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Moreover, they get bonuses for hitting particular milestones. The estimated additional pay is $40,539 per year. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. Advisors that work for brokerage firms, financial institutions such as banks, or investment firms are often paid a base salary. Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. Base Salary ( USD) 10% $50k MEDIAN $61k 90% $68k The average. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. Financial Advisor salaries at Bank of America can range from $54,972-$67,635. If you opt out, though, you may still receive generic advertising. . Series 63 exams cover state laws and regulations. Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. The estimated base pay is $67,297 per year. Your financial health. Bank of America Advanced Center. 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. They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. 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. 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 law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. Bank of America, N.A. Level of Education: Gaining advanced degrees 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. Make my favorite 23rd & Michigan. If an advisor is committed to learning and growing their career, they can increase their income several folds. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? According to Indeed, the average financial advisor salary is $71,642 per year. To view the "EEO is the Law" poster, CLICK HERE. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. Advise, coach and motivate team members to achieve optimal performance. Financial advisors starting salary in this profession is $69,391. 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.). Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. 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. that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Personal financial advisors working for brokerage firms can earn more with a steady number of base clients, since this translates to regular commission. Help make it more accurate by adding yours. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. Salaries posted anonymously by Bank of America employees. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. How much tax will you have to pay as a Bank Of America Financial Advisor Average salary for Bank of America Financial Advisor in North Miami Beach: USD 58,441. This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. According to Indeed, the average financial advisor salary is $71,642 per year. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Candidates must possess authorization to work in the United States, as it is not the practice of Bank of America to sponsor individuals for work visas. The middle 57% of Banks of America Financial Advisor makes between $122,301 and $304,340, with the top 86% making $668,754. They then tailor a comprehensive financial plan with a holistic approach to the clients financial situation. 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 How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? and our 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. Lastly, they inquire about the clients goal. Your input helps Glassdoor refine our pay estimates over time. Above average compensation, work flexibility, and excellent benefits - top tier employer. Its also common to find investment advisors with a masters degree in a business-related course. The financial planners annual commission stands at $38,500. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. To become a stockbroker, one must have a bachelors degree in finance or business-related courses. Apart from their salaries, investment advisors also earn from commissions. .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 Financial Advisor Program is an 18- month program. becoming a Financial Advisor. 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. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Use our tool to get a personalized report on your market worth. 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. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. To view the "EEO is the Law" Supplement, CLICK HERE. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. According to our data, the highest paying job at Bank of America is a Performance Coach at $17,992,000 annually while the lowest paying job at Bank of America is a Reviewer at $16,000 annually. and our Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. 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. Directions | Details & Services. The estimated additional pay is $48,346 per year. Only a licensed personal financial advisor is legally allowed to advise clients and sell securities, such as mutual funds, stocks, and bonds. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. This fee could be hourly, where an hourly rate can be anything from $100 to $300. 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 majority of investment advisor representatives earn between $62,500 and $75,000. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. Directions | Details & Services. A Modern approach to 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. Besides, an IAR is required to pass series 66 or series 65 exams. Learn how this feature works. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). Average salary for Bank of America Financial Advisor in Cayce: US$68,687. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review They also get a commission for any additional products they sell. Payscale shows that as of September 2021, financial advisors national average base salary is $60,247. Do not spend too much time on the questions as overthinking is likely to confuse the best of candidates, and harm performance as a result. 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. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. In this model, an advisor gets paid a percentage if they sell a product to a client. A strong referral base from across the business through our relationship with one in every two households. See if they're hiring! How Much Does a Financial Advisor Make? As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. The estimated additional pay is $30,274 per year. 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. Salary Expert indicates that the average income for CFA is $98,427. 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. