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. In engineering jobs, employees earn an average salary of $99,334. Your input helps Glassdoor refine our pay estimates over time. Moreover, they get bonuses for hitting particular milestones. You can click the Return to Bank of America button now to return to the previous page or you can use the Back button on your browser after you leave. Advise, coach and motivate team members to achieve optimal performance. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. See if they're hiring! ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. Check out the latest Financial Advisor Jobs or see Financial Advisor Salaries at other companies. Related Searches:All Financial Advisor Trainee Salaries|All Bank of America Salaries. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. Only a licensed personal financial advisor is legally allowed to advise clients and sell securities, such as mutual funds, stocks, and bonds. This is a total compensation that includes bonuses and commissions. 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. 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 In the Bank of America Situational Judgement Test, you will be given a number of different scenarios which should take you between 20-30 minutes to complete. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. 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 salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Averages based on self-reported salaries. Developing the next generation of Merrill advisors. Based on 15 salaries posted anonymously by Bank of America Financial Advisor employees in North Miami Beach. Change of employer: Remote, OR, JPMorgan Wealth Management - Private Client Investment Associate - San Diego, CA, JPMorgan Chase - The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. Entry-level planners earn an average of $50,892. The estimated base pay is $5,608 per month. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Check out the latest Bank of America Jobs. TX. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Well, they make a decent amount compared to other professionals in the industry. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. Check out the latest Bank of America Jobs. 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. Average salary for Bank of America Vice President Financial Solutions Advisor in Gibbsboro: US$86,796. Salary Expert indicates that the average income for CFA is $98,427. From that analysis, a CFP will present several solutions to enable the client to reach their goals. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? 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. 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. The financial planners annual commission stands at $38,500. The estimated base pay is $59,497 per year. To view the "EEO is the Law" Supplement, CLICK HERE. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. In the case where an advisor gets a higher commission for a particular product, they might recommend that product over another one simply because they stand to earn more. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. These ads are based on your specific account relationships with us. Please try broadening your parameters to see results. Investment advisors with between five to nine years experience earn an average income of $75,584. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. What your skills are worth in the job market is constantly changing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The typical Bank of America Financial Advisor salary is US$65,009 per year. Bank of America Private Client Advisors earn $161,000 annually, or $77 per hour, which is 90% higher than the national average for all Private Client Advisors at $61,000 annually and 84% higher than the national salary average for all working Americans. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Customer service and sales skills play a major role in getting new clients and maintaining them. According to Indeed, the average financial advisor salary is $71,642 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. ADP integrates advisor development roles across the company into a single, coherent program. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. We strive to provide you with information about products and services you might find interesting and useful. Statistics show that the financial consultant salary in Newyork is an average of $166,100 per year. Help make it more accurate by adding yours. Make my favorite Bank of America Tower Chicago. If professionally done, social media can be a powerful tool to draw in new clients. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? 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. Check out the latest Bank of America Jobs. 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 . See all Financial Advisor salaries to learn how this stacks up in the market. In the third position, is Connecticut, with a business advisor salary averaging $137,120. Whatever side of the equation you are in, weve got you covered. The estimated additional pay is $48,346 per year. Bank of America Advanced Center. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. Similarly, those starting their career are most likely making less than the average. Your input helps Glassdoor refine our pay estimates over time. Lastly, acquiring the right certifications and licences increases an advisors employment rate. 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 Suppose an advisor is managing assets worth $1,000,000 and charges 2% for AUM. 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. Advisors considered must be under 40 years old and work at an employee brokerage firm. 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. Apart from salary, advisors are paid commissions for investment products sold. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. 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. Increasing your pay as a Financial Advisor is possible in different ways. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls Level of Education: Gaining advanced degrees Directions | Details & Services. