college, just learned the biz and made the clients love her. The estimated total pay for a Client Associate at Merrill Lynch is $92,224 per year. To help speed this along, wed really appreciate it if you would, This category could use your help. 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. The estimated total pay for a Registered Senior Client Associate at Merrill Lynch is $134,187 per year. [quote=mlmanager]The CA position is at its base, a secretarial position. Your input helps Glassdoor refine our pay estimates over time. Career development opportunities. Change of employer: Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Help make it more accurate by adding yours. You may also be responsible for managing client accounts and their associated paperwork. A good CA can make Applicants must also have strong communication and customer service skills, as well as the ability to work in a fast-paced environment. Fully paid or Merrill Lynch H1B Salary 2021 80 records was found, Median Salary is $131912. See if they're hiring! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 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 Anyone have any thoughts on Merrill Lynch Wealth Management? 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 Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. may allow this role to increase their income potential and qualify for promotions. The starting salary varies from region to region. Averages based on self-reported salaries. 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. How do I rollover my 401k from fidelity to Merrill lynch? One of the bigger producers in my office is a woman who was formerly a Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. The estimated total pay for a Wealth Management Client Associate at Merrill Lynch is $109,893 per year. Additionally, applicants must be able to pass a background check and drug test. 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. 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. Pros to Merrill: Bump in compensation, additional tools and services w banking, ability to take over assets. Know Your Worth. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Native Hawaiian or Other Pacific Islander, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Example: My boss would probably say Im very organized, always on time and able to meet deadlines. Use your answer to highlight any skills or experiences that helped you work well with others and collaborate on projects. Pros to EJ: Have my own office, a year or two away from partnership, great office setting and client satisfaction. Miami, FL 33131 (Brickell area) +126 locations. Join to view profile. When answering this question, it can be helpful to highlight some of your most important skills and qualifications. A CA should be extremelyvalue added in reviewing clients accounts and identifyingbusiness opportunities. Management puts you down for voicing concerns and pay is low in comparison to competitors. As your abilities grow, one of two things happen. Ive learned to take deep breaths and count to five before making any changes to ensure I dont make these types of errors anymore.. I also have strong problem-solving skills and enjoy helping others find solutions to their problems.. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-lepz084j", "fluid": true }, Averages based on self-reported salaries. Wealth Management is part of the Informa Connect Division of Informa PLC. Thanks! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Branch managers are responsible for overseeing the day-to-day operations of a branch office, including hiring and training staff, managing client accounts, and ensuring compliance with regulations. 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. Yourbest bet is to take a salary you can live with, get licensed ifyoure not already and start working. Salaries at Merrill Lynch & Co Inc range from an Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. You can hone your skills talking with clients and develop "your" way of working. 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 I'd 'almost' be willing to work ther if I'd not already tasted the sweet wine of Indy life! It isnt unheard of for a CA toeventually join the team as an FA.Prepare for the interview as you would any other. 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. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Help make it more accurate by adding yours. The estimated base pay is $74,660 per year. Been there for almost 4 years. You can learn the way things work and how to get answers. 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. As a client associate, you may be responsible for maintaining relationships with clients. Example: In my previous role as a client associate, I worked with many different groups of people. Three advisors, two CA's, managing around $400 million dollars in assets. WebThe Client Associate (CA) role is a sales and service support position, typically providing dedicated operational, adminsitration and client support to Join Today! Iexpect the same from FAs and from other members of themanagement team.The starting salary varies from region to region. 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. Based on the company location, we can see that the HQ office of Merrill Lynch is in MIDDLESBORO, KY. is a secretary position at first but you must have skills in order to New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. 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. Good stuff man, and well written! 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. WebMerrill Lynch pays an average salary of $490,689 and salaries range from a low of $435,610 to a high of $553,309. Edward Jones advisor with 30 million AUM and roughly 250k gross production. Related Searches:All Registered Senior Client Associate Salaries|All Merrill Lynch Salaries. over $100k per year. That beingsaid, I expect CAs to get fully licensed, to know aboutinvestments and be able to advise clients. Example: Im an experienced Merrill Lynch client associate with five years of experience in financial services. I have excellent communication skills and am highly organized. Your best bet is to take a salary you can live WebWhen we joined Merrill Lynch we were a team of five. Come to us in your pursuit of success. 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. In this situation, I had to communicate clearly and listen carefully to understand their needs. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Level of Education: Gaining advanced degrees https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, 2023 Informa USA, Inc., All rights reserved, Target Needs to Make You Want to Spend Again, Six Reasons 2023 Is the Year of the 1031 Exchange, 10 Must Reads for CRE Investors Today (Feb. 28, 2023), Mercer Launches Broker/Dealer for Legacy Assets, Goldman Turns to Make-or-Break Unit as Solomon Put to Test, The 12 Best Business Books of 2022 for Advisors, The Most-Revealing Onboarding Questions Advisors Ask, Allowed HTML tags: . The best thing is the amount they match, Registered Senior Client Associate Salaries by Location. Manage all client account opening, transferring, and closing processes, ensuring that procedures are followed correctly. Corporate compliance and Bank of America oversight. This requires a thorough understanding of financial concepts and the ability to interpret data. Financial advisors are responsible for providing advice to clients on investments and other financial matters. Previous experience in the financial services industry is preferred, but not required. Overworked because of hiring freeze. Account Management: Account management is the ability to manage client accounts and ensure that each clients needs are met. Boston University. Read employee reviews and ratings on Glassdoor to decide if Merrill Lynch is right for you. We're now a team of 13 with nearly two billion dollars, five advisors, three IA's and five CA's. 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 Ive always thought that being a Client Associate (sales assistant) is 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. Merrill Lynch is a global financial services company that provides investment banking, wealth management, and other financial services to individuals, businesses, and institutions. I know CA's in small market areas that were making $80K. I know CAs in small marketareas that were making $80K.It is a good area to get experince if you have none. WebThe average salary for a Registered Client Associate is $56,576 Base Salary $43k - $72k Bonus $769 - $20k Profit Sharing $1k - $24k Commission $5k - $17k Total Pay $44k - Find out more about, Get started with your Free Employer Profile, Client Associate interview questions at Merrill Lynch, Client Associate employees at Merrill Lynch. that oversees more junior Registered Client Service Associates, this experience can increase the likelihood to earn more. Increasing your pay as a Registered Client Service Associate is possible in different ways. This question is a common one in interviews. This is equal to the company average rating for salary and benefits. Having problems? What is more prestigious, kpmg or Merrill lynch? 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. Understanding these developments and being able to explain them to your clients will give you an edge over other professionals in the field. Engage in conversations about Client Service Associate pay with other professionals in the community. Your input helps Glassdoor refine our pay estimates over time. Here are three trends influencing how Merrill Lynch Client Associate employees work. Were a little short on data, but you can help. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. The starting salary varies from region to region. 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.