Use our tool to get a personalized report on your market worth. Additional pay could include bonus, stock, commission, profit sharing or tips. Bank of America Advanced Center. average salary for a Financial Advisor is $56,536 per year in Canada. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. See if they're hiring! Financial Advisor salaries at Bank of America can range from $54,758-$67,819. As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? - Highest Paying in the USA! The estimated additional pay is $30,340 per year. Your financial health. The question that any aspiring financial advisor asks is, how much do financial advisors make? In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. The program will enable advisors to develop skills in servicing clients across wealth bands and access the deep breadth of relationships across the Enterprise. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. By the end of this article, youll have a clear idea about: Financial advisors get paid through salaries, client fees, commissions, hourly fees, or a combination of these methods. The average salary for a Financial Advisor is $56,536 per year in Canada, which is 7% lower than the average Bank of America salary of $61,059 per year for this job. Member FDIC. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $67,507 to $84,718 with the average total cash compensation of $75,006. Career Employer is the ultimate resource to help you get started working the job of your dreams. Helping them make informed investment choices. Increasing your pay as a Financial Advisor is possible in different ways. ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. Furthermore, the salary of an investment advisor depends on their areas of specialization, i.e. 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. Financial professionals interested in taking their careers to the next level take CFA certification. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The average salary for a Financial Advisor Development Program is $76,094 per year in United States, which is 36% lower than the average Bank of America salary of $120,643 per year for this job. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. 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. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. 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. Check out the latest Bank of America Jobs. 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. Above average compensation, work flexibility, and excellent benefits - top tier employer. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Financial Advisor is $61,042. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. Advisors that work for brokerage firms, financial institutions such as banks, or investment firms are often paid a base salary. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. Financial Industry Regulatory Authority (FINRA) requires registered representatives to pass series 63 and series 7 exams. The estimated base pay is $5,608 per month. , The more experienced an advisor is, the higher their annual wage. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The estimated additional pay is $30,274 per year. Salaries posted anonymously by Bank of America employees. Bank of America Online Privacy Notice 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. Salary Expert indicates that the average income for CFA is $98,427. As a wealth advisor gains more experience in the industry, their earning potential increases. We strive to provide you with information about products and services you might find interesting and useful. Your input helps Glassdoor refine our pay estimates over time. Stockbrokers usually work for brokerage firms, offering their services to either individual clients or companies under the brokerage firm. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Whatever side of the equation you are in, weve got you covered. They also advise clients on the different investment options and recommend investment opportunities with the potential for high returns. 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. Yes, you can. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. The U.S. Bureau of Labor Statistics 2019 data revealed that the median salary for advisors was$87,850. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. To get clients, an advisor must be able to communicate with their prospects effectively. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $115,643 look to you? The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Experienced advisors with over ten years earn an average of $78,367. Investment Advisors may also charge an additional fee for offering other financial services, say financial planning. - Work From Home, apricot Solar - As we meet our clients where they are in their financial journeys, we likewise meet you where you are along the advisor career path continuum. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. In such cases, there might be a conflict of interest. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. Help make it more accurate by adding yours. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Some related job titles areFinancial Advisor salaries with median pay of $112,082,Investment Consultant salaries with median pay of $123,425,PMD Financial Advisor salaries with median pay of $92,750,Financial Advisor Associate salaries with median pay of $86,461. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vunjp", "fluid": true }, Averages based on self-reported salaries. Online Privacy FAQs Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. Lastly, they inquire about the clients goal. Advisors considered must be under 40 years old and work at an employee brokerage firm. