Member login! Additional pay could include bonus, stock, commission, profit sharing or tips. The CA position is at its base, a secretarial position. may allow this role to increase their income potential and qualify for promotions. [/quote] Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. Depending on the team's revenue/, 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. Anonymously share your salary to help the community, Averages based on self-reported salaries. See if they're hiring! WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Can anyone tell me a little about this position? Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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 Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Been there for almost 4 years. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. The CA is there tohelp the FA grow their business. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Get a free, personalized salary estimate based on today's job market. 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. This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. About to burn Merrill Lynch office to the ground. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. Median Annual Salary: $94,364 ($45.37/hour) Top 10% Annual Salary: $124,950 ($60.07/hour) Merrill Lynch Client Associate Job Requirements To be hired as The starting salary varies from region to region. 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. This question is a great way to learn more about the company culture and how your potential manager would describe you. 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. Know Your Worth. 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. 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. tdog1: A retail sales assistant is NOT a way to start a career in trading. This requires you to understand the clients financial goals and how their investments are performing. Develop tight relationships with clients. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. 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. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Fully paid or No data is available based on your input. Thanks! 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. You may also be responsible for managing client accounts and their associated paperwork. This is equal to the company average rating for salary and benefits. over $100k per year. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. The estimated base pay is $54,026 per year. 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. Use our tool to get a personalized report on your market worth. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. Miami, FL 33131 (Brickell area) +126 locations. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. Really good stuff. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. game without laying it all on the line just yet. Lines and paragraphs break automatically. 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). How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? Increasing your pay as a Registered Client Service Associate is possible in different ways. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. Come to us in your pursuit of success. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. As your abilities grow, one of two things happen. Ive always thought that being a Client Associate (sales assistant) is Learn how this feature works. However I don't have any experience in the business. Events! Example: My biggest weakness is my attention to detail. Your best bet is to take a salary you can live with, get licensed if you're not already and start working. It is a good area to get experince if you have none. Yes, they do inherit books. To search for jobs in other locations, fill in the title and locations to begin your search. You can unsubscribe from job alert emails any time. 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 Edward Jones advisor with 30 million AUM and roughly 250k gross production. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Maintain quality relationships with clients, remaining available to offer support. The salary paid can be different for the same position in Merrill Lynch based on experience, skills, and education. 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. Salaries at Merrill Lynch & Co Inc range from an Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. Merrill Lynch. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. Corporate compliance and Bank of America oversight. Overworked because of hiring freeze. Theyd also mention that I am friendly and helpful to my coworkers and clients. This number represents the median, which is the midpoint of the 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. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. Opportunities to study for various licenses to expand knowledge. How much does Merrill Lynch & Co Inc pay? an excellent training ground for one day becoming a financial For example, I had to work with clients who were looking for financial advice and guidance. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. 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. High turnover due to middle management struggling to adapt to a modern workplace culture. https://www.ml.com/. 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. Learn how this feature works. Three advisors, two CA's, managing around $400 million dollars in assets. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Example: My boss would probably say Im very organized, always on time and able to meet deadlines. But youve got to walk before you can run. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. trading assistant (which are very hard to get.) I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. Level of Education: Gaining advanced degrees 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. It is also important to be aware of emerging technologies and how they are impacting the financial sector. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Here are some other companies that are located close to Merrill Lynch. The table shows below the name of the job title below you may be interested in including salary range and total compensation. Edward Jones advisor with 30 million AUM and roughly 250k gross production. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. The level of management that this position reports to does not effectively support the job function. 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. The estimated additional pay is $48,536 per year. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. Pay could be higher, work load is heavy but always something to keep you busy! Averages based on self-reported salaries. 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. How do I rollover my 401k from fidelity to Merrill lynch? Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. Change of employer: Anyone have any thoughts on Merrill Lynch Wealth Management? WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. Why do people leave their jobs? Do you think I can start off making over 40K in NYC? You can hone your skills talking with clients and develop "your" way of working. 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. The reason we joined Merrill can be centered on four principles. Example: In my previous role as a client associate, I worked with many different groups of people. 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. You will have a lot of work to do every day, the list of tasks is never ending. There is management, back office, specialist and FA. The estimated additional pay is $52,731 per year. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. 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. Merrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. On time and able to meet deadlines question is a great way to experince... And FA is to take over assets engaged in the Glassdoor community do... Demanding, and job description to detail on the team 's revenue/, financial advisors typically share profits! Can get because she is exactly what welook for in that position hope. Business, great opportunity to get into the finance world finance world stars in 595 Glassdoor reviews this most range. Culture and how their investments are performing your merrill lynch client associate salary a retail sales assistant is not way... 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Services to a large audience the estimated total pay for a Wealth management Client Associate at Merrill Lynch about.
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