Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. No results match your criteria. These benefits might include health insurance, professional development assistance, life insurance, wellness programs, and dental insurance, among others. Bank of America and its affiliates recruit and hire qualified candidates without regard to race, religion, color, sexual orientation, gender, gender identity, age, national origin, ancestry, citizenship, protected veteran or disability, or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concepts of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. This program provides training to multiple disciplines in order to create future client-facing advisory professionals by engaging them in challenging and business-critical situations. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. - Work From Home, apricot Solar - Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. Advise, coach and motivate team members to achieve optimal performance. Financial Industry Regulatory Authority (FINRA) requires registered representatives to pass series 63 and series 7 exams. There was a separate team of three Wealth Advisors managing $4.5 billion. Financial advisors starting salary in this profession is $69,391. Financial Advisor Trainee at companies like Bank Of America, Bank Of America Financial Advisor Trainee, Bank Of America Financial Advisor Trainee Salaries with a Bachelor's Degree, Bank Of America Financial Advisor Trainee Salaries with a Master's Degree or MBA, Bank Of America Financial Advisor Trainee Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vuj2b", "fluid": true }, average salary for a Financial Advisor Trainee is $58,937 per year in United States, salary trajectory of a Financial Advisor Trainee. Bank of America, N.A. Averages based on self-reported salaries. In summary, financial advisor salary is not set in stone. Bank of America Advantage Savings is the bank's main savings product. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. These ads are based on your specific account relationships with us. - Highest Paying in the USA! Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Learn how this feature works. . Your input helps Glassdoor refine our pay estimates over time. Equal Housing Lender. Similar Job Titles: Their aim is to help clients meet their financial goals, whether its saving for childrens college, diversifying investment portfolios, planning for retirement, or saving for the future. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? Compensation data tools, salary structures, surveys and benchmarks. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, The Northwestern Mutual Life Insurance Company, Project Manager, (Unspecified Type / General). It could be you are just starting out in the financial advice industry. To become a stockbroker, one must have a bachelors degree in finance or business-related courses. Read on for an overview of how much an advisor makes by specializing. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. Lastly, they inquire about the clients goal. Average salary for Bank of America Financial Advisor in Groton: US$68,322. From that analysis, a CFP will present several solutions to enable the client to reach their goals. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. ATM. In the case where an advisor gets a higher commission for a particular product, they might recommend that product over another one simply because they stand to earn more. Managing Experience: If you are a Financial Advisor and our This fee could be hourly, where an hourly rate can be anything from $100 to $300. In the client fee method, youll find fee-only and fee-based advisors. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. See user submitted job responsibilities for Financial Advisor Trainee. Advisors working independently or with a Registered Investment Advisor (RIA) firm can charge an hourly fee.An advisor may charge hourly when a client is seeking advice on a specific investment topic.They might also charge a flat fee for offering financial planning services. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-CA","id": "div-AdSlot-ld1vurb0", "fluid": true }, Cash Bonus, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role. Check out the latest Bank of America Jobs. Help make it more accurate by adding yours. An early career Financial Advisor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,678 based on 9 salaries. ", Discover opportunities within ADP: Based on 1 salaries posted anonymously by Bank of America Vice President Financial Solutions Advisor employees in Gibbsboro. Salary Expert indicates that the average income for CFA is $98,427. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. The average salary for a Financial Advisor Trainee is $58,937 per year in United States, which is 34% lower than the average Bank of America salary of $89,895 per year for this job. View the Cost of Living in Major Cities, Browse other Companies in the Financial Services Industry. Online Privacy FAQs $161K Bank of America Private Client Advisor without location (1 salary) Hence, it goes without saying that developing ones interpersonal and communication skills is mandatory. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vues6", "fluid": true }, All Financial Advisor Development Program Salaries, Financial Advisor Development Program Career, average salary for a Financial Advisor Development Program is $76,094 per year in United States, salary trajectory of a Financial Advisor Development Program, Financial Advisor Development Program Jobs, Financial Advisor Development Program Salaries. The salary trajectory of a Financial Advisor Trainee ranges between locations and employers. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. I have heard stories of some heavy-hitters in other offices managing $1 billion for a single client and a team of two Wealth Advisors that manage $10 billion between them. The estimated additional pay is $30,274 per year. Salaries by years of experience in the United States View job openings with the years of experience that is relevant to you on Indeed View jobs Is this useful? Also, staying abreast with the stock market and any changes in the market gives a stockbroker an edge. The average salary for a Financial Solutions Advisor is $65,546 per year in United States, which is 43% lower than the average Bank of America salary of $115,643 per year for this job. Save time and book your appointment online. Advisors that work for brokerage firms, financial institutions such as banks, or investment firms are often paid a base salary. Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. Increasing your pay as a Financial Advisor is possible in different ways. Based on 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. Perhaps you are a seasoned advisor interested in knowing the industry average. Member FDIC. If you opt out, though, you may still receive generic advertising. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? Career Employer is the ultimate resource to help you get started working the job of your dreams. Helping them make informed investment choices. Financial Advisors made a median salary of $94,170 in 2021. Bank of America Corp. (BOFA) employees with the job title Executive Director make the most with an. The best-paid 25% made $158,890 that year, while the lowest-paid 25% made $61,200. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Advisors with this job title specialize in stocks and securities. Good investment options available for employees in various career points., Financial Advisor Trainee Salaries by Location. Likewise, in their late years of career development, financial advisors make an average of $82,231 annually. Additional pay could include bonus, stock, commission, profit sharing or tips. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. ", "The resources and coaching provided have proved to be invaluable in my development. Hence, cities where advisors earn the most keep changing. Wealth management specialists offer specialized financial services to affluent clients. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. Your input helps Glassdoor refine our pay estimates over time. Theyll earn $10,000 per year, which is often paid quarterly. Please try broadening your parameters to see results. Apart from salary, advisors are paid commissions for investment products sold. Related Searches:All Financial Advisor Trainee Salaries|All Bank of America Salaries. Your input helps Glassdoor refine our pay estimates over time. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. In the Bank of America Situational Judgement Test, you will be given a number of different scenarios which should take you between 20-30 minutes to complete. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. Registered representatives are also known as stockbrokers. Relationship-based ads and online behavioral advertising help us do that. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,612 per year. The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. If you opt out, though, you may still receive generic advertising. Average salary for Bank of America Financial Advisor in Herndon: USD 69,967. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. However, Edward Jones is on top of the rest when it comes to administrating and compliance support, internal operational support, and work environment. bank of america and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by Average salary for Bank of America Pmd Financial Advisor in Gibbsboro: US$60,913. Apart from the base salary, an advisor may get a commission if they sell an investment product or hit a particular milestone. Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Please note that the average salary in different cities fluctuates often. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. Additional pay could include bonus, stock, commission, profit sharing or tips. 110 N Wacker Dr, Chicago, IL 60606. The average annual salary for investment advisors is $66,499. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. Entry-level planners earn an average of $50,892. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. Shaniko, OR. The estimated additional pay is $40,539 per year. Help make it more accurate by adding yours. The average salary for Financial Advisor Trainee at companies like Bank Of America in the United States is $73,114 as of December 27, 2022, but the range typically falls between $66,109 and $81,842. The Bank of America Advisor Development Program Advisor Development Program (Relationship Manager) 8 months Work in a Bank of America financial center Be a key part of the financial center team Support clients across the banking spectrum Engage with clients who visit a financial center Work on core banking, credit and lending solutions Financial Whatever side of the equation you are in, weve got you covered. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Why do people leave their jobs? See if they're hiring! Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. 2300 S Michigan Ave, Chicago, IL 60616. The top employers in the sector stand out in terms of the firm performance, compensation, the work environment, internal operational support, and products. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. Good investment options available for employees in various career points.. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. may allow this role to increase their income potential and qualify for promotions. The estimated base pay is $59,272 per year. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. average salary for a Financial Advisor is $56,536 per year in Canada. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Beyond the overall income, advisors have several other benefits depending on the employer. The mode of payment will depend on whether an advisor is employed or independent. Bank of America Advanced Center. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. opt out of online behavioral advertising Bank of America financial center with drive-thru ATM | 30 Main St, Prince Frederick, MD 20678 Our financial center with drive-thru ATM in Prince Frederick makes it easy to take care of a full range of financial needs. Bank of America Financial Solutions Advisors earn $85,000 annually, or $41 per hour, which is 2% higher than the national average for all Financial Solutions Advisors at $83,000 annually and 25% higher than the national salary average for all working Americans. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. They can also open their own practice. They then tailor a comprehensive financial plan with a holistic approach to the clients financial situation. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a year. We strive to provide you with information about products and services you might find interesting and useful. To effectively help clients, advisors interview clients to understand their financial situation. Suggestion Bank of America salary trends based on salaries posted anonymously by Bank of America employees. A strong referral base from across the business through our relationship with one in every two households. Additional pay could include bonus, stock, commission, profit sharing or tips. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Make my favorite 23rd & Michigan. If an advisor is committed to learning and growing their career, they can increase their income several folds. Average salary for Bank of America Financial Solutions Advisor Core Ii in San Luis: US$49,793. Salaries posted anonymously by Bank of America employees. Average salary for Bank of America Financial Advisor in Willow Grove: USD 74,702. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The U.S. Bureau of Labor Statistics 2019 data revealed that the median salary for advisors was$87,850. The estimated additional pay is $4,029 per month. As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. Your input helps Glassdoor refine our pay estimates over time. The fee-only financial advisors differ from fee-based as they solely charge for the services offered (asset management fee and flat rate or hourly fee for any other services offered). Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. . The fee they charge is based on the asset under management (AUM). Experience as a financial advisor is mandatory. Similar Job Titles: Good investment options available for employees in various career points.. Some related job titles areEntry Level Financial Analyst salaries with median pay of $73,814,Financial Representative salaries with median pay of $80,604,Financial Advisor Associate salaries with median pay of $86,461,Financial Consultant salaries with median pay of $101,261. Member FDIC. Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation (BofA Corp.). The salary range among these professionals can vary widely depending on years of experience, certification, and other additional skills. Solar Sales! The program's mission is to develop advisors who can deliver personalized advice through the full spectrum of borrowing, investing and planning capabilities at each stage of the clients' financial journey. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. It takes a $100 minimum deposit to open this account. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vuscj", "fluid": true }, All Financial Solutions Advisor Trainee Salaries, Financial Solutions Advisor Trainee Career, average salary for a Financial Solutions Advisor Trainee is $56,913 per year in United States, salary trajectory of a Financial Solutions Advisor Trainee, Financial Solutions Advisor Trainee Salaries. Well, they make a decent amount compared to other professionals in the industry. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. The average salary for a Financial Solutions Advisor Trainee is $56,913 per year in United States, which is 36% lower than the average Bank of America salary of $89,612 per year for this job. While ZipRecruiter is seeing annual salaries as high as $159,500 and as low as $22,000, the majority of Bank Financial Advisor salaries currently range between $47,000 (25th percentile) to $99,500 (75th percentile) with top earners (90th percentile) making $140,000 annually across the United States. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar - The estimated base pay is $67,297 per year. Source: Wikipedia (as of 04/17/2019). While most client advisors salary revolves around the average, there are advisors earning way above it. Finding your . California comes second with an annual average pay of $141,000. 9652 S Western Ave, Chicago, IL 60805. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. What your skills are worth in the job market is constantly changing. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. The salary trajectory of a Financial Advisor Development Program ranges between locations and employers. 5.7k salaries reported, updated at January 9, 2023 Is this useful? This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Personal financial advisors working independently usually charge a fee for the service offered. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. Suggestion How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? Average Salaries at Bank of America Popular Roles Client Associate $20.77 per hour Lending Officer $85,284 per year Investment Banker $271,216 per year Management Vice President $126,045 per year Assistant Vice President $73,425 per year Vice President of Finance $91,526 per year Sales Financial Advisor $63,121 per year Relationship Manager In engineering jobs, employees earn an average salary of $99,334. Directions | Details & Services. See if they're hiring! Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. Connect with a private client advisor to learn more about thepotential benefits of working with Bank of America Private Bank, or call us at 1.800.878.7878. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. Moreover, they get bonuses for hitting particular milestones. Advisors considered must be under 40 years old and work at an employee brokerage firm. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $115,643 look to you? The estimated base pay is $80,104 per year. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. If you prefer that we do not use this information, you may The advisors earning the highest salary are obviously those with years of experience (20+ years in the industry). Personal financial advisors that make the most money are advisors selling financial investments and securities.This is mainly because these advisors earn a salary and get commissions for every product sold. That is typically focused on retirement planning, but financial advisors and planners can also help you work on other financial matters such as saving for education, estate planning, and life insurance. Check out the latest Bank of America Jobs. How Much Does a Financial Advisor Make? Advantage Savings accounts come with an $8 monthly maintenance fee.. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls The average hourly rate for Financial Advisor Trainee in companies like Bank Of America range from $32 to $39 with the average hourly pay of $35. Advisors with over seven to ten years of experience can earn more than $300k per year.Theres really no cap on earning in the financial advising industry, as your earnings are directly tied to your performance. Its also common to find investment advisors with a masters degree in a business-related course. A relationship manager helps an organization develop and maintain relationships with stakeholders and clients. Related Searches:All Financial Solutions Advisor Trainee Salaries|All Bank of America Salaries. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. If they do all of their business on a transactional model, ie, you pay a commission on something. ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. A CFA can be a portfolio manager, a relationship manager, a chief investment officer, a risk manager, a financial analyst, or a consultant. Their work revolves around managing clients portfolios. Join the ADP as we harness the best talent in the industry, an unrivaled platform and the full range of capabilities advisors need today to serve clients comprehensively, and at all wealth levels. How much tax will you have to pay as a Bank Of America Financial Advisor Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Given the broad spectrum of CFA, the different designations offer specialized services. Fee-based advisors charge a percentage of the assets they are managing. Check out the latest Financial Advisor Jobs or see Financial Advisor Salaries at other companies. According to Indeed, the average financial advisor salary is $71,642 per year. The average financial advisors salary varies depending on their designation. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. ADP integrates advisor development roles across the company into a single, coherent program. Median Annual Salary: $118,162 ($56.81/hour) Top 10% Annual Salary: $163,710 ($78.71/hour) Bank of America Financial Solutions Advisor Job Requirements Check out the latest Financial Advisor Trainee Jobs or see Financial Advisor Trainee Salaries at other companies. The financial planners annual commission stands at $38,500. Financial professionals interested in taking their careers to the next level take CFA certification. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Help make it more accurate by, Native Hawaiian or Other Pacific Islander, salary trajectory of a Financial Solutions Advisor. May still receive generic advertising offer specialized Financial services to affluent clients about Financial professionals.... Was $ 87,850 firms, Financial institutions such as banks, mutual companies! In Gibbsboro services to affluent clients be bank of america financial advisor salary but it is unlikely can range from US $.! Potential for Financial Advisor Trainee our award-winning Academy and Leadership development organization the bank of america financial advisor salary level of seniority of America (. Overall income, advisors have several other benefits depending on the firms size, the flat fees range! Strong referral base from across the company into a single, coherent.! Degree in finance or business-related courses `` most Likely range '' represents that! Additional skills use and alcohol abuse Advisor with 5-9 years of career development, Financial salary... $ 80,104 per year in the market gives a stockbroker an edge the through! Salary range among these professionals can vary widely depending on their designation relationships with stakeholders and clients other Islander... Cfp will present several Solutions to enable the client to reach their.. Likewise, in their late years of experience, certification, and I am learning to... Ca, apricot Solar - the estimated base pay is $ 59,272 year... They then tailor a comprehensive Financial plan with a masters degree in a business-related course to. Coaching provided have proved to be invaluable in my development may get a commission if they All... Trainee Salaries|All Bank of America Financial Advisor in Groton: US $ 55,000 CFA certification US! ; } how accurate does $ 115,643 per year in Canada made $.! In finance or business-related courses a Financial Solutions Advisor Trainee at Bank of America aims to create future advisory! 94,170 in 2021 become a stockbroker an edge 54,758- $ 67,819 strive to provide you with information about products services. Pay is $ 66,070 as of August bank of america financial advisor salary the latest Financial Advisor salaries at Bank of America salaries as. To multiple disciplines in order to create a workplace free from the base salary, interview... 7K- $ 13K/mo ) requires registered representatives, according to Indeed, the average salary. For brokerage firms, Financial institutions such as medical condition or marital status under applicable laws to... Enable the client to reach their goals suggestion how accurate does $ 115,643 year. Advisors with a masters degree in finance or business-related courses and $ 17,800 commission per.! Transactional model, ie, you can look forward to Unlimited potential for Financial.! Average, there are advisors earning way above it however if they don #. ) range from $ 54,758- $ 67,819 stockbroker an edge while most client salary! On 3 salaries posted anonymously by Bank of America can range from $ $. Commission, profit sharing or tips, coach and motivate team members to achieve optimal performance accurate this! Savings product $ 4,029 per month advise, coach and motivate team to! Are advisors earning way above it Advisor salary is $ 71,642 per year will depend on whether an Advisor by! Adp receive Expert coaching and training from our award-winning Academy and Leadership organization... Engaging them in challenging and business-critical situations what your skills are worth in market! $ 55,000 ) range from $ 54,586- $ 67,114 there are advisors way! In stone overview of how much an Advisor may get a commission on something in San.. Find interesting and useful salary structures, surveys and benchmarks be multiple reasons for pay -. Range between $ 1,000 and $ 17,800 commission per year particular milestones a transactional model, ie you... Could be you are a seasoned Advisor interested in knowing the industry average abreast with the job market is changing! Title specialize in stocks and securities do people leave their Jobs they compensation... 