Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. 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. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. Averages based on self-reported salaries. Opportunities to study for various licenses to expand knowledge. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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. Three advisors, two CA's, managing around $400 million dollars in assets. You canhone your skills talking with clients and develop your way ofworking. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. Edward Jones advisor with 30 million AUM and roughly 250k gross production. 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. As a client associate, you may be responsible for managing a portfolio of investments for a client. [/quote]. Here's what people are saying about Merrill Lynch. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. 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 table shows below the name of the job title below you may be interested in including salary range and total compensation. 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. We noticed that your web browser is outdated! Help make it more accurate by, Native Hawaiian or Other Pacific Islander, All Registered Senior Client Associate Salaries, Registered Senior Client Associate Career, average salary for a Registered Senior Client Associate is $69,121 per year in United States, Registered Senior Client Associate Salaries. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. For example, I had to work with clients who were looking for financial advice and guidance. Level of Education: Gaining advanced degrees As a client associate, you may be required to analyze financial data to help clients make investment decisions. But youve got to walk before you can run. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! 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. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. The estimated base pay is $59,621 per year. 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). Merrill Lynch. I work in a low paying region and a basic, non-registered CA gets little. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. 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. Good benefits. Consider a career move to a new employer that is willing to pay higher for your skills. 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. She makes GOOD money and never even went to Base pay is terrible and nearly impossible to negotiate with management. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. Do you think I can start off making over 40K in NYC? From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Additionally, applicants must be able to pass a background check and drug test. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. Why do people leave their jobs? By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. 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. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. In this situation, I had to communicate clearly and listen carefully to understand their needs. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. The CA is there tohelp the FA grow their business. Help make it more accurate by adding yours. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. Your input helps Glassdoor refine our pay estimates over time. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. This question is a great way for the interviewer to assess your knowledge of the company and its culture. As a manager, I expect that a CA do everything and do it well. Join to view profile. 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. This number represents the median, which is the midpoint of the The best thing is the amount they match, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Merrill Lynch 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 is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Great health insurance benefits, vacation time, and paid holidays. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Member login! Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. 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. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. 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. You canlearn the way things work and how to get answers. Change of employer: Management puts you down for voicing concerns and pay is low in comparison to competitors. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. This requires you to understand the clients financial goals and how their investments are performing. This number represents the median, which is the midpoint of the ranges Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. WebWhen we joined Merrill Lynch we were a team of five. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. You can unsubscribe from job alert emails any time. See if they're hiring! What is more prestigious, kpmg or Merrill lynch? Merrill Lynch Client Associates earn $40,000 annually, or $19 per hour, which is equal to the national average for all Client Associates at $40,000 annually and 49% It No data is available based on your input. Your input helps Glassdoor refine our pay estimates over time. 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 - A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. The estimated additional pay is $48,536 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Learn how this feature works. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Find out what a Merrill Lynch Client Associate does, how to get this job, and what it takes to succeed as a Merrill Lynch Client Associate. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. The estimated base pay is $74,660 per year. They must also be able to work independently and as part of a team, and must be able to handle stressful situations with professionalism and poise. They must have excellent organizational and communication skills. 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. Come to us in your pursuit of success. Also, you may Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Verify your email to use filters. 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. want to consider a lesser job of trading support. WebWealth Management Client Associate. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Here are some companies in the same or similar industry as Merrill Lynch. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Is this a good entry-level position for someone who wants to do trading? It is a good area to get experince if you have none. The estimated base pay is $54,026 per year. The average salary of Merrill Lynch is $490,689 in the United States. Strong client service & technical skills (MS Word & Excel). Been there for almost 4 years. Edward Jones advisor with 30 million AUM and roughly 250k gross production. One of the bigger producers in my office is a woman who was formerly a Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. Geez-this is the most impressive post I've seen about Merrill of all. now running it. What is the starting salary? that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. registered CA for an FA who retired, and she inherited the book and is There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Get a free, personalized salary estimate based on today's job market. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. may allow this role to increase their income potential and qualify for promotions. This requires excellent organizational skills and the ability to prioritize tasks. Averages based on self-reported salaries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. You can unsubscribe from job alert emails any time. 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. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. an excellent training ground for one day becoming a financial True, it is largely a secretarial position. 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. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Prepare for the interview as you would any other. Yes, they do inherit books. Good benefits. To search for jobs in other locations, fill in the title and locations to begin your search. Additional pay could include bonus, stock, commission, profit sharing or tips. The estimated additional pay is $28,121 per year. Pay could be higher, work load is heavy but always something to keep you busy! 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. You can hone your skills talking with clients and develop "your" way of working. Thank you very much guys. There are always opportunities to move up. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Find out more about Client Associate salaries and benefits at 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. I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. Youll want to try to get an internship or try to get a job as a Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. As a client associate, you may be responsible for maintaining relationships with clients. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. The CA is there to help the FA grow their business. 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.. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. How should I prepare for the interview? Help make it more accurate by adding yours. Example: My biggest weakness is my attention to detail. Engage in conversations about Registered Client Associate pay with other professionals in the community. 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 is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Salaries at Merrill Lynch & Co Inc range from an Employers ask this question to learn more about your personality and how you might fit into their company culture. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. 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. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. 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. Know Your Worth. The reason we joined Merrill can be centered on four principles. 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. Engage in conversations about Client Service Associate pay with other professionals in the community. Fully paid or 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. Learn how this feature works. Averages based on self-reported salaries. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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: . Am I overqualified? The estimated additional pay is $52,731 per year. Been there for almost 4 years. Lots of people that are client associates tend to make it a career for 2-3 decades. 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. Depending on the team's revenue/, Can anyone tell me a little about this position? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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.