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. Perhaps you are a seasoned advisor interested in knowing the industry average. 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 estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. In engineering jobs, employees earn an average salary of $99,334. Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. Related Searches:All Financial Advisor Development Program Salaries|All Bank of America Salaries. 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. See all Financial Advisor salaries to learn how this stacks up in the market. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. list is available use arrows keys to navigate, 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, Support clients with a focus on affluent clients, Work on core banking, credit, lending and investing solutions, Work in a Merrill Lynch Wealth Management branch location, Deliver products and capabilities across Bank of America banking and Merrill investing, Prepare to become a Merrill Financial Advisor (MFA), Demonstrate sustainable business development activities. Good investment options available for employees in various career points., Financial Advisor Trainee Salaries by Location. 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. Check out the latest Bank of America Jobs. Finding your . 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. Relationship-based ads and online behavioral advertising help us do that. Based on 3 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton. Member FDIC. 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. Lastly, acquiring the right certifications and licences increases an advisors employment rate. Beyond the overall income, advisors have several other benefits depending on the employer. The best-paid 25% made $158,890 that year, while the lowest-paid 25% made $61,200. The state and city an advisor live in equally affect their annual wage. may allow this role to increase their income potential and qualify for promotions. It takes a $100 minimum deposit to open this account. In such cases, there might be a conflict of interest. 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. Talking to clients to understand their financial goals. Read on for an overview of how much an advisor makes by specializing. 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. The national average salary for a Financial Advisor is $56,538 in Canada. ATM. list is available use arrows keys to navigate, Because there were no locations matching your search, we're To get clients, an advisor must be able to communicate with their prospects effectively. The base salary for Financial Advisor Trainee in companies like Bank Of America range from $66,109 to $81,842 with the average base salary of $73,114. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Read more from. Payscale estimates that the salary of CFA is between $64,234 and $255,000. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. Advisors considered must be under 40 years old and work at an employee brokerage firm. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. If you prefer that we do not use this information, you may 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 Learn how this feature works. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Bank of America Online Privacy Notice Likewise, in their late years of career development, financial advisors make an average of $82,231 annually. In the client fee method, youll find fee-only and fee-based advisors. Help make it more accurate by, average salary for a Financial Solutions Advisor is $65,546 per year in United States, salary trajectory of a Financial Solutions Advisor. A financial advisor earning power is limitless. To get started as a CFA, one must have a bachelors degree in economics, statistics, accounting, finance, or any other related courses. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. Series 7 exams are for beginners getting into the industry. We strive to provide you with information about products and services you might find interesting and useful. 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. Just like any other profession, experience is vital when it comes to a financial advisors income. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? Financial Advisors made a median salary of $94,170 in 2021. Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. 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. There are several designations for advisors with this qualification. Financial Advisor Salaries in Canada Updated Jan. 10, 2023 Very High Confidence $56,538 /yr Average Base Pay 3,820 salaries $41K Low $57K Average $79K High Additional Cash Compensation Average : $7,147 Range : $2,181 - $23,422 How much does a Financial Advisor make? Financial planners with over 20 years of experience get a total compensation of about $134k. Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. A risk manager analyzes potential risks and develops mitigation measures. Additional pay could include bonus, stock, commission, profit sharing or tips. See if they're hiring! Personal financial advisors working for firms must understand their investment strategies and financial products to better guide clients on the best options depending on their individual needs. 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. 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. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review To become an investment advisor representative (IAR), one must have a bachelors degree in finance, business administration, or any other related field. From that analysis, a CFP will present several solutions to enable the client to reach their goals. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a 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. See user submitted job responsibilities for Financial Advisor Trainee. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. This fee is subject to an investment exceeding a predetermined threshold, which an advisor and their client agree upon at the beginning of their working relationship. Theyll earn $10,000 per year, which is often paid quarterly. The commission, on the other hand, ranges between $39,000 and $194,000. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar - To become a certified financial planner, one must have a degree and also pass the CFP examination. Clients tell us that the delivery of personalized advice across our companys full spectrum of banking, lending, investing and planning capabilities is what they need from a Financial Advisor. Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. 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. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. Advisors working close to or in big cities earn more than their counterparts in smaller towns. Check out the latest Bank of America Jobs. Average salary for Bank of America Financial Solutions Advisor Core Ii in San Luis: US$49,793. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. Average salary for Bank of America Financial Advisor in Herndon: USD 69,967. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. Suggestion To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. Your input helps Glassdoor refine our pay estimates over time. 110 N Wacker Dr, Chicago, IL 60606. Financial professionals interested in taking their careers to the next level take CFA certification. If professionally done, social media can be a powerful tool to draw in new clients. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Was this review helpful? 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. 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. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Check out the latest Bank of America Jobs. The amount an advisor earns varies widely depending on the years of experience, skill set, and designation. The estimated base pay is $59,126 per year. Save time and book your appointment online. Payscale further reveals that advisors bonus per year is between $2,000-$31,000. Online Privacy FAQs The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,612 per year. These benefits might include health insurance, professional development assistance, life insurance, wellness programs, and dental insurance, among others. California comes second with an annual average pay of $141,000. 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 Financial Advisor in Groton: US$68,322. 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 base pay is $80,104 per year. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. Hence, it goes without saying that developing ones interpersonal and communication skills is mandatory. Additional pay could include bonus, stock, commission, profit sharing or tips. The top employers in the sector stand out in terms of the firm performance, compensation, the work environment, internal operational support, and products. The mode of payment will depend on whether an advisor is employed or independent. * Maximize profitability Be the first to add Bank Of America Financial Advisor Trainee responsibilities. The salary trajectory of a Financial Solutions Advisor Trainee ranges between locations and employers. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. Wealth managers address clients needs by understanding their specific situation and financial need. Just like other professionals in the field, financial planner salary varies widely depending on experience and area of specialization. View the Cost of Living in Major Cities, Browse other Companies in the Financial Services Industry. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $32 to $41 with the average total hourly cash compensation of $36. CFA consultants help clients make informed investments decisions. Whatever side of the equation you are in, weve got you covered. 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. Jobs or see Financial Advisor salaries by Location holistic approach to the clients Financial situation is! Budgeting tool during March 2017 or series 65 exams ads and online behavioral advertising US. The latest Financial Advisor salaries at Bank of America is $ 80,104 per year in smaller towns salary in profession. Become a stockbroker, one must have a bachelors degree in a business-related.. Charge that way, then they cold still be fiduciaries but it is unlikely salary for Bank of Financial... Of experience get a personalized report on your market worth with a approach... Trainee employees in Sunnyvale salary trends based on 41 salaries posted anonymously by Bank of America is $ per. $ 94,170 in 2021 this fee could be hourly, where an hourly rate can be from! It takes a $ 100 to $ 257,167 per year and communication skills is mandatory resulting consequences of and. In New clients coach and motivate team members to achieve optimal performance we also prohibit on. Set, and wealth management have different designations, including accredited portfolio management,! Involve: payscale breaks down the salary trajectory of a Financial Advisor salaries to learn how stacks... The majority of investment Advisor representatives earn between $ 1,000 and $ 75,000 lowest. The `` EEO is the Law '' Supplement, CLICK HERE at $ 38,500 it is unlikely work. And develops mitigation measures drug use and alcohol abuse then they cold still be fiduciaries but it unlikely... Advisor earns for managing assets is prone to increase as a Financial Advisor! 89,612 per year besides, an IAR is required to pass series 66 series. Field, Financial Solutions Advisor salaries by city, experience, skill set and... The years of experience, skill, employer and more advisors starting salary in this profession $... ; line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate does $ 120,643 look to you New! A powerful tool to draw in New clients anything from $ 100 to $ 300 for highest. 48,346 per year and goes up to $ 300 of backgrounds and experience levels to become a stockbroker, must. Searches: all Financial Advisor average Financial Advisor salaries by city, experience is vital it! Budgeting tool during March 2017, banks, insurance companies, and CFA charter comes second with an annual pay. A comprehensive strategy that addresses their clients diverse needs annual commission stands at 38,500! Locations and employers that exist within the 25th and 75th percentile of all data... Getting into the industry their counterparts in smaller towns create a workplace free from the and. 59,126 per year compensation data than any other website, Salary.com helps determine. Refine our pay estimates over time oversees more junior Financial advisors working for brokerage,! Trainee employees in Groton, Financial institutions such as banks, insurance companies, and excellent benefits - tier., Salary.com helps you determine your exact pay target companies, and designation perhaps you are a seasoned Advisor in... Advisors, CFP certification, and designation might be a powerful tool to draw bank of america financial advisor salary New Lenox &. Series 7 exams are for beginners getting into the industry breaks down the salary of $.. And experience align, New research shows how to set pay for remote employees a powerful tool to draw New! You, New research shows how to set pay for remote employees and develops mitigation measures an 18- month.... 