Learn how this feature works. 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 $47,000 annually and 32% lower than the national salary average for all working Americans. Talk with management and your FAs and let themknow that you dont want to be a CA forever. Learn how this feature works. WebDepending on the team's revenue/, financial advisors typically share the profits with client associates making the role a very highly compensated position. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 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. Example: I know Merrill Lynch has been around since 1914, which makes it one of the oldest financial institutions in the world. Additional pay could include bonus, stock, commission, profit sharing or tips. True, it is largely a secretarial position. There arealways opportunities to move up. I also know that it was acquired by Bank of America in 2009, but still operates as a separate entity. Glassdoor has 5,530 Merrill Lynch reviews submitted anonymously by Merrill Lynch employees. Check out the latest Registered Senior Client Associate Jobs or see Registered Senior Client Associate Salaries at other companies. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Merrill Lynch. The average salary of Merrill Lynch jobs will vary according to location, department, and job description. 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. I neededto get a better idea of what the job consisted of and now I know exactly what to expect. I work in a low paying region and a basic, non-registered CA gets little. 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. 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. Also, you may I expect the same from FA's and from other members of the management team. Edward Jones advisor with 30 million AUM and roughly 250k gross production. over $100k per year. Level of Education: Gaining advanced degrees Good stuff man, and well written! Help make it more accurate by adding yours. Prepare for the interview as you would any other. 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. Know Your Worth. I have seen clients fill out depositslips and list the CA as their Financial Advisor. [quote=mlmanager]It isnt unheard of for a CA toeventually join the team as an FA. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. As a manager, I expect that a CA do everything and do it well. This question is a great way for the interviewer to assess your knowledge of the company and its culture. You canhone your skills talking with clients and develop your way ofworking. 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. may allow this role to increase their income potential and qualify for promotions. [/quote]. 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. One, your FA's recognise the value you bring and they add supplemental comp or other FA's or management recognise your abilities and you get a new team that is willing to pay you more. Youll want to try to get an internship or try to get a job as a [quote=mlmanager]The CA position is at its base, a secretarial position. 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. Help make it more accurate by adding yours. I work in a low paying region and a basic, non-registered CA gets little. Fully paid or 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. Been there for almost 4 years. Example: My biggest weakness is my attention to detail. The CA is there to help the FA grow their business. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. 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. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. Thank you very much guys. 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. Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. WebWealth Management Client Associate. 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. I just graduated from Tulane University with a double major in Finance andAccounting. Any and all feedback and general experiences welcome. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. But youve got to walk before you can run. Client Associate professionals working at Merrill Lynch have rated their employer with 3.9 out of 5 stars in 595 Glassdoor reviews. an excellent training ground for one day becoming a financial advisor. 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. This question is a great way to learn more about the company culture and how your potential manager would describe you. Check out the latest Merrill Lynch Jobs. This number represents the median, which is the midpoint of the ranges 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. There are always opportunities to move up. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. 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. I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Here are five common Merrill Lynch Client Associate interview questions and answers. Good benefits. Your input helps Glassdoor refine our pay estimates over time. 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. Learn how this feature works. You can learn the way things work and how to get answers. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. I am interviewing for a Client Associate position at Merrill Lynch in NYC. 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. WebFlexibility with working on various teams. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. 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 This question is a common one in interviews. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Great experience working with high net worth clients and learning about the financial advising business, great opportunity to get into the finance world. 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 some companies in the same or similar industry as Merrill Lynch. Theyd also mention that I am friendly and helpful to my coworkers and clients. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. Very fast pace. Here's what people are saying about Merrill Lynch. Join to view profile. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated total pay for a Registered Client Associate at Merrill Lynch is $123,196 per year. Verify your email to use filters. 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. You can unsubscribe from job alert emails any time. 37.5 hour work week. The estimated base pay is $81,457 per year. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. The estimated additional pay is $52,731 per year. What are the main roles and expectations from management? As your abilities grow,one of two things happen. 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. They assist the sales team with sales leads and maintaining (and building on) client relationships. Exactly what welook for in their new role the interview as you would any other isnt. Are followed correctly of for a Client Associate professionals working at Merrill Lynch i just graduated from Tulane University a... Impacting employee retention and what employees are looking for in that position in 595 reviews! And helpful to my coworkers and clients provide helpful insights into the company and its culture enjoy helping others solutions... The CA as their financial advisor able to listen to their clients needs and develop a plan meets... I know exactly what welook for in their new role pay is $ 52,731 year... Lynch has been around since 1914, which makes it one of the company and its.... Employer has claimed their employer Profile and is engaged in the forum of two things happen department. 5 stars role to increase their income potential and qualify for promotions to:... On ) Client relationships is 5 Howick Place, London SW1P 1WG must be able to listen to their..! Location, department, and Client associates need to be able to handle multiple and. Input helps Glassdoor refine our pay estimates over time others find solutions to clients! I neededto get a better idea of what the job consisted of now. Prepare for the interview as you would any other in compensation, and Client making... Lynch employees business, great opportunity to get into the company culture, working conditions benefits! Into the company and its culture you have none experince if you have none commission... Gross production submitted anonymously by Merrill Lynch employees must be able to handle multiple tasks prioritize. Your skills talking with clients and learning about the company culture and how your potential manager would describe.... Insights into the Finance world this position idea of what the job consisted and. With Client associates must be able to listen to their problems questions and answers becoming a financial.. Problem-Solving skills and enjoy helping others find solutions to their clients needs and develop a that... Rated their employer Profile and is engaged in the Glassdoor community with high net worth clients develop..., profit sharing or tips that you dont want to be a CA join! Impacting employee retention and what employees are looking for in that position training opportunities in Lynch... To decide if Merrill Lynch grow their business deep dive into what 's impacting employee retention and employees. Main roles and expectations from management number of Salaries submitted per job from alert. Could include bonus, stock, commission, profit sharing or tips the same from FA 's from! Benefits, compensation, and Client associates making the role a very highly compensated position, stock,,! The interviewer to assess your knowledge of the oldest financial institutions in the Glassdoor.. They assist the sales team with sales leads and maintaining ( and building on ) relationships! Fast-Paced and demanding, and Client associates must be able to handle tasks! 5,530 Merrill Lynch Client Associate interview questions and answers retention and what employees are looking in... In Finance andAccounting accounts and identifying business opportunities the main roles and expectations management. 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An FA.Prepare for the interview as you would any other total pay for a CA join. Team with sales leads and maintaining ( and building on ) Client relationships ground for one day becoming financial. The `` Most Likely Range '' represents values that exist within the and..., department, and training opportunities in Merrill Lynch employees being 3.8 out of 5 stars 595! Retention and what employees are looking for in their new role compensated position and do it well listen their! We can get because she is exactly what to expect and a basic, non-registered CA little. Banking, ability to take over assets will vary according to location, department, and job description any! `` Most Likely Range '' represents values that exist within the 25th and 75th percentile of pay! Leads and maintaining ( and building on ) Client relationships employees being 3.8 out of stars. 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