Registered Client Associate Salary

Registered Client Associates in the United States pull down an average of $45K per year. Total cash incomes of Registered Client Associates run from $36K to $65K, depending on bonuses that can occasionally exceed $12K, profit sharing that reaches $20K, and some commissions of nearly $19K. Earnings for this group are mostly affected by geographic location, followed by the company and years of experience. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men are in the minority of survey respondents, with female Registered Client Associates making up 76 percent. The majority of Registered Client Associates claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$34,911 - $58,467
(Median)
$35K
$45K
$58K
MEDIAN: $44,644
10%
50%
90%

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$14.69 - $24.92
(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
$34,911 - $58,467  
   
Bonus
$981 - $12,057  
Profit Sharing
$506 - $20,000  
Commission
$2,447 - $18,691  
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).
)
$35,830 - $65,179  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 278
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
$14.69 - $24.92  
   
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
$981 - $12,057  
   
Commission
$2,447 - $18,691  
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).
)
$35,830 - $65,179  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 67

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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


Dominating the field, Merrill Lynch & Co Inc, Wells Fargo Advisors Financial Network, LLC, RBC Wealth Management, Wells Fargo & Co., and Morgan Stanley are top firms with a reputation for hiring a great number of Registered Client Associates. Morgan Stanley offers the largest salaries in town — $58K on average.

Wells Fargo & Co. offers the lowest compensation; the median salary there averages out to only $46K. The pay range is also narrow, ranging between $33K and $61K.

Popular Skills for Registered Client Associate


Survey takers who work as Registered Client Associates usually report a few specific skills. Those who have experience with Client Interaction, Customer Service, and Microsoft Excel can expect to be compensated well for these skills. 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.


Registered Client Associates do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $45K, but folks who have been around for five to 10 years see a markedly higher median salary of $51K. After working for 10 to 20 years, Registered Client Associates make a median salary of $53K. Individuals who report more than two decades of experience seem to make about the same as folks in the 10-to-20 year range.

Pay Difference by Location


With a pay rate for Registered Client Associates that is 26 percent greater than the national average, New York offers a comfortable salary for those in this profession. Registered Client Associates will also find cushy salaries in San Francisco (+23 percent) and Los Angeles (+2 percent). Falling short of the national average by 2 percent, the area with the worst salaries is Atlanta.

Related Job Salaries

United States (change)

Experience Affects Registered Client Associate Salaries




National Average
$49,000


Skills That Affect Registered Client Associate Salaries


Customer Service
up arrow 2%

National Average
$49,000

Microsoft Excel
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 82 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
27%
10-19 years
22%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 77%
vision benefits Vision: 70% employee benefits None: 14%