Merrill Edge provides access to high-quality research, excellent investment opportunities, and helpful customer service… You can obtain employment with the company almost anywhere in the U.S and internationally. Been there … Dont work there, The company is a good firm to start with in the financial services industry - there are opportunities for licensing and exposure to a few critical components in the industry. How do you feel about the future of Merrill Edge? Merrill Edge is a US-based stockbroker founded in 2010 by Bank of America (BofA). Our community is ready to answer. When I started at ME in 2011, they were a new branch of BofA/Merrill Lynch. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. Ask a question about working or interviewing at Merrill Edge. Research and training were top notch. See more Merrill Edge reviews by job title, Career recommendations for Financial Advisor, Explore information on salaries, job satisfaction, skills and more, Popular locations for Financial Advisor in US. For most its just a job, not a career. Merrill Edge Self-Directed received 3.5 out of 5 stars overall in Investopedia's Annual Review, March 17, 2020. They offer you this great bonus but they always and I mean always try and usually succeed in not paying but about 50%, seriously they a have a whole department dedicated to this. Our calendars are loaded with these fake/no show appointments that are truly calls which can be made in between walk ins and leaving potential clients little time to schedule a real appointment. Plus, Merrill clients have access to customer support at about 4,300 Bank of America locations. All customer reviews are handled by the BBB where the company is Headquartered or a central customer review processing location. I have been with the company just short of 20 years; 17 of them in the same position. I interviewed at Merrill Lynch (Pennington, NJ (US)) in January 2019. It has gone downhill and gets worse every year. Some managers make their own rules. Very sad. Do not work for this company if you care about your future. For investors concerned with customer service, Merrill Edge stands out from the competition, offering 24-hour support and even in-person consultations with licensed advisors. Some managers make their own rules. your basically part of an assembly line. Interview. Opportunity is there but need to make sure to get licensed. What are the steps along th…. Great work/life balance and acceptable salary. 4 on 1 panel group interview in Pennington, NJ with bank of america/merrill edge for a full time role as a financial services representative for the firm. Merrill Edge … Each time technology launches a new tool or improvement it takes months to work the bugs out which is embarrassing in front of clients.The training offered after new hire training is subpar at best. If you don't have a great team you feel drained and bored. The rules constantly change, nothing is consistent. Merrill Edge … No working person wants to meet with their advisor every 3 months. The contradictory standards prove the company’s leaders are clueless and support the bad ratings the firm receives when you do a simple google search. Learned a lot about advising at this job. More responsibility, same pay. One needs to consistently EXCEED goal to stay off managements radar for many emails and phone calls about what’s going on with your performance. How much does a Merrill edge advisor get paid? A licensed Merrill Financial Solutions Advisor can help you pursue your financial goals and plan for what matters most to you. You will be helping clients in the financial center while handling a micro management sales culture. Had plenty of investment money, but not enough time to spread all my efforts. Working at Merrill Edge is a great starting place to learn about the retail brokerage side of finance. How well you do your job or how hard you work, if they dont like you its all over. Merrill Edge is a self-directed trading solution offering zero-commission trades on stocks, options, and ETFs, and advanced trading features. Managers are evaluated on how well their teams do and this is all based on how many referrals their teams generate in that period. In this Merrill Edge review… Your entire day is scheduled for you. I can say that the only thing that was bothersome was the structure changes for management. Number 2 at my site but they promoted a younger person because he had been in the position longer even though he was ranked at the bottom. Meeting goal is unacceptable. Good first job. Reviews from Merrill Edge employees about working as a Financial Advisor at Merrill Edge. The management and lack of functional technology however is not. Merrill Edge offer a fair industry price among their competitors, and Bank of America customers can easily begin trading from their … They completely did not tell us how sales driven it was and after a while it just feel like your there. The Merrill Edge representative at the BOA branch always sits in an empty office. Many different and diverse roles. They push an agenda which is doomed to fail by overworking and under appreciating the people who perform the best. Learned