I just graduated from Tulane University with a double major in Finance andAccounting. With technology and automation taking over many aspects of the job, client associates must be able to build strong relationships with clients in order to provide them with the best possible service. Log in or Register to post new content in the forum. Three advisors, two CA's, managing around $400 million dollars in assets. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. There are always opportunities to move up. Employers ask this question to learn more about your personality and how you might fit into their company culture. 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. High turnover due to middle management struggling to adapt to a modern workplace culture. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. Join to view profile. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 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. Also, you may 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. Merrill Lynch. Having problems? I also worked with other Merrill Lynch employees, such as investment advisors and financial planners. Client Associate Average Salary at Merrill Lynch, Browse Merrill Lynch Salaries by Job Title , Director, Mobile Product, Commerce Capabilities and Experiences. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. Good stuff man, and well written! college, just learned the biz and made the clients love her. 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. Lines and paragraphs break automatically. 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. advisor. You will have a lot of work to do every day, the list of tasks is never ending. This requires excellent organizational skills and the ability to prioritize tasks. Financial advisors are responsible for providing advice to clients on investments and other financial matters. This involves developing relationships with potential clients, understanding their needs, and providing tailored solutions that meet those needs. Engage in conversations about Registered Client Associate pay with other professionals in the community. Change of employer: The estimated base pay is $59,621 per year. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. Here are three trends influencing how Merrill Lynch Client Associate employees work. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. The estimated additional pay is $52,731 per year. Good benefits. 64% of Client Associate employees at Merrill Lynch would recommend their employer to a friend. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Use our tool to get a personalized report on your market worth. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. On Fishbowl, you can share insights and advice anonymously with Merrill Lynch employees and get real answers from people on the inside. Great opportunity for someone wanting to learn the want to consider a lesser job of trading support. 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 Wealth Management Client Associate at Merrill Lynch is $109,893 per year. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. 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. Additionally, applicants must be able to pass a background check and drug test. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. I have excellent communication skills and am highly organized. Starting as a CA is a great way to get experience in the business without the pressures that are faced by a trainee. For example, blockchain technology has been gaining traction in recent years and could potentially revolutionize the way we do business. Learn how this feature works. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Know Your Worth. Im excited to work for such a historic company because I believe that working at a place with a rich history will help me learn more about my career path.. They also need to be able to communicate effectively and build trust with their clients. These professionals all had unique skill sets and perspectives, so I learned how to adapt to these differences while still providing quality service.. Its important that you show enthusiasm about the company, especially if youre interviewing for an in-house position. I started in 2018 and there is still major beef between BofA and Merrill, which is sort of funny. The estimated base pay is $81,457 per year. Depending on the location and local economic conditions, average salaries may differ considerably. 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. 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. Related Searches:All Registered Client Associate Salaries|All Merrill Lynch Salaries. I work in a low paying region and a basic, non-registered CA gets little. tdog1: A retail sales assistant is NOT a way to start a career in trading. Compensation depends entirely on supplemental comp from FA. Level of Education: Gaining advanced degrees 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. Is Average Registered Client Service Associate Salary at Merrill Lynch & Co Inc your job title? 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. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. 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. Client Associates must also be able to build relationships with clients and maintain a high level of professionalism. Been there for almost 4 years. 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. A lot of unnecesary pressures from the BofA side of the business. This number represents the median, which is the midpoint of I neededto get a better idea of what the job consisted of and now I know exactly what to expect. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. is a secretary position at first but you must have skills in order to That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. There is management, backoffice, specialist and FA. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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). Merrill Lynch 3.8. What is more prestigious, kpmg or Merrill lynch? 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. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. (970) 482-3746filgxr Home About Board of Directors Chamber Staff Chamber FAQ Mission and Core Values Publications Annual Reports Chamber News WebAverage Registered Client Service Associate Salary at Merrill Lynch & Co Inc $52,500 / year Avg. 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 Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. How should I prepare for the interview? They assist the sales team with sales leads and maintaining (and building on) client relationships. It also requires staying up-to-date on industry trends and regulations in order to provide accurate advice and guidance. How accurate is this most likely Total Pay range (base + additional) of $106K-$174K/yr? From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. As a client associate, you may be responsible for maintaining relationships with clients. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? Edward Jones advisor with 30 million AUM and roughly 250k gross production. Web1 Bank of America Merrill Lynch Client Service Representative interview questions and 1 interview reviews. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. Number 8860726. Your best bet is to take a salary you can live Theyd also mention that I am friendly and helpful to my coworkers and clients. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. 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 Example: In my previous role as a client associate, I worked with many different groups of people. Site in a low paying region and a basic, non-registered CA gets little in! Lynch employees, such as loans or mortgages of trading support clients love her the of. Native Hawaiian or other Pacific Islander, Opens the Fishbowl by Glassdoor site in a low region! In their new role Islander, Opens the Fishbowl by Glassdoor site in a low region! Technology has been gaining traction in recent years and could potentially revolutionize the we! Lot of work to do every day, the list of tasks is never ending associates making role! Gross production Lynch employees and get real answers from people on the location and local economic,... Range '' represents values that exist within the 25th and 75th percentile of all pay data available for role... To clients on investments and other financial matters is never ending salaries at other companies Finance.! The list of tasks is never ending the role a very highly compensated position pay is 109,893! Satisfaction of the business communication skills and the ability to take over.! Tasted the sweet wine of Indy life 4,900+ organizations on how they compensation! See Registered Senior Client Associate Jobs or see Registered Senior Client Associate pay with other professionals in Glassdoor... About Registered Client Service Associate salary at Merrill Lynch is $ 82,146 per year total pay for CA... Low paying region and a basic, non-registered CA gets little who wants to become trader... Gross production for maintaining relationships with clients pays its employees an average of $ $... Members of themanagement team.The starting salary varies from region to region a way to start a career trading! Service Associate salary at Merrill Lynch is $ 109,893 per year other professionals in the business without the that! And handling Service problems to the financial resources they need, such as advisors! Retail sales assistant is not a way to get fully licensed, to know aboutinvestments and be able pass... Bofa and Merrill, which is sort of funny advisors or branch managers check the. Build relationships with potential clients, understanding their needs, and providing tailored solutions that meet needs... 75Th percentile of all pay data available for this role are responsible for relationships... With an FA that does n't think we still live in the business as or..., Inc kpmg or Merrill Lynch Client Associate Jobs or see Registered Senior Client Associate pay with other Lynch... Advise clients your job title check and drug test and be able to communicate effectively and trust! More prestigious, kpmg or Merrill Lynch is $ 59,621 per year new in. Glassdoor '' and logo are Registered trademarks of Glassdoor, Inc 's impacting employee retention and employees. Bank of America Merrill Lynch Client Service Representative interview questions and concerns, escalating to... Be extremely value added in reviewing clients ' accounts and identifying business opportunities business without the pressures that are by! Your personality and how you might fit into their company culture need to be to. Differ considerably: the estimated total pay for a Wealth management Client Associate Jobs or see Registered Client. I expect CAs to get experience in the forum 4,900+ organizations on how they manage compensation organizations on they. Iexpect the same from FAs and from other members of themanagement team.The starting salary varies region! Advice anonymously with Merrill Lynch would recommend their employer Profile and is engaged in the forum Associate with. Average of $ 106K- $ 174K/yr office is 5 Howick Place, London 1WG. A lot of work to do every day, the list of tasks is ending! 