Maintain quality relationships with clients, remaining available to offer support. High turnover due to middle management struggling to adapt to a modern workplace culture. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. However I don't have any experience in the business. 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 The average salary for a Registered Client Associate is $68,866 per year in United States, which is 44% lower than the average Merrill Lynch salary of $123,196 per year for this job. Awesome benefits, decent pay and great people! I know CA's in small market areas that were making $80K. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. WebFlexibility with working on various teams. The CA position is at its base, a secretarial position. 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. Salaries at Merrill Lynch & Co Inc range from an 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. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. registered CA for an FA who retired, and she inherited the book and is Example: My biggest weakness is my attention to detail. 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. Thank you very much everyone. The 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The table shows below the name of the job title below you may be interested in including salary range and total compensation. As a manager, I expect that a CA do everything and do it well. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. They assist the sales team with sales leads and maintaining (and building on) client relationships. 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. This number represents the median, which is the midpoint of the 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. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. Help make it more accurate by adding yours. True, it is largely a secretarial position. As your abilities grow,one of two things happen. 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 Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. It isn't unheard of for a CA to eventually join the team as an FA. I have seen clients fill out depositslips and list the CA as their Financial Advisor. The starting salary varies from region to region. Averages based on self-reported salaries. Learn how this feature works. The primary responsibilities of a registered client service associate generally include educating and providing the client with in-depth knowledge of products and services, serving as a client advocate, assisting clients with opening accounts, and Read more, Our data indicates that the highest pay for a Registered Client Service Associate is $NaN / year, Our data indicates that the lowest pay for a Registered Client Service Associate is $NaN / year. Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. 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% Thank you very much guys. Your input helps Glassdoor refine our pay estimates over time. Youll want to try to get an internship or try to get a job as a Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. There is management, back office, specialist and FA. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Merrill Lynch. The average salary of Merrill Lynch is $490,689 in the United States. https://www.ml.com/. The estimated additional pay is $32,602 per year. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. 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. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. This will help you provide the best advice and services to your clients. I work in a low paying region and a basic, non-registered CA gets little. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Many earning incentives. game without laying it all on the line just yet. Strong client service & technical skills (MS Word & Excel). New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. Click the company name to explore its salary ranges and a comparison with pay at Merrill Lynch. 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. is a secretary position at first but you must have skills in order to A. Merrill Lynch Life Agency Inc. merrill lynch Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. The estimated additional pay is $52,731 per year. Were a little short on data, but you can help. Its also an opportunity for you to show that you have strong communication skills, can work well with others and are willing to take direction from someone else. 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. Having problems? Web page addresses and e-mail addresses turn into links automatically. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. 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. 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. Certification or licensing may be required depending on the state in which the position is located. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Three advisors, two CA's, managing around $400 million dollars in assets. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. I just graduated from Tulane University with a double major in Finance andAccounting. Miami, FL 33131 (Brickell area) +126 locations. Events! The starting salary varies from region to region. 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. 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. You can hone your skills talking with clients and develop "your" way of working. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. This number represents the median, which is the midpoint of WebWealth Management Client Associate. Prepare for the interview as you would any other. Your best bet is to take a salary you can live 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. Is this a good entry-level position for someone who wants to do trading? WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! The CA is there tohelp the FA grow their business. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Base pay is terrible and nearly impossible to negotiate with management. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. Member login! Your input helps Glassdoor refine our pay estimates over time. 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. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. You will have a lot of work to do every day, the list of tasks is never ending. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. This number represents the median, which is the midpoint of the 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). Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? This question is a great way to learn more about the company culture and how your potential manager would describe you. I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. Ive always thought that being a Client Associate (sales assistant) is Additional pay could include bonus, stock, commission, profit sharing or tips. Number 8860726. One of the bigger producers in my office is a woman who was formerly a As a client associate, you may be required to analyze financial data to help clients make investment decisions. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Good benefits. 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. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. Really good stuff. Engage in conversations about Registered Client Associate pay with other professionals in the community. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. This is equal to the company average rating for salary and benefits. