. Here are three trends influencing how Merrill Lynch Client Associate employees work. You may also be responsible for managing client accounts and their associated paperwork. 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. It isn't unheard of for a CA to eventually join the team as an FA. Know Your Worth. Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. is a secretary position at first but you must have skills in order to Financial advisors are responsible for providing advice to clients on investments and other financial matters. The CA position is at its base, a secretarial position. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. 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. 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. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. https://www.ml.com/. Is there opportunity to move up? Averages based on self-reported salaries. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Additional pay could include bonus, stock, commission, profit sharing or tips. Individual salaries will, of course, vary depending on the job, A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Anonymously share your salary to help the community, Averages based on self-reported salaries. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. 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. They are the primary point of contact for clients and must be able to answer questions, provide advice, and resolve any issues that may arise. an excellent training ground for one day becoming a financial The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. WebNew York, New York, United States734 followers 500+ connections. However I don't have any experience in the business. Number 8860726. 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. Also, you may Here's what people are saying about Merrill Lynch. 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. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. They assist the sales team with sales leads and maintaining (and building on) client relationships. What are the main roles and expectations from management? Depending on the location and local economic conditions, average salaries may differ considerably. 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. This is equal to the company average rating for salary and benefits. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. Your input helps Glassdoor refine our pay estimates over time. 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. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. Yes, they do inherit books. 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. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. As a client associate, you may be responsible for maintaining relationships with clients. A. Merrill Lynch Life Agency Inc. merrill lynch The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 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. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. Can anyone tell me a little about this position? You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. Lots of people that are client associates tend to make it a career for 2-3 decades. now running it. Help make it more accurate by adding yours. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? WebWe currently have part-time and full-time client associate positions available. Prepare for the interview as you would any other. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. college, just learned the biz and made the clients love her. Web page addresses and e-mail addresses turn into links automatically. This question is a great way to learn more about the company culture and how your potential manager would describe you. Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. 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. Learn how this feature works. The CA is there tohelp the FA grow their business. I am interviewing for a Client Associate position at Merrill Lynch in NYC. 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. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Develop tightrelationships with clients. 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. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . There are lots of opportunities to grow into a specialized client associate role which will allow the team to 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. You can learn the way things work and how to get answers. Additional pay could include bonus, stock, commission, profit sharing or tips. Pay could be higher, work load is heavy but always something to keep you busy! On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Been there for almost 4 years. 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. See if they're hiring! Lines and paragraphs break automatically. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. How should I prepare for the interview? [quote=mlmanager]The CA position is at its base, a secretarial position. Maintain quality relationships with clients, remaining available to offer support. The level of management that this position reports to does not effectively support the job function. Great opportunity for someone wanting to learn the There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The table shows below the name of the job title below you may be interested in including salary range and total compensation. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. The This rating reflects the overall rating of Merrill Lynch and is not affected by filters. 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 Awesome benefits, decent pay and great people! This rating has decreased by -12% in the past 12 months. Your input helps Glassdoor refine our pay estimates over time. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. You canlearn the way things work and how to get answers. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. 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 Geez-this is the most impressive post I've seen about Merrill of all. 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 I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. The CA is there to help the FA grow their business. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. I work in a low paying region and a basic, non-registered CA gets little. Merrill Lynch. The starting salary varies from region to region. They must have excellent organizational and communication skills. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. A good CA can make It The company also takes into consideration the current market rate for similar positions and the cost of living in the area where the job is located. Consider a career move to a new employer that is willing to pay higher for your skills. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. WebWealth Management Client Associate. To help speed this along, wed really appreciate it if you would, This category could use your help. Employers ask this question to learn more about your personality and how you might fit into their company culture. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. They also need to be able to communicate effectively and build trust with their clients. Great health insurance benefits, vacation time, and paid holidays. Join to view profile. 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. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. 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 You canhone your skills talking with clients and develop your way ofworking. A lot of unnecesary pressures from the BofA side of the business. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. Supportive management. 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. I know CA's in small market areas that were making $80K. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. The estimated base pay is $54,026 per year. What is the starting salary? Come to us in your pursuit of success. Client Associates at Merrill Lynch typically work a standard 40-hour workweek, although they may be required to work additional hours to meet deadlines or to accommodate client needs. What are some typical titles and locations for Merrill Lynch jobs? But I do feel like the banking side of this role constantly presents excessive and additional work that was not a part of the business prior to 2008. The average salary for a 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. 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. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. This number represents the median, which is the midpoint of the ranges This will help you provide the best advice and services to your clients. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. 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. She makes GOOD money and never even went to Good benefits. What is more prestigious, kpmg or Merrill lynch? I expect the same from FA's and from other members of the management team. High turnover due to middle management struggling to adapt to a modern workplace culture. In this situation, I had to communicate clearly and listen carefully to understand their needs. Example: My biggest weakness is my attention to detail. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Learn how this feature works. 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 ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 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