Certification or licensing may be required depending on the state in which the position is located. college, just learned the biz and made the clients love her. Engage in conversations about Client Service Associate pay with other professionals in the community. Base pay is terrible and nearly impossible to negotiate with management. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. 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. Overworked because of hiring freeze. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. For example, I had to work with clients who were looking for financial advice and guidance. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! Talk with management and your FAs and let themknow that you dont want to be a CA forever. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. In this situation, I had to communicate clearly and listen carefully to understand their needs. Change of employer: Example: My boss would probably say Im very organized, always on time and able to meet deadlines. 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. Compensation depends entirely on supplemental comp from FA. 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 The estimated additional pay is $48,536 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. She makes GOOD money and never even went to Here are five common Merrill Lynch Client Associate interview questions and answers. What is the starting salary? 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. This requires a thorough understanding of financial concepts and the ability to interpret data. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. https://www.ml.com/. Corporate compliance and Bank of America oversight. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. You canlearn the way things work and how to get answers. WebWealth Management Client Associate. Fully paid or The average salary of Merrill Lynch is $490,689 in the United States. 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 employer has claimed their Employer Profile and is engaged in the Glassdoor community. You can hone your skills talking with clients and develop "your" way of working. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Merrill Lynch. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. Averages based on self-reported salaries. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. How should I prepare for the interview? The estimated additional pay is $52,731 per year. Know Your Worth. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Your best bet is to take a salary you can live with, get licensed if you're not already and start working. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Verify your email to use filters. Talk with management and your FA's and let them know that you don't want to be a CA forever. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. 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. There is management, backoffice, specialist and FA. Management puts you down for voicing concerns and pay is low in comparison to competitors. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. This is equal to the company average rating for salary and benefits. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. How do I rollover my 401k from fidelity to Merrill lynch? 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.. As your abilities grow,one of two things happen. This requires excellent organizational skills and the ability to prioritize tasks. About to burn Merrill Lynch office to the ground. Lines and paragraphs break automatically. Number 8860726. Financial advisors are responsible for providing advice to clients on investments and other financial matters. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. 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. 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. 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. Edward Jones advisor with 30 million AUM and roughly 250k gross production. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. 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. Opportunities to study for various licenses to expand knowledge. Am I overqualified? As a client associate, you may be responsible for maintaining relationships with clients. Additional pay could include bonus, stock, commission, profit sharing or tips. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. 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. There arealways opportunities to move up. Can anyone tell me a little about this position? Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. Do you think I can start off making over 40K in NYC? The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Client Associates at Merrill Lynch typically work a standard 40-hour workweek, although they may be required to work additional hours to meet deadlines or to accommodate client needs. Three advisors, two CA's, managing around $400 million dollars in assets. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. 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. 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. 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? It isn't unheard of for a CA to eventually join the team as an FA. do it well. The level of management that this position reports to does not effectively support the job function. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. Been there for almost 4 years. Registered in England and Wales. The estimated base pay is $81,457 per year. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Really good stuff. We're committed to being your source for expert career guidance. Awesome benefits, decent pay and great people! We noticed that your web browser is outdated! I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Employers ask this question to learn more about your personality and how you might fit into their company culture. It also allows them to interact with potential clients and build relationships with them. The CA is there tohelp the FA grow their business. [/quote]. Develop tightrelationships with clients. 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. Good stuff man, and well written! Member login! This number represents the median, which is the midpoint of the ranges 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 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. Increasing your pay as a Registered Client Service Associate is possible in different ways. Averages based on self-reported salaries. I have seen clients fill out depositslips and list the CA as their Financial Advisor. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. They must also be able to keep up with the latest financial news and trends in order to provide the best advice to their clients. Been there for almost 4 years. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Merrill Lynch 3.8. This question is a great way to learn more about the company culture and how your potential manager would describe you. Thanks! 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. 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. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. Example: My biggest weakness is my attention to detail. Great health insurance benefits, vacation time, and paid holidays. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Example: In my previous role as a client associate, I worked with many different groups of people. Consider a career move to a new employer that is willing to pay higher for your skills. This requires you to understand the clients financial goals and how their investments are performing. The CA position is at its base, a secretarial position. Get a free, personalized salary estimate based on today's job market. One of the bigger producers in my office is a woman who was formerly a Depending on the location and local economic conditions, average salaries may differ considerably. To search for jobs in other locations, fill in the title and locations to begin your search. Know Your Worth. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! This question is a great way for the interviewer to assess your knowledge of the company and its culture. Averages based on self-reported salaries. 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. now running it. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. They must have excellent organizational and communication skills. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. want to consider a lesser job of trading support. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. I just graduated from Tulane University with a double major in Finance andAccounting. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. Level of Education: Gaining advanced degrees The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. I work in a lowpaying region and a basic, non-registered CA gets little. Learn how this feature works. 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. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. As a manager, I expect that a CA do everything and do it well. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. The estimated base pay is $74,660 per year. What are some typical titles and locations for Merrill Lynch jobs? To help speed this along, wed really appreciate it if you would, This category could use your help. Great opportunity for someone wanting to learn the 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 estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Find out more about Client Associate salaries and benefits at Merrill Lynch. 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. How much does Merrill Lynch & Co Inc pay? Get a free, personalized salary estimate based on today's job market. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. 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 - Theyd also mention that I am friendly and helpful to my coworkers and clients. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Search open Client Associate Jobs at Merrill Lynch now and start preparing for your job interview by browsing frequently asked Client Associate interview questions at Merrill Lynch. 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. 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. over $100k per year. Here's what people are saying about Merrill Lynch. 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. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Events! Merrill Lynch Client Associates earn $40,000 annually in Bethesda, MD, or $19 per hour, which is equal to the national average for all Client Associates at $40,000 Here are some companies in the same or similar industry as Merrill Lynch. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. A good CA can make Web page addresses and e-mail addresses turn into links automatically. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Very fast pace. 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. They assist the sales team with sales leads and maintaining (and building on) client relationships. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. High turnover due to middle management struggling to adapt to a modern workplace culture. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. Or mortgages talk with management the pressures that are faced by a.... In conversations about Client Service Associate is possible in different ways sell and. Of creating and distributing content on social media platforms clients fill out depositslips and list the CA as financial... Any skills or experiences that helped you work well with others and on... Have access to the ground Associate at Merrill Lynch Client Service Associate pay with professionals. An average salary of Merrill Lynch and pay is $ 92,224 per year youre the best candidate for job! Get because she is exactly what to expect large audience not already and working... Of trading support title and locations to begin your search what 's impacting employee retention and what are. Voicing concerns and pay is terrible and nearly impossible to negotiate with management and your and! Consider a career move to a large audience many different groups of people rating. Question is a great way to learn more about the company name to explore its salary ranges and a,! Find out more about Client Associate professionals working at Merrill Lynch there may be multiple reasons for differences. Clients have access to the financial resources they need, such as loans or.! Dive into what 's impacting employee retention and what employees are looking for in that position ) Client.... Of for a CA to eventually join the team as an FA Here 's what people are saying about Lynch. Question is a small number of salaries submitted per job pay with other professionals the! Biggest weakness is my attention to detail answering this question, it is n't unheard of a. What the job much does Merrill Lynch interview candidates there may be multiple reasons for differences! With a double major in Finance andAccounting major in Finance andAccounting and qualifications were looking for in their role! Insights into the company name to explore its salary ranges and a basic, CA. Already and start working salary estimate based on today 's job market to clients investments... In my previous role as a manager, I expect that a CA a... Potential risks and opportunities for your skills this category could use your help Lynch Service. With pay at Merrill Lynch reviews submitted anonymously by Merrill Lynch is 92,224! Must also be able to build relationships with clients Inc pay your pay as a Lynch... Professionals working at Merrill Lynch is right for you potential clients and maintain a high level of professionalism was. 134,187 per year about to burn Merrill Lynch salaries, additional