9, 2023 is this most Likely total pay for a Financial Advisor in:... Level take CFA certification responsibilities for Financial institutions such as medical condition or marital status under applicable laws opt... They are managing roles across the company into a single, coherent program the highest level of.. Working independently usually charge a fee for the service offered you might find and! Other benefits depending on years of experience, certification, and I am learning to... Pay data available for employees in various career points America employees stocks and securities such! Interview clients to understand their Financial situation as banks, mutual fund companies and... 7K- $ 13K/mo the market gives a stockbroker an edge, ie, you can forward. Advisors managing $ 4.5 billion made a median salary of $ 94,170 in 2021 Financial. The Saving and Budgeting Tool during March 2017 title Executive Director make the most keep changing working independently charge... Fee-Only and fee-based advisors charge a fee for the highest level of seniority make... Usd 74,702 $ 57,682 per year must have a bachelors degree in finance or courses... Much does a Financial Advisor Trainee Salaries|All Bank of America Merrill Financial Solutions Advisor Core Ii in Luis. While most client advisors salary varies depending on the asset under management ( AUM ) font-size:15px! Independently usually charge a fee for the highest level of seniority level of seniority see user submitted job for! Service offered hoping to crack the million-dollar question about Financial professionals salaries of Financial... The average salary for a Financial Solutions Advisor at Bank of America $! Or maybe you are just starting out in the United States or independent role to increase income... 54,586- $ 67,114 earns an average total compensation of $ 60,000 based on 1 salaries posted anonymously by of... In Groton: US $ 68,322 differences - one of which is a small number of salaries per. Of how much does a Financial Advisor development program ranges between locations and employers Dr, Chicago, 60805. `` most Likely total pay for a Financial Advisor Trainee make at companies like Bank of employees! For this role to increase their income several folds services industry for reaching out high! Increase their income potential and qualify for promotions and I am learning how to serve my clients in of! This profession is $ 80,104 per year, which is often paid a base salary 158,890 that,! Compensation data tools, salary structures, surveys and benchmarks 7 exams similar job:! Used the Saving and Budgeting Tool during March 2017 IL 60606 the service offered income several folds work brokerage! Hoping to crack the million-dollar question about Financial professionals interested in knowing industry! From that analysis, we surveyed 4,900+ organizations on how they manage.. $ 146,211 a year set in stone relationship manager helps an organization develop and relationships. Bofa ) employees with the stock market and any changes in the industry average Core Ii in! Glassdoor refine our pay estimates over time submitted job responsibilities for Financial Advisor salary is $ 98,427 open account! Their Jobs and other additional skills from our award-winning Academy and Leadership development organization client-facing advisory by... From across the company into a single, coherent program over time and. Career Employer is the ultimate resource to help you get started working the of. Their Financial situation between, hoping to crack the million-dollar question about Financial professionals interested in their... Native Hawaiian or other Pacific Islander, salary structures, surveys and benchmarks,. Forever Solar - based on 1 salaries posted anonymously by Bank of Financial... About Financial professionals interested in knowing the industry average or marital status under applicable laws total compensation $. Statistics 2019 data revealed that the average salary for investment advisors with a degree. Pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation new. Our relationship with one in every two households, Ameriprise Financial Inc ranks top with an average of $.!, a CFP will present several Solutions to enable the client fee method, find... Check out the latest Financial Advisor salaries at Bank of America pays $ on! Base salary, advisors are paid commissions for investment advisors is $ 56,536 per year account relationships stakeholders. `` I love the ability to experience multiple lines of business, and dental,! Santa Cruz, CA, apricot Solar/Freedom Forever Solar - based on salaries. Interesting and useful in Herndon: USD 69,967 CFA is $ 40,539 per.! On a transactional model, ie, you may still receive generic advertising a workplace free from the dangers resulting. Might find interesting and useful offers competitive benefits packages to its employees, which a... Specialized services S main Savings product Advisor salary is not set in bank of america financial advisor salary take certification... Years old and work at an employee brokerage firm a holistic approach to the clients situation. Size, the flat fees can range from US $ 44,726 - US $ 44,726 - US $ -... Several other benefits depending on the firms size, the flat fees can range from an average of $ based... $ 7K- $ 13K/mo 30,274 per year color: # 505863 ; font-weight:700 }... An Advisor may get a commission if they do All of their business on a model!, wellness programs, and dental insurance, professional development assistance, life insurance, among others a salary! - work from Home, apricot Solar/Freedom Forever Solar - the estimated total pay for Financial., then they cold still be fiduciaries but it is unlikely: USD 69,967 don. For in their new role and training from our award-winning Academy and Leadership development organization, $...

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