Registered Client Associate Salary

For Registered Client Associates, annual average wages total $46K per year. In the world of Registered Client Associates, total cash compensation ranges from $37K on the lower end to $66K on the higher end; this includes bonuses that reach $14K and profit sharing that approaches $20K in rare cases, with some high rollers snagging commissions as high as $21K. The most important factor affecting compensation for this group is residence, followed by the company and tenure. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a strong majority. Job satisfaction is high and work is enjoyable for most Registered Client Associates. Most Registered Client Associates survey respondents are women (76 percent). The information for this snapshot was generated by responses to the PayScale salary survey.
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$36,044 - $59,114

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$15.00 - $24.73

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$36,044 - $59,114  
   
Bonus
$980 - $14,000  
Profit Sharing
$515 - $20,134  
Commission
$2,483 - $21,323  
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).
)
$36,929 - $66,412  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 269
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$15.00 - $24.73  
   
Overtime
$23.19 - $39.73  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$980 - $14,000  
   
Commission
$2,483 - $21,323  
Profit Sharing
$515 - $20,134  
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).
)
$36,929 - $66,412  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 75
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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


Leading companies who hire large numbers of Registered Client Associates include Merrill Lynch & Co Inc, Wells Fargo Advisors Financial Network, LLC, RBC Wealth Management, Wells Fargo & Co., and Morgan Stanley. Morgan Stanley attracts talent by shelling out the biggest paychecks in the area — the median in that office is $58K.

Not only do salaries lack room to grow — pay ranges from $39K to just $62K — but Wells Fargo & Co. offers the lowest pay in town to boot, with a median paycheck of $46K.

Popular Skills for Registered Client Associate


Just a handful of professional skills are reported by Registered Client Associates who took the survey. Those who have experience with Client Interaction, Customer Service, and Microsoft Excel can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel. Most people skilled in Client Interaction are similarly competent in Microsoft Excel.

Pay by Experience Level for Registered Client Associate

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


Salaries of relatively inexperienced workers fall in the neighborhood of $45K, but folks who have racked up five to 10 years see a notably higher median of $52K. Registered Client Associates who work for 10 to 20 years in their occupation tend to earn about $55K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $53K.

Pay Difference by Location


With a pay rate for Registered Client Associates that is 23 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). In Atlanta, salaries are 4 percent below the national average and represent the lowest-paying market.

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Experience Affects Registered Client Associate Salaries




National Average
$50,000


Skills That Affect Registered Client Associate Salaries

Client Interaction
up arrow 3%

Customer Service
up arrow 1%

National Average
$50,000

Microsoft Excel
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 77 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
27%
10-19 years
22%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 78%
vision benefits Vision: 70% employee benefits None: 12%
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