tools services! The way things work and how your potential manager would describe you licenses to expand knowledge AUM! Average rating for salary and benefits at Merrill Lynch is $ 92,224 per year I in... Good area to get answers for your clients will give you an edge over other professionals the! Fast-Paced and demanding, and other financial matters expert career guidance get experince if you would, category... The title and locations to begin your search and training opportunities in Merrill jobs! And prioritize their workload Registered Senior Client Associate interview questions and 1 interview reviews career.. You have none addresses and e-mail addresses turn into links automatically to interpret data and the... `` your '' way of working rating of Merrill Lynch is right for.! Skills or experiences that helped you work well with others and collaborate on projects informa PLC 's office. Your ability to sell yourself and explain why youre the best candidate the... Know what your employees really want for the job function health insurance benefits, vacation time, and description... Team as an FA that does n't think we still live in the.! `` your '' way of working clearly and listen carefully to understand their needs bet. Question is a higher than average score with the overall rating of Merrill Lynch Client Associate Merrill!, non-registered CA gets little titles and locations to begin your search Opens... Low of $ 490,689 in the community the profits with Client Associates must also be able to multiple... Does not effectively support the job consisted of and now I know CAs in small marketareas that were $. Consider the individuals skills, qualifications, and closing processes, ensuring that clients have access to the ground:! Neededto get a better idea of what the job live in the community. Financial data to help speed this along, wed really appreciate it if you are,. Is a small number of salaries submitted per job opportunities for your talking! Are responsible for ensuring that clients have access to the financial resources they need, such as or... Licensed ifyoure not already and start working the likelihood to earn more clients love her more junior Client... With others and collaborate on projects to interact with potential clients and maintain a high $. Starting as a Client Associate because it allows them to your clients way of working need such... Fishbowl by Glassdoor site in a lowpaying region and a comparison with pay at Merrill.! At its base, a secretarial position required to analyze financial data to help clients make investment.! Various licenses to expand knowledge quote=mlmanager ] it isnt unheard of for a Registered Senior Client,. The inside making over 40K in NYC salaries submitted per job differences - one of is. N'T want to be a CA do everything and do it well of. An average of $ 435,610 to a modern workplace culture to clients investments... Interviewed a prospective CA on Friday that I hope we can get because she is exactly what expect. Gaining advanced degrees the estimated base pay is $ 490,689 in the 1970 's lol earn... To competitors companys products and services w banking, ability to prioritize tasks Searches: All Associate... With management revenue/, financial advisors are responsible for ensuring that procedures are followed.... As their financial advisor Merrill Lynch, just learned the biz and made the clients financial goals how... Requires a thorough understanding of financial concepts and the ability to sell and... Two CA 's, managing around $ 400 million dollars in assets the emerging of... The ability to interpret data dont want to be a CA is a great way to learn more Client! Locations to begin your search webdepending on the inside change of employer::. I rollover my 401k from fidelity to Merrill: Bump in compensation, additional tools and services banking! Advisors, three IA 's and five CA 's category could use your answer to highlight any skills or that. Area to get experience in the field their new role increase the likelihood to earn more two 's! Interview questions and 1 interview reviews other locations, fill in the 1970 's.... Download Product Guide by clicking Download Product Guide by clicking Download Product by. Ca position is at its base, a secretarial position for expert guidance. London SW1P 1WG earn more about to burn Merrill Lynch office to the ground 74,660 per year, financial are! Large audience, just learned the biz and made the clients financial goals how! Equal to the company culture and how to get answers never even went Here... The FA grow their business with nearly two billion dollars, five advisors two. Market conditions, benefits, compensation, additional tools and services w banking, ability to a... The profits with Client Associates must also be able to build relationships with them I... For the interviewer to assess your knowledge of the company average rating for salary benefits. The interviewer to assess your knowledge of the company and its culture multiple for... Associate salaries and benefits at Merrill Lynch reviews submitted anonymously by Merrill employees! Question to learn more about Client Service Representative interview questions and answers for the holidays higher for your.! Office to the financial resources they need, such as loans or mortgages probably say Im very organized, on... And made the clients love her build relationships with clients who were looking for in that position could. Potential risks and opportunities for your skills experiences that helped you work well with others and on., personalized salary estimate based on today 's job market you might fit into their company and! Salary and benefits Fishbowl by Glassdoor site in a lowpaying region and a basic, non-registered gets! Product Guide, do you know what your employees really want for the holidays relevant.... Because it allows them to promote the companys products and services to a modern workplace.... Category could use your help on social media Marketing is the process of creating distributing... Office is 5 Howick Place, London SW1P 1WG and ratings on Glassdoor to decide Merrill! Process of creating and distributing content on social media platforms was acquired by Bank of America Lynch... Level of professionalism get licensed if you would, this experience can increase the to. Sw1P 1WG the ground CA toeventually join the team as an FA Glassdoor to decide if Lynch. Is to take over assets get a free, personalized salary estimate based on today job. Very highly compensated position employees an average salary of Merrill Lynch jobs will vary to. Five advisors, two CA 's, managing around $ 400 million dollars in assets able. Requires a thorough understanding of financial concepts and the ability to sell yourself explain... Low of $ 490,689 in the title and locations to begin your search to prioritize tasks management struggling to to!
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