over $100k per year. Check out the latest Merrill Lynch Jobs. Talk with management and your FA's and let them know that you don't want to be a CA forever. To be hired as a Client Associate at Merrill Lynch, applicants must have a bachelors degree in finance, accounting, business, or a related field. Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. You canlearn the way things work and how to get answers. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. Base pay is terrible and nearly impossible to negotiate with management. Use our tool to get a personalized report on your market worth. This question is a great way to learn more about the company culture and how your potential manager would describe you. The estimated additional pay is $48,536 per year. This is equal to the company average rating for salary and benefits. 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? The CA is there tohelp the FA grow their business. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Were a little short on data, but you can help. We noticed that your web browser is outdated! [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. One of the bigger producers in my office is a woman who was formerly a 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. 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). This number represents the median, which is the midpoint of Many earning incentives. 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. Member login! Pay could be higher, work load is heavy but always something to keep you busy! 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. 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. Why do people leave their jobs? Averages based on self-reported salaries. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Managing Experience: If you are a Registered Client Service Associate I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. 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. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Yes, they do inherit books. They must also be able to keep up with the latest financial news and trends in order to provide the best advice to their clients. 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 You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. What your skills are worth in the job market is constantly changing. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. 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. 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 total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. WebWe currently have part-time and full-time client associate positions available. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. They also need to be able to communicate effectively and build trust with their clients. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Lots of people that are client associates tend to make it a career for 2-3 decades. 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. Awesome benefits, decent pay and great people! This is an important skill for a client associate because it allows them to promote the companys products and services to a large audience. Maintain quality relationships with clients, remaining available to offer support. Additional pay could include bonus, stock, commission, profit sharing or tips. Overworked because of hiring freeze. Know Your Worth. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. 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. It isn't unheard of for a CA to eventually join the team as an FA. Come to us in your pursuit of success. The do it well. But youve got to walk before you can run. Consider a career move to a new employer that is willing to pay higher for your skills. Know Your Worth. Great health insurance benefits, vacation time, and paid holidays. Merrill Lynch H1B Salary 2021 80 records was found, Median Salary is $131912. Ive always thought that being a Client Associate (sales assistant) is I work in a lowpaying region and a basic, non-registered CA gets little. The starting salary varies from region to region. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. 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. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. You canhone your skills talking with clients and develop your way ofworking. A lot of unnecesary pressures from the BofA side of the business. The estimated additional pay is $52,731 per year. Get a free, personalized salary estimate based on today's job market. We're committed to being your source for expert career guidance. Can anyone tell me a little about this position? Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. Wealth Management is part of the Informa Connect Division of Informa PLC. Additional pay could include bonus, stock, commission, profit sharing or tips. How do I rollover my 401k from fidelity to Merrill lynch? This requires excellent organizational skills and the ability to prioritize tasks. 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. Find out what a Merrill Lynch Client Associate does, how to get this job, and what it takes to succeed as a Merrill Lynch Client Associate. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Develop tightrelationships with clients. 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. About to burn Merrill Lynch office to the ground. Member Directory! I know CA's in small market areas that were making $80K. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. The starting salary varies from region to region. 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 "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. This rating has decreased by -12% in the past 12 months. 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% I interviewed a prospective CA on Friday that I hope we can get because she is exactly what we look for in that position. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. My ability to multitask and communicate effectively with others has helped me succeed in previous roles.. 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. To help speed this along, wed really appreciate it if you would, This category could use your help. 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. I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! The estimated total pay for a Client Service Associate at Merrill Lynch is $82,146 per year. This number represents the median, which is the midpoint of the ranges They all happen to start with the letter P. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Lines and paragraphs break automatically. My attention to detail is impeccable, which helps me ensure that all clients are receiving top-quality service. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . Additionally, applicants must be able to pass a background check and drug test. 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. Financial advisors are responsible for providing advice to clients on investments and other financial matters. 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