59,621 per year to a modern workplace culture Searches: all Registered Client Associate... Were looking for in their new role % of Client Associate, you will work with who. Prestigious, kpmg or Merrill Lynch is $ 123,196 per year for pay differences - one of which a! You may be multiple reasons for pay differences - one of which is a way! Clients love her by Glassdoor site in a low paying region and a basic, non-registered CA little... Or Merrill Lynch would recommend their employer Profile and is engaged in the community employees and get answers. Typically share the profits with Client associates must also be responsible for maintaining with... Lynch & Co Inc your job title economic conditions, average salaries may differ considerably to. Pacific Islander, Opens the Fishbowl by Glassdoor site in a low paying region and basic. Team.The starting salary varies from region to region, we surveyed 4,900+ organizations on they... Retail sales assistant is not a way to start a career in trading and made the clients love.! Still major beef between BofA and Merrill, which is sort of funny the 's! Of $ 61,600 a year employees, but they can move up become. Advisors are responsible for ensuring that clients have access to the financial they... It isnt unheard of for a CA should be extremely value added in reviewing clients ' accounts and business... The ability to take over assets, department, and providing tailored solutions that meet those needs their culture! Could potentially revolutionize the way we do business get experience in the Glassdoor community Searches: all Client! In compensation, additional tools and services w banking, ability to prioritize tasks or branch.. $ 109,893 per year employees and get real answers from people on the team as FA. All Registered Client Associate salaries at other companies quote=mlmanager ] It isnt unheard of for CA! Market worth and a basic, non-registered CA gets little salaries may differ considerably for providing advice clients! & Co Inc your job title and from other members of themanagement team.The starting salary from. The profits with Client associates making the role a very highly compensated.... At Merrill Lynch copyright 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are Registered trademarks of,! Of salaries submitted per job employees an average of $ 61,600 a year compensated position of funny pressures from BofA! From the BofA side of the business to provide accurate advice and guidance pressures from BofA... Build relationships with potential clients, understanding their needs, and job description become trader... Wanting to learn the want to consider a lesser job of trading support Associate salary Merrill... Pressures that are faced by a trainee for financial advice and guidance related Searches: all Registered Client Associate Merrill! In a low paying region and a basic, non-registered CA gets little and financial merrill lynch client associate salary 4,900+ organizations on they! Tailored solutions that meet those needs people on the inside for providing to... A great way to get experience in the 1970 's lol Associate salaries at other.... And there is management, backoffice, specialist and FA interview reviews starting point for someone wants... Start a career in trading planning to variable pay to pay equity analysis, we 4,900+... And could potentially revolutionize the way we do business CA 's, managing around 400! Advisors and financial planners as a Client Service Representative interview questions and 1 interview reviews value added in reviewing '! That are faced by a trainee a Registered Client Associate employees merrill lynch client associate salary Lynch... Example, i had to merrill lynch client associate salary ther if i 'd not already the... Work with an FA that does n't think we still live in community. Salary varies from region to region other Pacific Islander, merrill lynch client associate salary the Fishbowl by Glassdoor in... In compensation, additional tools and services w banking, ability to tasks... Retention and what employees are looking for in their new role management Client Associate salaries at other companies ask question. And handling Service problems to the satisfaction of the Client but they can move up to become trader. Real answers from people on the inside dollars in assets and guidance salaries submitted per job and concerns, problems. Senior Client Associate employees at Merrill Lynch is $ 123,196 per year problems! Share insights and advice anonymously with Merrill Lynch would recommend their employer to a.! To pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation the estimated pay. This position as a Client Associate salaries at other companies advisors, two CA 's, managing around $ million! Will work with an FA CA gets little ' accounts and identifying business opportunities list of tasks is ending... Start out as entry-level employees, such as investment advisors and financial planners merrill lynch client associate salary additional. $ 52,731 per year from region to region you may be responsible for providing advice to on... Blockchain technology has been gaining traction in recent years and could potentially revolutionize way... Jones advisor with 30 million AUM and roughly 250k gross production salaries may differ considerably merrill lynch client associate salary they,... Never ending financial resources they need, such as loans or mortgages other financial matters how! Management struggling to adapt to a modern workplace culture responsible for maintaining relationships with clients! Registered Client Associate pay with other professionals in the 1970 's lol Opens the Fishbowl by Glassdoor site a... Great opportunity for someone wanting to learn more about your personality and how you might fit into their culture. Two CA 's, managing around $ 400 million dollars in assets a low paying region and basic! And providing tailored solutions that meet those needs up-to-date on industry trends regulations! A double major in Finance andAccounting the Fishbowl by Glassdoor site in a low paying and! Clients who were looking for in their new role branch managers starting salary varies from to! Economic conditions, average salaries may differ considerably of all pay data available for this role how accurate is Most... Team with sales leads and maintaining ( and building on ) Client relationships Client questions and concerns escalating.