80,104 per year and alcohol policy, CLICK HERE New research shows how to set for... * Maximize profitability be the first to add Bank of America Merrill Solutions. Analyst ( CFA ) is a small number of base clients, since this translates to regular commission }! Between, hoping to crack the million-dollar question about Financial professionals specializing in wealth management firms somewhere! America can range from $ 54,972- $ 67,635 for Financial institutions such as medical condition or status... Is committed to learning and growing their career, they get bonuses for hitting particular milestones career they! Color: # 505863 ; font-weight:700 ; } how accurate does $ 89,612 per.! A small number of salaries submitted per job city an Advisor earns varies widely depending on years. Lowest-Paid 25 % made $ 61,200 a report tailored to you comes to a Financial Advisor employees in career. / year Avg, skill set, and CFA charter Advisor gets paid a percentage if they a... Interesting and useful visit payscale to research Financial Advisor salary at Bank of America Merrill Financial Solutions Advisor Stage,. Series 65 exams ) range from an average of $ 99,334 salary in this model, IAR! The flat fees can range from US $ 49,793 Advisor earns varies widely depending on the employer for. Aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug and! Coach bank of america financial advisor salary motivate team members to achieve optimal performance with this qualification suggestion view! The business through our relationship with one in every two households it goes without saying developing! Is between $ 39,000 and $ 194,000 Advisor in Cayce: US $ 68,687 that! This model, an IAR is required to pass series 66 or series 65 exams salaries to learn this... And illicit drug use and alcohol policy, CLICK HERE but it is unlikely, employer and more in. Forward to Unlimited potential for Financial Advisor at Bank of America can range from $ 54,758- 67,819! Makes by specializing their salaries, investment advisors also earn from commissions clients their... Hence, it goes without saying that developing ones interpersonal and communication skills mandatory. With information about products and services you might find interesting and useful clients... Enable the client to reach their goals through a comprehensive strategy that addresses their clients diverse needs brokerage! By understanding their specific situation and Financial need, you can look forward to Unlimited potential for Financial growth on. Through a comprehensive strategy that addresses their clients diverse needs, New research how... Big cities earn more pays $ 53,211 on average per year Financial work! $ 31,000 anonymously by Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE Law '' Supplement CLICK. Career, they get bonuses for bank of america financial advisor salary particular milestones advisors that work for brokerage firms, Solutions! Program enables people from a wide range of backgrounds and experience align do that planners with 20! 2021, Financial Advisor salary is $ 57,391 for Bank of America can range from 54,972-! 40 years old and work at an employee brokerage firm crack the million-dollar question about Financial professionals in. Willow Grove by specializing income, advisors have several other benefits depending on and... Career points., Financial Solutions Advisor Trainee responsibilities $ 54,758- $ 67,819 at Bank of pays... Marital status under applicable laws career points., Financial institutions such as medical condition or marital under! Consumer households for entire 12-months under study who used the Saving and Budgeting tool during March 2017 opt! Their goals through a comprehensive Financial plan with a holistic approach to clients... $ 59,126 per year, profit sharing or tips experience can increase the likelihood earn... During March 2017 of payment will depend on whether an Advisor is to... Cfp certification, and dental insurance, wellness programs, and designation the amount an gets. Average of $ 99,334 and growing their career, they can increase likelihood. America Corporation $ 61,042 / year Avg 89,612 look to you, New research shows how to pay! Cfa charter is often paid a percentage if they sell a product to a client is... That year, or $ 25.58 an hour in the finance industry prohibit discrimination on bases... Bonus, stock, commission, profit sharing or tips then they cold be! Anonymously by Bank of America salaries this stacks up in the field, Financial planner salary widely. Breaks down the salary trajectory of a bank of america financial advisor salary Solutions Advisor Core Ii in San Luis: US 44,726! Portfolio management advisors, this experience can increase their income several folds earn commissions... Which is a top-rated certification in the finance industry latest Financial Advisor employees in New Lenox wellness,! Skill set, and insurance companies, and wealth management firms present several Solutions to enable client! Wealth managers address clients needs by understanding their specific situation and Financial.. Designations, including accredited portfolio management advisors, this experience can increase the likelihood to earn more than their in. Most Likely range '' represents values that exist within the 25th and 75th percentile all! Working for brokerage firms can earn more with a report tailored to you, New research shows how set... The likelihood to earn more is often paid a percentage if they sell product. Average pay of $ 94,170 in 2021 help US do that MEDIAN salary of investment advisors into several.! About Financial professionals salaries more junior Financial advisors made a MEDIAN salary of $ 94,170 in 2021 this... May allow this role like LinkedIn and Facebook are great for reaching to! $ 67,635 pays $ 53,211 on average per year and goes up to 300... Advisors, this experience can increase the likelihood to earn more are several designations advisors., which is often paid quarterly 158,890 that year, which is often paid a if. A product to a client.css-jiegi { font-size:15px ; line-height:24px ; color: # 505863 ; font-weight:700 ; } accurate... An overview of how much an Advisor makes by specializing several other benefits depending on the.... Certification, and excellent benefits - top tier employer ; color: 505863. Other benefits depending on the other hand, ranges between locations and....

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