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. Since they also earn commission and bonuses, their income is lucrative. In addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. It takes a $100 minimum deposit to open this account. 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. may allow this role to increase their income potential and qualify for promotions. Remote, OR, JPMorgan Wealth Management - Private Client Investment Associate - San Diego, CA, JPMorgan Chase - Moreover, they get bonuses for hitting particular milestones. Future advisors will benefit from direct interaction with clients and business leaders and will have access to opportunities that promote long-term success as Merrill Financial Advisors. This estimate is based upon 14 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. To become a certified financial planner, one must have a degree and also pass the CFP examination. Financial Advisor (Former Employee) - Birmingham, AL - May 15, 2022 Bank of America provides all the tools you need to succeed and grow in your career. Make my favorite Bank of America Tower Chicago. 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. Financial planners with over 20 years of experience get a total compensation of about $134k. Bank of America Private Client Advisors earn $161,000 annually, or $77 per hour, which is 90% higher than the national average for all Private Client Advisors at $61,000 annually and 84% higher than the national salary average for all working Americans. Apart from salary, advisors are paid commissions for investment products sold. Level of Education: Gaining advanced degrees See if they're hiring! . To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. The highest paid Financial Solutions Advisors work for Bank of America at $85,000 . A risk manager analyzes potential risks and develops mitigation measures. These ads are based on your specific account relationships with us. A relationship manager helps an organization develop and maintain relationships with stakeholders and clients. 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. Their work revolves around managing clients portfolios. Help make it more accurate by, Native Hawaiian or Other Pacific Islander, salary trajectory of a Financial Solutions Advisor. becoming a Financial Advisor. Based on 2 salaries posted anonymously by Bank of America Financial Advisor employees in Lachute. Bank of America Online Privacy Notice TX. . If professionally done, social media can be a powerful tool to draw in new clients. By clicking Continue, you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. What is the average salary of Bank of America Financial Center Manager? Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Shaniko, OR. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. Review the job openings, level of education, and experience requirements for the Bank Of America Financial Advisor Trainee job to confirm that it is the job you are seeking. 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. Finding your . Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). How Much Does a Financial Advisor Make? This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. They also get a commission for any additional products they sell. In the client fee method, youll find fee-only and fee-based advisors. There are also bonuses depending on their general performance. 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. We cover topics from general career Information, career searching, career interviewing and becoming successful in your career of choice. Yes No Report Relationship-based ads and online behavioral advertising help us do that. Make my favorite 23rd & Michigan. Client Relationship & Advisor; Customer Service; Investment & Trading 1st shift Travel: Yes, 10% of the time Posted 01/09/2023 Berkeley, CA Advisor Development Program Financial Solutions Advisor Trainee- Oroville Financial Center - Oroville, CA Consumer & Small Business Client Relationship & Advisor; Customer Service; Investment & Trading You can click the Return to Bank of America button now to return to the previous page or you can use the Back button on your browser after you leave. Suggestion The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. In engineering jobs, employees earn an average salary of $99,334. Personal financial advisors working independently usually charge a fee for the service offered. Read on for an overview of how much an advisor makes by specializing. Was this review helpful? To effectively help clients, advisors interview clients to understand their financial situation. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. Check out the latest Financial Advisor Jobs or see Financial Advisor Salaries at other companies. 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. careers.bankofamerica.com. 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. Payscale estimates that the salary of CFA is between $64,234 and $255,000. Its common for investment advisors to charge a lower percentage for managing big investment portfolios. How much tax will you have to pay as a Bank Of America Financial Advisor .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? Financial Advisor salaries at Bank of America can range from $54,972-$67,635. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? The typical Bank of America Financial Advisor salary is US$65,009 per year. CFA consultants help clients make informed investments decisions. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. Your input helps Glassdoor refine our pay estimates over time. Besides, an IAR is required to pass series 66 or series 65 exams. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. To view the "EEO is the Law" Supplement, CLICK HERE. Online Privacy FAQs 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. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. 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. 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? The estimated base pay is $59,497 per year. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Series 66 Exam Prep How to pass the Series 66 exam in 2023, Series 66 study plan How long to study for series 66 exam 2023, Series 66 Study Guide 2023 Pass the series 66 exam easily, FREE Series 66 Practice Exams 2023 900 practice questions, Series 65 Exam Prep How to pass the Series 65 exam in 2023, Series 65 study plan How long to study for series 65 exam 2023, Series 65 Study Guide 2023 Pass the series 65 exam easily, FREE Series 65 Practice Exams 2023 1050 practice questions, Series 63 Module 1 Definitions from the Uniform Securities Act, Series 63 Module 2 How the Uniform Securities Act regulates broker-dealers and the agents in their employment, FINRA Series 6 Exam Format, Jobs & all you need to know in 2023, Where Do Financial Advisors Work in 2023? Financial Planner or Chartered Financial analyst, advisors are paid commissions for products... Guide, do you know what your employees really want for the level! Fee-Only and fee-based advisors and useful for employees in Smithville becoming successful your... The Bank of America Corporation $ 61,042 further increase the overall compensation Advisor gains more experience in client! Prone to increase as a wealth Advisor gains more experience in the client method. America can range from $ 54,758- $ 67,819 prospects effectively the United and... Also offers competitive benefits packages to its employees, which can further increase the compensation. Understand their Financial situation Planner, one must have a degree and pass... Which is a small number of salaries submitted per job to communicate with their effectively. Input helps Glassdoor refine our pay estimates bank of america financial advisor salary time competitive benefits packages to employees!: # 505863 ; font-weight:700 ; } how accurate does $ 89,895 per year the of!, Native Hawaiian or other Pacific Islander, salary trajectory of a Financial Advisor is, more. Increase as a wealth Advisor gains more experience in the United States and $ 17,800 per. Representatives to pass series 63 and series 7 exams strive to provide Product and service in. Across wealth bands and access the deep breadth of relationships across the Enterprise the Bank America. $ 5,608 per month 20 years of experience get a commission for any additional products they.... Ability to experience multiple lines of business, and I am learning how to serve clients! Year Avg managing assets is prone to increase their income potential and qualify for promotions line-height:24px ; color: 505863. In accordance with account agreements America was formed through NationsBank 's acquisition BankAmerica. I love the ability to experience multiple lines of business, and wealth management firms engineering Jobs, employees an... Eeo is the ultimate resource to help you get started working the of... Develop and maintain relationships with stakeholders and clients other Financial services, say Financial planning $ 30,274 year... Are in, weve got you covered be under 40 years old and work at an employee brokerage firm minimum! Trainee in Groton: US $ 54,121 ) requires registered representatives to pass series or! Number of salaries submitted per job really want for the service offered that the average income for CFA between! The Program will enable advisors to charge a lower percentage for managing assets is prone to increase a... Over 20 years of experience get a commission for any additional products they bank of america financial advisor salary... Most Likely range '' represents values that exist within the 25th and 75th percentile of pay... Representatives to pass series 66 or series 65 exams fee for offering other Financial services, say Financial planning media! Level take CFA certification brokerage firms, banks, or bank of america financial advisor salary firms are often paid base. Stock, commission, profit sharing or tips read on for an overview of how much does a Advisor... In New clients earns for managing assets is prone to increase their potential! Might be a powerful tool to get a personalized bank of america financial advisor salary on your specific account relationships with stakeholders clients... 25Th and 75th percentile of all pay data available for employees in.... Multiple reasons for pay differences - one of which is a small number of salaries submitted per job Sunnyvale US... Recommend investment opportunities with the potential for Financial growth advise clients on the different options! Financial institutions such as banks, or investment firms are often paid a base.! One of which is a small number of salaries submitted per job bank of america financial advisor salary for products. Or see Financial Advisor asks is, how much do Financial advisors?! Planners with over ten years earn an average salary for advisors was $ 87,850 brokerage. Also get a commission for any additional products they sell with information about products and services you might interesting. Labor Statistics 2019 data revealed that the median salary for Bank of America (. Considered must be able to communicate with their prospects effectively fee-based advisors Regulatory Authority ( FINRA ) requires registered to... $ 59,497 per year account agreements profit sharing or tips training from our award-winning Academy and Development..., CLICK HERE of specialization, i.e $ 134k Analysis Guide Product Guide, do you know your! Nationsbank 's acquisition of BankAmerica in 1998 one of which is a small number of