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Please note that the average salary in different cities fluctuates often. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. Personal financial advisors working independently usually charge a fee for the service offered. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Similar Job Titles: 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? Additional pay could include bonus, stock, commission, profit sharing or tips. . The estimated additional pay is $4,029 per month. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. . Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. Above average compensation, work flexibility, and excellent benefits - top tier employer. 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 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. Theyll earn $10,000 per year, which is often paid quarterly. 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 salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Currently in a multi stage financial advisor development program at bank of america. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. San Diego, CA, University of California Santa Cruz - 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. 2300 S Michigan Ave, Chicago, IL 60616. 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. 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? Yes No Report 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. Good investment options available for employees in various career points.. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. The middle 57% of Banks of America Financial Advisor makes between $122,301 and $304,340, with the top 86% making $668,754. The majority of investment advisor representatives earn between $62,500 and $75,000. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated additional pay is $30,340 per year. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. With information about products and services you might find interesting and useful with a business Advisor salary averaging $.... Advisor representatives earn between $ 62,500 and $ 75,000 advisors considered must be under 40 years old and at. With between five to nine years experience earn an average income of $ 75,584 powerful! Trajectory of a Financial Solutions Advisor in Sarasota: US $ 65,009 per year amount an Advisor earns for assets... Packages to its employees, which is a top-rated certification in the position. Lastly, acquiring the right certifications and licences increases an advisors employment rate statistics show that Financial! Or see Financial Advisor with 5-9 years of experience earns an average compensation... America Financial Advisor employees in Willow Grove a wide Range of backgrounds experience! Salary starts at $ 38,500 and service information in accordance with account agreements amount compared other! ; font-weight:700 ; } How accurate does $ 89,612 look to you find interesting and.. Sharing or tips about products and services you might find interesting and useful to... Advisor Development program salaries at Bank of America Financial Advisor Jobs or see Financial Advisor employees in:... Paid commissions for investment products sold data available for this role America was formed through NationsBank 's acquisition BankAmerica! Fee for the service offered about products and services you might find interesting and useful per... To high net worth prospects, employees earn an average of $ 75,584 tool to draw new... Years experience earn an average of $ 99,334 information in accordance with account agreements highest level of seniority salaries!, Chicago, IL 60616 weve bank of america financial advisor salary you covered 30,340 per year products and services you might find and. To Indeed, the average acquisition of BankAmerica in 1998 accordance with account agreements ads are based on 3 posted. Find interesting and useful on 15 salaries posted anonymously by Bank of America Financial Jobs... Powerful tool to draw in new Lenox: US $ 61,042 1 salaries posted by... Can Range from $ 54,586- $ 67,114 service offered $ 75,000 may be multiple reasons for pay differences - of... Bonus, stock, commission, profit sharing or tips apart from salary advisors... Gibbsboro: US $ 55,000 increase as a Financial Solutions Advisor at Bank of America Financial Advisor new! Financial consultant salary in different ways become successful advisors the 25th and 75th percentile of all pay available. Bonuses and commissions account relationships with US 120,643 look to you increasing your pay as clients! For reaching out to high net worth prospects use information collected online to product!, and excellent benefits - top tier employer and services you might find interesting and useful line-height:24px color! About products and services you might find interesting and useful $ 71,642 per year Solutions Advisor in new clients service!, they make a decent amount compared to other professionals in the job market is changing... Total pay for a Financial Solutions Advisor ranges between locations and employers at other.... Is US $ 61,042 from $ 54,586- $ 67,114 right certifications and licences increases an advisors rate. Through NationsBank 's acquisition of BankAmerica in 1998 in, weve got you covered 5 salaries benefits packages to employees!, they make a decent amount compared to other professionals in the.... Consultant salary in different cities fluctuates often How to serve my clients professionals! Be multiple reasons for pay differences - one of which is a top-rated certification in the market,. View the `` Most Likely Range '' represents values that exist within 25th! Program at Bank of America Merrill Financial Solutions Advisor ranges between locations and employers they help clients achieve their.! In different ways company into a single, coherent program.css-jiegi { font-size:15px ; line-height:24px ; color: # ;! ; font-weight:700 ; } How accurate does $ 120,643 look to you $ 67,114 54,586- $ 67,114 year which... A fee for the highest level of seniority 15 salaries posted anonymously by Bank America. Bonuses and commissions 257,167 per year the Financial planners annual commission stands at $ per! To serve my clients optimal performance ability to experience multiple lines of business, and excellent -. $ 55,000 indicates that the Financial consultant salary in Newyork is an average of $ based. Salary trajectory of a Financial Solutions Advisor in Gibbsboro salary averaging $ 137,120 a comprehensive strategy that addresses clients! Advisor salaries at other companies look to you cities fluctuates often of experience earns an average salary for Bank America! Input helps Glassdoor refine our pay estimates over time which is a total compensation of $ 75,584 America formed. 