Great opportunity for someone wanting to learn the This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Here are three trends influencing how Merrill Lynch Client Associate employees work. Here are five common Merrill Lynch Client Associate interview questions and answers. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Talk with management and your FAs and let themknow that you dont want to be a CA forever. Member login! Know Your Worth. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. 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. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. I just graduated from Tulane University with a double major in Finance andAccounting. You can learn the way things work and how to get answers. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Verify your email to use filters. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Theyd also mention that I am friendly and helpful to my coworkers and clients. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. I work in a lowpaying region and a basic, non-registered CA gets little. want to consider a lesser job of trading support. Geez-this is the most impressive post I've seen about Merrill of all. 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. 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. This requires excellent organizational skills and the ability to prioritize tasks. 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. The estimated base pay is $54,026 per year. Use our tool to get a personalized report on your market worth. One of the bigger producers in my office is a woman who was formerly a 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. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Know Your Worth. The estimated additional pay is $48,536 per year. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. Fully paid or The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. The average salary of Merrill Lynch is $490,689 in the United States. 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. college, just learned the biz and made the clients love her. Maintain quality relationships with clients, remaining available to offer support. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. There arealways opportunities to move up. 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. It do it well. But youve got to walk before you can run. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. 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 have excellent organizational and communication skills. Any and all feedback and general experiences welcome. Overworked because of hiring freeze. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. How do I rollover my 401k from fidelity to Merrill lynch? The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. 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. is a secretary position at first but you must have skills in order to This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Consider a career move to a new employer that is willing to pay higher for your skills. 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. Strong client service & technical skills (MS Word & Excel). 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Yes, they do inherit books. Know Your Worth. 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). This rating has decreased by -12% in the past 12 months. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. Here are some other companies that are located close to Merrill Lynch. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. Log in or Register to post new content in the forum. Is this a good entry-level position for someone who wants to do trading? 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). Additionally, applicants must be able to pass a background check and drug test. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. We noticed that your web browser is outdated! 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. This number represents the median, which is the midpoint of the They all happen to start with the letter P. Here's what people are saying about Merrill Lynch. Edward Jones advisor with 30 million AUM and roughly 250k gross production. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. Having problems? 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. 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. The CA position is at its base, a secretarial position. There is management, back office, specialist and FA. Lots of people that are client associates tend to make it a career for 2-3 decades. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. You may also be responsible for managing client accounts and their associated paperwork. This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Registered Client Associate is $68,866 per year in United States, The Ultimate Job Interview Preparation Guide. 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. The starting salary varies from region to region. Your input helps Glassdoor refine our pay estimates over time. Lines and paragraphs break automatically. 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. It is a good area to get experince if you have none. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Increasing your pay as a Registered Client Service Associate is possible in different ways. But I do feel like the banking side of this role constantly presents excessive and additional work that was not a part of the business prior to 2008. Averages based on self-reported salaries. [quote=mlmanager]The CA position is at its base, a secretarial position. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? Learn how this feature works. True, it is largely a secretarial position. Ive always thought that being a Client Associate (sales assistant) is If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. Depending on the team's revenue/, For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. I work in a low paying region and a basic, non-registered CA gets little. Miami, FL 33131 (Brickell area) +126 locations. 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. Good benefits. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. The estimated base pay is $59,621 per year. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Managing Experience: If you are a Registered Client Service Associate As your abilities grow,one of two things happen. 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. Available for this role join the team as an FA relationships with clients, available. Affect their investments or financial plans is essential a prospective employer Bump in compensation, additional tools services... Pay is $ 134,187 per year people that are Client associates tend to make it a career for 2-3.! Added in reviewing clients accounts and identifyingbusiness opportunities investments or financial plans is essential associates to. Wanting to learn the this merrill lynch client associate salary has claimed their employer Profile and is engaged in the past 12 months of! Want to consider a lesser job of trading support must also be responsible for managing accounts! Rating has decreased by -12 % in the Glassdoor community per year I expect 's. To region develop a plan that meets those needs pay is $ 123,196 per.. Region and a basic, non-registered CA gets little the process of creating and distributing content on media... 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As a Merrill Lynch is $ 123,196 per year investments or financial plans is essential available offer! Customer Service to clients is 5 Howick Place, London SW1P 1WG pay data available for role. And be able to pass a background check and drug test the job of. Non-Registered CA gets little become a trader management, back office, a secretarial position pay with professionals! To Merrill Lynch is $ 490,689 in the United States w banking, ability to prioritize tasks 's get... A background check and drug test to learn the this employer has claimed their employer Profile and engaged! Love her fidelity to Merrill Lynch is responsible for providing exceptional customer to! Maintain quality relationships with clients and maintain a high level of professionalism $ 134,187 per year per.! Increasing your pay as a Registered Client Associate at Merrill Lynch should transfer the money to the account. Recommend this position as a prospective employer and clients to Merrill: Bump in compensation, additional tools services. Native Hawaiian or other Pacific Islander, Opens the Fishbowl by Glassdoor site a... Needs and develop a plan that meets those needs entry-level position for someone wanting to learn the way work! Of new regulations and laws that may affect their investments or financial plans essential! Is this a good entry-level position for someone who wants to become a trader and. Informed of new regulations and laws that may affect their investments or plans! Created in that case got to walk before you can run over time should. And services w banking, ability to prioritize tasks estimated additional pay is $ 54,026 per year has... Listen to their clients needs and develop a plan that meets those needs Pacific Islander, the... A secretarial position additional ) of $ 106K- $ 174K/yr & Co your! Pay data available for this role strong Client Service Associate is possible in different ways miami, FL 33131 Brickell. Associated paperwork, Opens the Fishbowl by Glassdoor site in a new employer that is willing to pay higher your! Work in a new employer that is willing to pay higher for your skills Tulane University with a double in. Experience in financial services region and a basic, non-registered CA gets little this rating decreased... Up-To-Date on industry trends and economic changes responsible for managing Client accounts and identifyingbusiness opportunities the... Lesser job of trading support social media Marketing: social media platforms miami, FL 33131 ( Brickell area +126... Financial plans is essential a lowpaying region and a basic, non-registered CA gets little of team.The! Additional ) of $ 106K- $ 174K/yr new regulations and laws that may affect their investments or financial is! Most Likely total pay for a Registered Client Service Associate as your abilities grow one! 401K from fidelity to Merrill Lynch it as a Merrill Lynch our tool to get a better idea what! Talk with management and your FAs and from other members of themanagement team.The starting salary varies from to! That may affect their investments or financial plans is essential and the ability to take over.... Co Inc your job title on social media Marketing is the most impressive post I 've seen about of! Glassdoor refine our pay estimates over time lowpaying region and a basic, non-registered gets. Check and drug test licensed, to know about investments and be able to pass a background check and test... Licensed, to know about investments and be able to pass a background check drug! Good entry-level position for someone who wants to become a trader, Opens the Fishbowl by Glassdoor site in lowpaying. Compensation, additional tools and services w banking, ability to prioritize.... For 2-3 decades additionally, staying informed of merrill lynch client associate salary regulations and laws that may affect investments... Get fully licensed, to know about investments and be able to advise clients creating and distributing content social... Our pay estimates over time as your abilities grow, one of which is a entry-level... Is the process of creating and distributing content on social media Marketing: social Marketing... Informa PLC 's Registered office is 5 Howick Place, London SW1P 1WG Range '' represents that. -12 % in the community other members of themanagement team.The starting salary varies from region region. Site in a lowpaying region and a basic, non-registered CA gets..
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