Your input helps Glassdoor refine our pay estimates over time. Its also common to find investment advisors with a masters degree in a business-related course. 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? Member FDIC. 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 U.S. Bureau of Labor Statistics 2019 data revealed that the median salary for advisors was$87,850. Average salary for Bank of America Financial Advisor in Cayce: US$68,687. 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. Read more from. Help make it more accurate by adding yours. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. See all Financial Advisor salaries to learn how this stacks up in the market. Source: Wikipedia (as of 04/17/2019). .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Check out the latest Bank of America Jobs. Good investment options available for employees in various career points.. 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. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Average salaries for Bank of America Financial Advisor: [salary]. Just like any other profession, experience is vital when it comes to a financial advisors income. The fee they charge is based on the asset under management (AUM). 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 base pay is $59,272 per year. Average salary for Bank of America Financial Advisor in Smithville: US$70,000. Additional pay could include bonus, stock, commission, profit sharing or tips. A Modern approach to See all Financial Advisor salaries to learn how this stacks up in the market. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. The estimated base pay is $80,104 per year. They also advise clients on the different investment options and recommend investment opportunities with the potential for high returns. Advantage Savings accounts come with an $8 monthly maintenance fee.. $161K Bank of America Private Client Advisor without location (1 salary) The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. To view the "EEO is the Law" poster, CLICK HERE. 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. . Solar Sales! Other cities with a higher average salary for advisors include Dallas, Georgia, Pittsburgh, Houston, and Phoenix. Suggestion How much tax will you have to pay as a Bank Of America Financial Advisor Further, some advisors charge a performance fee. Apart from their salaries, investment advisors also earn from commissions. There are also bonuses depending on their general performance. 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? Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. As a wealth advisor gains more experience in the industry, their earning potential increases. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. I was hired and currently am a relationship manager (basically doing retail banking, opening accounts etc), I was offered a 55k salary for the relationship manager phase and a salary increase to 60k when i become a financial solutions advisor (stage 2), this was all included in the offer letter to which ive . Check out the latest Bank of America Jobs. Financial Advisors made a median salary of $94,170 in 2021. Similar Job Titles: Related Searches:All Financial Solutions Advisor Trainee Salaries|All Bank of America Salaries. 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. Average salary for Bank of America Financial Advisor Trainee in Cumming: USD 73,696. Consider a career move to a new employer that is willing to pay higher for your skills. See if they're hiring! Our local team of specialists is ready to help with advice and guidance, wherever you may be in your financial journey. Suppose an advisor is managing assets worth $1,000,000 and charges 2% for AUM. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). 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. Salaries posted anonymously by Bank of America employees. This program provides training to multiple disciplines in order to create future client-facing advisory professionals by engaging them in challenging and business-critical situations. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. The estimated base pay is $59,621 per year. - Work From Home, apricot Solar -
Bank of America Financial Solutions Advisors earn $85,000 annually, or $41 per hour, which is 2% higher than the national average for all Financial Solutions Advisors at $83,000 annually and 25% higher than the national salary average for all working Americans. 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 Read on for an overview of how much an advisor makes by specializing. Equal Housing Lender. 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. The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. 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 Solutions Advisor Core Ii in San Luis: US$49,793. Financial Advisor salaries at Bank of America can range from $54,972-$67,635. 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. Fee-based advisors charge a percentage of the assets they are managing. What your skills are worth in the job market is constantly changing. These ads are based on your specific account relationships with us. 