Registered Client Associate Salary

Average Registered Client Associates in the United States make around $48K per year. Geography is the biggest factor affecting pay for this group, followed by the company and years of experience. Job satisfaction is reported as high by the vast majority of workers. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a strong majority. Female Registered Client Associates make up most of the survey respondents at 72 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$39,195 - $61,820
$39K
$48K
$62K
MEDIAN: $47,647
10%
50%
90%

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$16.59 - $26.48
$17
$21
$26
MEDIAN: $21.25
10%
50%
90%

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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$25K$50K$75K
Salary
$39,195 - $61,820  
   
Bonus
$1,001 - $17,525  
Profit Sharing
$5,000  
Commission
$2,327 - $26,581  
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).
)
$38,887 - $73,811  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 185
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$17$34$51
Hourly Rate
$16.59 - $26.48  
   
Hourly Tips
$6.67  
Overtime
$0.00 - $49.40  
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$50K$100K$150K
Bonus
$1,001 - $17,525  
   
Commission
$2,327 - $26,581  
Profit Sharing
$5,000  
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).
)
$38,887 - $73,811  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 70

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Common Career Paths for Registered Client Associate


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Many Registered Client Associates move into a Registered Client Service Associate role, which does not lead to a big boost in pay. Registered Client Service Associates on average bring in a similar salary to Registered Client Associates.

Registered Client Associate Job Listings

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Popular Employer Salaries for Registered Client Associate


Well-known firms with a reputation for hiring numerous Registered Client Associates include Merrill Lynch & Co Inc, Wells Fargo Advisors Financial Network, LLC, Wells Fargo & Co., RBC Wealth Management, and Royal Bank of Canada. For Registered Client Associates, comfortable salaries can be found at Royal Bank of Canada; in fact, median earnings sit around $77K, the highest in the area.

Wells Fargo Advisors Financial Network, LLC offers the lowest pay, with a median salary of just $48K. The pay scale doesn't vary widely, either; compensation ranges from $37K to $69K.

Popular Skills for Registered Client Associate


Typical 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. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel. It is often found that people who know Client Interaction are also skilled in Microsoft Excel.

Pay by Experience Level for Registered Client Associate

Pay by Experience for a Registered Client Associate has a positive trend. An entry-level Registered Client Associate with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 121 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Registered Client Associate with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $57,000 based on 85 salaries. An experienced Registered Client Associate which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $54,000 based on 61 salaries. A Registered Client Associate with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $54,000 based on 28 salaries.

Pay Difference by Location

National Average: $52,077

Larger city markers indicate a job is popular in that location.

For those looking to make money, Registered Client Associates in Washington enjoy an exceptional pay rate, 53 percent above the national average. Registered Client Associates will also find cushy salaries in Los Angeles (+30 percent), San Francisco (+17 percent), Seattle (+17 percent), and Newport Beach (+6 percent). In Chicago, salaries are 11 percent below the national average and represent the lowest-paying market. Not at the bottom but still paying below the median are employers in Miami and Atlanta (6 percent lower and 4 percent lower, respectively).

Related Job Salaries

Key Stats for Registered Client Associate

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
28%
10-19 years
20%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Registered Client Associate Salaries

▲10%

▲4%

▲4%

National Average
$52,000

▼10%

Skills That Affect Registered Client Associate Salaries


National Average
$52,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
28%
10-19 years
20%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 80%
vision benefits
Vision: 74%
no benefits
None: 11%