Merrill Edge
3,5 de 5 estrellas.
Recibe actualizaciones semanales, nuevos empleos y evaluaciones

Evaluaciones de Merrill Edge

Evaluar a esta empresa
Título del puesto
Todo
Ubicación
Todo

Puntuaciones por categoría

3,5Equilibrio vida personal/laboral

Ordenar por

RelevanciaCalificaciónFecha
Mostrando las 167 evaluaciones

Sales over Service kinda thing

Evaluación destacada de Indeed

La evaluación más útil según Indeed
Sales benchmarks you're expected to hit were you usually too high. If you're good at sales this is fine, but if you're better at service than sales the company won't have a place for you.Benefits were solid and the people were nice.
¿Te ha sido de ayuda esta evaluación?

Good opportunity to meet with clients face to face but minimal advancement opportunity

Worked there for a few years in a bank branch location and gained experience working with clients face to face and also building relationships with associated in different lines of business. Minimal room for advancement from this position as the next opportunity up is to work at Merrill Lynch where I have not seen a single FSA be successful, as they are often taken advantage of by senior FAs.
¿Te ha sido de ayuda esta evaluación?

Stepping stone

Great place to start your career in retail finance as an advisor. Phone based licensed advisor positions give you exposure to a lot of clients and situations in a short period of time so you learn a lot. On the right team you can make great money working 40 hrs a week that other industries don’t make working 60+. However it leads to burn out, lots of the same calls over and over can wear you down but that’s the name of the game. Great management in my experience, lots of other opportunities within BofA but little pay transparency …
¿Te ha sido de ayuda esta evaluación?

Good work culture

I worked here over the summer as an intern. Great culture, friendly people, but entry level pay was below average. Also not a typical 9-5 schedule, can work weird hours and weekends if you get that shift.
¿Te ha sido de ayuda esta evaluación?

Allows you to control your level of success

Plenty of CRM to utilize and great lead generation! The tools and research, top notch. Management leads the way for decimating it to advisors, in turn we engage clients equipped.
¿Te ha sido de ayuda esta evaluación?

Califica una empresa en la que trabajaste recientemente

Comparte tu experiencia para ayudar a otros

Call center job. No human interaction/ coaching. No chance for advancement

Typical day of work is phone call after phone call. You must be on the phones 80% of the day or you will get called out. Have to bring in "new money" or you will get called out. Doesn't matter how the customers rate you in the surveys. You could get 10/10 from every client but if you aren't getting people to bring money in, nothing matters. Getting an answer to the simplest of questions is impossible. Having a degree in finance doesn't mean anything either.
¿Te ha sido de ayuda esta evaluación?

Worth the read...but, as always - YMMV

The Good: Helping clients achieve financial goals is intrinsically rewarding. If you "know your stuff" and are there for your clients as much as you are for the paycheck, there is the possibility of making life-long relationships with clients.The Bad: Micro-management from mid-level supervisors fosters an environment of simply "working for the numbers," as opposed to truly creating and enriching relationships with clients. The Ugly: Compensation is based on multiple metrics that are designed to be purposefully opaque and support the previously mentioned "working for the numbers" mentality. (Ex. You spend multiple hours throughout the week working with a HNW client who adds $3M to your AUM - a solid win by most considerations. BUT due to time spent fostering relationship with the current client to gain those funds, time spent prospecting new accounts is reduced with no consideration for advisor's new households target. The ultimate result: even though the firm gained $3M in AUM that week, if the new household target is not achieved, compensation to the advisor can be negatively affected by as much as 75% --- Obviously there is undeniable value in bringing in new client households; however, penalizing an advisor, who is nonetheless bringing in new assets, allows the firm to avoid having to pay a "fair days comp for a fair days work."

