Merrill Edge

  www.merrilledge.com
  www.merrilledge.com

Merrill Edge Reviews

Updated December 15, 2014
Updated December 15, 2014
69 Reviews
3.1
69 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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David Darnell
29 Ratings

Review Highlights

Pros
  • I met a lot of great people while working here (in 6 reviews)

  • Good benefits that's all, some of the lower management does try (in 5 reviews)


Cons
  • The place stinks, the company does not care about you all they care about is the call center metrics (in 9 reviews)

  • Merrill Edge asked that you memorize a script to use with each and every client (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great opportunity for Sales oriented and driven individuals.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Sales
    Current Employee - Investment Sales

    I have been working at Merrill Edge

    Pros

    Good income potential if you hit your goals.

    Cons

    Goals change on a consistent basis like any sales job to keep employee within budgeted income plan regardless of production.

    Recommends
    Positive Outlook
  2.  

    Excellent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Fsa in Jacksonville, FL
    Current Employee - Senior Fsa in Jacksonville, FL

    I have been working at Merrill Edge full-time (more than 10 years)

    Pros

    Non commissioned and ability to advise

    Cons

    Call center and poorly aligned comp plan

    Doesn't Recommend
    Positive Outlook
  3.  

    FSA New York,NY

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Edge full-time

    Pros

    Very efficient process from start to finish. A later after my interview I received my offer.

    Cons

    I have no cons. This is a good company judging by their hiring process.

    Recommends
    Positive Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great experience during interview process from starting with recruiter to the offer.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Merrill Edge full-time (less than an year)

    Pros

    Very efficient process. Offer was received within a week.

    Cons

    None. Was very pleased with all team members I had met.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Financial Solutions Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Solutions Advisor Core I in Chandler, AZ
    Current Employee - Financial Solutions Advisor Core I in Chandler, AZ

    I have been working at Merrill Edge full-time (less than an year)

    Pros

    Good place to start finance career
    Built in leads through Bank of America and Merrill Lynch
    Paid time to study for Series 7 and 66
    Good benefits

    Cons

    High turnover
    Only care about numbers
    Systems are poor

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Great stepping stone and experience, but no place to build a career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Solutions Advisor in Chandler, AZ
    Current Employee - Financial Solutions Advisor in Chandler, AZ

    I have been working at Merrill Edge full-time (more than an year)

    Pros

    Decent training and material. Managers are available. Generally positive people we work with.

    Cons

    Leads are garbage unless you are in premier. Managers while available, often have very limited experience. Too much turn-over. Too many service calls from clients that ought to be handled by the appropriate department.

    Advice to ManagementAdvice

    Increase salaries to retain people. Stop hiring incompetent people and promoting them to manager just because they can pass the Series 9/10. A person managing with 1 year of investment experience is not adequate.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Great overall experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Solutions Advisor in Brooklyn, NY
    Current Employee - Financial Solutions Advisor in Brooklyn, NY

    I have been working at Merrill Edge full-time (more than an year)

    Pros

    Standard company benefits. If you have a good relationship with the branch you can see around $80k per year. If you meet your numbers, managers generally won't bother you. Had great managers and wonderful colleagues. Don't have to prospect.

    Cons

    Terrible systems. Very little support for investment products. Don't always get paid for accounts you open/trades you place and no support desk to talk to. Have to work 2 Saturdays a month. Compliance is a nightmare. Takes between 3 days and a week to get any account open/approved and can't fund it until the following day after it is approved.

    Advice to ManagementAdvice

    Please stop making FSAs challenge for accounts they open.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Great place to start an ivenstment career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Pennington, NJ
    Current Employee - Anonymous Employee in Pennington, NJ

    I have been working at Merrill Edge full-time (more than an year)

    Pros

    People are great, they take the time to ramp up new advisors.

    Cons

    As with any relatively new product, it takes time to get things right.

    Advice to ManagementAdvice

    Keep up the good work with the new hire program.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Still finding self as a program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Solutions Advisor in Los Angeles, CA
    Current Employee - Financial Solutions Advisor in Los Angeles, CA

    I have been working at Merrill Edge full-time (more than 3 years)

    Pros

    Great market resources through Merrill Lynch Research.
    Knowledgeable peers with strong backgrounds.
    Ideal for clients who don't want to pay high commissions compared to a traditional advisor.
    Management actively listens to associate concerns and implements throughout the program.
    Ideal work/life balance.

    Cons

    Comp plan keeps changing every quarter.
    No book of business.
    Bank of America as a company does not do a good job in inculcating the culture across the company.

    Advice to ManagementAdvice

    The role is trying to do to much in banking and investments. The company doesn't seem to quite figure out where to focus. Since the FSA is probably the most knowledgeable body in the center, he/she is expected to do too much in banking leading to non-qualifty interaction. I recommend for management to improve training of other bank employees such as bankers/tellers and managers.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Ok company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Merrill Edge

    Pros

    Opportunities to move up quickly

    Cons

    Commission and the investment products are not top notch

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