Registered Client Associate Salary

The average Registered Client Associate in the United States earns approximately $48K annually. With some bonuses approaching $17K and certain profit sharing proceeds approaching $20K, overall incomes of Registered Client Associates spread between $39K and $73K depending on individual performance. Geographic location is the main element affecting pay for this group — the specific employer and tenure are driving factors as well. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. Most Registered Client Associates survey respondents are women (72 percent). The majority of Registered Client Associates claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
Read More
$39,276 - $62,330
$39K
$49K
$62K
MEDIAN: $48,933
10%
50%
90%

Add this chart to your site: 640px    300px

$16.82 - $26.40
$17
$22
$26
MEDIAN: $21.87
10%
50%
90%

Add this chart to your site: 640px    300px

$0$72K
Salary $39,276 - $62,330
Bonus $995 - $16,682
Profit Sharing $735 - $19,574
Commission $0.00 - $24,935
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).
)
$39,349 - $72,172
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 218
Hourly Data $0$42
Hourly Rate $16.82 - $26.40
Hourly Tips $6.67
Overtime $0.00 - $42.35
Annual Data $0$72K
Bonus $995 - $16,682
Commission $0.00 - $24,935
Profit Sharing $735 - $19,574
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).
)
$39,349 - $72,172
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 71

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Registered Client Associates who transition into an upper level Registered Client Service Associate position will not necessarily make much more than they do in their current role. The average Registered Client Service Associate makes $49K a year.

Registered Client Associate Job Listings

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 leaders in the field that employ a large number of Registered Client Associates. Registered Client Associates seeking a sizable paycheck can earn the most at Royal Bank of Canada, where the average salary comes to $77K.

Though certain workers may see earnings of up to $69K, Wells Fargo Advisors Financial Network, LLC still falls short in the compensation department — the median pay is only $48K, the lowest in the field.

Popular Skills for Registered Client Associate


Survey takers who work as Registered Client Associates typically report just a few 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 pay less than market rate 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

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: $52,878

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

Washington is home to an above-average pay rate for Registered Client Associates, 52 percent higher than the national average. Registered Client Associates can also look forward to large paychecks in cities like Los Angeles (+29 percent), San Francisco (+16 percent), Seattle (+16 percent), and Newport Beach (+5 percent). Falling short of the national average by 12 percent, the area with the worst salaries is Chicago. Workers in Miami and Atlanta earn salaries that trail the national average for those in this profession (7 percent less and 5 percent less, 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 64 votes.
Less than 1 year
3%
1-4 years
43%
5-9 years
26%
10-19 years
18%
20 years or more
9%

Experience Affects Registered Client Associate Salaries

▲8%

▲2%

▲2%

National Average
$53,000

▼12%

Skills That Affect Registered Client Associate Salaries

National Average
$53,000




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
3%
1-4 years
43%
5-9 years
26%
10-19 years
18%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 72%
no benefits
None: 11%