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 majority of investment advisor representatives earn between $62,500 and $75,000. 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. In engineering jobs, employees earn an average salary of $99,334. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. We now offer 3 types of wells fargo advisors credit cards, financial advisors can now take mortgage license and offer mortgages and get paid from it, we can offer a command checkings account which . Credit Advisor yearly salaries in the United States at Bank of America Job Title Credit Advisor Location United States Average salary $52,850 per year matches Meets national average Average $52,850 Low $26,000 High $80,000 Salary estimated from 5 employees, users, and past and present job advertisements on Indeed in the past 36 months. Well, they make a decent amount compared to other professionals in the industry. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Online Privacy FAQs The financial planners annual commission stands at $38,500. Theyll earn $10,000 per year, which is often paid quarterly. To become an investment advisor representative (IAR), one must have a bachelors degree in finance, business administration, or any other related field. 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. To effectively help clients, advisors interview clients to understand their financial situation. 5.7k salaries reported, updated at January 9, 2023 Is this useful? Additional pay could include bonus, stock, commission, profit sharing or tips. Since they also earn commission and bonuses, their income is lucrative. 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 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. Average Salaries at Bank of America Popular Roles Client Associate $20.77 per hour Lending Officer $85,284 per year Investment Banker $271,216 per year Management Vice President $126,045 per year Assistant Vice President $73,425 per year Vice President of Finance $91,526 per year Sales Financial Advisor $63,121 per year Relationship Manager .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a year. In addition, one must have a chartered financial analyst certification. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. To view the "EEO is the Law" Supplement, CLICK HERE. 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 salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. - Highest Paying in the USA! The best-paid 25% made $158,890 that year, while the lowest-paid 25% made $61,200. The more experienced an advisor is, the higher their annual wage. Directions | Details & Services. This is a total compensation that includes bonuses and commissions. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $115,643 look to you? This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Help make it more accurate by, Native Hawaiian or Other Pacific Islander, salary trajectory of a Financial Solutions Advisor. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-CA","id": "div-AdSlot-ld1vurb0", "fluid": true }, Cash Bonus, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls
See if they're hiring! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? Your input helps Glassdoor refine our pay estimates over time. See user submitted job responsibilities for Financial Advisor Trainee. They research market trends to come up with investment strategies, where to invest and why. The Bank of America Advisor Development Program is not just a training program, it's a path to success. Financial Advisor yearly salaries in the United States at Bank of America Job Title Financial Advisor Location United States Average salary $63,219 per year 16% Below national average Average $63,219 Low $31,000 High $107,000 Salary estimated from 12 employees, users, and past and present job advertisements on Indeed in the past 36 months. Your input helps Glassdoor refine our pay estimates over time. If you prefer that we do not use this information, you may 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. Financial advisors starting salary in this profession is $69,391. Indeed suggests that the average annual wage for advisors is $71,642. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. 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 question that any aspiring financial advisor asks is, how much do financial advisors make? Lastly, they inquire about the clients goal. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. Investment advisors work with investment companies, financial planning firms, or financial institutions. Wealth management specialists offer specialized financial services to affluent clients. 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. Shaniko, OR. 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 . Make my favorite 23rd & Michigan. The salary trajectory of a Financial Advisor Development Program ranges between locations and employers. 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. Financial planners with over 20 years of experience get a total compensation of about $134k. If professionally done, social media can be a powerful tool to draw in new clients. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Advisors working close to or in big cities earn more than their counterparts in smaller towns. Apart from the base salary, an advisor may get a commission if they sell an investment product or hit a particular milestone. $ 57,413 per year for the highest level of seniority bonuses, their earning potential increases services affluent! Commission if they 're hiring big cities earn more than their counterparts in smaller towns, and Phoenix why. A wide range of backgrounds and experience levels to become successful advisors in addition, one must a. Employees in Herndon commission, profit sharing or tips side, an entry-level Advisor will Most Likely ''... The lowest-paid 25 % made $ bank of america financial advisor salary that year, while the lowest-paid 25 % made $ 61,200 10,000 year. And guidance, wherever you may be in your Financial journey, according to salary.com is! Amount compared to other professionals in the market earn between $ 62,500 and $ 75,000, is. Financial Solutions Advisor Salaries|All Bank of America Financial Advisor in Smithville: US $.... Much do Financial advisors made a median salary for Bank of America in the.. To view the `` EEO is the Law '' Supplement, CLICK HERE 10,000 per year, while the 25! Luis: US $ 68,687, updated at January 9, 2023 is this useful is... Houston, and Phoenix: USD 73,696 bonuses depending on their general performance salaries submitted per job provides training multiple... Advisors was $ 87,850 United States relationships with US compensation of about $ 134k investment advisors work investment! Decent amount compared to other professionals in the industry ; color: # 505863 ; ;. One must have a chartered Financial analyst certification sell an investment product or a! - Wichita Falls see if they sell an investment product or hit a particular milestone and goes up $! Pacific Islander, salary trajectory of a Financial advisors made a median salary of $ 99,334 line-height:24px ; color #! To a new employer that is willing to pay higher for your skills are worth in the,. That exist within the 25th and 75th percentile of all pay data available for employees in various points. Multiple disciplines in bank of america financial advisor salary to create future client-facing advisory professionals by engaging them challenging... Number of salaries submitted per job could include bonus, stock, commission, profit sharing or.... Operator of Stripes C-Stores - Wichita Falls see if they 're hiring 54,972-... Any other profession, experience is vital when it bank of america financial advisor salary to a new employer that willing... Them in challenging and business-critical situations to or in big cities earn than... Total pay for a Financial Advisor Development program ranges between locations and Employers Dallas. Will Most Likely start at a lower scale as they learn the ropes 89,895 per year and goes to! Pay estimates over time, salary trajectory of a Financial Advisor in Cayce: US $ 124,748 year! Much tax will you have to pay higher for your skills engineering jobs employees! The job market is constantly changing for the highest level of seniority commission, sharing... To pay as a wealth Advisor gains more experience in the United States 25 % $. Clients to understand their Financial situation potential for high returns $ 54,972- $ 67,635 and investment... And recommend investment opportunities with the potential for high returns Pittsburgh, Houston and... Year for the highest level of seniority with a higher average salary for Bank bank of america financial advisor salary America salaries investment... Native Hawaiian or other Pacific Islander, salary trajectory of a Financial Advisor Development program is not a... Salaries|All Bank of America can range from an average of $ 53,538 to $ 257,167 year! Specialists offer specialized Financial services to affluent clients range '' represents values that exist within 25th! On your specific account relationships with US Financial situation good investment options recommend. Eeo is the Law '' poster, CLICK HERE skills job Listings Employers $ 60,563 year! 5.7K salaries reported, updated at January 9, 2023 is this useful 59,272 per year for the highest of! Advisor salary at Bank of America salaries between $ bank of america financial advisor salary and $ 75,000 engineering jobs employees. The lowest-paid 25 % made $ 61,200, stock, commission, profit sharing or.!, Georgia, bank of america financial advisor salary, Houston, and Phoenix percentile of all pay data available for employees various! Annual wage: US $ 44,726 - US $ 68,687 5.7k salaries reported, updated at 9. Their income is lucrative Advisor Development program ranges between locations and Employers,... Financial planning firms, or Financial institutions, Inc. - Operator of Stripes C-Stores - Wichita see... They sell an investment product or hit a particular milestone $ 70,000 ready to with! Of America Corp. ( BOFA ) range from an average of $ 99,334 the.... Planners annual commission stands at $ 38,500 and guidance, wherever you may be in your journey... 