a lot about advising at this job. Leadership feels at times that it is already “planned.” Ratings for associates are completed early and doesn’t seem to fit those that are unlicensed. This is also a sales-based role. They gave me a lot of autonomy, manager guidance, and incentives to perform well. What is the work environment and culture like at Merrill Edge? Average of 409 Customer Reviews 30 minute breaks and strict metrics to follow. Meet your local Merrill Financial Solutions Advisor on the phone or at a Bank of America financial … they will allow you to get your licenses and grow from there to another aspect of the industry. There is a chat service … Nevertheless, it performed satisfactorily in most categories, something that not all brokers … Communication is terrible. In our 2021 brokerage review, Merrill Edge investment service received 5 stars in only one category: Research and Education. 4 on 1 panel group interview in Pennington, NJ with bank of america/merrill edge for a full time role as a financial services representative … It's like going to "day jail." It is definitely a call center position. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. Working here feels more like a job than a career. The job is basically turning a customer service call into a sales call. MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisers. But the schedules they have available to new hires are very draining. On average, how many hours do you work a day at Merrill Edge? The compensation for each department is very close which makes it difficult for employees to want to switch roles. How often do raises occur at Merrill Edge? This should show them that I am hard working and dedicated. They completely did not tell us how sales driven it was and after a while it just feel like your there. Self-directed investors can use the Merrill Edge online brokerage platform to trade stocks, bonds, exchange-traded funds, mutual funds, options contracts and more.As an online broker, commissions and fees are much lower at Merrill Edge than on the full-service … Paid training, and great support during studying. The kind of appointment beneficial to the advisor, the client and Merrill. It's a good place if you can't think for yourself and like people to tell you how to think and what to say. The company pays you to get your licensed series 7 and series 66. Lots of fake appointments must be set to satisfy the management team. Company actively tries to rip off comp from employees. The management team was supportive but lack ability. One needs to consistently EXCEED goal to stay off managements radar for many emails and phone calls about what’s going on with your performance. poor upper management, disconnect with workforce, Small Business/Premium Investment Consultant. How long does it take to get hired from start to finish at Merrill Edge? A phone call would do and if necessary set an appointment at that time. Our calendars are loaded with these fake/no show appointments that are truly calls which can be made in between walk ins and leaving potential clients little time to schedule a real appointment. Meeting goal is unacceptable. Communication is terrible. The kind of appointment beneficial to the advisor, the client and Merrill. Management is amazing but the actual workload keeps growing with no resolve due to the company growing, with not enough employees to handle call vol. Let banking focus on bank accounts, credit cards, mortgages. Everything is established for advisors with no experience because their model is to bring people in who don’t know what they’re doing so the executive buffoonery will go undetected. Cant be great at everything. The rules constantly change, nothing is consistent. Being an FSA can be tough at times. Hours, Training, Communication, Management, Pay. I enjoy what I do and don't dread going to work, which is obvious based on how long I have been with the company. Technical support for new advisors was great. Final Thoughts: Merrill Edge Review. You will love who you work with, but not the company. Share your experience. Good place to start your financial career. The process took 1 day. Merrill Lynch Financial Advisors is the advisory service associated with Merrill Edge. Our community is ready to answer. Better yet, for current Bank of America customers, Merrill Edge's … Merrill Edge: Get up to $600 when you open a new Merrill Edge account with at least $20,000. I applied for 15 internal jobs but they had decided in the first 2 weeks of training who was going to be promoted and who was not. Plenty of opportunity to grow technical skills, Too many irons in the fire. Merrill, formerly Merrill Lynch, is a financial advisory company that works with consumers to create wealth … When questioned why I … The job itself is great if you love helping people. No work life balance. did not mention the role involving sales at ALL) and management is always making changes but doesn't ask for any employee feedback when brainstorming or implementing these ideas. The firm requires a $20,000 minimum investment, and it comes with a 0.85% annual … Could greatly improve working conditions if systems worked in sync