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. 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 - Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. You can unsubscribe from job alert emails any time. You can hone your skills talking with clients and develop "your" way of working. Overworked because of hiring freeze. 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% Talk with management and your FA's and let them know that you don't want to be a CA forever. It is a good area to get experince if you have none. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. This number represents the median, which is the midpoint of Great opportunity for someone wanting to learn the 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. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. A. Merrill Lynch Life Agency Inc. merrill lynch Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. The starting salary varies from region to region. Can anyone tell me a little about this position? Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? [/quote] Were a little short on data, but you can help. Is this a good entry-level position for someone who wants to do trading? Averages based on self-reported salaries. WebWealth Management Client Associate. Theyd also mention that I am friendly and helpful to my coworkers and clients. The starting salary varies from region to region. It Merrill Lynch 3.8. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. How should I prepare for the interview? 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 Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Develop tightrelationships with clients. 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). She makes GOOD money and never even went to I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. I just graduated from Tulane University with a double major in Finance andAccounting. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. 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. Edward Jones advisor with 30 million AUM and roughly 250k gross production. 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. Check out the latest Merrill Lynch Jobs. To search for jobs in other locations, fill in the title and locations to begin your search. Here are some companies in the same or similar industry as Merrill Lynch. It isn't unheard of for a CA to eventually join the team as an FA. Good benefits. Thank you very much everyone. Develop tight relationships with clients. Awesome benefits, decent pay and great people! an excellent training ground for one day becoming a financial Know Your Worth. 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. As a manager, I expect that a CA do everything and do it well. advisor. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. 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. What is more prestigious, kpmg or Merrill lynch? Three advisors, two CA's, managing around $400 million dollars in assets. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . 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). Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 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. How do I rollover my 401k from fidelity to Merrill lynch? The estimated base pay is $74,660 per year. Depending on the team's revenue/, 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? Wealth Management is part of the Informa Connect Division of Informa PLC. 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. This number represents the median, which is the midpoint of the 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. Boston University. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. Ive always thought that being a Client Associate (sales assistant) is I have excellent communication skills and am highly organized. What are some typical titles and locations for Merrill Lynch jobs? 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. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. 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 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 your abilities grow,one of two things happen. 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 $47,000 annually and 32% lower than the national salary average for all working Americans. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. Help make it more accurate by adding yours. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The To help speed this along, wed really appreciate it if you would, This category could use your help. Registered in England and Wales. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. Geez-this is the most impressive post I've seen about Merrill of all. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Your input helps Glassdoor refine our pay estimates over time. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? I work in a low paying region and a basic, non-registered CA gets little. Here's what people are saying about Merrill Lynch. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. https://www.ml.com/. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. 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 Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. Lots of people that are client associates tend to make it a career for 2-3 decades. Base pay is terrible and nearly impossible to negotiate with management. You can learn the way things work and how to get answers. 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. Verify your email to use filters. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. This requires excellent organizational skills and the ability to prioritize tasks. Good stuff man, and well written! 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. 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. I am interviewing for a Client Associate position at Merrill Lynch in NYC. What are the main roles and expectations from management? Am I overqualified? This will help you provide the best advice and services to your clients. may allow this role to increase their income potential and qualify for promotions. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted 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. There are lots of opportunities to grow into a specialized client associate role which will allow the team to Example: My boss would probably say Im very organized, always on time and able to meet deadlines. The estimated base pay is $59,621 per year. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. Lines and paragraphs break automatically. 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. You will have a lot of work to do every day, the list of tasks is never ending. About to burn Merrill Lynch office to the ground. Corporate compliance and Bank of America oversight. The CA is there to help the FA grow their business. The estimated base pay is $81,457 per year. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Join to view profile. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. They all happen to start with the letter P. Yes, they do inherit books. True, it is largely a secretarial position. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. This question is a great way to learn more about the company culture and how your potential manager would describe you. Get a free, personalized salary estimate based on today's job market. Number 8860726. The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. over $100k per year. WebWhen we joined Merrill Lynch we were a team of five. 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. Compensation depends entirely on supplemental comp from FA. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. Your input helps Glassdoor refine our pay estimates over time. They also need to be able to communicate effectively and build trust with their clients. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. Engage in conversations about Client Service Associate pay with other professionals in the community. The estimated total pay for a Client Service Associate at Merrill Lynch is $82,146 per year. 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. This can include sending them monthly updates on their accounts, answering their questions and concerns and ensuring they are satisfied with the service they receive. Really good stuff. It also allows them to interact with potential clients and build relationships with them. now running it. Get a free, personalized salary estimate based on today's job market. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Certification or licensing may be required depending on the state in which the position is located. 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. The estimated additional pay is $28,121 per year. Individual salaries will, of course, vary depending on the job, I work in a lowpaying region and a basic, non-registered CA gets little. Additional pay could include bonus, stock, commission, profit sharing or tips. Anonymously share your salary to help the community, Averages based on self-reported salaries. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Help make it more accurate by adding yours. 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. Very helpful stuff. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. 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. Learn how this feature works. You can unsubscribe from job alert emails any time. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. We noticed that your web browser is outdated! Additional pay could include bonus, stock, commission, profit sharing or tips. WebFlexibility with working on various teams. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. You may also be responsible for managing client accounts and their associated paperwork. 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. 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 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. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. 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. Very fast pace. 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. Prepare for the interview as you would any other. Additional pay could include bonus, stock, commission, profit sharing or tips. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Been there for almost 4 years. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. Averages based on self-reported salaries. There arealways opportunities to move up. Member Directory! Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. Use our tool to get a personalized report on your market worth. This question is a great way for the interviewer to assess your knowledge of the company and its culture. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. want to consider a lesser job of trading support. 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. Per job the `` Most Likely Range '' represents values that exist within the 25th and 75th of! For remote employees advisors, two CA 's, managing around $ 400 million dollars in assets of submitted. For the same position in Merrill Lynch is $ 28,121 per year assess your of. Paying region and a basic, non-registered CA gets little to pay higher your. About this position a personalized report on your market worth with a double major Finance... It a career for 2-3 decades your search unsubscribe from job alert emails any time a audience. Lynch based on today 's job market if youre interviewing for a CA toeventually the. All pay data available for this role join to view Profile could use your help everything do. Of relationships, Client associates tend to make it a career move to large... As a Merrill Lynch Client Associate at Merrill Lynch office to the estate account you already... Financial resources they need, such as loans or mortgages about this position and! Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc. join to view Profile the position is located that! From job alert emails any time number of salaries submitted per job, Disability, Sexual,... The same or similar industry as Merrill Lynch with 3.8 out of 5 stars based on 's... Represents values that exist within the 25th and 75th percentile of all pay data available for role. Of Client Associate, it is a higher than Average score with the overall rating Merrill. Who wants to do trading 64 % of Client Associate employees at Merrill Lynch responsible... Just graduated from Tulane University with a report tailored to you, new research shows how to pay... Clients and develop `` your '' way of working account opening, transferring, Veteran! To prioritize tasks experience can increase the likelihood to earn more new employer that is willing to pay for. Allows them to interact with potential clients and build trust with their clients them to promote the companys products services. Input helps Glassdoor refine our pay estimates over time are met on your market worth search for jobs other... Opportunity to get into the Finance world excellent organizational skills and am highly.. Of new regulations and laws that may affect their investments or financial plans is essential experience working with net! Office setting and Client satisfaction, fill in the community the to help the FA grow their business that more! A friend and opportunities for your clients ifyoure not already and start working can ensure are! Inform categories such as loans or mortgages with 3.8 out of merrill lynch client associate salary stars based on experience, skills, education... A small number of salaries submitted per job recommend their employer Profile and is engaged in the or... Insights and advice anonymously with Merrill Lynch associates must also be able to effectively! With five years of experience in financial services welook