They assist the sales team with sales leads and maintaining (and building on) client relationships. Geez-this is the most impressive post I've seen about Merrill of all. It isn't unheard of for a CA to eventually join the team as an FA. 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. This requires you to understand the clients financial goals and how their investments are performing. Certification or licensing may be required depending on the state in which the position is located. do it well. Develop tightrelationships with clients. Get a free, personalized salary estimate based on today's job market. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Managing Experience: If you are a Registered Client Service Associate We noticed that your web browser is outdated! WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. 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). Youll want to try to get an internship or try to get a job as a Previous experience in the financial services industry is preferred, but not required. 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. That being said, I expect CA's to get fully licensed, to know about investments and be able to advise clients. Merrill Lynch Client Associate employees need the following skills in order to be successful: Financial Analysis: Financial analysis is the ability to interpret financial data and make informed decisions based on the data. We're committed to being your source for expert career guidance. High turnover due to middle management struggling to adapt to a modern workplace culture. Merrill Lynch & Co Inc pays its employees an average of $61,600 a year. Thank you very much guys. There is management, back office, specialist and FA. They also need to be able to communicate effectively and build trust with their clients. Also, you may A Client Associate at Merrill Lynch is responsible for providing exceptional customer service to clients. Some related job titles areClient Associate salaries with median pay of $63,784,Registered Client Associate salaries with median pay of $99,848,Registered Client Service Associate salaries with median pay of $74,218,Client Service Representative salaries with median pay of $41,360. If you are lucky, you will work with an FA that doesn't think we still live in the 1970's lol. 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. I have seen clients fill out deposit slips and list the CA as their Financial Advisor. Yes, they do inherit books. Know Your Worth. I work in a low paying region and a basic, non-registered CA gets little. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Engage in conversations about Registered Client Associate pay with other professionals in the community. Edward Jones advisor with 30 million AUM and roughly 250k gross production. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. Merrill Lynch Engaged Employer Overview 5.5K Reviews 2 Jobs 8.2K Salaries 1.2K Interviews 1.2K Benefits 25 Photos 1.1K Diversity + Add a Review Merrill Lynch Client The estimated additional pay is $28,121 per year. 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. Employers ask this question to learn more about your personality and how you might fit into their company culture. Social Media Marketing: Social media marketing is the process of creating and distributing content on social media platforms. Client associates need to be able to listen to their clients needs and develop a plan that meets those needs. 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. A CA should be extremely value added in reviewing clients' accounts and identifying business opportunities. The CA position is at its base, a secretarial position. I work in a lowpaying region and a basic, non-registered CA gets little. This is a higher than average score with the overall rating of Merrill Lynch employees being 3.8 out of 5 stars. Engage in conversations about Registered Senior Client Associate pay with other professionals in the community. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, Wells Fargo Advisors Financial Network, LLC, Project Manager, (Unspecified Type / General). 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. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Base pay is terrible and nearly impossible to negotiate with management. As your abilities grow, one of two things happen. The average salary for a Registered Senior Client Associate is $69,121 per year in United States, which is 48% lower than the average Merrill Lynch salary of $134,187 per year for this job. The CA is there to help the FA grow their business. is a secretary position at first but you must have skills in order to Is this a good entry-level position for someone who wants to do trading? WebWe currently have part-time and full-time client associate positions available. One of the bigger producers in my office is a woman who was formerly a Example: My biggest weakness is my attention to detail. Use our tool to get a personalized report on your market worth. As a client associate, you may be responsible for maintaining relationships with clients. 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. Related Searches:All Client Associate Salaries|All Merrill Lynch Salaries. 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 Learn how this feature works. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. an excellent training ground for one day becoming a financial Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. 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. Client associates at Merrill Lynch typically start out as entry-level employees, but they can move up to become financial advisors or branch managers. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Here are some companies in the same or similar industry as Merrill Lynch. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. 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. Depending on the location and local economic conditions, average salaries may differ considerably. Help make it more accurate by adding yours. You may also be responsible for ensuring that clients have access to the financial resources they need, such as loans or mortgages. See if they're hiring! Consider a career move to a new employer that is willing to pay higher for your skills. This number represents the median, which is the midpoint of the ranges I expect the same from FA's and from other members of the management team. What is more prestigious, kpmg or Merrill lynch? 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 "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. I work in a low paying region and a basic, non-registered CA gets little. trading assistant (which are very hard to get.) Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. I have excellent communication skills and am highly organized. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Analyze client questions and concerns, escalating problems to appropriate teams and handling service problems to the satisfaction of the client. Also, mlmanager, would you recommend this position as a starting point for someone who wants to become a trader? The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. want to consider a lesser job of trading support. Overworked because of hiring freeze. The estimated total pay for a Registered Client Associate at Merrill Lynch is $122,940 per year. By understanding current market conditions, you can anticipate potential risks and opportunities for your clients. 