merrill lynch client associate salary

Help make it more accurate by adding yours. Verify your email to use filters. Previous experience in the financial services industry is preferred, but not required. What your skills are worth in the job market is constantly changing. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. 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. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. 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. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. Wealth Management is part of the Informa Connect Division of Informa PLC. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. 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 CA is there to help the FA grow their business. Thank you very much everyone. Your input helps Glassdoor refine our pay estimates over time. Merrill Lynch should transfer the money to the estate account you have already or will have created in that case. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. 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 Prepare for the interview as you would any other. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Help make it more accurate by adding yours. As the financial services industry continues to evolve, it is becoming increasingly important for Merrill Lynch Client Associates to understand the importance of relationships. How do I rollover my 401k from fidelity to Merrill lynch? Know Your Worth. Here are some other companies that are located close to Merrill Lynch. 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% This number represents the median, which is the midpoint of the Thanks! We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. We noticed that your web browser is outdated! A lot of unnecesary pressures from the BofA side of the business. 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. As a Merrill Lynch Client Associate, it is important to understand the emerging trend of business development and client acquisition. Having problems? 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. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. Here are five common Merrill Lynch Client Associate interview questions and answers. Very helpful stuff. Good stuff man, and well written! As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. Find out more about Client Associate salaries and benefits at Merrill Lynch. Supportive management. Been there for almost 4 years. They assist the sales team with sales leads and maintaining (and building on) client relationships. True, it is largely a secretarial position. 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. What are the main roles and expectations from management? trading assistant (which are very hard to get.) This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Talk with management and your FAs and let themknow that you dont want to be a CA forever. 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. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. 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. 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. [/quote] Boston University. 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. As your abilities grow,one of two things happen. This requires you to understand the clients financial goals and how their investments are performing. Your input helps Glassdoor refine our pay estimates over time. 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. A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Additionally, the company may consider the individuals skills, qualifications, and other relevant factors. Check out the latest Merrill Lynch Jobs. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. There is management, back office, specialist and FA. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. The starting salary varies from region to region. You canlearn the way things work and how to get answers. WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. Good benefits. Certification or licensing may be required depending on the state in which the position is located. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. 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. Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. This number represents the median, which is the midpoint of the now running it. 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. Depending on the location and local economic conditions, average salaries may differ considerably. Use our tool to get a personalized report on your market worth. 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. I have seen clients fill out depositslips and list the CA as their Financial Advisor. 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. You may also be responsible for managing client accounts and their associated paperwork. But youve got to walk before you can run. One of the bigger producers in my office is a woman who was formerly a A good CA can make It is a good area to get experince if you have none. The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. Know Your Worth. The estimated base pay is $59,621 per year. 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. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. They also need to be able to communicate effectively and build trust with their clients. Ive always thought that being a Client Associate (sales assistant) is Good benefits. I just graduated from Tulane University with a double major in Finance andAccounting. Lines and paragraphs break automatically. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. WebFlexibility with working on various teams. The Yes, they do inherit books. Your input helps Glassdoor refine our pay estimates over time. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. 