Merrill Edge

  www.merrilledge.com
  www.merrilledge.com

Merrill Edge Reviews

Updated October 22, 2014
Updated October 22, 2014
60 Reviews
2.9
60 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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David Darnell
27 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 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
  2.  

    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
  3.  

    Investment specialist

    • 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

    Really great people and Co workers

    Cons

    The stress of passing your series 7 test

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5. 1 person found this helpful  

    Good entry level advisor role

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Field FSA in Boston, MA
    Current Employee - Field FSA in Boston, MA

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

    Pros

    Strong base salary and basic investment sales skills. Experienced leaders who can provide advice.

    Cons

    Banking responsibilities for no additional upside.

    Advice to ManagementAdvice

    Focus on relationship building not pitching bank products.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Solid Company

    Current Employee - Field FSA
    Current Employee - Field FSA

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

    Pros

    Good salary and incentive comp. Strong investment process an products

    Cons

    Spend too much time accounting for and documenting your efforts to receive incentive comp.

    Advice to ManagementAdvice

    Overhaul the contact management system.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Idiot market sales managers - specifically greater Boston area

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Field FSA in Watertown, MA
    Current Employee - Field FSA in Watertown, MA

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

    Pros

    Salary, benefits, work/life balance, lots of client opportunities.

    Cons

    Incompetence, constant changes, asked to do too many things that aren't important.

    Advice to ManagementAdvice

    Have FSA's have a say in who they'd like to manage them.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8.  

    Great Direct Entry Level Job Starter

    • 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

    Great Investment Sales Process and training

    Cons

    too many responsibilities and faulty tech

  9. 2 people found this helpful  

    God awful!

    • 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 (more than an year)

    Pros

    The product offering to customers/clients ate decent at a low cost office point. Self direct platform is nice for the do it yourselfers and the Merrill Edge select portfolios provides decent active management at low Cost 1% fee. Being inside the bank allows you to meet more prospects but at a cost.

    Cons

    The worst management and production tracking system I have encountered in this industry. You have these young call center boiler room drop out advisors working in management that look more like they should be working on the street corner than in the financial service industry tell you what to do. I came from wealth management and the culture is completely different. I was sold on the opportunity to find more warm prospects from the bank to move to wealth management and instead found myself working with people that gathering have two pennies to their name or are insanely risk adverse. Nothing you do on the edge side gets tracked properly toward your goals either, constantly having to fight to get credit. In addition to it your a glorified banker as someone else put it so well. Your basically doing three jobs for one low pay. They need a major overhaul of the system, culture and process. You would be better off having your freedom and cold calling Building a practice you want than going through this.

    Advice to ManagementAdvice

    Get your head out of your behind, stop ignoring and fix the issues. Stop painting a prefect picture of potential with national stats that don't mean anything for advisors to move over and be honest about the challenges.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    No Leadership

    • 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 (less than an year)

    Pros

    - Decent base rate for a commission based position
    - 4 months paid training if unlicensed
    - Good introduction to an Investment Career

    Cons

    - No leadership. Most managers are just good salesmen - not leaders or teachers. Ask a question and get told to just check with your neighbor and see how he does it...
    - No clear direction on where the business is headed for employees
    - Really really high turnover

    Advice to ManagementAdvice

    Promote leaders who have a desire to lead and teach

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    A job for those with a cold side.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Specialist in Chandler, AZ
    Former Employee - Investment Specialist in Chandler, AZ

    I worked at Merrill Edge full-time (more than an year)

    Pros

    Office culture was fantastic, people are great to work with and management is always there for there employees personal needs

    Cons

    Transactional company looking to nickel and dime their customers. A good short term business plan but will struggle to maintain longterm relationships with clients.

    Advice to ManagementAdvice

    In order to run a long and successful business it starts with trust. Current policies limit ability to make case by case decisions (ex. waive fees) to maintain client trust. People want to do business with their friends, and with that said current policies make that near impossible. To nickel and dime your customers is a mere slap in the face in a line business that requires ultimate trust to handle a customers hard earned savings.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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