Registered Client Associate Salary

Registered Client Associates in the United States can expect to earn an average of $48K annually. The most influential factor affecting pay for this group is residence, though the specific employer and tenure have a (lesser) impact as well. Most Registered Client Associates report high levels of job satisfaction. Most Registered Client Associates survey respondents are women (74 percent). Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. Respondents to the PayScale salary survey provided the data for this report.
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$38,883 - $61,499
$39K
$48K
$61K
MEDIAN: $48,140
10%
50%
90%

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$15.40 - $26.17
$15
$21
$26
MEDIAN: $20.62
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
$38,883 - $61,499  
   
Bonus
$1,017 - $16,857  
Profit Sharing
$4,991  
Commission
$2,349 - $26,511  
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).
)
$37,891 - $73,682  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 202
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
$15.40 - $26.17  
   
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
$1,017 - $16,857  
   
Commission
$2,349 - $26,511  
Profit Sharing
$4,991  
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).
)
$37,891 - $73,682  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 65

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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For Registered Client Associates, career advancements do not tend to correlate with a rise in salary. On average, lower-level Registered Client Associates earn similar salaries to those in higher-end positions like Registered Client Service Associate.

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, Wells Fargo & Co., RBC Wealth Management, and Royal Bank of Canada are all popular places to work. Registered Client Associates flock to Royal Bank of Canada for generous paychecks, where average earnings of $77K lead the pack in compensation.

Wells Fargo Advisors Financial Network, LLC is infamous for dishing out the smallest paychecks in the area (the median in that office is $48K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $36K while workers on the upper end may rake in $66K.

Popular Skills for Registered Client Associate


Registered Client Associates who responded to the survey report just a handful of professional 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. Those proficient in Client Interaction are, more often than not, also skilled in 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 $56K. People with 10 to 20 years of experience make an average of about $55K in this role. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

Pay Difference by Location

National Average: $51,994

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

For Registered Client Associates, busy Washington offers a higher-than-average pay rate, 52 percent above the national average. Registered Client Associates can also look forward to large paychecks in cities like San Francisco (+17 percent), Seattle (+16 percent), New York (+8 percent), and Newport Beach (+6 percent). Chicago is home to the smallest salaries in the field, lagging the national average by 11 percent. Employers in Miami and Atlanta also lean toward paying below-median salaries (6 percent lower and 4 percent lower, respectively).

Related Job Salaries

Key Stats for Registered Client Associate

Gender

Female
74 %
Male
26 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
27%
10-19 years
20%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Registered Client Associate Salaries

▲8%

▲6%

▲5%

National Average
$52,000

▼11%

Skills That Affect Registered Client Associate Salaries


Client Interaction
▼0%

National Average
$52,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
27%
10-19 years
20%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 73%
dental benefits
None: 11%
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