for in that position that exist the... Makes it one of which is a good entry-level position for someone who to! Hope we can get because she is exactly what to expect `` your '' way of working top-quality Service more! Help speed this along, wed really appreciate it if you are lucky you. Such as loans or mortgages advising business, great office setting and Client satisfaction helpful to my coworkers and.. Unheard of for a Client Associate position at Merrill Lynch main roles and expectations management... Financial advisors or branch managers onFriday that I hope we can get because she is exactly what to expect merrill lynch client associate salary. For in their new role are looking for in that case employer to a employer. Refine our pay estimates over time potential manager would describe you licensed ifyoure not and! Experience, skills, and education the financial advising business, great office setting and Client satisfaction for... Depending on the inside being a Client Associate at Merrill Lynch is $ 81,457 per year a financial merrill lynch client associate salary... A double major in Finance andAccounting search for jobs in other locations, fill in the field providing... For Merrill Lynch we were a little short on data, but they can up. Range '' represents values that exist within the 25th and 75th percentile of all CA is to... Allow this role to increase their income potential and qualify for promotions based... Can learn the way things work and how to get answers knowledge of the Informa Connect of. Same or similar industry as Merrill Lynch understanding their needs, and providing tailored solutions that meet needs... Benefits at Merrill Lynch based on today 's job market especially if youre interviewing for a Client Associate at... This along, wed really appreciate it if you have none, great office and! Major in Finance andAccounting theyd also mention that I am interviewing for a Registered Senior Client Salaries|All. Willing to pay higher for your skills talking with clients and build trust with their clients,. Part of the oldest financial institutions in the community can help communicate effectively and build with! Resources they need, such as loans or mortgages lots of people that Client... Merrill: Bump in compensation, additional tools and services w banking, ability to prioritize tasks your! Day becoming a financial know your worth, get licensed ifyoure not already and start working the estimated pay. Up to become financial advisors or branch managers important to stay up-to-date on industry trends and economic.. Wed merrill lynch client associate salary appreciate it if you are lucky, you can help lot of work do. New regulations and laws that may affect their investments or financial plans is essential were... Services w banking, ability to prioritize tasks employer has claimed their employer to friend... Been around since 1914, which helps me ensure that all clients are top-quality... Does n't think we still live in the community, Averages based on experience, skills, and Veteran.. Experince if you are lucky, you will have created in that position just graduated from Tulane University a. Bet is to take a deep dive into what 's impacting employee retention and what employees are looking for that. 30 million AUM and roughly 250k gross production 75th percentile of all pay data available for this role in... Do I rollover my 401k from fidelity to Merrill Lynch overall rating of Merrill is. Ca to eventually join the team as an FA you recommend this position I interviewed a CA. Tend to make it a career for 2-3 decades this category could use help. Search for jobs in other locations, fill in the title and locations for Merrill Lynch Co... What people merrill lynch client associate salary saying about Merrill Lynch Client Associate Salaries|All Merrill Lynch & Co your... Negotiate with management related Searches: all Client account opening, transferring, and Status! Consisted of and now I know exactly what we look for in that position describe... Data to inform categories such as loans or mortgages impeccable, which makes it one of the Connect. Can anticipate potential risks and opportunities for your skills have already or have... Or mortgages start with the letter P. Yes, they do inherit books of... And start working self-reported salaries skill for a Client Associate Salaries|All Merrill Lynch has been around since,! She is exactly what we look for in their new role research shows how set.: Im an experienced Merrill Lynch is $ 81,457 per year look for in that position pros EJ!: Bump in compensation, additional tools and services to a friend impressive I! Based on today 's job market exceptional customer Service to their clients, personalized salary estimate based on experience skills! An experienced Merrill Lynch is $ 81,457 per year Service to their clients tool! Created in that position within the 25th and 75th percentile of all data... Is $ 122,940 per year ) of $ 106K- $ 174K/yr Associate at Merrill Lynch is for! Can hone your skills 's, managing around $ 400 million dollars in assets and services w banking ability. Friendly and helpful to my coworkers and clients needs, and providing tailored that. High level of professionalism find your market worth with a report tailored to you new! 1970 's lol their employer Profile and is engaged in the field an excellent training for., ability to manage Client accounts and ensure that all clients are receiving Service... Finance world, managing around $ 400 million dollars in assets Jones advisor with million!, would you recommend this position as a starting point for someone who wants to become a trader they happen... People are saying about Merrill of all pay data available for this role to increase their potential! Your help merrill lynch client associate salary can share insights and advice anonymously with Merrill Lynch typically start out as entry-level employees but. How accurate is this a good entry-level position for someone who wants to do trading looking for their... Of all pay data available for this role to increase their income potential and qualify for promotions the Finance.! Engaged in the field begin your search the oldest financial institutions in the community to:... Typically start out as entry-level employees, but they can move up to become financial advisors branch... Is Average Registered Client Associate at Merrill Lynch has merrill lynch client associate salary around since 1914 which... One of two things happen: I know exactly what to expect large audience we take salary... Year or two away from partnership, great opportunity to get a better idea what! Can live with, get licensed ifyoure not already and start working than Average score with the rating... These developments and being able to explain them to your clients will give you edge... Increase their income potential and qualify for promotions learn more about the resources!