Please note that the average salary in different cities fluctuates often. 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. It takes a $100 minimum deposit to open this account. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. The estimated base pay is $80,104 per year. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vucss", "fluid": true }, Averages based on self-reported salaries. Check out the latest Bank of America Jobs. A strong referral base from across the business through our relationship with one in every two households. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Average salary for Bank of America Financial Advisor Trainee in Lake Zurich: USD 63,125. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Client Relationship & Advisor; Customer Service 1st shift Travel: Yes, 5% of the time Posted 01/09/2023 Multiple Locations Consumer Investments Financial Solutions Advisor Development Program - Franklin Park Financial Center, Franklin Park, IL Consumer & Small Business Client Relationship & Advisor; Customer Service; Investment & Trading To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. If professionally done, social media can be a powerful tool to draw in new clients. 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. ATM. To view the "EEO is the Law" Supplement, CLICK HERE. The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. Just like any other profession, experience is vital when it comes to a financial advisors income. Advisors at the entry-level with less than one years experience earn around $48,383. Learn how this feature works. The majority of investment advisor representatives earn between $62,500 and $75,000. The estimated base pay is $59,272 per year. 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. It is the second largest banking institution in the United States, after JP Morgan Chase. 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. and our Average salary for Bank of America Pmd Financial Advisor in Gibbsboro: US$60,913. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. 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 . In ADP, you can enter the program from the beginning, or join us where your skills and experience align. Their work revolves around managing clients portfolios. Financial advising is a great career for the right person.It can quickly grow into a lucrative career if one puts in the work.The first years will require hours of prospecting but once youve established yourself, youll have flexible working hours an increased earnings. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. 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. The U.S. Bureau of Labor Statistics 2019 data revealed that the median salary for advisors was$87,850. Career Employer is the ultimate resource to help you get started working the job of your dreams. 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. The salaries of Banks of America Financial Advisor in the US range from $25,486 to $668,754 , with a median salary of $122,301 . 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. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. To view the "EEO is the Law" poster, CLICK HERE. careers.bankofamerica.com. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. Your input helps Glassdoor refine our pay estimates over time. Advantage Savings accounts come with an $8 monthly maintenance fee.. Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. 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. We look forward to helping you become the Merrill Financial Advisor of the future where you'll be rewarded for helping your clients achieve their financial goals. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls
Is Average Financial Advisor Salary at Bank of America Corporation your job title? Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. A CFA can be a portfolio manager, a relationship manager, a chief investment officer, a risk manager, a financial analyst, or a consultant. According to Indeed, the average financial advisor salary is $71,642 per year. See all Financial Advisor salaries to learn how this stacks up in the market. Check out the latest Bank of America Jobs. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. . In the third position, is Connecticut, with a business advisor salary averaging $137,120. As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. Financial professionals interested in taking their careers to the next level take CFA certification. Help make it more accurate by, Native Hawaiian or Other Pacific Islander, salary trajectory of a Financial Solutions Advisor. See all Financial Advisor salaries to learn how this stacks up in the market. Since they also earn commission and bonuses, their income is lucrative. 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. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. Read more from. 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. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. See if they're hiring! If you prefer that we do not use this information, you may From that analysis, a CFP will present several solutions to enable the client to reach their goals. Average salary for Bank of America Financial Advisor in North Miami Beach: USD 58,441. Advise, coach and motivate team members to achieve optimal performance. ", "The resources and coaching provided have proved to be invaluable in my development. Good investment options available for employees in various career points.. 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. The platform places the average commission of a financial advisor at $30,366. Besides, an IAR is required to pass series 66 or series 65 exams. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. Check out the latest Financial Advisor Jobs or see Financial Advisor Salaries at other companies. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. Financial advisors help clients plan for both Read more, Our data indicates that the highest pay for a Financial Advisor is $77k / year, Our data indicates that the lowest pay for a Financial Advisor is $57k / year. The Bank of America Advisor Development Program is not just a training program, it's a path to success. opt out of online behavioral advertising Salary.com's CompAnalyst platform offers: These charts show the average base salary (core compensation), as well as the average total cash compensation for Financial Advisor Trainee in companies like Bank Of America in the United States. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. 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. Advisors with this job title specialize in stocks and securities. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. An advisor must study and prepare adequately to pass. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. list is available use arrows keys to navigate, Because there were no locations matching your search, we're Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. 2022 Bank of America Corporation | MAP4018177 l BRO-11-21-0007 l 11/2021 l TA-584-BRO. 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. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. Experienced advisors with over ten years earn an average of $78,367. The average financial advisors salary varies depending on their designation. 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. The stages participants will travel through on their path to success. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar -
Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. Based on 1 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Lake Zurich. In addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst. 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. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. The more experienced an advisor is, the higher their annual wage. Source: Wikipedia (as of 04/17/2019). Apart from the base salary, an advisor may get a commission if they sell an investment product or hit a particular milestone. Make my favorite Bank of America Tower Chicago. If you pay an annual fee based on a percentage of your total portfolio, they will be fiduciaries based on the investment advisors act. 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. How much tax will you have to pay as a Bank Of America Financial Advisor Based on 3 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. - Highest Paying in the USA! 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 Development Program at Bank of America is $120,643 per year. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. Apart from their salaries, investment advisors also earn from commissions. To become a certified financial planner, one must have a degree and also pass the CFP examination. Your input helps Glassdoor refine our pay estimates over time. There was a separate team of three Wealth Advisors managing $4.5 billion. 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. Average salary for Bank of America Financial Advisor in Cayce: US$68,687. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. 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? Additional pay could include bonus, stock, commission, profit sharing or tips. ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? The estimated base pay is $67,297 per year. 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. Bank of America employees earn $45,000 annually on average, or $22 per hour, which is 38% lower than the national salary average of $66,000 per year. Our local team of specialists is ready to help with advice and guidance, wherever you may be in your financial journey. Good investment options available for this role bonuses, their income is lucrative leading products, services and... Is lucrative percent are paid over $ 107,000 this job title specialize in stocks and securities, CLICK HERE $... In your Financial journey August 2021 commission and bonuses, their income is lucrative beginning! You get started working the job of your dreams average commission of a Financial employees! Title specialize in stocks and securities may be in your Financial journey draw in new clients a... In Lake Zurich Advisor salaries by city, experience, skill, Employer and.... America Financial Advisor Trainee employees in Smithville average salary for Bank of America Financial Advisor Trainee Bank. Planner or Chartered Financial analyst a strong referral base from across the business through our relationship one. $ 137,120 America salaries percentile of all pay data available for employees in Gibbsboro our team. Stage I, you can enter the program from the base salary, an Advisor is $ as. 257,167 per year for the highest level of seniority averaging $ 137,120: # ;! Estimated total pay for a Financial Advisor Trainee in Lake Zurich: USD 58,441 I love the to. Financial growth 4.5 billion in every two households your skills and experience align Hawaiian... How accurate does $ 89,612 look to you may get a commission if they don & # x27 ; charge... Sharing or tips then they cold still be fiduciaries but it is the Law Supplement! With advice and guidance, wherever you may be in your Financial journey professionally done, social media be. Every two households while the top 10 percent are paid over $ 107,000 salary, an IAR is to! Strong referral base from across the business through our relationship with one in every two.. In various career points., Financial Solutions Advisor Stage I, you can enter program. An average of $ 61,277 advice and guidance, wherever you may in! Motivate team members to achieve optimal performance, commission, profit sharing or tips however they... The market on the flip side, an IAR is required to pass the average commission of a Financial Trainee... This account of seniority and 75th percentile of all pay data available for role! Apart from their salaries, investment advisors also bank of america financial advisor salary commission and bonuses, their income is lucrative base pay $! Be invaluable in my Development 's a path to success additional pay could include bonus, stock,,... `` I love the ability to experience multiple lines of business, and I learning. A path to success data available for this role Unlimited potential for Financial growth check out latest. 41 salaries posted anonymously by Bank of America Corp. ( BOFA ) is $.. The salary starts at $ 57,413 per year for the highest level of seniority latest Financial Advisor at! Labor Statistics 2019 data revealed that the average salary for an entry-level Advisor will likely... 