Pros

Good Benefits, BoA affiliation/ownership provides nice banking benefits not standard at most firms

Contras

Micro-management, Purposefully complex comp structure - designed to withhold payment to advisors
¿Te ha sido de ayuda esta evaluación?

great company

great company to work for and People love passionate business owners. Your audience will scan your story for proof that you’re passionate about your business. Tell people about the work your company gets excited about doing. Or, tell your audience what you like to see in your industry, whether it’s an innovation, a business philosophy in practice, or an initiative
¿Te ha sido de ayuda esta evaluación?

Money is not bad but could be better.

No support for new employees. The training after licensing is terrible. If you get have questions manager tells you to "call your piers". Not a great place to work.
¿Te ha sido de ayuda esta evaluación?

Great company!

Great company. Work life balance is good. 4 weeks vacay to start as a financial solutions advisor. Simone planning software and limited product set imo. Management style is transactional even though I’m sure that isn’t the intent. How many calls? Appointments? (Web, phone, in person). Etc. Typical for sales role. Its really dependent on the managed. It can also be hit or miss depending on the Bank of America center where you are working because there is a “dotted” line to a banking manager who may not understand your role and expectations on the investment side. The systems are clunky but always improving. It’s challenging to get accounts open sometimes. Lots of notes. Compliance (good thing) lots of disclosures. Managed portfolios, self directed, and robo is the product set. There is also a bank component where you open up checking, savings, credit card, auto. (Not too keen on this aspect but you get to talk to and help people financially. ). You refer mortgage, wealth mgmt, private bank, business banking. My quarterly bonuses ranged from 7500-22000 per quarter. Some colleagues I know have done 20k-50k per quarter consistently but this is the exception. Honestly, it’s good for beginner, intermediate and even more experienced advisor - best work life balance and company I’ve ever worked at. Been here 7 years. Great benefits. Good pay. Stock options, sick leave, paternity etc. Charity events etc. There is a lot here but you get out what you put in. As with many jobs you need to brand yourself, network, and stay visible if you want to Segway - 

Pros

Compensation, work life, benefits

Contras

Micromanagement sometimes, too much compliance, retail banking issues, sometimes the compliance is too much and limits growth
¿Te ha sido de ayuda esta evaluación?

Interesting

No real understanding of how to succeed. Management also was learning the role so couldn’t really help. Pay was pretty good. Recorded phone calls were tough to get used to.
¿Te ha sido de ayuda esta evaluación?

This company does not care about employees

I mean the culture is on a whole other level here. Meaning its absolutely awful. Everyone throws eachother under the bus. It's like a professional high school. Glad I left.

Pros

None

Contras

No hybrid, no loyalty, pay sucks, can't trust anyone, culture is terrible.
¿Te ha sido de ayuda esta evaluación?

Lots of opportunity, fast pace

Opportunities because sitting in FC will giving a lot of chance to see more client, hence more opportunity to work face to face insead of making cold call
¿Te ha sido de ayuda esta evaluación?

Don’t do it.

Don’t do it. It’s a typical horrible call center. They act like it’s this prestigious job but at the end of the day…. It’s a call center- but you have dress up. The more calls you can take the better. You really don’t have to know much, just get the caller off the line and move on. That’s it. If you really care for customer service and relations please move on.
¿Te ha sido de ayuda esta evaluación?

Plenty of opportunities for growth

Don’t expect to keep a manager for long, wether you are moving within the company or your current manager is changing roles, don’t get too comfortable. There is plenty of opportunity for growth, or department changes if something isn’t working out but training doesn’t always prepare you for actual duties in your role. To be fair, I started during pandemic to I have been WFH and all training has been virtual.
¿Te ha sido de ayuda esta evaluación?

There are certain teams you should avoid.

I am sure other team within Merrill Edge are fine. Brokerage team is under staff and underpaid. Brokerage team does more work than any other team but is paid the least. Your daily job is taking inbound calls and taking care of service. Then transitioning service to sales. A lot of emphasis on pitching Bank of America accounts. A lot of times the job doesn’t even feel like a financial advisor job. Despite this, managers are often very helpful. They will do whatever they can to get you promoted. Benefits are also very good. Great health care and 401k Before joining the brokerage team ask the manager for the target bonus pay. Then ask the manager what percentage of brokerage team hit the goal. There also a lot of great position within Merrill and Bank of America. My review is only reflective of the brokerage team.

