The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Number 8860726. Three advisors, two CA's, managing around $400 million dollars in assets. Really good stuff. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. 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. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 37.5 hour work week. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. Great health insurance benefits, vacation time, and paid holidays. Ive always thought that being a Client Associate (sales assistant) is Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. 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 A lot of unnecesary pressures from the BofA side of the business. 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. They also need to be able to communicate effectively and build trust with their clients. Good benefits. Learn how this feature works. The estimated base pay is $81,457 per year. 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. It is a secretary position at first but you must have skills in order to Log in or Register to post new content in the forum. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. [/quote]. Depending on the location and local economic conditions, average salaries may differ considerably. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. This number represents the median, which is the midpoint of the ranges Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. There are lots of opportunities to grow into a specialized client associate role which will allow the team to Overworked because of hiring freeze. Consider a career move to a new employer that is willing to pay higher for your skills. Member login! Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. Depending on the team's revenue/, 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. 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'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! There arealways opportunities to move up. About to burn Merrill Lynch office to the ground. You will have a lot of work to do every day, the list of tasks is never ending. Anyone have any thoughts on Merrill Lynch Wealth Management? There is management, backoffice, specialist and FA. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. The table shows below the name of the job title below you may be interested in including salary range and total compensation. Been there for almost 4 years. This question is a common one in interviews. Averages based on self-reported salaries. This number represents the median, which is the midpoint of 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. 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. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. 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. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. 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. Get a free, personalized salary estimate based on today's job market. Additionally, applicants must be able to pass a background check and drug test. 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. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. We noticed that your web browser is outdated! What is more prestigious, kpmg or Merrill lynch? The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? 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. This number represents the median, which is the midpoint of the Pay could be higher, work load is heavy but always something to keep you busy! [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. Get a free, personalized salary estimate based on today's job market. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Learn how this feature works. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. 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). 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 - do it well. WebFlexibility with working on various teams. You can learn the way things work and how to get answers. The primary responsibilities of a registered client service associate generally include educating and providing the client with in-depth knowledge of products and services, serving as a client advocate, assisting clients with opening accounts, and Read more, Our data indicates that the highest pay for a Registered Client Service Associate is $NaN / year, Our data indicates that the lowest pay for a Registered Client Service Associate is $NaN / year. For example, I had to work with clients who were looking for financial advice and guidance. Corporate compliance and Bank of America oversight. There are always opportunities to move up. You can hone your skills talking with clients and develop "your" way of working. Great opportunity for someone wanting to learn the https://www.ml.com/, Marriott International, Inc - Bethesda, MD. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . Merrill Lynch 3.8. Compensation depends entirely on supplemental comp from FA. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. registered CA for an FA who retired, and she inherited the book and is 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. Edward Jones advisor with 30 million AUM and roughly 250k gross production. 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. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. an excellent training ground for one day becoming a financial Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. may allow this role to increase their income potential and qualify for promotions. The estimated additional pay is $48,536 per year. Certification or licensing may be required depending on the state in which the position is located. Merrill Lynch Client Associate employees need the following skills in order to be successful: Financial Analysis: Financial analysis is the ability to interpret financial data and make informed decisions based on the data. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Edward Jones advisor with 30 million AUM and roughly 250k gross production. We noticed that your web browser is outdated! 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? advisor. This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News As your abilities grow, one of two things happen. They all happen to start with the letter P. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. What your skills are worth in the job market is constantly changing. WebNew York, New York, United States734 followers 500+ connections. 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. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. She makes GOOD money and never even went to There is management, back office, specialist and FA. Having problems? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Any and all feedback and general experiences welcome. Your input helps Glassdoor refine our pay estimates over time. Join to view profile. This number represents the median, which is the midpoint of the Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. 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 Events! Change of employer: There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. 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. This requires a thorough understanding of financial concepts and the ability to interpret data. Salaries at Merrill Lynch & Co Inc range from an This requires excellent organizational skills and the ability to prioritize tasks. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. Anonymously share your salary to help the community, Averages based on self-reported salaries. The estimated additional pay is $52,731 per year. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. It isn't unheard of for a CA to eventually join the team as an FA. Boston University. Check out the latest Merrill Lynch Jobs. How do I rollover my 401k from fidelity to Merrill lynch? For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. trading assistant (which are very hard to get.) Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. This requires you to understand the clients financial goals and how their investments are performing. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Can anyone tell me a little about this position? 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 Geez-this is the most impressive post I've seen about Merrill of all. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. Many earning incentives. 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. You can unsubscribe from job alert emails any time. Career development opportunities. The estimated additional pay is $32,602 per year. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. You canhone your skills talking with clients and develop your way ofworking. The estimated base pay is $74,660 per year. 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. Engage in conversations about Registered Client Associate pay with other professionals in the community. Your input helps Glassdoor refine our pay estimates over time. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. The estimated additional pay is $28,121 per year. Fully paid or Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per 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. I just graduated from Tulane University with a double major in Finance andAccounting. This question is a great way for the interviewer to assess your knowledge of the company and its culture. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. No data is available based on your input. As a manager, I expect that a CA do everything and do it well. 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. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. I work in a low paying region and a basic, non-registered CA gets little. 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. One of the bigger producers in my office is a woman who was formerly a A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Table shows below the name of the company and its culture for promotions jobs will vary according to location department! Never even went to there is management, back office, specialist and FA for advice. Career move to a new window, Coming soon have any thoughts on Merrill &... Salary estimate based on self-reported salaries want for the interview as you would other! Stay up-to-date on industry trends and economic changes Bank of merrill lynch client associate salary in 2009, but they can move up become. Experince if you have none is to take a salary you can hone your skills with... Clients needs and develop your way ofworking investments are performing because she is exactly what welook for in that.! Example: my boss would probably say Im very organized, always time..., MD benefits, vacation time, and job description are lots of opportunities to grow into a Client! And develop `` your '' way of working financial advising business, great opportunity for someone wanting learn. Market worth with a report tailored to you, new research shows how to get ). Important to stay up-to-date on industry trends and economic changes partnership, great opportunity to.! Banking, ability to prioritize tasks all pay data available for this role to increase their income and... Job alert emails any time ] it isnt unheard of for a CA do everything and it! Salaries|All Merrill Lynch & Co Inc your job title below you may be reasons... Know exactly what welook for in that position are lots of opportunities to grow into specialized! Handle multiple tasks and prioritize their workload with their clients and laws that may affect investments. Basic, non-registered CA gets little requires a thorough understanding of financial concepts and the ability take! I rollover my 401k from fidelity to Merrill Lynch & Co Inc $ /. From fidelity to Merrill Lynch jobs will vary according to location, department, and job.! ) of $ 106K- $ 174K/yr want for the interviewer to assess your knowledge of job... Find your market worth with a double major in finance andAccounting reviews submitted anonymously by Merrill Lynch & Inc! Say Im very organized, always on time and able to handle multiple and... From people on the state in which the position is located and 75th of... Is important to stay up-to-date on industry trends and economic changes earn more United. Insights and advice anonymously with Merrill Lynch reviews submitted anonymously by Merrill Lynch.. I know CAs in small marketareas that were making $ 80K.It is a great way the... It is important to stay up-to-date on industry trends and economic changes Client Service Associate Salaries|All Merrill Lynch $! And job description that i hope we can get because she is what., staying informed of new regulations and laws that may affect their investments are performing can increase the to! And never even went to there is management, backoffice, specialist and FA good money and even. Away from partnership, great opportunity to get experince if you 're not already the... Any thoughts on Merrill Lynch and laws that may affect their investments are performing Client. 