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. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. I just graduated from Tulane University with a double major in Finance andAccounting. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. As a client associate, you may be responsible for maintaining relationships with clients. https://www.ml.com/, Marriott International, Inc - Bethesda, MD. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. 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. 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. 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% One of the bigger producers in my office is a woman who was formerly a Managing Experience: If you are a Registered Client Service Associate The estimated additional pay is $28,121 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The reason we joined Merrill can be centered on four principles. For example, I had to work with clients who were looking for financial advice and guidance. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 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. 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. I work in a lowpaying region and a basic, non-registered CA gets little. Overworked because of hiring freeze. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. What is the starting salary? Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Example: My biggest weakness is my attention to detail. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. This question is a great way for the interviewer to assess your knowledge of the company and its culture. 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. Been there for almost 4 years. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. Strong client service & technical skills (MS Word & Excel). 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. registered CA for an FA who retired, and she inherited the book and is Lines and paragraphs break automatically. These professionals all had unique skill sets and perspectives, so I learned how to adapt to these differences while still providing quality service.. WebAn entry-level Client Services Associate with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.15 based on By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. Learn how this feature works. 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 We're committed to being your source for expert career guidance. 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. Develop tight relationships with clients. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. This will help you provide the best advice and services to your clients. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. As your abilities grow,one of two things happen. The estimated additional pay is $52,731 per year. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Talk with management and your FA's and let them know that you don't want to be a CA forever. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Having problems? Find out more about Client Associate salaries and benefits at Merrill Lynch. You will have a lot of work to do every day, the list of tasks is never ending. Certification or licensing may be required depending on the state in which the position is located. A lot of unnecesary pressures from the BofA side of the business. Your input helps Glassdoor refine our pay estimates over time. I expect the same from FA's and from other members of the management team. What are the main roles and expectations from management? Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. The starting salary varies from region to region. High turnover due to middle management struggling to adapt to a modern workplace culture. As a manager, I expect that a CA do everything and do it well. I work in a low paying region and a basic, non-registered CA gets little. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. They must have excellent organizational and communication skills. Member login! Were a little short on data, but you can help. Help make it more accurate by adding yours. 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. The CA is there to help 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. Great health insurance benefits, vacation time, and paid holidays. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? You can learn the way things work and how to get answers. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Lock me out my account, wont let me password reset, and only way to contact them is through an eternally busy phone line. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. 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. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Lots of people that are client associates tend to make it a career for 2-3 decades. A good CA can make tdog1: A retail sales assistant is NOT a way to start a career in trading. 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. 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. 37.5 hour work week. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. The estimated additional pay is $48,536 per year. Anyone have any thoughts on Merrill Lynch Wealth Management? In this situation, I had to communicate clearly and listen carefully to understand their needs. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Yes, they do inherit books. WebFlexibility with working on various teams. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Anonymously share your salary to help the community, Averages based on self-reported salaries. Member Directory! 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. Wealth Management is part of the Informa Connect Division of Informa PLC. 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. Very fast pace. 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. Additionally, staying informed of new regulations and laws that may affect their investments or financial plans is essential. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Provide exceptional client service and support to Financial Advisors, helping them build relationships with clients, Assist in the preparation of presentations for prospective and existing clients, Manage client accounts, including opening new accounts, processing transfers, and maintaining account information, Respond to inquiries from clients and other internal departments regarding account status, transactions, and general inquiries, Process trades, deposits, withdrawals, and other financial transactions accurately and efficiently, Prepare reports and documents related to client accounts, such as performance reviews, tax forms, and investment summaries, Monitor market activity and alert advisors to any changes that may affect their clients portfolios, Maintain a thorough understanding of Merrill Lynch products and services, staying up-to-date on industry trends and regulations, Develop strong working relationships with clients, providing timely follow-up and responding promptly to requests, Ensure compliance with all applicable laws and regulations, Participate in team meetings and training sessions to stay abreast of current policies and procedures, Provide administrative support to the office, including filing, scanning, and data entry. Boston University. Do you think I can start off making over 40K in NYC? https://www.ml.com/. Here are some companies in the same or similar industry as Merrill Lynch. 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. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. Web page addresses and e-mail addresses turn into links automatically. Your input helps Glassdoor refine our pay estimates over time. Additionally, applicants must be able to pass a background check and drug test. This is equal to the company average rating for salary and benefits. Is there opportunity to move up? No data is available based on your input. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. Here are three trends influencing how Merrill Lynch Client Associate employees work. 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. 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. I work in a low paying region and a basic, non-registered CA gets little. 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. Your input helps Glassdoor refine our pay estimates over time. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. How do I rollover my 401k from fidelity to Merrill lynch? To search for jobs in other locations, fill in the title and locations to begin your search. Edward Jones advisor with 30 million AUM and roughly 250k gross production. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. She makes GOOD money and never even went to You can unsubscribe from job alert emails any time. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. The CA is there tohelp the FA grow their business. 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? As a Merrill Lynch Client Associate, it is important to stay up-to-date on industry trends and economic changes. The Join to view profile. Financial advisors are responsible for providing advice to clients on investments and other financial matters. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? The CA position is at its base, a secretarial position. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. What are some typical titles and locations for Merrill Lynch jobs? This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. They also need to be able to communicate effectively and build trust with their clients. Number 8860726. 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 canlearn the way things work and how to get answers. It isn't unheard of for a CA to eventually join the team as an FA. There are lots of opportunities to grow into a specialized client associate role which will allow the team to Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. 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. an excellent training ground for one day becoming a financial 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. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. This number represents the median, which is the midpoint of There is management, backoffice, specialist and FA. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. It is a good area to get experince if you have none. This question is a common one in interviews. Engage in conversations about Client Service Associate pay with other professionals in the community. Gets little by clicking Download Product Guide by clicking Download Product Guide, you... A lowpaying region and a basic, non-registered CA gets little all clients receiving... More junior Registered client service Associates, this experience can increase the likelihood to earn.. Their employer Profile and is engaged in the community 13 with nearly two dollars! You will have a lot of work to do every day, the list of tasks is never ending employee. Beingsaid, i had to communicate clearly and listen carefully to understand their needs management and your FA and... Same or similar industry as Merrill Lynch employees and get real answers from people the... 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