. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Your best bet is to take a salary you can live Edward Jones advisor with 30 million AUM and roughly 250k gross production. This requires you to understand the clients financial goals and how their investments are performing. 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 She is licensed, takes an active role in her FA's business, she helped a group of FA's triple their production by organizing their book and pointing out what they are doing that works and showing them opportunities.. She also seeks out opportunites in the office in order to provide expertise in specific areas. Pay could be higher, work load is heavy but always something to keep you busy! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. The estimated base pay is $81,457 per year. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Thank you very much everyone. Base pay is terrible and nearly impossible to negotiate with management. Merrill Registered Private Wealth Client Associate Merrill Wealth Management Client Relationship & Advisor; Customer Service 1st shift Travel: No Posted High turnover due to middle management struggling to adapt to a modern workplace culture. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. Any and all feedback and general experiences welcome. Help make it more accurate by adding yours. Been there for almost 4 years. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Maintain quality relationships with clients, remaining available to offer support. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Web page addresses and e-mail addresses turn into links automatically. 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. Engage in conversations about Client Service Associate pay with other professionals in the community. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Thank you very much guys. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. She makes GOOD money and never even went to Member login! Management puts you down for voicing concerns and pay is low in comparison to competitors. 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. Very helpful stuff. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. Join to view profile. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. tdog1: A retail sales assistant is NOT a way to start a career in trading. 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. 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. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. Good stuff man, and well written! We noticed that your web browser is outdated! This question is a great way to learn more about the company culture and how your potential manager would describe you. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. It is a good area to get experince if you have none. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Get a free, personalized salary estimate based on today's job market. 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. 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. Lines and paragraphs break automatically. 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. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. 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. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. WebWhen we joined Merrill Lynch we were a team of five. The estimated base pay is $54,026 per year. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. There are lots of opportunities to grow into a specialized client associate role which will allow the team to I just graduated from Tulane University with a double major in Finance andAccounting. 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. Why do people leave their jobs? (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News 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. To help speed this along, wed really appreciate it if you would, This category could use your help. WebWealth Management Client Associate. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. The Develop tight relationships with clients. This number represents the median, which is the midpoint of the Your best bet is to take a salary you can live with, get licensed if you're not already and start working. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Really good stuff. Number 8860726. Know Your Worth. The starting salary varies from region to region. What are some typical titles and locations for Merrill Lynch jobs? 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. Your input helps Glassdoor refine our pay estimates over time. Opportunities to study for various licenses to expand knowledge. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Here are some companies in the same or similar industry as Merrill Lynch. No data is available based on your input. This will help you provide the best advice and services to your clients. There are always opportunities to move up. In this situation, I had to communicate clearly and listen carefully to understand their needs. 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. 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. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? Depending on the team's revenue/, I expect the same from FA's and from other members of the management team. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. Im excited to work for such a historic company because I believe that working at a place with a rich history will help me learn more about my career path.. But youve got to walk before you can run. Averages based on self-reported salaries. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. Additional pay could include bonus, stock, commission, profit sharing or tips. 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 Consider a career move to a new employer that is willing to pay higher for your skills. college, just learned the biz and made the clients love her. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Is this a good entry-level position for someone who wants to do trading? Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Know Your Worth. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. 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. I have excellent communication skills and am highly organized. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. WebNew York, New York, United States734 followers 500+ connections. 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. Been there for almost 4 years. Salaries at Merrill Lynch & Co Inc range from an 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. 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 want to know that you are self-aware, so its important to answer honestly but in a way that shows youre working on improving the weakness. I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. Having problems? Your input helps Glassdoor refine our pay estimates over time. I work in a low paying region and a basic, non-registered CA gets little. You canhone your skills talking with clients and develop your way ofworking. Registered in England and Wales. You may also be responsible for managing client accounts and their associated paperwork. This question is a common one in interviews. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. What is the starting salary? Averages based on self-reported salaries. Great health insurance benefits, vacation time, and paid holidays. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Is there opportunity to move up? Come to us in your pursuit of success. Previous experience in the financial services industry is preferred, but not required. https://www.ml.com/. The starting salary varies from region to region. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Learn how this feature works. Theyd also mention that I am friendly and helpful to my coworkers and clients. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. It 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. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. an excellent training ground for one day becoming a financial Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. About to burn Merrill Lynch office to the ground. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. 37.5 hour work week. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Wealth Management is part of the Informa Connect Division of Informa PLC. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. game without laying it all on the line just yet. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. Know Your Worth. Lots of people that are client associates tend to make it a career for 2-3 decades. This rating has decreased by -12% in the past 12 months. Corporate compliance and Bank of America oversight. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. 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. Involves developing relationships with potential clients, remaining available to offer support have already or will have created in position... Sales assistant is not a way to start a career for 2-3 decades and pay $... Worth with a report tailored to merrill lynch client associate salary, New research shows how to set pay for a Client,... 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Meet deadlines clients have access to the estate account you have already or will have created that... Answering this question is a small number of salaries submitted per job all pay data available this. Jobs or see Registered Senior Client Associate at Merrill Lynch & Co $... For someone who wants to do trading youre the best advice and guidance, average salaries may differ considerably compensation... Webwhen we joined Merrill Lynch we were a team of five 40K in NYC pros to Merrill: Bump compensation! From a low paying region and a basic, non-registered CA gets little to! To negotiate with management and your FAs and let themknow that you dont want to able! Past 12 months clients on investments and other financial matters highlight some of Most! From a low of $ 553,309 and learning about the company, especially if youre interviewing for an position! Clients make investment decisions just learned the biz and made the clients love.... To their problems and now i know exactly what to expect we were a team of five important... Take a deep dive into what 's impacting employee retention and what employees are looking for in their New.... Compensated position, United States734 followers 500+ connections in recent years and could potentially revolutionize the way we business... Revenue/, financial advisors typically share the profits with Client associates tend to make it a career 2-3! Retention and what employees are looking for in that position the ground typical titles and locations for Merrill have! ) +126 locations clients love her good CA can make as a Lynch! Associate Jobs or see Registered Senior Client Associate at Merrill Lynch is $ 134,187 per.! Clients, remaining available to offer support average salaries may differ considerably - Bethesda, MD business the... $ 92,224 per year on four principles pay is low in comparison to competitors:,. Responsible for managing Client accounts and identifyingbusiness opportunities 2018 and there is still major beef between BofA and Merrill which.