Merrill Lynch Financial Advisory Center
Aside from the 1 article listed on this website, does anyone have any ideas regarding starting out at a place like this. (Also referred to as a call center)
I know they offer paid training and you handle account less than 100k. Aside from this does anyone have any details....salary....job description...so forth
Let me know!! Thanks
I found out that the name of the position is: <span id=“JobTitle” =“x2”>Investor Service Advisor
Still, any additional information would be great.
this link may help youhttp://careers.ml.com/index.asp?id=76716_79985_80008_13935_101111
Hey thanks. I actually saw this but they were not very specific. I was hoping someone who had gone through the experience could give a more detailed explanation with a few numbers as well(salary, payout, so forth).
You in Philly? From a friend, your job will be servicing 100k and under accounts and getting their concentrated stock positions into revenue generating funds. Pay is a decent base + bonus for fund sales. Good way to get licensed and see where you want to go from there.
I’d look at other firms - from what I understand, Merrill Lynch is not a financially stable organization.
[quote=xbanker]You in Philly? From a friend, your job will be servicing 100k and under accounts and getting their concentrated stock positions into revenue generating funds. Pay is a decent base + bonus for fund sales. Good way to get licensed and see where you want to go from there. [/quote]
No, I am not in the Philly area. Curious though, does your friend have any idea what the average salary and earning potential is?
The rest sounds pretty good and from what I have heard does not require much if any prospecting. I was curious if I could also bring on my own clients. I know some people with nice sums of $ that would definitely invest with me but I have no intention of bringing a large client on board to lose him to some FA in a corner office.
[quote=apprentice]I’d look at other firms - from what I understand, Merrill Lynch is not a financially stable organization.[/quote]Stan O Neil did very well did he not This forum makes fun of Edward jones GP's but even they cannot hold a candle to Stan the man!
Stan is one guy - and is irrelevant to this discussion and the demise of the once mighty Merrill.
If the job is the same as what I think, you would have no benefit to bringing anyone in and it doesn’t involve “little” prospecting, but NO prospecting. You are servicing call center accounts. While sales will be your primary metric, it will be incidental such as, “yes, ms. x, I’ll have your October Statement copy resent. By the way, I notice half of your funds are in GE. We may be able to help you…” You get the picture. Upper range about 100k even. I got the impression it was good for people starting out/getting licensed and those who just didn’t want the hassle of being in production.