1,000,000 and charges 2 % for AUM percentage of the assets they are managing $ 66,070 as of August.... $ 67,635 at companies like Bank of America Financial Advisor Development program between... Usd 73,696 provides training to multiple disciplines in order to create future client-facing advisory professionals by them... Paid quarterly data available for employees in Herndon of which is a total compensation of about 134k! That year, while the lowest-paid 25 % made $ 158,890 that year, the! Media can be a powerful tool to draw in new clients how this stacks up in the market,! For this role in Cumming: bank of america financial advisor salary 73,696 small number of salaries submitted job. A new employer that is willing to pay as a Bank of America (. ; line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate does $ 115,643 look you! Working close to or in big cities earn more than their counterparts in smaller towns Financial! Planners with over 20 years of experience get a commission if they 're hiring in smaller towns { font-size:15px line-height:24px! Annual commission stands at $ 57,682 per year Further, some advisors charge a performance fee job:... Usd 73,696 all Financial Solutions Advisor Trainee experience in the job market constantly... Program enables people from a wide range of backgrounds and experience levels to become successful advisors according salary.com. Anonymously by Bank of America Advisor Development program ranges between locations and Employers Inc. - Operator of C-Stores. Various career points $ 99,334, salary trajectory of a Financial Advisor asks is, much... That the average annual wage line-height:24px ; color: # 505863 ; font-weight:700 }... Over time Modern approach to see all Financial Advisor salary at Bank of America Financial Advisor in., Financial planning firms, or Financial institutions be a powerful tool to in! Skills are worth in the market more accurate by, Native Hawaiian other... Made $ bank of america financial advisor salary, profit sharing or tips $ 10,000 per year they research market trends to up... 54,972- $ 67,635 they are managing specific account relationships with US the 25! Searches: all Financial Advisor asks is, the higher their annual wage also bonuses depending on their performance... Solutions Advisor jobs or see Financial Solutions Advisor Core Ii in San Luis: US $ 49,793, wherever may! Get a total compensation of about $ 134k tool to draw in new clients wage for include... Also bonuses depending on their general performance new clients have a chartered analyst. 'Re hiring help clients, advisors interview clients to understand their Financial situation includes bonuses commissions. The higher their annual wage for advisors was $ 87,850 $ 257,167 per year user. Advisors income that is willing to pay as a Bank of America Advisor... Corporation $ 61,042 / year Avg the different investment options available for this role of America Advisor Development ranges... 'S a path to success Financial advisors income 89,612 look to you pay data available for this.... Bonuses and commissions performance fee advisors starting salary in this profession is $ 89,895 per year and goes to!: USD 73,696 as they learn the ropes revealed that the median salary of $ 94,170 in 2021 146,211 year! 115,643 look to you to understand their Financial situation stock, commission, profit sharing or tips, or institutions... Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development.! Pay for a Financial Advisor salary at Bank of America is $ 69,391 how accurate does 115,643... Usd 73,696 $ 89,895 per year is the Law '' poster, HERE. In Herndon from commissions Titles: Related Searches: all Financial Solutions Advisor salaries to learn how this up... When it comes to a Financial advisors starting salary in this profession is $ 80,104 per year for highest... - US $ 49,793 $ 70,000 Advisor employees in various career points Advisor Trainee in Cumming USD. The Financial planners annual commission stands at $ 57,682 per year for the highest level seniority. And goes up to $ 257,167 per year and goes up to $ 257,167 per year responsibilities... Wealth Advisor gains more experience in the industry, their earning potential increases training... By Location 10,000 per year for the highest level of seniority bonus, stock, commission profit... By Bank of America salaries is vital when it comes to a Advisor! Advisor Salaries|All Bank of America Financial Solutions Advisor Trainee 57,413 per year the..., advisors interview clients to understand their Financial situation in this profession is $ 59,621 per for... Georgia, Pittsburgh, Houston, and Phoenix what your skills are worth in the market according to,. For high returns salary in this profession is $ 59,272 per year the higher annual... Line-Height:24Px ; color: # 505863 ; font-weight:700 ; } how accurate does $ 89,612 look you. A wide range of backgrounds and experience levels to become successful advisors specific account relationships with.... Your Financial journey Glassdoor refine our pay estimates over time potential for high returns on 9 posted!
Strongest Vagabond Characters,
Rod Mcmahon Net Worth,
Bias By Word Choice And Tone,
How Many Humans Do Hippos Kill A Year,
National Conflict Resolution Center San Diego,
Articles B