Private Banking & Wealth Mgmt · Associate
Assistant Relationship Manager (PB) Salary
Annual base compensation, national and by market, from 258 named sources. Every figure below says where it came from.
| Market | Multiplier | P25 | P50 | P75 | P90 |
|---|---|---|---|---|---|
| New York City, NY | 1.40× | $115,000 | $155,000 | $190,000 | $230,000 |
| San Francisco, CA | 1.30× | $105,000 | $145,000 | $175,000 | $210,000 |
| Boston, MA | 1.25× | $105,000 | $140,000 | $170,000 | $205,000 |
| Palm Beach, FL | 1.25× | $105,000 | $140,000 | $170,000 | $205,000 |
| Miami, FL | 1.23× | $100,000 | $135,000 | $165,000 | $200,000 |
| Los Angeles, CA | 1.20× | $100,000 | $130,000 | $160,000 | $195,000 |
| Washington, DC | 1.20× | $100,000 | $130,000 | $160,000 | $195,000 |
| Seattle, WA | 1.15× | $95,000 | $125,000 | $155,000 | $185,000 |
| Chicago, IL | 1.05× | $85,000 | $115,000 | $140,000 | $170,000 |
| Dallas, TX | 1.00× | $80,000 | $110,000 | $135,000 | $165,000 |
What does an Assistant Relationship Manager (PB) do?
The Assistant Relationship Manager (PB) operates within private banks, wealth management firms, and trust companies, serving high-net-worth and ultra-high-net-worth clients with investment advisory, estate planning, and banking services. Classified at the Associate level, this position draws from a competitive candidate pool, though specialized qualifications and sector-specific experience remain key differentiators in hiring.
What drives Assistant Relationship Manager (PB) compensation?
The median (P50) compensation for an Assistant Relationship Manager (PB) is $110,000, with the 25th to 75th percentile range spanning $80,000 to $135,000. The 47% spread between P25 and P75 reflects significant pay variation driven by book size and client AUM, revenue generated, client segment (HNW vs. UHNW), product complexity, regulatory licensing, and the firm's compensation model (salary + bonus vs. revenue share).
Assistant Relationship Manager (PB) career path
Professionals who move into Assistant Relationship Manager (PB) roles most commonly come from institutional banking, financial advisory, trust and estate law, investment management, or family office operations. From this position, the typical trajectory leads toward managing director and market head positions, regional leadership, or transitioning to independent RIA or multi-family office platforms.
Hiring an Assistant Relationship Manager (PB)?
A search playbook for this seat: compensation positioning against the band above, the sourcing map, and the interview framework.