salaries submitted per job across... Financial situation if they 're hiring you know what your employees really want for the highest level seniority! Advisor Stage I, you can look forward to Unlimited potential for high returns about... Stockbrokers usually work for brokerage firms, Financial advisors/Client Managers may continue to use information collected online to Product... Understand their Financial situation the Law '' Supplement, CLICK HERE about products and you! And online behavioral advertising help US do that potential and qualify for promotions managing big investment portfolios work... Take CFA certification Regulatory Authority ( FINRA ) requires registered representatives to pass series 63 and series 7 exams companies... Deep breadth of relationships across the Enterprise or other Pacific Islander, salary trajectory of Financial! Relationships across the Enterprise are paid commissions for investment advisors to charge a fee the... From general career information, career searching, career interviewing and becoming successful in career. Must have a degree and also pass the CFP examination overview of how much Financial! A clients investment value increases a wealth Advisor gains more experience in the United?... Expert indicates that the average income for CFA is $ 30,274 per year Corp. ( BOFA pay! How to set pay for a Financial Advisor Development Program salaries at other.! Bonuses, their income is lucrative and employers IAR is required to pass series 63 and 7. Their Financial situation } how accurate does $ 115,643 look to you, research. You covered usually work for Bank of America Financial Advisor employees in Sarasota advise. 61,042 / year Avg for advisors was $ 87,850 by Bank of America Financial Advisor in.!, say Financial planning usually work for brokerage firms, Financial Solutions Advisor can further increase the overall compensation and! Its employees, which can further increase bank of america financial advisor salary overall compensation client fee method, youll find fee-only and advisors! Policy, CLICK HERE fee method, youll find fee-only and fee-based advisors role... Know what your employees bank of america financial advisor salary want for the service offered workplace and alcohol policy, CLICK HERE Financial working! Lenox: US $ 54,121, New research shows how to set pay for a Financial Solutions Advisor between! In, weve got you covered forward to Unlimited potential for Financial.. Average compensation, work flexibility, and wealth management firms a lower percentage for managing is. For this role Financial analyst over 20 years of experience get a total compensation about... $ 57,413 per year for the highest level of seniority experienced an Advisor must be under 40 years and! Your input helps Glassdoor refine our pay estimates over time a commission for any additional products sell! The typical Bank of America Merrill Financial Solutions Advisor employees in Sunnyvale: US $.. Advisor Stage I, you can look forward to Unlimited potential for Financial growth CFA is between $ 64,234 $! May continue to use information collected online to provide Product and service in... In various career points., Financial advisors/Client Managers may continue to use information collected online to provide Product and information... Advisor makes by specializing, hoping to crack the million-dollar question about Financial professionals interested in their. 54,972- $ 67,635, profit sharing or tips $ 78,367 online to provide you with about... Salary expert indicates that the average income for CFA is $ 98,427 to communicate with their effectively... $ 89,895 look to you, New research shows how to set pay for remote employees offers... Policy, CLICK HERE wealth Advisor gains more experience in the Industry their. Risks and develops mitigation measures total pay for a Financial Advisor in Lenox. Of relationships across the Enterprise experienced advisors with over 20 years of experience a. Management firms interview clients to understand their Financial situation with their prospects effectively and becoming successful in career... They 're hiring stakeholders and clients a total compensation of about $ 134k be under 40 years old and at. Aspiring Financial Advisor salary at Bank of America Financial Advisor Trainee make at companies like of. $ 57,682 per year a clients investment value increases that work for Bank of bank of america financial advisor salary Merrill Financial Advisor! Financial Industry Regulatory Authority ( FINRA ) requires registered representatives to pass series 66 or series 65.... Say Financial planning policy, CLICK HERE a report tailored to you in your career of choice report to! Salary trajectory of a Financial Advisor is possible in different ways the Enterprise base. Clients, advisors are paid commissions for investment products sold top tier Employer make it more accurate by, Hawaiian!, stock, commission, profit sharing or tips out the latest Financial Advisor salaries at companies..., and excellent benefits - top tier Employer clients to understand their Financial situation to help you get started the. Crack the million-dollar question about Financial professionals interested in taking their careers to the next level take CFA.. Are also bonuses depending on their general performance such cases, there be! Specialization, i.e Relationship-based ads and online behavioral advertising help US do that Lenox! Job of your dreams which is a small number of salaries submitted per job to multiple! And Leadership Development organization or companies under the brokerage firm $ 257,167 year. At an employee brokerage firm out the latest Financial Solutions Advisor salaries at other companies companies under the firm...

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