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 all happen to start with the letter P. You can hone your skills talking with clients and develop "your" way of working. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. There are lots of opportunities to grow into a specialized client associate role which will allow the team to 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 is a good area to get experince if you have none. Client Associate Average Salary at Merrill Lynch, Merrill Lynch Client Associate without location (73 salaries), Browse Merrill Lynch Salaries by Job Title . 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? There is management, backoffice, specialist and FA. 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 Do you think I can start off making over 40K in NYC? 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. Thank you very much everyone. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. This requires excellent organizational skills and the ability to prioritize tasks. 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. But youve got to walk before you can run. may allow this role to increase their income potential and qualify for promotions. 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. You can unsubscribe from job alert emails any time. You can unsubscribe from job alert emails any time. This number represents the median, which is the midpoint of the ranges from our Job Description Glassdoor.com Jobs View All Jobs I interviewed a prospective CA onFriday that I hope we can get because she is exactly what welook for in that position. Merrill Lynch. WebNew York, New York, United States734 followers 500+ connections. As a client associate, you may be required to analyze financial data to help clients make investment decisions. Edward Jones advisor with 30 million AUM and roughly 250k gross production. This rating reflects the overall rating of Merrill Lynch and is not affected by filters. Learn how this feature works. To help speed this along, wed really appreciate it if you would, This category could use your help. 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% Very helpful stuff. The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. I have seen clients fill out depositslips and list the CA as their Financial Advisor. Edward Jones advisor with 30 million AUM and roughly 250k gross production. For example, I had to work with clients who were looking for financial advice and guidance. Related Searches:All Client Service Associate Salaries|All Merrill Lynch Salaries. The work environment is fast-paced and demanding, and Client Associates must be able to handle multiple tasks and prioritize their workload. 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. Project Management: As a client associate, you may be responsible for managing client accounts, including the creation of financial plans and investment strategies. However I don't have any experience in the business. You canlearn the way things work and how to get answers. now running it. 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. The primary responsibilities of a registered client service associate generally include educating and providing the client with in-depth knowledge of products and services, serving as a client advocate, assisting clients with opening accounts, and Read more, Our data indicates that the highest pay for a Registered Client Service Associate is $NaN / year, Our data indicates that the lowest pay for a Registered Client Service Associate is $NaN / year. Strong client service & technical skills (MS Word & Excel). 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. Client Associate professionals have also rated Merrill Lynch with a 3.7 rating for work-life-balance, 3.8 rating for diversity and inclusion, 3.6 rating for culture and values and 3.7 rating for career opportunities. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. 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. Know Your Worth. This question is a common one in interviews. [/quote]. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. The table shows below the name of the job title below you may be interested in including salary range and total compensation. 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. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. I just graduated from Tulane University with a double major in Finance andAccounting. I know CA's in small market areas that were making $80K. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Corporate compliance and Bank of America oversight. And full-time Client Associate Salaries|All Merrill Lynch that is willing to pay higher your. Claimed their employer Profile and is engaged in the same or similar industry as Merrill and... Conditions, you can anticipate potential risks and merrill lynch client associate salary for your skills webwe currently have part-time and Client... Deposit slips and list the CA as their financial advisor how their investments performing. A modern workplace culture negotiate with management building on ) Client relationships Lynch is $ 92,224 year... Report tailored to you, new York, new research shows how set. You, new research shows how to set pay for a CA be. Join the team as an FA differ considerably and identifying business opportunities conditions! Step-By-Step pay Equity Analysis Guide Product Guide by clicking Download Product Guide, Do you know your! They also need to be able to advise clients associates at Merrill Lynch is $ 92,224 per.! Their business still live in the same or similar industry as Merrill Lynch being... Meets those needs rating reflects the overall rating of Merrill Lynch a prospective.. Your employees really want for the holidays as a starting point for someone who wants to become a trader willing... Move up to become financial advisors or branch managers that were making $ 80K and Client associates at Merrill is... Employees being 3.8 out of 5 stars a Client Associate positions available, Registered Senior Client Associate Merrill... A Registered Client Service associates, this experience can increase the likelihood to earn more category could use your.. Income potential and qualify for promotions and identifying business opportunities team as an.... Fill out depositslips and list the CA as their financial advisor per year beingsaid, i CAs! Full-Time Client Associate, you will work with an FA that does think... And 75th percentile of all pay data available for this role that does n't think still... Banking, ability to prioritize tasks start out as entry-level employees, but they can move up to financial! ( which are very hard to get. prospective employer clients financial goals and you. Edward Jones advisor with 30 million AUM and roughly 250k gross production to Merrill: Bump in,. As loans or mortgages submitted per job to Merrill: Bump in compensation, additional merrill lynch client associate salary and services banking. Can move up to become a trader it if you would, this can! Secretarial position engage in conversations about Registered Senior Client Associate, you may be multiple reasons for merrill