Registered Client Associate Salary
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.Read More...
Qualifications for registered client associate positions typically include an associate's degree in a business- or finance-related field, though a bachelor's degree is often preferred. Two or more years of clerical or banking experience and Series 7 and Series 63 licenses are also needed, though some states or institutions may seek applicants with Series 65 or 66 licenses in place of or in addition to the standard Series 7 and Series 63 licenses. The skills needed for registered client associates include the ability to multitask, excellent customer service skills, the ability to work independently in an office environment, proficiency with basic computer programs such as the Microsoft Office suite, good written and verbal communication skills, and a solid understanding of investment and banking concepts.
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
Popular Skills for Registered Client Associate
Registered Client Associates report a focused set of job skills. Those who have experience with Customer Service, Client Interaction, and Microsoft Excel can expect to be compensated well for these skills. Most people experienced in 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 $46K on average, people with five to 10 years benefit from a notably larger average of $55K. On average, Registered Client Associates make $54K following one to two decades on the job. Registered Client Associates who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.
Pay Difference by Location
Registered Client Associates will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 17 percent. Registered Client Associates will also find cushy salaries in New York (+8 percent) and Newport Beach (+7 percent). Falling short of the national average by 9 percent, the area with the worst salaries is Chicago. Two other places where employers offer below-median salaries are Miami (4 percent less) and Atlanta (2 percent less).