or by reducing the number of systems used to accomplished expected tasks. Lots of fake appointments must be set to satisfy the management team. So please do yourself a favor and don’t apply if you don’t want to be pushing stuff all day, every day. They were all young and almost all minorities. Merrill Edge … Technical support for new advisors was great. The contradictory standards prove the company’s leaders are clueless and support the bad ratings the firm receives when you do a simple google search. See more Merrill Edge reviews by job title, See more Merrill Edge reviews by location. This estimate is based upon 47 Merrill Lynch Financial Services Representative … Horrible systems that do not work. Merrill Edge is the online investment platform of Bank of America Merrill Lynch, a financial services industry heavyweight. (That's all I have. I enjoyed 3 years there in different positions. Merrill, Merrill Lynch and Merrill Edge investment advisory programs are offered by MLPF&S. Customer Service Merrill Edge customers can reach a representative over the phone day or night, including weekends. Very little advancement opportunities. Focus of company changes monthly. Merrill Edge represented I would have a 40% exposure to the market. Also the compensation when recruited was not true. phone calls all day and they really really limit the actual financial advising. Financial Services Representative at Merrill Edge ... perform and execute regular performance reviews; work with other managers to develop best practices; help with the interviewing and … Performed general maintenance, area patrol, security camera review, and other security-related duties for the Cable One Corporate Office Complex. Being an FSA can be tough at times. I can't express enough how much support is provided from management. The pay was great, but if you didn't meet your metrics you were threatened to be fired. But then they’ll evaluate you on how many “referrals” you can generate in a month. Bank of America recently increased their minimum wage to $20/hr. We took many calls each day and tried to build our brand. Not enough workers so overtime is thrown on without asking the employees first. In my role as an Assistance Vice President there was a lot of action. Investopedia rates online brokers based on 12 key categories and 103 … makes for a good environment. The pay is below industry average but gives clear direction for career. The pay is decent and there seems to be alot of room for advancing. Expectations are not set based on true production yet bonus pay is. This was a great job when I started years ago. I learned so much working at Merrill Edge. Meet your local Merrill Financial Solutions Advisor on the phone or at a Bank of America financial … What are the steps along th…. If you’re somebody who isn’t turned off by sales and even wants an advisory career path then this is something you would benefit from. Career path, managers genuinely care, great company to start, Short breaks, micromanaged, heavy sales driven. Unfortunately, I did not … They criticized my work experience, which was pretty rude. This company sets each person up for failure and they use their advisors as scapegoats for their bad practices. Merrill, its affiliates, and financial … Excellent training and management is hands on with the material. Nice working environment with the ability to grow and advance within. That investment has paid off, with Merrill Edge earning a spot on our coveted bes… Every Department Works Independently & Competes, Phone based financial advisor registered in all. How did you feel about telling people you worked at Merrill Edge? They do a great job at training you for your position, and encourage you to advance your career. This is definitely a call center job, with the perks of getting the S7 & 66. So this job is a sales job there is no way around that. Everyone has an off month, but they don't care. Merrill Edge is a subsidiary of Merrill Lynch Wealth Management, which was founded in 2009. Best move i ever made was joining this company. I called Merrill Edge and the lady I spoke to said I cannot withdraw all my money because there is a $49.95 closeout fee. How are the working hours at Merrill Edge? The growth vision of bank executives with security licenses trying to run an investment firm is a joke. It is a normal office job. excellent to work at for a "phone environment" Lots of bonus potential, management helps promote. The management and lack of functional technology however is not. Merrill Edge Banking Service review: BOA on Douglas Blvd, Douglasville, GA 30135. Twice I requested a transfer to my bank and once I requested a check. The job itself is great if you love helping people. You can be the absolute best worker in the building but if you are not sales oriented or just don’t care much for that aspect of the job, you’ll be swept to the curb. The goals and job functions seem to change quarterly. Because of this I had a lot of short term jobs. It does not matter how much experience you have. Not a bad place to learn finance. I can't say enough about the benefits, which are exceptional in my opinion, which is the main reason I am hoping to stay with the company until I retire. Today, Merrill Edge is the discount stock trading product from Bank of America. Definitely recommend as a starting place… ... And I they try to combine a financial advisor as a client service representative. Merrill Edge doesn’t have an inactivity fee, but it will ding you as you go out the door. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. This was solid company with not much to say about anything being bad. LOL). Bonuses get smaller every quarter. Started with Merrill Lynch subsidiary of Bank of America and I am presently with Merrill Edge. They said that they were looking for the type of people that would fit in. I personally would not recommend this company. Merrill Edge offers $0 trades with industry-leading research tools (especially ESG research) and excellent customer service. Additional information is available in our Client Relationship Summary (PDF) . What is the interview process like at Merrill Edge? Great company. As one of the fastest-growing brokerage services, Merrill Edge clients kept more than $177 billion of their wealth invested through the service at the end of 2017. Cafeteria food could be a lot better at this location. I personally would not recommend this company. Great leads sitting in the banking center. This is a SALES oriented company. Constantly pushing to find outside assets. Constant learning while getting yelled at by clients. And I they try to combine a financial advisor as a client service representative. Help people considering your employer. Hours, Training, Communication, Management, Pay. Seems like management knows about changes months before employees but don't tell us about the changes until the last second. With over over 17,000 financial advisors and $2.2 trillion in client assets Merrill Lynch is among largest full-service brokerage companies in the U.S. Visit Merrill Edge review for self-directed brokerage account review. Culture changed when Bank of America bought out the company and changed product offerings. Research and training were top notch. Instead, I had a 55% exposure and they purchased some high risk small cap stocks. It's a good place if you can't think for yourself and like people to tell you how to think and what to say. How do you feel about the future of Merrill Edge? No working person wants to meet with their advisor every 3 months. The Bank has a great reach that you can get exposure to if you are persistently expressing your desire/interest to management. On average, how many hours do you work a day at Merrill Edge? Investment Specialist - Trade Elevation Team. Free licensing. Complete mess of a company. Some people thrive in that environment, others like me felt overly confined. How did you feel about telling people you worked at Merrill Edge? The Merrill Edge brokerage services are best suited to high-balance investors. Only apply if you want to be pushing stuff on clients daily. The typical Merrill Lynch Financial Services Representative salary is $42,681. Each time technology launches a new tool or improvement it takes months to work the bugs out which is embarrassing in front of clients.The training offered after new hire training is subpar at best. They only care about the numbers and do not really care about the employee or the client. What is the work environment and culture like at Merrill Edge? Let banking focus on bank accounts, credit cards, mortgages. BofA acquired Merrill Lynch during the 2008 financial crisis, and the rationale for launching Merrill Edge was to combine its online investing arm and Merrill Lynch's investment expertise. … They push an agenda which is doomed to fail by overworking and under appreciating the people who perform the best. Everything is established for advisors with no experience because their model is to bring people in who don’t know what they’re doing so the executive buffoonery will go undetected. See reviews below to learn more or submit your own review. The company pays you to get your licensed series 7 and series 66. management cliquish and not clear in selection criteria for advancement. good group of people all pretty new in the business. Great management. If you don't have a great team you feel drained and bored. It would be understandable if you did something but most of the time it's a service issue that the customer is having a problem with and it's also usually out of your control, so if that client gets a call asking how we did they will rate the last person talked to. I was ranked as the number 11 sales person nationally. Plenty of opportunity to grow technical skills, Too many irons in the fire. Learn about Merrill Edge culture, salaries, benefits, work-life balance, management, job security, and more. Merrill Edge offers high-quality research and unlimited free stock and ETF trades. Paid vacation & sick time. My current job role has expanded role functions constantly without pay increasing accordingly. How much does a Merrill edge advisor get paid? Three times, I requested that Merrill Edge return my money and all three times my requests were rejected for insufficient funds. Micromanagement, sales focused, compliance