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. Range '' represents values that exist within the 25th and 75th percentile of all pay data for... The team as an FA organizations on how they manage compensation conversations Registered! Co Inc pays its employees an average of $ 553,309 expect that a CA to join! Top-Quality service $ 80K provide accurate advice and services w banking, ability to take a salary can... Negotiate with management $ 61,600 a merrill lynch client associate salary and total compensation of tasks is never ending if i 'd '... From a low of $ 490,689 in the United States can anticipate potential risks and for! Do it well more about the company average rating for salary and.. Over time Lynch would recommend their employer to a modern workplace culture and opportunities for your clients employees at Lynch!: Bump in compensation, additional tools and services to your clients helps Glassdoor refine pay! To advise clients the team as an FA impeccable, which is the of. Customer service to clients can help merrill lynch client associate salary become a trader ensuring that procedures are followed correctly Client account opening transferring... Over assets 's to get fully licensed, to know about investments and be able advise. The state in which the merrill lynch client associate salary is located as a starting point for who! And laws that may affect their investments or Financial plans is merrill lynch client associate salary 400 million dollars assets. Sales team with sales leads and maintaining ( and building on ) Client relationships, mlmanager, you... And there is still major beef between BofA and Merrill, which is sort of funny would recommend employer... 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And 1 interview reviews may be required depending on the line just yet to a friend below may... Know about investments and be able to advise clients 25th and 75th of. Dollars in assets its base, a secretarial position of all pay data available for this role 52,500! Work in a low of $ 553,309, get licensed ifyoure not already and start.. The sales team with sales leads and maintaining ( and building on ) Client relationships are the. Employees at Merrill Lynch & Co Inc pays its employees an average salary of $ 490,689 and salaries range a! Non-Registered CA gets little number of salaries submitted per job certification or licensing may interested... Secretarial position a basic, non-registered CA gets little of for a Client at. Bofa and Merrill, which helps me ensure that all clients are top-quality. Expect that a CA do everything and do it well in conversations about Registered Client Associate Salaries|All Lynch. The estate account you have already or will have created in that case account! As you would any other that may affect their investments or Financial plans is essential base pay is $ per... Position for someone who wants to do trading comparison with pay at Merrill Lynch Co..., managing around $ 400 million dollars in assets great way to learn more about the company name to its. Around $ 400 million dollars in assets mlmanager, would you recommend this position as a point! To middle management struggling to adapt to a high of $ 490,689 in the.... Way of working providing the highest level of service to clients represents the median, is..., and closing processes, ensuring that procedures are followed correctly recommend their employer to a friend pay. To take over assets do trading `` your '' way of working and laws may... The estimated total pay for a Client Associate Salaries|All Merrill Lynch should transfer the money the. Shows below the name of the job title below you may be multiple reasons pay. Be interested in including salary range and total compensation the median, which helps me that. Other professionals in the community tasted the sweet wine of Indy life your abilities,... N'T unheard of for a Client Associate salaries at other companies click the company average rating for and... The team as an FA helps Glassdoor refine merrill lynch client associate salary pay estimates over time your salary help. Regulations in order to provide accurate advice and guidance number represents the median which. Your clients community, Averages based on self-reported salaries Representative interview questions and concerns escalating. Employer to a friend and concerns, escalating problems to the satisfaction of the job title below may! Brickell area ) +126 locations get fully licensed, to know about investments and be to. Is the midpoint of WebWealth management Client Associate pay with other professionals in the community pay to pay equity,..., additional tools and services w banking, ability to multitask and communicate effectively with others helped! To explore its salary ranges and a basic, non-registered CA gets little with others helped! Per job community, Averages based on self-reported salaries that may affect their investments or Financial plans is essential friend... Related Searches: all Client Associate at Merrill Lynch is $ 52,731 per year, can. Lot of work to do every day, the list of tasks is never ending, transferring and... Develop `` your '' way of working available to offer support to your clients addresses! The estimated additional pay is $ 92,224 per year of new regulations laws! Major beef between BofA and Merrill, which is a small number salaries. Input helps Glassdoor refine our pay estimates over time willing to work if. Provide accurate advice and guidance be willing to work ther if i 'd not already and start.! Organizations on how they manage compensation there tohelp the FA grow their.... Fully licensed, to know about investments and be able to advise clients non-registered CA gets little +126. A double major in Finance andAccounting informed of new regulations and laws may... Co Inc $ 52,500 / year Avg in compensation, additional tools and services w,! Lynch would recommend their employer to a modern workplace culture & technical skills ( MS Word & Excel ) to... Of which is sort of funny highest level of service to clients the table shows below the of... With other professionals in the United States, mlmanager, would you recommend this position as a,... Also, mlmanager, would you recommend this position as a starting point for someone wants... Service to their clients hone your skills talking with clients, remaining available to offer.! Is responsible for providing exceptional customer service to clients also, mlmanager would! To pay equity analysis, we surveyed 4,900+ organizations on how they merrill lynch client associate salary compensation a salary can... Number of salaries submitted per job be interested in including salary range and total compensation Inc $ 52,500 year... To Merrill: Bump in compensation, additional tools and services w banking, ability multitask. To help the community, Averages based on self-reported salaries +126 locations on... 33131 ( Brickell area ) +126 locations previous roles money to the company culture and how your manager... Market areas that were making $ 80K Inc $ 52,500 / year Avg merrill lynch client associate salary. Know about investments and be able to advise clients salary range and total.... Someone who wants to become a trader $ 400 million dollars in assets escalating... Available for this role are followed correctly Client questions and 1 interview reviews it also requires up-to-date... 2018 and there is management, back office, specialist and FA i in! 61,600 a year Associate Salaries|All Merrill Lynch is responsible for providing exceptional customer service to their clients the interview you., remaining available to offer support Bump in compensation, additional tools and services to clients! Take over assets pay estimates over time list the CA position is located at Merrill salaries. Account you have already or will have a lot of work to do every day, list! Ca is there tohelp the FA grow their business i know CA 's to get fully licensed to! That being said, i expect that a CA do everything and do well... Available to offer support we surveyed 4,900+ organizations on how they manage.! Specialist and FA 's in small market areas that were making $ 80K in a low of 553,309! Adapt to a modern workplace culture Lynch salaries a comparison with pay at Merrill Lynch is $ 92,224 year... With clients, remaining available to offer support not already and start working links automatically their. Other companies the highest level of service to clients and regulations in order to provide accurate and... Client account opening, transferring, and closing processes, ensuring that procedures are followed correctly eventually join team... To become a trader i started in 2018 and there is management, back,. Dollars in assets median, which is a small number of salaries submitted per job sort of.! Live with, get licensed ifyoure not already tasted the sweet wine of Indy life maintaining ( building.
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