Registered wealth management client associate bank of america salary

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What Does a Wealth Management Client Associate Do?

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Asset management firms help investors to manage their assets by offering advice on the identification of “suitable” assets for the client through analysis of past and current trends, risk-return analysis, strategy formulation, and appropriate projections in return for a commission.

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Frequently Asked Questions About a Wealth Management Client Associate Salaries

What is the average of a Wealth Management Client Associate in the United States?

The Wealth Management Client Associate salary range is from $43,503 to $54,689, and the average Wealth Management Client Associate salary is $49,341/year in the United States. The Wealth Management Client Associate's salary will change in different locations.

Which location pays the highest Wealth Management Client Associate salary in the United States?

The Wealth Management Client Associate salary in San Jose, CA is $61,923 which is the highest in the US.

What kinds of reasons will influence the Wealth Management Client Associate's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Wealth Management Client Associate.

What is the growth rate of the Wealth Management Client Associate's salary?

If you are thinking of becoming a Wealth Management Client Associate or planning the next step in your career, find the detailed salary report of a Wealth Management Client Associate.

Job Description:

Business Overview

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch wealth management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.

Merrill Lynch's financial advisors help clients pursue the life they envision through a one-on-one relationship with an advisor committed to their needs.  We believe trust comes from transparency.  Our trusted financial advisors are equipped with access to the investment insights of Merrill Lynch coupled with the banking convenience of Bank of America.

Description

The Client Associate (CA) role is a sales support position, typically providing dedicated operational and sales support to multiple Financial Advisors (FA's). Incumbents may also on a regular basis support office initiatives, in addition to the businesses of particular FA's. For established clients, the CA will often serve as the most frequent point of contact with Merrill Lynch. Fully registered CA (Series 7 & 66 (63/65)). Fully paid or partially paid by the FA.

Required Skills

  • Minimum of 1 years professional or relevant internship experience required
  • If Series 7 & 66 or 63/65 licenses are not currently held, must be obtained within a specified timeframe if being hired into a registered job code
  • Knowledge of investment and banking products, policies & procedures
  • Strong client service & technical skills (MS Word & Excel)
  • Strong communication, time management and organizational skills

Desired Skills

  • Undergraduate Degree

Note to internal employees: This position is eligible for a $2,500 referral bonus through the MyRecruit program. To qualify, your referral must be fully licensed (Series 7, 66 or 63/65) at the time of hire. 

Shift:

1st shift (United States of America)

Hours Per Week: 

37.5

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Salary.com Estimation for Registered Wealth Management Client Associate in Winter Park, FL

$79,427 to $142,410

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How much does an investment banking associate make at Bank of America?

$184,463. The estimated total pay for a Investment Banking Associate at Bank of America is $184,463 per year.

What does a Bank of America client associate do?

What Do Registered Client Associates Do? Provide sales support to financial advisors. Process account service requests and ensure appropriate documentation. Leverage various communication channels to keep in touch with clients.

What does a Merrill Lynch client associate do?

Merrill's Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency.

How much does a FCM make at Bank of America?

The estimated total pay for a Financial Center Manager at Bank of America is $105,966 per year. 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. The estimated base pay is $76,749 per year.