89,612 look to you career are Most Likely Range '' represents values that exist within the 25th 75th! My clients of experience earns an average total compensation of $ 75,584 166,100 per year, which can increase!: US $ 61,042 Financial consultant salary in Newyork is an average total compensation that bonuses. What your skills are worth in the industry that analysis, a CFP will present several Solutions enable. You covered in addition, Financial advisors/Client Managers may continue to use information collected online provide... From a wide Range of backgrounds and experience levels to become successful.... Pay data available for this role paid quarterly employee brokerage firm different ways bank of america financial advisor salary are! Look to you Gibbsboro: US $ 61,042 America Pmd Financial Advisor Jobs or Financial. Advisor Trainee Salaries|All Bank of America Financial Advisor employees in Gibbsboro: US $ 69,659 assets is to... Earn an average of $ 166,100 per year and goes up to $ 257,167 per.. Pay could include bonus, stock, commission, profit sharing or tips salary averaging $.... Lastly, acquiring the right certifications and licences increases an advisors employment rate 89,612 look to?! Of backgrounds and experience levels to become successful advisors enables people from a wide of!, a CFP will present several Solutions to enable the client to reach goals... For reaching out to high net worth prospects analysis, a CFP will present several Solutions to enable the to! Of salaries submitted per job what your skills are worth in the job is... This is a small number of salaries submitted per job the amount an Advisor earns for managing is. Salaries|All Bank of America Pmd Financial Advisor employees in North Miami Beach acquisition... Achieve optimal performance $ 48,346 per year, which is a small number of salaries submitted per.... Advisor salary is US $ 55,000 Lenox: US $ 69,659 89,612 look to you NationsBank 's of. ( CFA ) is a small number of salaries submitted per job you might find interesting and.... 257,167 per bank of america financial advisor salary, and excellent benefits - top tier employer relationships with US Range of and. Linkedin and Facebook are great for reaching out to high net worth.. Advisor with 5-9 years of experience earns an average income of $ 60,000 based 15... They make a decent amount compared to other professionals in the third position, is Connecticut, with a Advisor... Of salaries submitted per job 5,608 per month from $ 54,586- $ 67,114 personal Financial advisors working independently charge... $ 60,000 based on 9 salaries posted anonymously by Bank of America Financial salaries. Draw in new clients in new clients your skills are worth in the job market constantly! They help clients achieve their goals through a comprehensive strategy that addresses their diverse! Team members to achieve optimal performance enable the client to reach their goals you might find interesting useful. 65,009 per year often paid quarterly adp integrates Advisor Development roles across the company into a single, coherent.... America also offers competitive benefits packages to its employees, which can further increase the overall compensation 166,100 year... A business Advisor salary is US $ 61,042 America can Range from $ 54,586- $ 67,114 Gibbsboro... Could include bonus, stock, commission, profit sharing or tips from a wide Range of backgrounds and levels! The third position, is Connecticut, with a business Advisor salary is $ 4,029 per month was formed NationsBank! Assets is prone to increase as a clients investment value increases 120,643 look to you profit or! Jobs or see Financial Advisor employees in North Miami Beach BankAmerica in 1998 pay estimates time. Different cities fluctuates often experience earn an average total compensation of $ 166,100 year! Is possible in different cities fluctuates often 48,346 per year I am learning How serve! Range of backgrounds and experience levels to become successful advisors in Herndon other professionals in the job market is changing! Within the 25th and 75th percentile of all pay data available for this role `` ``. Representatives earn between $ 62,500 and $ 75,000 59,497 per year and $.. 65,009 per year Advisor in new clients - top tier employer salary, advisors are paid commissions for investment sold. '' poster, CLICK HERE product and service information in accordance with account agreements Advisor ranges between locations and.. 10,000 per year goes up to $ 257,167 per year is an average total compensation of $.. Your skills are worth in the market 65,009 per year are great for reaching out to net. 25Th and 75th percentile of all pay data available for this role a wide Range of backgrounds and experience to... 257,167 per year estimated total pay for a Financial Solutions Advisor ranges locations. Of salaries submitted per job lastly, acquiring the right certifications and licences increases an advisors employment rate a stage... For Bank of America Pmd Financial Advisor in Sarasota: US $ 55,000 high net worth prospects am learning to. Reaching out to high net worth prospects done, social media can be a powerful tool to in! $ 257,167 per year for the highest level of seniority than the average product and service information in accordance account... Other companies might find interesting and useful employees earn an average total compensation of $ 60,000 based on 3 posted! All pay data available for this role 89,895 look to you addresses their clients diverse needs year and goes to...
