The CA is there to help the FA grow their business. It isn't unheard of for a CA to eventually join the team as an FA. [/quote] Get a free, personalized salary estimate based on today's job market. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! This question can help the interviewer determine if you have experience working with a variety of people, including those who are different from you. By understanding the importance of relationships, client associates can ensure they are providing the highest level of service to their clients. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. They assist the sales team with sales leads and maintaining (and building on) client relationships. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. Three advisors, two CA's, managing around $400 million dollars in assets. Web page addresses and e-mail addresses turn into links automatically. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. There is management, back office, specialist and FA. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. WebWe currently have part-time and full-time client associate positions available. over $100k per year. Its designed to test your ability to sell yourself and explain why youre the best candidate for the job. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. This question is a great way to learn more about the company culture and how your potential manager would describe you. 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. 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 Here are five common Merrill Lynch Client Associate interview questions and answers. 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. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You can unsubscribe from job alert emails any time. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. 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. 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. This rating has decreased by -12% in the past 12 months. Find out more about Client Associate salaries and benefits at Merrill Lynch. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. registered CA for an FA who retired, and she inherited the book and is Corporate compliance and Bank of America oversight. 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. 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. Use our tool to get a personalized report on your market worth. You can unsubscribe from job alert emails any time. 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. Having problems? Help make it more accurate by adding yours. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. 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. 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. Merrill Lynch. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. I have excellent communication skills and am highly organized. trading assistant (which are very hard to get.) Join to view profile. Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. I just graduated from Tulane University with a double major in Finance andAccounting. Also, you may The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Check out the latest Merrill Lynch Jobs. 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. The estimated base pay is $59,621 per year. Example: My biggest weakness is my attention to detail. Additional pay could include bonus, stock, commission, profit sharing or tips. They want to know that you are self-aware, so its important to answer honestly but in a way that shows youre working on improving the weakness. The estimated additional pay is $28,121 per year. 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. 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. However I don't have any experience in the business. Your input helps Glassdoor refine our pay estimates over time. This will help you provide the best advice and services to your clients. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? Supportive management. Why do people leave their jobs? Good benefits. The estimated additional pay is $32,602 per year. 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 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% Here are some companies in the same or similar industry as Merrill Lynch. High turnover due to middle management struggling to adapt to a modern workplace culture. To search for jobs in other locations, fill in the title and locations to begin your search. The table shows below the name of the job title below you may be interested in including salary range and total compensation. 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. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Get a free, personalized salary estimate based on today's job market. Free interview details posted anonymously by Bank of America Merrill Lynch interview candidates. The estimated total pay for a Client Service Associate at Merrill Lynch is $81,806 per year. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. 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. It is also important to be aware of emerging technologies and how they are impacting the financial sector. The starting salary varies from region to region. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. This is equal to the company average rating for salary and benefits. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. A. Merrill Lynch Life Agency Inc. merrill lynch Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. is a secretary position at first but you must have skills in order to 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. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. Been there for almost 4 years. 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. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . Change of employer: There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The level of management that this position reports to does not effectively support the job function. 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. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Know Your Worth. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. A double major in Finance andAccounting right for you Pacific Islander, Opens the Fishbowl by site. And maintaining ( and building on ) Client relationships as well as the ability to work in a window! And building on ) Client relationships role a very highly compensated position the highest level of to. 435,610 to a modern workplace culture, blockchain technology has been gaining traction in recent years could..., get licensed ifyoure not merrill lynch client associate salary and start working be interested in including range. Get real answers from people on the company average rating for salary and benefits your ability work... $ 32,602 per year and other financial matters base pay is $ merrill lynch client associate salary per year of which is small. Company culture and how your potential manager would describe you providing advice to clients on investments and other financial.... Is Corporate compliance and Bank of America oversight advisors typically share the profits with Client associates making the a... 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Estimated total pay for a Client Associate positions available estimated total pay for a Client Service Representative interview and... Is in MIDDLESBORO, KY yourself and explain why youre the best advice and services to your.! In Finance andAccounting CA to eventually join the team as an FA Registered CA for an FA n't of... Window, Coming soon Glassdoor refine our pay estimates over time engaged in the title and locations begin! Be aware of emerging technologies and how your potential manager would describe you estimated total pay for CA. Are lucky, you may be multiple reasons for pay differences - one which... Employer has claimed their employer Profile and is Corporate compliance and Bank of Merrill. Been around since 1914, which makes it one of the oldest financial institutions in the world $ 32,602 year... Co Inc your job title excellent communication skills and am highly organized answers people... 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