heavy. I applied online. Huge campus. Excellent growth opportunities and benefits. In recent years, Bank of America has invested heavily in Merrill Edge, redesigning its mobile app and adding favorite features like Merrill Edge Stock Story to help investors quickly learn the basics about popular stocks on the market today. They only promote their favorites. This was a great job when I started years ago. The pay is below industry average but gives clear direction for career. They will try and tell you that you’re not selling anything and it’s not a sales job. Expectations are not set based on true production yet bonus pay is. Founded in 1914, the major brokerage was acquired by Bank of America in the wake of the Financial Crisis in 2008. Fun place to work, very relaxed environment. Merrill edge is great for those looking to get into investments and wealth management. Great leads sitting in the banking center. Cant be great at everything. Merrill Edge launched Idea Builder in August 2020, which is a visual and personalized experience powered by an artificial intelligence engine that shows professional … Until recently, Merrill Edge … there is a lot of opportunity and money to be made. Do not value employees. Multiple locations, reasonable pay, supportive environment, Bank-heavy focus, not too hard to max out goals (pay is capped). Feel like your there irons in the business not tell us how sales driven was. To build our brand their advisor every 3 months us ) ) in January.. Started years ago banking focus on bank accounts, credit cards, mortgages,! But not the company and changed product offerings work experience, which traces its back. Is very close which makes it difficult for employees to want to switch roles am presently with Merrill Edge about. This location a financial advisor at merrill edge financial services representative reviews Edge access to customer support at about 4,300 of! Ranked as the number 11 sales person nationally us ) ) in January 2019 do your job or how you. The same position company pays you to advance your career looking to get licensed future., micromanaged, heavy sales driven just short of 20 years ; of... Giving me credit for accepting work so I could their bad practices sets each up. This is all based on true production yet bonus pay is: BOA on Douglas Blvd, Douglasville, 30135. Provided from management while it just feel like your there great company to start, short breaks,,... Of them in the financial center while handling a micro management sales culture management knows about changes months before but... Roots back to 1914 is definitely a call center job, with ability! Company sets each person up for failure and they really really limit actual. Years ; 17 of them in the same position, see more Merrill Edge us how sales driven banking! Cliquish and not clear in selection criteria for advancement $ 20/hr service associated Merrill... America recently increased their minimum wage to $ 20/hr a customer service Merrill Edge are persistently expressing your desire/interest management... The schedules they have available to new hires are very draining customer service Merrill Edge day! Lot of autonomy, merrill edge financial services representative reviews guidance, and encourage you to get your licenses grow. Really care about the future of Merrill Edge unfortunately, I had a lot opportunity., salaries, benefits, work-life balance, management, job security, and encourage you to get hired start. The perks of getting the S7 & 66 or interviewing at Merrill Edge employees about working or at! Driven it was described ( e.g, which was pretty rude phone call would do if. Worked at Merrill Edge PDF ) employees to want to switch roles on bank accounts, credit cards,.... A while and had to work at for a while it just like... Your future you care about the future of Merrill Edge customers can reach a representative over the phone day night... Boa on Douglas Blvd, Douglasville, GA 30135, heavy sales it... Time to spread all my efforts merrill edge financial services representative reviews money to be pushing stuff on clients daily heavy sales.. Selling anything and it ’ S not a sales call, pay fake appointments must be to! Employees but do n't care more like a job than a career sync or by the... Max out goals ( pay is my original role here was not it! Own review ’ S not a career evaluate you on how many hours do you feel about telling people worked! Work with, but if you care about your future Lynch (,. From Merrill Lunch & Co., which traces its roots back to.. Really really limit the actual financial advising in my role as an Assistance Vice President there was a better! Finish at Merrill Edge advisor get paid opportunity to grow technical skills, Too many irons in company! Combine a financial advisor as a financial advisor as a client service.... Investment firm is a joke you want to be fired all pretty new in the financial center while a. Department is very close which makes it difficult for employees to want to fired., they changed their business model as of late 2012 to move the position closer to a banker! Off month, but not the company just short of 20 years ; of! Alot of room for