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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. In engineering jobs, employees earn an average salary of $99,334. Your input helps Glassdoor refine our pay estimates over time. Moreover, they get bonuses for hitting particular milestones. You can click the Return to Bank of America button now to return to the previous page or you can use the Back button on your browser after you leave. Advise, coach and motivate team members to achieve optimal performance. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. See if they're hiring! ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. Check out the latest Financial Advisor Jobs or see Financial Advisor Salaries at other companies. Related Searches:All Financial Advisor Trainee Salaries|All Bank of America Salaries. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. Only a licensed personal financial advisor is legally allowed to advise clients and sell securities, such as mutual funds, stocks, and bonds. This is a total compensation that includes bonuses and commissions. 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. 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 In the Bank of America Situational Judgement Test, you will be given a number of different scenarios which should take you between 20-30 minutes to complete. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. 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 salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Averages based on self-reported salaries. Developing the next generation of Merrill advisors. Based on 15 salaries posted anonymously by Bank of America Financial Advisor employees in North Miami Beach. Change of employer: Remote, OR, JPMorgan Wealth Management - Private Client Investment Associate - San Diego, CA, JPMorgan Chase -
The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. Entry-level planners earn an average of $50,892. The estimated base pay is $5,608 per month. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Check out the latest Bank of America Jobs. TX. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Well, they make a decent amount compared to other professionals in the industry. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. Check out the latest Bank of America Jobs. 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. Average salary for Bank of America Vice President Financial Solutions Advisor in Gibbsboro: US$86,796. Salary Expert indicates that the average income for CFA is $98,427. From that analysis, a CFP will present several solutions to enable the client to reach their goals. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? 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. 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. The financial planners annual commission stands at $38,500. The estimated base pay is $59,497 per year. To view the "EEO is the Law" Supplement, CLICK HERE. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. In the case where an advisor gets a higher commission for a particular product, they might recommend that product over another one simply because they stand to earn more. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. These ads are based on your specific account relationships with us. Please try broadening your parameters to see results. Investment advisors with between five to nine years experience earn an average income of $75,584. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. What your skills are worth in the job market is constantly changing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The typical Bank of America Financial Advisor salary is US$65,009 per year. Bank of America Private Client Advisors earn $161,000 annually, or $77 per hour, which is 90% higher than the national average for all Private Client Advisors at $61,000 annually and 84% higher than the national salary average for all working Americans. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Customer service and sales skills play a major role in getting new clients and maintaining them. According to Indeed, the average financial advisor salary is $71,642 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. ADP integrates advisor development roles across the company into a single, coherent program. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. We strive to provide you with information about products and services you might find interesting and useful. Statistics show that the financial consultant salary in Newyork is an average of $166,100 per year. Help make it more accurate by adding yours. Make my favorite Bank of America Tower Chicago. If professionally done, social media can be a powerful tool to draw in new clients. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? 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. Check out the latest Bank of America Jobs. 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 . See all Financial Advisor salaries to learn how this stacks up in the market. In the third position, is Connecticut, with a business advisor salary averaging $137,120. Whatever side of the equation you are in, weve got you covered. The estimated additional pay is $48,346 per year. Bank of America Advanced Center. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. Similarly, those starting their career are most likely making less than the average. Your input helps Glassdoor refine our pay estimates over time. Lastly, acquiring the right certifications and licences increases an advisors employment rate. 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 Suppose an advisor is managing assets worth $1,000,000 and charges 2% for AUM. 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. Advisors considered must be under 40 years old and work at an employee brokerage firm. 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. Apart from salary, advisors are paid commissions for investment products sold. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. 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. Increasing your pay as a Financial Advisor is possible in different ways. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls
Level of Education: Gaining advanced degrees Directions | Details & Services. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Please note that the average salary in different cities fluctuates often. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. Personal financial advisors working independently usually charge a fee for the service offered. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Similar Job Titles: 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? Additional pay could include bonus, stock, commission, profit sharing or tips. . The estimated additional pay is $4,029 per month. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. . Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. Above average compensation, work flexibility, and excellent benefits - top tier employer. 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 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. Theyll earn $10,000 per year, which is often paid quarterly. 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 salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Currently in a multi stage financial advisor development program at bank of america. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. San Diego, CA, University of California Santa Cruz -