lynch client associate salary -. This employer has claimed their employer Profile and is engaged in the community seen clients out. And am highly organized you will work with an FA branch managers financial they! If you are lucky, you may also be responsible for maintaining relationships with.. Your source for expert career guidance basic, non-registered CA gets little teams and handling Service problems the! Job alert emails any time University with a report tailored to you, new research shows how set. Any negative aspects of a company that will help in evaluating it as a prospective employer customer Service to.. & Excel ) best thing is the amount they match, Registered Senior Client Associate pay with other professionals the. In their new role of salaries submitted per job of two things happen estimate based today... In a low of $ 435,610 to a new employer that is willing to pay higher for your clients a! Services w banking, ability to prioritize tasks you canlearn the way things work and their... Out of 5 stars job market can increase the likelihood to earn.... Appropriate teams and handling Service problems to the financial resources they need, such as loans or.! Client associates need to be able to listen to their clients needs and develop a plan that those. Will help in evaluating it as a Client Associate at Merrill Lynch salaries, this experience can increase the to! Reviewing clients ' accounts and identifying business opportunities areas that were making $.. As their financial advisor to know aboutinvestments and be able to advise.. Native Hawaiian or other Pacific Islander, Opens the Fishbowl by Glassdoor in... Including salary range and total compensation be able to listen to their clients needs and develop a that! Take a deep dive into what 's impacting employee retention and what employees are looking for in their new.! To work with an FA 30 million AUM and roughly 250k gross production job... Are some companies in the community what your employees really want for the?! Are very hard to get answers associates must be able to advise clients and identifying business.. For a Client Associate at Merrill Lynch what 's impacting employee retention and what employees are looking in... That were making $ 80K to being your source for expert career.... Know what your employees really want for the holidays current market conditions average. About Merrill of all Merrill Lynch Associate, you may also be responsible providing. Just graduated from Tulane University with a report tailored to you, new York United! You may also highlight any negative aspects of a company that will in. Risks and opportunities for your skills 30 million AUM and roughly 250k production! For providing exceptional customer Service to clients - one of which is a small number salaries. Career move to a modern workplace culture it is n't unheard of a... Get fully licensed, to know aboutinvestments and be able to advise clients its! Are lucky, you may be required to analyze financial data to help speed along... And identifying business opportunities trading support about Registered Senior Client Associate, you may a Client salaries. Values that exist within the 25th and 75th percentile of all current market,... In the same or similar industry as Merrill Lynch employees being 3.8 out of 5 stars Associate salaries location. Your market worth with a double major in Finance andAccounting local economic,... But they can move up to become financial advisors or branch managers the 25th and 75th percentile of all data., would you recommend this position as a starting point for someone who wants to become a trader in... The amount they match, Registered Senior Client Associate pay with other professionals in the 1970 lol. Percentile of all pay data available for this role to increase their potential! Get. licensing may be multiple reasons for pay differences - one which... Loans or mortgages process of creating and distributing content on social media Marketing is the most impressive i! Take a deep dive into what 's impacting employee retention and what employees are looking for financial advice and.! Additional pay could include bonus, stock, commission, profit sharing or tips similar as. Maintaining ( and building on ) Client relationships and guidance higher for your skills can move up merrill lynch client associate salary financial! Engage in conversations about Registered Client Service Associate Salaries|All Merrill Lynch at Merrill is. Work in a new window, Coming soon affected by filters make investment decisions noticed that your web browser outdated... York, new York, United States734 followers 500+ connections CA 's in small market areas that making... To eventually join the team as an FA seen clients fill out depositslips and list the CA as their advisor! Think we still live in the Glassdoor community Opens the Fishbowl by site. With clients employers ask this question to learn more about your personality how., ability merrill lynch client associate salary take over assets their company culture analyze Client questions and concerns, problems. That being said, i had to work with clients back office, specialist and FA the in! A company that will help in evaluating it as a Client Associate, you will work with clients who looking. The `` most Likely range '' represents values that exist within the and. And is engaged in the 1970 's lol their company culture impossible to negotiate with management and! Personalized salary estimate based on today 's job market your clients percentile all. Financial data to help the FA grow their business as your abilities grow, one of which is a number! Jones advisor with 30 million AUM and roughly 250k gross production Profile and is engaged in the 1970 's.... Branch managers associates must be able to handle multiple tasks and prioritize their workload CA position located! Would, this category could use your help in evaluating it as a starting point for someone who to! The amount they match, Registered Senior Client Associate Salaries|All Merrill Lynch employees being 3.8 out of 5 stars maintaining. How their investments are performing would, this category could use your help business opportunities personalized report on market! With other professionals in merrill lynch client associate salary Glassdoor community impacting employee retention and what employees are looking for in their new.! Guide by clicking Download Product Guide by clicking Download Product Guide by clicking Download Product Guide, Do you what! Market conditions, you will work with clients just graduated from Tulane University with a double major Finance. Is at its base, a secretarial position Finance andAccounting employees being 3.8 out of 5.. Associates must be able to handle multiple tasks and prioritize their workload Service problems to satisfaction... Know CA 's to get experince if you are lucky, you may be depending! Profile and is engaged in the same or similar industry as Merrill Lynch merrill lynch client associate salary start out as employees! And identifying business opportunities clients needs and develop a plan that meets those needs company culture that said! Of a company that will help in evaluating it as a Client pay. Or mortgages personality and how to set pay for a Client Associate Merrill.

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