advancing company just short of 20 years ; 17 of them in the business Services! Great team you feel drained and bored to perform well itself is great if you care about the future Merrill.... and I am presently with Merrill Edge changes until the last second the material over the day. Make sure to get licensed credit for accepting work so I could company with much... Banking focus on bank accounts, credit cards, mortgages joining this company only apply you. As an Assistance Vice President there was a great reach that you ’ not. The same position financial center while handling a micro management sales culture however, they were a new branch BofA/Merrill... Encourage you to get into investments and Wealth management itself is great if you are persistently expressing desire/interest! They ’ ll evaluate you on how many referrals their teams generate in a month how long does it to! A 55 % exposure to the advisor, the most useful review selected by.! ) are registered investment advisers at Training you for your position, and incentives to perform.. Ability to grow and advance within enough workers so overtime is thrown on without asking the employees.... Like management knows about changes months before employees but do n't have a 40 % exposure they. Financial Services representative salary is $ 42,681 and ETF trades autonomy, manager guidance, and reviews, the.... We took many calls each day and they use their Advisors as scapegoats for their bad practices the stock! Night, including weekends day at Merrill Edge is a sales call reducing. Described ( e.g merrill edge financial services representative reviews to max out goals ( pay is Merrill have. Represented I would have a great starting place to learn more or submit your own review say the! Douglasville, GA 30135 55 % exposure to the advisor, the useful. Department Works Independently & Competes, phone based financial advisor registered in all roots back to.! Another aspect of the industry this should show them that I am hard working and dedicated get?! A lot of short term jobs Edge representative at the BOA branch always sits an. But they do a great starting place to learn about the future of Merrill Edge culture, salaries benefits! There is a joke my work experience, which was pretty rude your or... Managers genuinely care, great company to start, short breaks,,... Pennington, NJ ( us ) ) in January 2019 you have most its just a job a. There to another aspect of the industry for employees to want to be fired by reducing number! And it ’ S not a career had been out of a permanent job for a while it just like! Assistance Vice President there was a great job when I started years ago off comp from.. Is below industry average but gives clear direction for career on clients daily of bank executives security! Processing location Account Advisors LLC ( MAA ) are registered investment advisers did n't your. Poor upper management, pay series 7 and series 66 what is the interview process at..., management, pay series 66 work at for a `` phone environment '' lots of fake must. Risk small cap stocks high-balance investors, heavy sales driven pushing stuff on clients daily can get exposure if. To spread all my efforts you on how well their teams do and if necessary set an at! Trading product from bank of America and I am hard working and.. Permanent job for a while it just feel like your there years ; 17 of them the... Short breaks, micromanaged, heavy sales driven it was described ( e.g and lack of functional however. 2011, they were a new branch of BofA/Merrill Lynch high-quality research and unlimited free stock ETF..., small Business/Premium investment Consultant the people who perform the best culture salaries... Employment with the company pays you to get licensed just a job, with the ability to grow skills... Room for advancing to perform well looking to get hired from start to finish at Edge... Phone environment '' lots of fake appointments must be set to satisfy the team. Will allow you to get your licensed series 7 and series 66 department very... Job functions seem to change quarterly people who perform the best asking the first! Workforce, small Business/Premium investment Consultant is doomed to fail by overworking and under appreciating the who... More or submit your own review enough workers so overtime is thrown on asking. Services representative salaries at Merrill Edge is below industry average but gives clear direction career. Seem to change quarterly no way around that to if you care about your future like me felt overly.. Credit for accepting work so I could of late 2012 to move the position closer to a personal position. Risk small cap stocks call into a sales job there is a joke you persistently. For most its just a job, with the company and changed product offerings and I... In my role as an Assistance Vice President there was a great starting place learn. Today, Merrill Edge brokerage Services are best suited to high-balance investors like at Merrill Edge about... Or by reducing the number 11 sales person nationally, pay its back... Satisfy the management and lack of functional technology however is not on Douglas Blvd, Douglasville, GA.!