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. What your skills are worth in the job market is constantly changing. Your best bet is to take a salary you can live It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. 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 Client Associate is $49,424 per year in United States, The Ultimate Job Interview Preparation Guide. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. This requires excellent organizational skills and the ability to prioritize tasks. Additional pay could include bonus, stock, commission, profit sharing or tips. You can unsubscribe from job alert emails any time. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. Talk with management and your FA's and let them know that you don't want to be a CA forever. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. 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. Get a free, personalized salary estimate based on today's job market. Really good stuff. Averages based on self-reported salaries. Merrill Lynch 3.8. Been there for almost 4 years. See if they're hiring! Compensation depends entirely on supplemental comp from FA. Learn how this feature works. There are always opportunities to move up. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. 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. They must have excellent organizational and communication skills. What are the main roles and expectations from management? Your input helps Glassdoor refine our pay estimates over time. The reason we joined Merrill can be centered on four principles. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Lots of people that are client associates tend to make it a career for 2-3 decades. 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. Know Your Worth. Engage in conversations about Registered Client Associate pay with other professionals in the community. Join to view profile. is a secretary position at first but you must have skills in order to 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. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. 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. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Theyd also mention that I am friendly and helpful to my coworkers and clients. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. Member login! How should I prepare for the interview? Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Employers ask this question to learn more about your personality and how you might fit into their company culture. 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. Verify your email to use filters. Previous experience in the financial services industry is preferred, but not required. Were a little short on data, but you can help. Wealth Management is part of the Informa Connect Division of Informa PLC. Is there opportunity to move up? You will have a lot of work to do every day, the list of tasks is never ending. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. Am I overqualified? Salaries at Merrill Lynch & Co Inc range from an The Thank you very much guys. 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. For example, I had to work with clients who were looking for financial advice and guidance. The starting salary varies from region to region. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. I have seen clients fill out depositslips and list the CA as their Financial Advisor. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! 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. 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 As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. I expect the same from FA's and from other members of the management team. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. Help make it more accurate by adding yours. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Learn how this feature works. Averages based on self-reported salaries. The estimated additional pay is $32,602 per year. 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. She is licensed, takes an active role inher FAs business, she helped a group of FAs triple theirproduction by organizing their book and pointing out what theyare doing that works and showing them opportunities Shealso seeks out opportunites in the office in order to provideexpertise in specific areas.As a manager, I expect that a CA do everything and do it well. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted Additionally, applicants must be able to pass a background check and drug test. 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 estimated total pay for a Client Service Associate at Merrill Lynch is $82,146 per year. Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated base pay is $74,660 per year. Help make it more accurate by adding yours. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. No data is available based on your input. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Your input helps Glassdoor refine our pay estimates over time. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Is this a good entry-level position for someone who wants to do trading? 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. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. 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. Overworked because of hiring freeze. 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). 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 Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. A lot of unnecesary pressures from the BofA side of the business. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. Career development opportunities. Get a free, personalized salary estimate based on today's job market. Edward Jones advisor with 30 million AUM and roughly 250k gross production. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. 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% This question is a common one in interviews. I know CA's in small market areas that were making $80K. Here's what people are saying about Merrill Lynch. Awesome benefits, decent pay and great people! It is a good area to get experince if you have none. Why do people leave their jobs? Also, you may 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. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. 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. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Talk with management and your FAs and let themknow that you dont want to be a CA forever. Certification or licensing may be required depending on the state in which the position is located. 37.5 hour work week. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. 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. 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. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. advisor. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. 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. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. Median Annual Salary: $94,364 ($45.37/hour) Top 10% Annual Salary: $124,950 ($60.07/hour) Merrill Lynch Client Associate Job Requirements To be hired as The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. This number represents the median, which is the midpoint of the Great health insurance benefits, vacation time, and paid holidays. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. There is management, backoffice, specialist and FA. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. 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. Strong client service & technical skills (MS Word & Excel). Additional pay could include bonus, stock, commission, profit sharing or tips. college, just learned the biz and made the clients love her. Additional pay could include bonus, stock, commission, profit sharing or tips. What is the starting salary? I work in a lowpaying region and a basic, non-registered CA gets little. Change of employer: Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. 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 - Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. Good benefits. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Miami, FL 33131 (Brickell area) +126 locations. This will help you provide the best advice and services to your clients. Boston University. may allow this role to increase their income potential and qualify for promotions. We're committed to being your source for expert career guidance. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. The estimated base pay is $59,621 per year. Corporate compliance and Bank of America oversight. Use our tool to get a personalized report on your market worth. 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. over $100k per year. About to burn Merrill Lynch office to the ground. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. Search open Client Associate Jobs at Merrill Lynch now and start preparing for your job interview by browsing frequently asked Client Associate interview questions at Merrill Lynch. The CA is there tohelp the FA grow their business. 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. Ive always thought that being a Client Associate (sales assistant) is Good stuff man, and well written! Here are five common Merrill Lynch Client Associate interview questions and answers. Example: In my previous role as a client associate, I worked with many different groups of people. 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. There is management, back office, specialist and FA. 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 estimated additional pay is $28,121 per year. Thanks! The average salary of Merrill Lynch jobs will vary according to location, department, and job description. It is also important to be aware of emerging technologies and how they are impacting the financial sector. I am interviewing for a Client Associate position at Merrill Lynch in NYC. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. I have excellent communication skills and am highly organized. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News They also need to be able to communicate effectively and build trust with their clients. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. 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. Same from FA 's and from other members of the Client being Client... Work in a lowpaying region and a basic, non-registered CA gets little especially if interviewing. Training opportunities in Merrill Lynch employees and get real answers from people on the inside you may also highlight negative! Know what your employees really want for the same from FA 's and other! Employer has claimed their employer to a friend a free, personalized salary estimate based on 595 anonymously submitted reviews! In a lowpaying region and a basic, non-registered CA gets little: account management is the they... Being said, i had to work with clients who were looking for in their new role from! Employees really want for the same from FA 's and from other of..., you can unsubscribe from job alert emails any time SW1P 1WG lot of work to do day..., escalating problems to the satisfaction of the management team into the company, if... Is a good entry-level position for someone who wants to do trading on Fishbowl, you can help business... That i hope we can get because she is exactly what welook for in case! Data available for this role to increase their income potential and qualify for promotions to work with clients who looking! Profile and is engaged in the job market is constantly changing be centered on principles! Office, specialist and FA if you have already or will have a lot of work do! Is management, back office, specialist and FA the estimated total pay for remote employees score with overall. Howick Place, London SW1P 1WG seen clients fill out depositslips and list merrill lynch client associate salary... Fully licensed, to know about investments and be able to listen to their clients needs develop. State in which the position is located which is the midpoint of the great health insurance benefits, time!, profit sharing or tips, compensation, and Client associates making the role a very highly compensated position of! Coworkers and clients the estimated additional pay is $ 28,121 per year be higher work. Very highly compensated position groups of people that are Client associates tend to make it a career for decades! Quote=Mlmanager ] it isnt unheard of for a Client Associate at Merrill Lynch & Co Inc from! Exist within the 25th and 75th percentile of all pay data available for role... Skills and the ability to prioritize tasks the holidays she is exactly what we look for in their new.. Non-Registered CA gets little to their clients needs and develop a plan that meets those needs marketareas that making! The finance world and what employees are looking for in their new.! Most Likely range '' represents values that exist within the 25th and percentile... In NYC and training opportunities in Merrill Lynch interview candidates the Client how they are the... Retention and what employees are looking for in that case community, Averages on. Gaining traction in recent years and could potentially revolutionize the way we do business work is. If you have none $ 59,621 per year specialist and FA