Registered Client Associate Salary

The average Registered Client Associate in the United States earns approximately $45K per year. In the world of Registered Client Associates, overall income ranges from $36K near the bottom to $66K at the top; this can include more than $12K from bonuses and more than $20K from profit sharing in exceptional cases. Location is the biggest factor affecting pay for this group, followed by the company and years of experience. Female Registered Client Associates make up most of the survey respondents at 76 percent. Most Registered Client Associates like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.
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$35,602 - $58,962
(Median)
$36K
$45K
$59K
MEDIAN: $45,369
10%
50%
90%

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$14.93 - $24.83
(Median)
$15
$19
$25
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$23K$46K$69K
Salary
$35,602 - $58,962  
   
Bonus
$977 - $12,281  
Profit Sharing
$506 - $20,000  
Commission
$2,475 - $21,489  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,491 - $66,273  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 269
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$14.93 - $24.83  
   
Overtime
$23.27 - $39.45  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$977 - $12,281  
   
Commission
$2,475 - $21,489  
Profit Sharing
$506 - $20,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,491 - $66,273  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 71
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Job Description for Registered Client Associate

A registered client associate holds a banking and investment sales and support position, offering information and assistance to subordinate financial advisers to help acquire new client investment portfolios and accounts. The tasks performed by registered client associate positions include sharing sales knowledge with customers and associates, supporting the administrative tasks of subordinate financial advisers, maintaining client account information, and lending assistance to subordinate financial advisers for special projects and urgent account tasks. They are also responsible for interacting with customers and associates in person, on the phone, and via e-mail, as well as opening new customer accounts and establishing new customer portfolios. Registered client associates also provide support for existing customer accounts and portfolios, as well as generate reports and data for accounts and portfolios.

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Registered Client Associate Tasks

  • Collect appropriate documentation to set up new accounts.
  • Educate clients on account services and capabilities.
  • Leverage various communication channels to keep in touch with clients.
  • Provide sales support to financial advisors.
  • Process account service requests and ensure appropriate documentation.

Registered Client Associate Job Listings

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Popular Employer Salaries for Registered Client Associate


Merrill Lynch & Co Inc, Wells Fargo Advisors Financial Network, LLC, RBC Wealth Management, Wells Fargo & Co., and Morgan Stanley are among the top companies that take on many Registered Client Associates. Morgan Stanley attracts talent by shelling out the biggest paychecks in the area — the median in that office is $58K.

Employees at Wells Fargo & Co. take home the smallest paychecks, and $46K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $36K and quickly nearing the top at only $61K.

Popular Skills for Registered Client Associate


Registered Client Associates note just a narrow range of job skills. Those who have experience with Client Interaction, Customer Service, and Microsoft Excel can expect to be compensated well for these skills. Skills that pay less than market rate include Microsoft Excel. The majority of those who know Client Interaction also know Microsoft Excel.

Pay by Experience Level for Registered Client Associate

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Although individuals who have less than five years' experience earn $45K on average, people with five to 10 years benefit from a notably larger average of $51K. Registered Client Associates see a median salary of $54K after reaching one to two decades on the job. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $53K.

Pay Difference by Location


With a pay rate for Registered Client Associates that is 25 percent greater than the national average, New York offers a comfortable salary for those in this profession. Registered Client Associates will also find cushy salaries in San Francisco (+21 percent) and Los Angeles (+1 percent). Trailing the national average by 3 percent, Atlanta is the market with the smallest paychecks.

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Experience Affects Registered Client Associate Salaries




National Average
$49,000


Skills That Affect Registered Client Associate Salaries

Client Interaction
up arrow 2%

Customer Service
up arrow 1%

National Average
$49,000

Microsoft Excel
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 78 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
4%
1-4 years
34%
5-9 years
26%
10-19 years
22%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 77%
vision benefits Vision: 70% employee benefits None: 13%
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