LOL). Micromanagement, sales focused, compliance heavy. On average, how many hours do you work a day at Merrill Edge? And there is a quota might I add. 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. Our community is ready to answer. Merrill Edge doesn’t have an inactivity fee, but it will ding you as you go out the door. Excellent growth opportunities and benefits. 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. Career path, managers genuinely care, great company to start, Short breaks, micromanaged, heavy sales driven. Everyone has an off month, but they don't care. How often do raises occur at Merrill Edge? Company actively tries to rip off comp from employees. Been there … What is the interview process like at Merrill Edge? 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. Merrill Edge offers $0 trades with industry-leading research tools (especially ESG research) and excellent customer service. Ask a question about working or interviewing at Merrill Edge. 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. How are the working hours at Merrill Edge? Not a bad place to learn finance. Multiple locations, reasonable pay, supportive environment, Bank-heavy focus, not too hard to max out goals (pay is capped). Also the compensation when recruited was not true. What are the steps along th…. However, they changed their business model as of late 2012 to move the position closer to a personal banker position. My original role here was not as it was described (e.g. I can say that the only thing that was bothersome was the structure changes for management. Changes were focused on the self directed space and were positive, however, the changes made to the solutions in the advisory (not Merrill Lynch Wealth Management) space were designed in a way that reduced the value and importance of the Financial Advisor. 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. Only apply if you want to be pushing stuff on clients daily. It has gone downhill and gets worse every year. This estimate is based upon 47 Merrill Lynch Financial Services Representative … Final Thoughts: Merrill Edge Review. Meeting goal is unacceptable. Interview. The job itself is great if you love helping people. How long does it take to get hired from start to finish at Merrill Edge? All customer reviews are handled by the BBB where the company is Headquartered or a central customer review processing location. You will be helping clients in the financial center while handling a micro management sales culture. Plenty of opportunity to grow technical skills, Too many irons in the fire. Great leads sitting in the banking center. This should show them that I am hard working and dedicated. Could greatly improve working conditions if systems worked in sync or by reducing the number of systems used to accomplished expected tasks. 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. The growth vision of bank executives with security licenses trying to run an investment firm is a joke. For most its just a job, not a career. I had been out of a permanent job for a while and had to work whatever temp jobs that I could. Your entire day is scheduled for you. Merrill edge is great for those looking to get into investments and wealth management. The pay is below industry average but gives clear direction for career. The growth vision of bank executives with security licenses trying to run an investment firm is a joke. good group of people all pretty new in the business. But the schedules they have available to new hires are very draining. It's like going to "day jail." The pay is decent and there seems to be alot of room for advancing. And I they try to combine a financial advisor as a client service representative. More responsibility, same pay. I enjoyed 3 years there in different positions. Nobody in the company knows what they are doing. Because of this I had a lot of short term jobs. Micromanagement, sales focused, compliance heavy. The kind of appointment beneficial to the advisor, the client and Merrill. What is the interview process like at Merrill Edge? Cafeteria food could be a lot better at this location. Merrill Edge is a self-directed trading solution offering zero-commission trades on stocks, options, and ETFs, and advanced trading features. Merrill Edge: Get up to $600 when you open a new Merrill Edge account with at least $20,000. Learn about Merrill Edge culture, salaries, benefits, work-life balance, management, job security, and more. I personally would not recommend this company. Best move i ever made was joining this company. Investopedia rates online brokers based on 12 key categories and 103 … That investment has paid off, with Merrill Edge earning a spot on our coveted bes… 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. your basically part of an assembly line. Had plenty of investment money, but not enough time to spread all my efforts, Call center job with high call volume and barely any breaks, Exceptional Benefits and Great Work Environment. The job itself is great if you love helping people. A licensed Merrill Financial Solutions Advisor can help you pursue your financial goals and plan for what matters most to you. Founded in 1914, the major brokerage was acquired by Bank of America in the wake of the Financial Crisis in 2008. The management team was supportive but lack ability. ... And I they try to combine a financial advisor as a client service representative. You will love who you work with, but not the company. This was solid company with not much to say about anything being bad. Focus of company changes monthly. Let banking focus on bank accounts, credit cards, mortgages. They only care about the numbers and do not really care about the employee or the client. Additional information is available in our Client Relationship Summary (PDF) . This is definitely a call center job, with the perks of getting the S7 & 66. But then they’ll evaluate you on how many “referrals” you can generate in a month. 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. How much does a Merrill edge advisor get paid? Plus, Merrill clients have access to customer support at about 4,300 Bank of America locations. Many different and diverse roles. Merrill Edge offer a fair industry price among their competitors, and Bank of America customers can easily begin trading from their … The company pays you to get your licensed series 7 and series 66. What is the work environment and culture like at Merrill Edge? Nevertheless, it performed satisfactorily in most categories, something that not all brokers … Very sad. Some people thrive in that environment, others like me felt overly confined. 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. Until recently, Merrill Edge … The job is basically turning a customer service call into a sales call. They were all young and almost all minorities. A phone call would do and if necessary set an appointment at that time. Today, Merrill Edge is the discount stock trading product from Bank of America. The management and lack of functional technology however is not. Reviews from Merrill Edge employees about working as a Financial Advisor at Merrill Edge. excellent to work at for a "phone environment" Lots of bonus potential, management helps promote. They completely did not tell us how sales driven it was and after a while it just feel like your there. How do you feel about the future of Merrill Edge? You can obtain employment with the company almost anywhere in the U.S and internationally. (That's all I have. 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. On average, how many hours do you work a day at Merrill Edge? Merrill Edge … The campus is very warm and friendly. … The firm requires a $20,000 minimum investment, and it comes with a 0.85% annual … 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. 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. 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 … I personally would not recommend this company. 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. The kind of appointment beneficial to the advisor, the client and Merrill. So please do yourself a favor and don’t apply if you don’t want to be pushing stuff all day, every day. Not enough workers so overtime is thrown on without asking the employees first. 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. Had plenty of investment money, but not enough time to spread all my efforts. My current job role has expanded role functions constantly without pay increasing accordingly. Meet your local Merrill Financial Solutions Advisor on the phone or at a Bank of America financial … Merrill, formerly Merrill Lynch, is a financial advisory company that works with consumers to create wealth … 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. A phone call would do and if necessary set an appointment at that time. Merrill, its affiliates, and financial … Merrill Edge is the online investment platform of Bank of America Merrill Lynch, a financial services industry heavyweight. Research and training were top notch. Share your experience. Do not value employees. The pay was great, but if you didn't meet your metrics you were threatened to be fired. Bonuses get smaller every quarter. They will try and tell you that you’re not selling anything and it’s not a sales job. 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