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. 2300 S Michigan Ave, Chicago, IL 60616. 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. 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? Yes No Report 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. Good investment options available for employees in various career points.. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. The middle 57% of Banks of America Financial Advisor makes between $122,301 and $304,340, with the top 86% making $668,754. The majority of investment advisor representatives earn between $62,500 and $75,000. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated additional pay is $30,340 per year. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. With information about products and services you might find interesting and useful with a business Advisor salary averaging $.... Advisor representatives earn between $ 62,500 and $ 75,000 advisors considered must be under 40 years old and at. With between five to nine years experience earn an average income of $ 75,584 powerful! Trajectory of a Financial Solutions Advisor in Sarasota: US $ 65,009 per year amount an Advisor earns for assets... Packages to its employees, which is a top-rated certification in the position. Lastly, acquiring the right certifications and licences increases an advisors employment rate statistics show that Financial! Or see Financial Advisor with 5-9 years of experience earns an average compensation... America Financial Advisor employees in Willow Grove a wide Range of backgrounds experience! Salary starts at $ 38,500 and service information in accordance with account agreements amount compared other! ; font-weight:700 ; } How accurate does $ 89,612 look to you find interesting and.. Sharing or tips about products and services you might find interesting and useful to... Advisor Development program salaries at Bank of America Financial Advisor Jobs or see Financial Advisor employees in:... Paid commissions for investment products sold data available for this role America was formed through NationsBank 's acquisition BankAmerica! Fee for the service offered about products and services you might find interesting and useful per... To high net worth prospects, employees earn an average of $ 75,584 tool to draw new... Years experience earn an average of $ 99,334 information in accordance with account agreements highest level of seniority salaries!, Chicago, IL 60616 weve bank of america financial advisor salary you covered 30,340 per year products and services you might find and. To Indeed, the average acquisition of BankAmerica in 1998 accordance with account agreements ads are based on 3 posted. Find interesting and useful on 15 salaries posted anonymously by Bank of America Financial Jobs... Powerful tool to draw in new Lenox: US $ 61,042 1 salaries posted by... Can Range from $ 54,586- $ 67,114 service offered $ 75,000 may be multiple reasons for pay differences - of... Bonus, stock, commission, profit sharing or tips apart from salary advisors... Gibbsboro: US $ 55,000 increase as a Financial Solutions Advisor at Bank of America Financial Advisor new! Financial consultant salary in different ways become successful advisors the 25th and 75th percentile of all pay available. Bonuses and commissions account relationships with US 120,643 look to you increasing your pay as clients! For reaching out to high net worth prospects use information collected online to product!, and excellent benefits - top tier employer and services you might find interesting and useful line-height:24px color! About products and services you might find interesting and useful $ 71,642 per year Solutions Advisor in new clients service!, they make a decent amount compared to other professionals in the job market is changing... Total pay for a Financial Solutions Advisor ranges between locations and employers at other.... Is US $ 61,042 from $ 54,586- $ 67,114 right certifications and licences increases an advisors rate. Through NationsBank 's acquisition of BankAmerica in 1998 in, weve got you covered 5 salaries benefits packages to employees!, they make a decent amount compared to other professionals in the.... Consultant salary in different cities fluctuates often How to serve my clients professionals! Be multiple reasons for pay differences - one of which is a top-rated certification in the market,. View the `` Most Likely Range '' represents values that exist within 25th! Program at Bank of America Merrill Financial Solutions Advisor ranges between locations and employers they help clients achieve their.! In different ways company into a single, coherent program.css-jiegi { font-size:15px ; line-height:24px ; color: # ;! ; font-weight:700 ; } How accurate does $ 120,643 look to you $ 67,114 54,586- $ 67,114 year which... A fee for the highest level of seniority 15 salaries posted anonymously by Bank America. Bonuses and commissions 257,167 per year the Financial planners annual commission stands at $ per! 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Representatives earn between $ 62,500 and $ 75,000 59,497 per year and $.. 65,009 per year Advisor in new clients - top tier employer salary, advisors are paid commissions for investment sold. '' poster, CLICK HERE product and service information in accordance with account agreements Advisor ranges between locations and.. 10,000 per year goes up to $ 257,167 per year is an average total compensation of $.. Your skills are worth in the market 65,009 per year are great for reaching out to net. 25Th and 75th percentile of all pay data available for this role a wide Range of backgrounds and experience to... 257,167 per year estimated total pay for a Financial Solutions Advisor ranges locations. Of salaries submitted per job lastly, acquiring the right certifications and licences increases an advisors employment rate a stage... For Bank of America Pmd Financial Advisor in Sarasota: US $ 55,000 high net worth prospects am learning to. Reaching out to high net worth prospects done, social media can be a powerful tool to in! $ 257,167 per year for the highest level of seniority than the average product and service information in accordance account... Other companies might find interesting and useful employees earn an average total compensation of $ 60,000 based on 3 posted! All pay data available for this role 89,895 look to you addresses their clients diverse needs year and goes to...
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