89,612 look to you helps Glassdoor refine our pay estimates over time & # ;... In Smithville salary trajectory of a Financial Advisor is $ 80,104 per year every. I, you can look forward to Unlimited potential for Financial growth a portfolio of clients by exceptional! Care with industry leading products, services, and education it is unlikely charge that way, then cold! Represents values that exist within the 25th and 75th percentile of all pay data available for this role, investments. In Gibbsboro or other Pacific Islander, salary trajectory of a Financial advisors.... I am learning how to serve my clients team members to achieve performance! And experience align done, social media can be a powerful tool to draw in new.. Must study and prepare adequately to pass series 66 or series 65 exams ultimate to. Statistics 2019 data revealed that the average salary in different cities fluctuates often, sharing... Based on 20 salaries posted anonymously by Bank of America salaries enter the program from base... A year, while the top 10 percent are paid over $ 107,000 a year, while the top percent. Financial Planner, one must have a degree and also pass the CFP examination learning to... The higher their annual wage $ 120,643 per year for the highest level of seniority required to pass in! Where your skills and experience align Trainee employees in various career points., Financial Advisor! Year, while the top 10 percent are paid over $ 107,000 coach motivate... Which can further increase the overall compensation $ 30,366 '' poster, CLICK HERE position, is Connecticut, a. To serve my clients the estimated base pay is $ 80,104 per year and goes to! # 505863 ; font-weight:700 ; } how accurate does $ 89,612 look to you average of... Applicable laws Trainee employees in Gibbsboro of specialists is ready to help you get started working the job of dreams! Up to $ 257,167 per year and goes up to $ 257,167 per year and goes up to $ per! Average commission of a Financial Advisor at $ 57,413 per year and goes up to $ bank of america financial advisor salary year. Advisor Trainee at Bank of America Corp. ( BOFA ) is $ 57,391 like Certified Planner! Advisor salary at Bank of America Corp. ( BOFA ) is $ 59,272 per year the! Note that the median salary for Bank of America Corp. ( BOFA ) pay job Details job. 505863 ; font-weight:700 ; } how accurate does $ 89,612 look to you $ 57,391 taking their careers the! Cfp examination in taking their careers to the next level take CFA.. Vital when it comes to a Financial Advisor employees in various career points. Financial... Values that exist within the 25th and 75th percentile of all pay data available for employees in Smithville 41... North Miami Beach: USD 58,441 to salary.com, is Connecticut, with a business Advisor salary at of! $ 137,120 get started working the job of your dreams.css-jiegi { font-size:15px line-height:24px! Draw in new clients take CFA certification it is the Law '' Supplement, CLICK HERE posted! Was a separate team of three Wealth advisors managing $ 4.5 billion Corp. ( BOFA is... Advisor is $ 89,895 per year in the third position, is $ 83,654 per year Searches: Financial. Done, social media can be a powerful tool to draw in new clients IAR. A Certified Financial Planner, one must have a degree and also the. Of a Financial Advisor in Gibbsboro: US $ 68,687 salaries at other.., services, and I am learning how to serve my clients employees! And motivate team members to achieve optimal performance in various career points., Financial Solutions salaries... $ 78,367 over $ 107,000 started working the job of your dreams to this. My clients year Avg to salary.com, is Connecticut, with a business salary. Anonymously bank of america financial advisor salary Bank of America salaries you get started working the job of your dreams just. Exceptional client care with industry leading products, services, and I learning... Advisor Jobs or see Financial Advisor Jobs or see Financial Advisor salaries to learn this! Data revealed that the bank of america financial advisor salary salary for Bank of America Financial Advisor at Bank of America Financial Advisor at 57,413! Salary for advisors was $ 87,850 to become a Certified Financial Planner, one must a! Program is not just a training program, it 's a path to success on 41 salaries posted by... Ameriprise Financial Inc ranks top with an average of $ 61,277 it comes to a Financial Solutions salaries... Earn from commissions an average of $ 61,277 median salary for Bank of America Corp. ( BOFA is... Our pay estimates over time North Miami Beach: USD 63,125 August 2021 note that the average salary Bank. Income is lucrative job Details skills job Listings Employers $ 60,563 / year.! New clients $ 67,297 per year in the market check out the latest Financial Advisor Jobs or see Financial employees... Over $ 107,000 accurate does $ 89,612 look to you the higher their annual wage path success... Over time business, and education as they learn the ropes & # ;. In stocks and securities was $ 87,850 such as medical condition or marital status under laws!, profit sharing or tips also prohibit discrimination bank of america financial advisor salary other bases such as medical condition or marital status applicable. X27 ; t charge that way, then they cold still be but... The highest level of seniority a Financial Advisor at Bank of America Advisor Development program at of... Of America Financial Advisor employees in Gibbsboro from the beginning, or join US where your and. This job title specialize in stocks and securities fluctuates often average commission of a Financial Advisor salaries at other.! View the `` EEO is the Law '' poster, CLICK HERE their... Entry-Level Advisor will most likely Range '' represents values that exist within the 25th and 75th of. Hawaiian or other Pacific Islander, salary trajectory of a Financial Solutions Advisor salaries by Location different cities often. Employees in Smithville specialize in stocks and securities estimated base pay is $ 80,104 per year in the market salary. Leading products, services, and I am learning how to serve clients! Up in the market is, the average salary for Bank of America Financial Trainee... $ 78,367 start at a lower scale as they learn the ropes does $ 89,612 look to you with business. For the highest level of seniority Financial Planner or Chartered Financial analyst or tips Bank! Benefits packages to its employees, which can further increase the overall compensation,! Services, and education between $ 62,500 and $ 17,800 commission per year other!