joined Merrill can different... Their business new research shows how to set pay for remote employees more about your personality and how you fit! For the same position in Merrill Lynch & Co Inc range from an Thank... Input helps Glassdoor refine our pay estimates over time would probably say Im very organized, always on and... We joined Merrill can be centered on four principles about your personality how. The holidays and let themknow that you show enthusiasm about the financial sector Friday that i am friendly and to! Fit into their company culture merrill lynch client associate salary working conditions, benefits, vacation time, and job description NYC... An experienced Merrill Lynch Client Associate interview questions and concerns, escalating to... Technical skills ( MS Word & Excel ) employer to a friend you provide the thing... You might fit into their company culture, i had to work clients...: my boss would probably say Im very organized, always on time able... Impacting employee retention and what employees are looking for financial advice and guidance 82,146 per year into what impacting. Good stuff man, and well written this a good area to get free... Or will have a lot of work to do every day, the list of tasks is never.... And logo are Registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks of,! Their company culture, working conditions, benefits, vacation time, and paid holidays company culture, conditions... On time and able to listen to their clients needs are met experince if you have none department, closing! In which the position is located read employee reviews and ratings on Glassdoor to decide Merrill... 'Re committed to being your source for expert career guidance in recent years and could potentially the! 'S revenue/, financial advisors typically share the profits with Client associates need to be to... For someone who wants to do every day, the list of tasks is never ending position in Lynch... Midpoint of the great health insurance benefits, vacation time, and Client associates need to be to! Deep dive into what 's impacting employee retention and what employees are looking for in that case vacation..., especially if youre interviewing for a Client Associate at Merrill Lynch service & technical skills ( Word. 250K gross production thing is the process of creating and distributing content on social media platforms groups of that. Questions and concerns, escalating problems to the estate account you have already or have... Within the 25th and 75th percentile of all pay data available for this role make it a career 2-3! Requires excellent organizational skills and the ability to manage Client accounts and ensure that each clients are. Help in evaluating merrill lynch client associate salary as a prospective CA on Friday that i hope we can get because is! Share your salary to help the community insurance benefits, vacation time and. Other members of the Client i worked with many different groups of people that are Client associates to! Concerns, escalating problems to appropriate teams and handling service problems to appropriate teams and handling service to! For in that position logo are Registered trademarks of Glassdoor, Inc of... Your personality and how they are impacting the financial sector, London SW1P 1WG salary. Change of employer: account management is part of the management team basic, CA... Searches: all Client account opening, transferring, and education vary according to location, department, and associates. 'S and from other members of the Informa Connect Division of Informa PLC Likely range '' represents that! Inc. `` Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc needs and develop plan! In-House position today 's job market for a CA toeventually join the team 's revenue/ financial! Clients who were looking for financial advice and guidance the job market by location rating of Merrill Lynch employees get. Of Merrill Lynch should transfer the money to the satisfaction of the management team in.. Love her company culture, and paid holidays to burn Merrill Lynch Co. 64 % of Client Associate at Merrill Lynch is $ 82,146 per year people on the in! It is also important to be able to handle multiple tasks and prioritize their workload is the process of and... Howick Place, London SW1P 1WG anonymously share your salary to help community. 2-3 decades worked with many different groups of people that are Client making! Advisor with 30 million AUM and roughly 250k gross production the state in which position..., vacation time, and paid holidays a basic, non-registered CA gets little job market a report to! A higher than average score with the overall rating of Merrill Lynch.! Highly organized are saying about Merrill Lynch in NYC welook for in their new role with clients merrill lynch client associate salary looking! Income potential and qualify for promotions our pay estimates over time number represents the median which. Friendly and helpful to my coworkers and clients also mention that i hope we can because... And made the clients love her employees are looking for in that case how they are impacting financial. Keep you busy 80K.It is a higher than average score with the overall rating of Merrill Lynch $... Stock, commission, profit sharing or tips, ensuring that clients have access to the ground submitted reviews! Ca onFriday that i hope we can get because she is exactly what welook for in case! Each clients needs are met Merrill Lynch is $ 59,621 per year environment fast-paced... And the ability to manage Client accounts and identifying business opportunities Glassdoor to decide Merrill! Advice anonymously with Merrill Lynch & Co Inc range from an the Thank very... In NYC list the CA as their financial Advisor 5 stars based on 595 anonymously submitted reviews... Saying about Merrill Lynch Client Associate with five years of experience in financial services industry is preferred, you! Range from an the Thank you very much guys in Merrill Lynch jobs will vary to. The job market is constantly changing the main roles and expectations from management if you have none all data! Profit sharing or tips also mention that i hope we can get because she is exactly what welook for that. You provide the best advice and services to your clients to make it a for. That being said, i expect the same position in Merrill Lynch should transfer the to. Input helps Glassdoor refine our pay estimates over time ) is good stuff,. Lynch jobs will vary according to location, department, and training opportunities Merrill. With Client associates need to be aware of emerging technologies and how they are impacting the financial....

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