Pros

Great company overall, A lot of opportunity within the enterprise, Paid vacation and sick time, 401k and health insurance, Great people.

Contras

Micromanaged. Pay is too little. Very little flexibility for work hours. No hybrid option.
¿Te ha sido de ayuda esta evaluación?

Risk and reward

If you are great at training yourself and catching onto complex topics quickly while retaining information this will be a great fit for you. The traing provided isn't as good as other companies but if you pass the exam you will get a pay increase
¿Te ha sido de ayuda esta evaluación?

Not for everyone

I generally do not write reviews but here goes.First thing to understand this is a call center. Your day to day activity is tracked. How many calls you take and how many breaks you take. You are giving your scheduled based on performance. If you have poor performance one quarter, you will be stuck with a late or undesirable shift. Your whole day will be wasted. This isn’t a 9-5 job . It’s a 9-6 job . You are giving an hour for lunch. This is not a flexible job. You work the hours you are assign. There is also no hybrid. Soon we will be forced to return to the office. There is no compromise. You will work 5 days a week in the office. You may have a financial solution advisor title but there is very little advising you do. Most of your calls will be service related(distributions, password reset, statement copy and etc.). Lately, there been a lot of pressure pitching Bank of America products. There is more focus on teaching advisors how to sell Bank of America products than there is teaching advisors how to be advisors. As a result this job may feel more like a relationship banker than a true advisor job. Salary is at below industry standards. With bonuses it may be at industry standards. Upper/mid management had 3 major changes in the last 5 years. Third time is not the charm . All the same problems exist: low pay, bad culture , and low moral. All in all, this job requires a lot of energy. If you are a high energy person who is great at sales you can make a lot of money. But, if you can’t grind it out or if you don’t want to…stay clear. You can invest this same amount - 

Pros

Great benefits (401k and insurance)

Contras

Low pay, no work from home option, no hybrid, poor management, low moral, salary is lower than competitors, culture
¿Te ha sido de ayuda esta evaluación?

Good benefits

There’s a lot of metrics and indirect push for sales in my job, goals are not hard to meet but you have to work smart and hard to make good incentives.

Pros

Benefits, incentives

Contras

Management’s push for more—metrics, sales
¿Te ha sido de ayuda esta evaluación?

Good comp, high sales pressure

Great way to start an advisory career, get coaching, good comp and benefits but if you arent around good , high dollar clients you’re going to struggle and be on the brink of getting laid off for performance, just the fact of trying to set up investment accounts in lower income areas
¿Te ha sido de ayuda esta evaluación?

Career

If you are a hard worker then this place is great. You can get promoted yearly with a decent pay increase each time. There isn't really any career advancement once you make it to the top advisory team. If you don't want to go into management, you are pretty much at the end of the road. You could stay at the top advisory team for a long time and make $120-$200k.
¿Te ha sido de ayuda esta evaluación?

¿Quieres saber más sobre trabajar en esta empresa?

Haz una pregunta sobre cómo es trabajar o entrevistarse en Merrill Edge. Nuestra comunidad de usuarios te ayudará con tus dudas.Haz una pregunta

Puntuación general

Basado en 167 evaluaciones

Puntuaciones por categoría

3,5 de 5 estrellas en Equilibrio vida personal/laboral
3,5 de 5 estrellas en Salario/Beneficios contractuales
3,3 de 5 estrellas en Estabilidad laboral/Desarrollo profesional
3,2 de 5 estrellas en Administración
3,1 de 5 estrellas en Cultura laboral
  • Empresas
  • Merrill Edge
  • Evaluaciones de empleados