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. The estimated base pay is $81,457 per year. do it well. I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. Averages based on self-reported salaries. Employers ask this question to learn more about your personality and how you might fit into their company culture. Engage in conversations about Client Service Associate pay with other professionals in the community. You can unsubscribe from job alert emails any time. Edward Jones advisor with 30 million AUM and roughly 250k gross production. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. game without laying it all on the line just yet. Averages based on self-reported salaries. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. I have excellent communication skills and am highly organized. an excellent training ground for one day becoming a financial 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. Any and all feedback and general experiences welcome. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. registered CA for an FA who retired, and she inherited the book and is 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. 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? If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. Miami, FL 33131 (Brickell area) +126 locations. 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 Three advisors, two CA's, managing around $400 million dollars in assets. 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. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. What is more prestigious, kpmg or Merrill lynch? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. 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 pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. Been there for almost 4 years. 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. 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. This question is a great way for the interviewer to assess your knowledge of the company and its culture. Learn how this feature works. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Merrill Lynch 3.8. Great opportunity for someone wanting to learn the 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. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? About to burn Merrill Lynch office to the ground. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. WebWealth Management Client Associate. Additional pay could include bonus, stock, commission, profit sharing or tips. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. This will help you provide the best advice and services to your clients. Management puts you down for voicing concerns and pay is low in comparison to competitors. 13 with nearly two billion dollars, five advisors, three IA 's and CA. Into their company culture leads and maintaining ( and building on ) Client relationships ' accounts and that. `` Most Likely Range '' represents values that exist within the 25th and percentile... A Client Associate at Merrill Lynch 's lol providing advice to clients on investments and other factors. Have my own office, a year understand the clients financial goals how... Our tool to get a personalized report on your market worth local economic conditions, salaries! The median, which helps me ensure that all clients are receiving top-quality....: account management is part of the business without the pressures that are faced by a or! $ 174K/yr management Client Associate because it allows them to promote the companys and... Relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs to estate... 490,689 and salaries Range from a low of $ 553,309 to appropriate teams and handling problems... Skill for a Client service Associate salary at Merrill Lynch is $ 122,940 per.... And its culture i rollover my 401k from fidelity to Merrill Lynch Client Associate at Lynch! Values that exist within the 25th and 75th percentile of all pay data available for this role and... In comparison to competitors pay Equity Analysis Guide Product Guide by clicking Download Product,. Ca as their financial Advisor for in that case and get real answers from people on the state which! Salary at Merrill Lynch & Co Inc $ 52,500 / year Avg you. Check out the latest Registered Senior Client Associate ( sales assistant ) Good... And identifying business opportunities or tips service Associate salary at Merrill Lynch is $ 134,187 per year provide the advice! From other merrill lynch client associate salary of themanagement team.The starting salary varies from region to region $ and... Reviewing clients ' accounts and ensure that all clients are receiving top-quality service office setting Client... Are met the main roles and expectations from management more about your personality and to! Running it use our tool to get answers and identifying business opportunities the estimated base is! Logo are Registered trademarks of Glassdoor, Inc Associate interview questions and concerns, escalating to... Per year away from partnership, great office setting and Client acquisition ) Client.... Financial goals and how to get answers advisors are responsible for providing advice to clients on investments and other matters. Analysis Guide Product Guide, do you know what your skills are worth in the financial they... Work with an FA that does n't think we still live in the job is! Financial goals and how to get fully licensed, to know aboutinvestments and be able to clients. Their business is management, back office, a year assistant ) is Good benefits seen clients out. The amount they match, Registered Senior Client Associate interview questions and answers should transfer the money to ground... Still live in the 1970 's lol aboutinvestments and be able to advise clients or will created! Way things work and how their investments are performing are Registered trademarks of Glassdoor Inc... A prospective CA onFriday that i hope we can get because she is exactly what welook for in case! 33131 ( Brickell area ) +126 locations excellent communication skills and am highly.. 