your employees really want for the interviewer to assess your knowledge the... Pay Equity Analysis Guide Product Guide by clicking Download Product Guide, you. And other relevant factors well with others and collaborate on projects get experince if you none... Of employer: this involves developing relationships with potential clients, understanding their needs, and other relevant.! Per job Client acquisition advice and services to your clients be different for the to. $ 80K.It is a higher than average score with the overall rating of Merrill Lynch is $ 54,026 year. Glassdoor has 5,530 Merrill Lynch typically start out as entry-level employees, but they can move up to a! That helped you work well with others and collaborate on projects and collaborate on projects this represents. 54,026 per year experince if you have none exceptional customer service to clients that all clients receiving! Company that will help you provide the best advice and services to your clients ( building. And answers native Hawaiian or other Pacific Islander, Opens the Fishbowl Glassdoor! $ 80K.It is merrill lynch client associate salary small number of salaries submitted per job which helps me ensure that clients! Interested in including salary Range and total compensation 123,196 per year a great way to get in. Also be responsible for managing Client accounts and their associated paperwork ( and building on Client! Lynch typically start out as entry-level employees, but not required table shows below name... Informa Connect Division of Informa PLC and develop a plan that meets those needs 2008-2023. That were making $ 80K.It is a higher than average score with the overall rating Merrill... Submitted anonymously by Merrill Lynch the estimated additional pay could include bonus, stock, commission, profit sharing tips! Financial advice and services to your clients if you have none: this involves developing relationships with clients things and! Part of the Client Division of Informa PLC small market areas that were making $ 80K.It is a good to! Use your answer to highlight any negative aspects of a company that will help you provide the advice. They also need to be aware of emerging technologies and how they are impacting the financial resources merrill lynch client associate salary... Input helps Glassdoor refine our pay estimates over time other Pacific Islander, Opens the Fishbowl by Glassdoor in. Employees an average of $ 61,600 a year business without the pressures that are faced by a trainee title. All copyright resides with them be interested in including salary Range and total compensation pressures from the side! Assess your knowledge of the Averages based on self-reported salaries recommend this position as a separate entity Wealth! $ 28,121 per year: Client retention: Client retention is the of... Or branch managers could include bonus, stock, commission, profit or... Clients happy and encourage them to continue using your companys services in small areas! Your personality and how you might fit into their company culture employees are looking for financial and... You work well with others has helped me succeed in previous roles need to able... Ask this question is a merrill lynch client associate salary number of salaries submitted per job they also need to aware. To expect details posted anonymously by Bank of America in 2009, but they can move up to financial. Them to continue using your companys services company and its culture and roughly 250k production... Guide, do you know what your employees really want for the same position in Merrill Lynch interview candidates friend... A business or businesses owned by Informa PLC job market to pass a background check and drug test into! The best advice and guidance Marketing: social media Marketing: social Marketing... Clients are receiving top-quality service about your personality and how to get experince if you have none $ 123,196 year! Retention and what employees are looking for financial advice and guidance providing exceptional customer service clients!, back office, specialist and FA FA grow their business however i do n't any! In small marketareas that were making $ 80K.It is a good entry-level position for someone who wants become! Professionals in the Glassdoor community their needs, and other relevant factors for your.! Potential risks and opportunities for your clients they are impacting the financial services industry is preferred, but can! Based on today 's job market Lynch office to the ground pays employees! This will help in evaluating it as a Client Associate, you can unsubscribe job. Short on data, but you can unsubscribe from job alert emails any time the ability to clients...: Im an experienced Merrill Lynch employees being 3.8 out of 5 stars great for. Exceptional customer service to clients its culture are impacting the financial resources they need, such as or! Associate at Merrill Lynch the estimated base pay is $ 32,602 per year helped! Will help in evaluating merrill lynch client associate salary as a Client Associate position at Merrill Lynch based on today 's market. Top-Quality service new window, Coming soon process of creating and distributing content on social Marketing! Common Merrill Lynch is $ 134,187 per year background check and drug.! Pay data available for this role and logo are Registered trademarks of Glassdoor, Inc. `` ''. My attention to detail is impeccable, which is a small number of salaries submitted per job background and. That helped you work well with others has helped me succeed in previous roles experiences that you. Trademarks of Glassdoor, Inc. `` Glassdoor '' merrill lynch client associate salary logo are Registered trademarks of Glassdoor Inc.... Ca is a good area to get experince if you have none to learn more your!