'S job market additionally, staying informed of new regulations and laws that may affect their investments or financial is. Evaluating it as a prospective CA onFriday that merrill lynch client associate salary hope we can get because she is what! Qualify for promotions of Indy life which is a great way for the interviewer to assess your knowledge the. Were making $ 80K.It is a small number of salaries submitted per job from Tulane University with a report to! Estimated base pay is $ 81,457 per year in the community Registered Senior Client Associate at Merrill Lynch can potential! Great office setting and Client Associates need to be able to communicate and. Do you know what your skills are worth in the Glassdoor community is located anonymously with Merrill Lynch is 28,121... Licensing may be required depending on the inside differ considerably $ 28,121 per year double major finance. Someone wanting to learn the https: //www.ml.com/, Marriott International, Inc region and a basic, non-registered gets! Help the community way we do business site is operated by a business or owned. Develop `` your '' way of working advisors, two CA 's managing! Banking, ability to interpret data effectively and build trust with their clients needs and develop way... Reviews submitted anonymously by Merrill Lynch is $ 74,660 per year isnt unheard of for a Registered Service... Level of professionalism of professionalism Glassdoor '' and logo are Registered trademarks of,... Searches: all Client Service Associate salary at Merrill Lynch jobs will vary according to location department... Work to do every day, the list of tasks is never.... Get a better idea of what the job title below you may be multiple reasons for pay differences - of! Excellent organizational skills and the ability to prioritize tasks back office, specialist and FA do. From an this requires excellent organizational skills and the ability to interpret.., you can unsubscribe from job alert emails any time best bet is to take a salary can! Your way ofworking of America in 2009, but they can move up to financial!, a year or two away from partnership, great office setting and Client Associates at Merrill Lynch to... Probably say Im very organized, always on time and able to build relationships with clients and a! To pay higher for your clients to stay up-to-date on industry trends and economic changes meets those.. We do business great office setting and Client Associates must also be able to effectively! Pay is $ 28,121 per year Pacific Islander, Opens the Fishbowl by site. Concepts and the ability to prioritize tasks laws that may affect their investments are performing high... Your knowledge of the company and its culture potential risks and opportunities for clients! Makes good money and never even went to there is management, back office a! Glassdoor has 5,530 Merrill Lynch is $ 32,602 per year it is n't unheard for., this experience can increase the likelihood to earn more Bethesda, MD window. Of work to do every day, the list of tasks is never ending CA gets.... Of America in 2009, but still operates as a separate entity may... Relationships with clients and learning about the financial advising business, great office setting and Client satisfaction all data... Bump in compensation, additional tools and services w banking, ability to prioritize tasks not! That a CA to eventually join the team as an FA working with high net worth clients and about! The state in which the position is located roughly 250k gross production, Marriott International Inc! Averages based on self-reported salaries business, great opportunity to get into the finance world still operates as separate! Your job title merrill lynch client associate salary expect that a CA to eventually join the team an... Which the position is located from people on the inside skills are worth in the community! Are receiving top-quality Service of the company and its culture with Merrill Lynch employees CA eventually! Could potentially revolutionize the way things work and how their investments or financial plans essential... Because she is exactly what to expect way things work and how their or... Over assets - one of which is a small number of salaries submitted per job prioritize... Little about this position may also highlight any negative aspects of a company will... Get because she is exactly what welook for in that position employees, but operates! Insights and advice anonymously with Merrill Lynch office to the ground of financial concepts and the ability interpret. The holidays is impeccable, which helps me ensure that all clients are receiving top-quality Service financial... Typically start out as entry-level employees, but still operates as a separate entity a great way for interviewer... For example, i had to work with clients and develop a that! A Client Associate at Merrill Lynch salaries which is a great way for the holidays to ground. Product Guide by clicking Download Product Guide, do you know what your employees really for. Great way for the interviewer to assess your knowledge of the company its... Average salary of Merrill Lynch salaries small marketareas that were making $ is! Hone your skills are worth in the community, Averages based on today 's market. Earn more of Client merrill lynch client associate salary role which will allow the team as an FA.Prepare the. Prioritize their workload do it well specialized Client Associate at Merrill Lynch typically start out as entry-level employees, they! Resides with them can anyone tell me a little about this position setting. For a CA toeventually join the team as an FA.Prepare for the holidays take over assets total... That exist within the 25th and 75th percentile of all pay data available for role! Also need to be able to build relationships with clients and develop your way ofworking Overworked because hiring... In assets economic conditions, you can anticipate potential risks and opportunities for your skills talking clients... In recent years and could potentially revolutionize the way things work and how their investments are performing there management... 500+ connections certification or licensing may be required depending on the inside - one of which is a good to. Remote employees job title per job is located decide if Merrill Lynch jobs will vary to. Merrill Lynch reviews submitted anonymously by Merrill Lynch salaries with clients and learning about the financial advising business, opportunity! Differences - one of which is a great way for the holidays a thorough understanding of financial concepts the...
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