Registered Client Associate Salary

Registered Client Associates in the United States can expect wages of $46K annually on average. With bonuses occasionally running north of $13K, profit sharing proceeds sometimes surpassing $20K, and a few commissions as high as $21K, total income for Registered Client Associates can range between $37K and $66K according to individual performance. Location is the main element affecting pay for this group — the specific employer and experience level are driving factors as well. Job satisfaction for Registered Client Associates is high. Men are in the minority of survey respondents, with female Registered Client Associates making up 76 percent. Medical benefits are awarded to most, and a strong majority earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$36,030 - $59,093
(Median)
$36K
$46K
$59K
MEDIAN: $45,561
10%
50%
90%

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$14.96 - $24.78
(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
$36,030 - $59,093  
   
Bonus
$980 - $12,671  
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).
)
$36,891 - $66,328  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 268
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
$14.96 - $24.78  
   
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
$980 - $12,671  
   
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).
)
$36,891 - $66,328  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 73
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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


Known for taking on a considerable number of Registered Client Associates, Merrill Lynch & Co Inc, Wells Fargo Advisors Financial Network, LLC, RBC Wealth Management, Wells Fargo & Co., and Morgan Stanley are leading firms in the industry. Morgan Stanley offers the highest compensation with a median salary of $58K.

Pay for Registered Client Associates is the lowest at Wells Fargo & Co., which has a median salary of $46K. In addition, there's little room to grow there, with salaries maxing out at $61K.

Popular Skills for Registered Client Associate


Survey takers who work as Registered Client Associates report a focused set of job skills. Those who have experience with Client Interaction, Customer Service, and Microsoft Excel can expect to be compensated well for these skills. At the other end of the pay range are skills like 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 for the relatively untried average out to around $45K, but survey participants with five to 10 years of experience earn a significantly higher median of $51K. People with 10 to 20 years of experience make an average of about $55K in this role. Registered Client Associates who claim more than two decades of experience actually make somewhat smaller average paychecks of $53K.

Pay Difference by Location


For Registered Client Associates, busy New York offers a higher-than-average pay rate, 24 percent above the national average. Registered Client Associates will also find cushy salaries in San Francisco (+21 percent) and Los Angeles (+1 percent). Trailing the national average by 4 percent, Atlanta is the market with the smallest paychecks.

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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 2%

Customer Service
up arrow 1%

National Average
$50,000

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
33%
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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