Essay on Merrill Lynch Internship Experience - 1776 Words

This summer I was offered an internship for Merrill Lynch in my hometown of Towson, Maryland. For eight weeks, I worked five days a week for an average of thirty hours. There are numerous Merrill Lynch offices in the Baltimore and Washington D.C. area. Offices in Annapolis and Baltimore are greater in numbers and advisors. The Towson region only has about fifteen advisors and four client assistants. However, almost all of those advisors started their careers in Baltimore. The Towson office was for more established advisors who already have a distinguished client list. Because the office was much smaller, I was the only intern for the summer, which proved to have both its ups and downs. On one hand, being the only intern gave me†¦show more content†¦Each advisor gave me a positive rating on making the CRCs. However, there were a few instances where I did not correctly highlight the clients assets. For example, if a client had made a significant profit over the years , I was to create a CRC where the assets are numerical rather than in percentages, and vice versa if a client had lost money. Another task I performed was assisting two advisors on their new presentation to for perspective clients. I mostly worked on constructing a bullish support line for several of the clients. The bullish support line determines when there it is the right time to sell your stocks. It is very similar to work I had done in the past weeks with the point and figure analysis. To begin this work, I took a list of clients that had recently bought new shares of stock. Its true that the majority of the clients deal strictly with mutual funds or annuities, but there were numerous cases where clients decide to buy stocks. With the list of clients, I researched the stocks they had bought. Of course, there must be a buy signal, which the support line will indicate. 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