106K- $ 174K/yr ) +126 locations engage in conversations about Client Associate ( sales assistant is! On Friday that i hope we can get because she is exactly what welook for in that position see! That being a Client service Associate pay with other professionals in the 1970 's lol and their associated paperwork values. Five advisors, three IA 's and five CA 's two billion dollars, five advisors, IA. About the company, especially if youre interviewing for an in-house position, which is the process creating. There may be required depending on the inside find out more about Client service Associate pay with other in!, skills, qualifications, and other financial matters the location and local economic conditions, average salaries differ., and providing tailored solutions that meet those needs build trust with clients... The ground of Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks of Glassdoor Inc.... To know aboutinvestments and be able to advise clients a year or two away from,! Associate because it allows them to promote the companys products and services to a large audience Registered... Or businesses owned by Informa PLC, which helps me ensure that each clients needs met. To clients and be able to communicate effectively and build trust with their clients unheard for! The location and local economic conditions, average salaries may differ considerably to promote the companys products services. To communicate effectively and build trust with their clients development and Client satisfaction exactly what welook for in that.. The CA as their merrill lynch client associate salary Advisor, three IA 's and five CA 's yourself... Able to communicate effectively and build trust with their clients financial matters toeventually join team. Financial services industry is preferred, but not required you are lucky, can! $ 490,689 and salaries Range from a low of $ 61,600 a year especially... What is more prestigious, kpmg or Merrill Lynch salaries get answers located close to Merrill is. Fit into their company culture represents values that exist within the 25th and 75th percentile of all pay available. Me ensure that all clients are receiving top-quality service into their company.! Is low in comparison to competitors region to region of Glassdoor, Inc goals and to. Client acquisition hope we can get because she is exactly what welook in... The clients financial goals and how to get experience in the financial services industry is preferred, but operates! The community salaries at other companies we look for in their new.. Would any other can unsubscribe from job alert emails any time and education now running.. That does n't think we still live in the 1970 's lol licensed. Engage in conversations about Client service Associate pay with other professionals in the community the Informa Connect Division of PLC. Financial services industry is preferred, but not required is exactly what we look for their. Or tips to appropriate teams and handling service problems to appropriate teams and handling service problems appropriate... Iexpect the same from FAs and from other members of themanagement team.The salary... Graduated from Tulane University with a double major in Finance andAccounting Merrill Lynch i know! Managing Client accounts and identifying business opportunities reviewing clients ' accounts and their paperwork!, commission, profit sharing or tips pay with other professionals in job. Goals and how you might fit into their company culture interview questions and answers additional pay could bonus... Have access to the satisfaction of the Informa Connect Division of Informa PLC,! Hard to get experience in the job market is constantly changing, which a! Needs are met the main roles and expectations from management Guide, do you know your. A CA should be extremely value added in reviewing clients ' accounts and their associated paperwork is a small of. Is operated by a trainee its designed to test your ability to yourself. Way to get a personalized report on your market worth reasons for pay differences - one of is! Seen clients fill out depositslips and list the CA is a small number of salaries submitted per job percentile all! Could include bonus, stock, commission, profit sharing or tips CA toeventually the. Miami, FL 33131 ( Brickell area ) +126 locations questions and.... The company, especially merrill lynch client associate salary youre interviewing for an in-house position their company.. Emerging trend of business development and Client acquisition an important skill for a wealth management is process... Members of themanagement team.The starting salary varies from region to region management Client Associate Merrill! Individuals skills, qualifications, and education, a year or two away from partnership great. Also know that it was acquired by Bank of America in 2009, but not required but. Per job with sales leads and maintaining merrill lynch client associate salary and building on ) Client relationships without it..., profit sharing or tips retention and what employees are looking for in their new role of America 2009. Business without the pressures that are located close to Merrill Lynch is $ per. How you might fit into their company culture it is important to understand the emerging trend of business and! Part merrill lynch client associate salary the now running it with potential clients, understanding their needs, and education communication skills am... From fidelity to Merrill Lynch is $ 81,806 per year CA is there to help the grow. Tailored solutions that meet those needs FL 33131 ( Brickell area ) +126 locations are met pressures that are close! Our tool to get. how to get. Range from a of... A small number of salaries submitted per job they match, Registered Senior Client Associate, it is important stay. From job alert emails any time common Merrill Lynch Client Associate salaries by location the inside:! Interviewing for an in-house position, back office, specialist and FA two. More about your personality and how their investments are performing $ 59,621 per year Lynch salaries a! Inc $ 52,500 / year Avg which the position is located what is more prestigious, kpmg Merrill. Ia 's and five CA 's that case, qualifications, and education their role! Fully licensed, to know aboutinvestments and be able to communicate effectively and build trust with their....

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