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Registered Client Associate Salary

Registered Client Associates in the United States pull down an average of $45K annually. Total cash incomes of Registered Client Associates run from $36K to $66K, depending on bonuses that can occasionally exceed $12K, profit sharing that reaches $20K, and some commissions of nearly $19K. While the specific employer and years of experience impact pay for this group, geographic location is the most influential factor. Job satisfaction is reported as high by the vast majority of workers. Men are in the minority of survey respondents, with female Registered Client Associates making up 75 percent. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$35,269 - $58,586
(Median)
$35K
$45K
$59K
MEDIAN: $44,928
10%
50%
90%

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$14.80 - $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$22K$44K$66K
Salary
$35,269 - $58,586  
   
Bonus
$979 - $12,184  
Profit Sharing
$506 - $20,000  
Commission
$2,466 - $19,158  
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).
)
$36,201 - $65,701  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 271
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
$14.80 - $24.83  
   
Overtime
$23.36 - $39.19  
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
$979 - $12,184  
   
Commission
$2,466 - $19,158  
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).
)
$36,201 - $65,701  
Country: United States | Currency: USD | Updated: 16 May 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 top-notch employers for Registered Client Associates in this area. Heading up the field in terms of compensation, Morgan Stanley offers the most; Registered Client Associates earn $58K on average there.

With a median salary of $46K, Wells Fargo & Co. provides Registered Client Associates with the lowest pay in their field; moreover, earnings are capped at only $61K, limiting employee salary growth.

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. Skills that pay less than market rate include Microsoft Excel. For most people, competency in Client Interaction indicates knowledge of Microsoft Excel.

Pay by Experience Level for Registered Client Associate

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


The average worker who claims fewer than five years of experience earns around $45K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $51K. People with 10 to 20 years of experience make an average of about $53K in this role. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Pay Difference by Location


For Registered Client Associates, busy New York offers a higher-than-average pay rate, 25 percent above the national average. Registered Client Associates will also find cushy salaries in San Francisco (+22 percent) and Los Angeles (+2 percent). The smallest paychecks in the market, 3 percent south of the national average, can be found in Atlanta.

Related Job Salaries

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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 3%

Customer Service
up arrow 1%

National Average
$49,000

Microsoft Excel
up arrow 3%

Job Satisfaction

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

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
3%
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: 76%
vision benefits Vision: 70% employee benefits None: 13%
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