The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. However I don't have any experience in the business. Learn how this feature works. 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. I work in a lowpaying region and a basic, non-registered CA gets little. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. 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. Overworked because of hiring freeze. 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. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! Any and all feedback and general experiences welcome. Fully paid or Also, you may They must have excellent organizational and communication skills. 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. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. 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. 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. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. The starting salary varies from region to region. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Lines and paragraphs break automatically. Use our tool to get a personalized report on your market worth. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. 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. 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. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. To help speed this along, wed really appreciate it if you would, This category could use your help. is a secretary position at first but you must have skills in order to The estimated base pay is $59,621 per year. The starting salary varies from region to region. Lots of people that are client associates tend to make it a career for 2-3 decades. The CA position is at its base, a secretarial position. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. Individual salaries will, of course, vary depending on the job, You can hone your skills talking with clients and develop "your" way of working. now running it. 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. Good benefits. Yes, they do inherit books. This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs Client Retention: Client retention is the ability to keep clients happy and encourage them to continue using your companys services. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. Compensation depends entirely on supplemental comp from FA. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Strong client service & technical skills (MS Word & Excel). 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. You will have a lot of work to do every day, the list of tasks is never ending. Member login! https://www.ml.com/. 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? 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. Were a little short on data, but you can help. Talk with management and your FAs and let themknow that you dont want to be a CA forever. This requires you to understand the clients financial goals and how their investments are performing. I expect the same from FA's and from other members of the management team. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. You can learn the way things work and how to get answers. They assist the sales team with sales leads and maintaining (and building on) client relationships. may allow this role to increase their income potential and qualify for promotions. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. Change of employer: 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. Registered in England and Wales. As your abilities grow, one of two things happen. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. 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. Member Directory! Very fast pace. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Thanks! Client Associates are expected to be available to clients during normal business hours, and may be required to travel to meet with clients or attend conferences. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. Here are three trends influencing how Merrill Lynch Client Associate employees work. Example: My biggest weakness is my attention to detail. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. What are some typical titles and locations for Merrill Lynch jobs? tdog1: A retail sales assistant is NOT a way to start a career in trading. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. 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). Theyd also mention that I am friendly and helpful to my coworkers and clients. One of the bigger producers in my office is a woman who was formerly a Log in or Register to post new content in the forum. Help make it more accurate by adding yours. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. Level of Education: Gaining advanced degrees Previous experience in the financial services industry is preferred, but not required. They may also reveal information or provide tips on interviewing skill requirements, and other factors that could help when applying for a position at that company. A good CA can make Consider a career move to a new employer that is willing to pay higher for your skills. We're committed to being your source for expert career guidance. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Anonymously share your salary to help the community, Get started with your Free Employer Profile, average salary for a Client Service Associate is $47,261 per year in United States, The Ultimate Job Interview Preparation Guide. The estimated base pay is $54,026 per year. How should I prepare for the interview? Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. Corporate compliance and Bank of America oversight. Help make it more accurate by adding yours. 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 Employers ask this question to learn more about your personality and how you might fit into their company culture. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. High turnover due to middle management struggling to adapt to a modern workplace culture. 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. A lot of unnecesary pressures from the BofA side of the business. 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. Number 8860726. WebWe currently have part-time and full-time client associate positions available. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Here's what people are saying about Merrill Lynch. Your input helps Glassdoor refine our pay estimates over time. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. Am I overqualified? Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. 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. Merrill Lynch Engaged Employer Overview 5.5K Reviews 2 Jobs 8.2K Salaries 1.2K Interviews 1.2K Benefits 25 Photos 1.1K Diversity + Add a Review Merrill Lynch Client 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. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! The estimated base pay is $74,660 per year. I work in a low paying region and a basic, non-registered CA gets little. 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. Awesome benefits, decent pay and great people! Depending on the location and local economic conditions, average salaries may differ considerably. 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. Three advisors, two CA's, managing around $400 million dollars in assets. It also allows them to interact with potential clients and build relationships with them. Can anyone tell me a little about this position? The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Develop tight relationships with clients. There is management, backoffice, specialist and FA. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. 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. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job. Your best bet is to take a salary you can live trading assistant (which are very hard to get.) Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. I have excellent communication skills and am highly organized. Career development opportunities. Check out the latest Merrill Lynch Jobs. 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. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. [/quote] Maintain quality relationships with clients, remaining available to offer support.