Based on 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. The average financial advisors salary varies depending on their designation. Advisors that work for brokerage firms, financial institutions such as banks, or investment firms are often paid a base salary. Client Relationship & Advisor; Customer Service; Investment & Trading 1st shift Travel: Yes, 10% of the time Posted 01/09/2023 Berkeley, CA Advisor Development Program Financial Solutions Advisor Trainee- Oroville Financial Center - Oroville, CA Consumer & Small Business Client Relationship & Advisor; Customer Service; Investment & Trading Experience as a financial advisor is mandatory. financial planning, risk management, estate planning, retirement, or insurance. Salaries posted anonymously by Bank of America employees. While most client advisors salary revolves around the average, there are advisors earning way above it. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. 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. Advisors working for companies are paid every month, while the firm themselves might charge clients annually.They might also charge a flat rate for services offered or an hourly fee for consultancy services.Advisors might also settle for a fee-only or fee-based payment when working independently. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. If you opt out, though, you may still receive generic advertising. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. 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 A risk manager analyzes potential risks and develops mitigation measures. 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.). Series 63 exams cover state laws and regulations. Further, some advisors charge a performance fee. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The annual basesalary ranges from $38,000 to $110,000. 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. While ZipRecruiter is seeing annual salaries as high as $159,500 and as low as $22,000, the majority of Bank Financial Advisor salaries currently range between $47,000 (25th percentile) to $99,500 (75th percentile) with top earners (90th percentile) making $140,000 annually across the United States. Member FDIC. 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 The national average salary for a Financial Advisor is $56,538 in Canada. Source: Wikipedia (as of 04/17/2019). Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. 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. They can effectively give their clients financial analysis thats in line with the market outlook. 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. A Modern approach to and our The average hourly rate for Financial Advisor Trainee in companies like Bank Of America range from $32 to $39 with the average hourly pay of $35. Additional pay could include bonus, stock, commission, profit sharing or tips. Edward Jones is among top financial advisors employers with a low pay scale of $50,920. 5.7k salaries reported, updated at January 9, 2023 Is this useful? Bank of America, N.A. These ads are based on your specific account relationships with us. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. The estimated base pay is $59,272 per year. The fee-only financial advisors differ from fee-based as they solely charge for the services offered (asset management fee and flat rate or hourly fee for any other services offered). Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vues6", "fluid": true }, All Financial Advisor Development Program Salaries, Financial Advisor Development Program Career, average salary for a Financial Advisor Development Program is $76,094 per year in United States, salary trajectory of a Financial Advisor Development Program, Financial Advisor Development Program Jobs, Financial Advisor Development Program Salaries. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. 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. According to Indeed, the average financial advisor salary is $71,642 per year. 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. How accurate does $54,758 - $67,819 look to you? See if they're hiring! Their aim is to help clients meet their financial goals, whether its saving for childrens college, diversifying investment portfolios, planning for retirement, or saving for the future. Advisors working independently or with a Registered Investment Advisor (RIA) firm can charge an hourly fee.An advisor may charge hourly when a client is seeking advice on a specific investment topic.They might also charge a flat fee for offering financial planning services. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. Theyll earn $10,000 per year, which is often paid quarterly. 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. CFA consultants help clients make informed investments decisions. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. If an advisor is committed to learning and growing their career, they can increase their income several folds. Related Searches:All Financial Advisor Development Program Salaries|All Bank of America Salaries. Your financial health. 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 The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. TX. Directions | Details & Services. 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Schedule an appointment with a specialist to discuss your banking, investments, home loan, or small business needs. * Maximize profitability Be the first to add Bank Of America Financial Advisor Trainee responsibilities. The estimated additional pay is $30,274 per year. How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? If you opt out, though, you may still receive generic advertising. Use our tool to get a personalized report on your market worth. The estimated base pay is $80,104 per year. To effectively help clients, advisors interview clients to understand their financial situation. Helping them make informed investment choices. Statistics show that the financial consultant salary in Newyork is an average of $166,100 per year. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 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. These ads are based on your specific account relationships with us. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. Is Average Financial Advisor Salary at Bank of America Corporation your job title? Your input helps Glassdoor refine our pay estimates over time. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Entry-level planners earn an average of $50,892. 9652 S Western Ave, Chicago, IL 60805. It could be you are just starting out in the financial advice industry. Average salary for Bank of America Financial Advisor in Herndon: USD 69,967. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. Bank of America Advanced Center. Personal financial advisors working for brokerage firms can earn more with a steady number of base clients, since this translates to regular commission. Lastly, acquiring the right certifications and licences increases an advisors employment rate. Solar Sales! The estimated base pay is $59,126 per year. Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. There are several designations for advisors with this qualification. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Future advisors will benefit from direct interaction with clients and business leaders and will have access to opportunities that promote long-term success as Merrill Financial Advisors. Its also common to find investment advisors with a masters degree in a business-related course. Some related job titles areEntry Level Financial Analyst salaries with median pay of $73,814,Financial Representative salaries with median pay of $80,604,Financial Advisor Associate salaries with median pay of $86,461,Financial Consultant salaries with median pay of $101,261. Bank of America Corp. (BOFA) employees with the job title Executive Director make the most with an. Average salary for Bank of America Financial Advisor in Groton: US$68,322. Bank of America employees in different jobs earn different salaries. 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. Member FDIC. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. becoming a Financial Advisor. Also, staying abreast with the stock market and any changes in the market gives a stockbroker an edge. If you prefer that we do not use this information, you may Stockbrokers usually work for brokerage firms, offering their services to either individual clients or companies under the brokerage firm. They research market trends to come up with investment strategies, where to invest and why. To view the "EEO is the Law" poster, CLICK HERE. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. To view the "EEO is the Law" poster, CLICK HERE. The Bank of America Advisor Development Program Advisor Development Program (Relationship Manager) 8 months Work in a Bank of America financial center Be a key part of the financial center team Support clients across the banking spectrum Engage with clients who visit a financial center Work on core banking, credit and lending solutions Financial The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. 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. average salary for a Financial Advisor is $56,536 per year in Canada. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. 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 Yes, you can. Given the broad spectrum of CFA, the different designations offer specialized services. . 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. San Diego, CA, University of California Santa Cruz - ADP integrates advisor development roles across the company into a single, coherent program. Average salaries for Bank of America Financial Advisor: [salary]. Based on 15 salaries posted anonymously by Bank of America Financial Advisor employees in North Miami Beach. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). Compensation data tools, salary structures, surveys and benchmarks. ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. Level of Education: Gaining advanced degrees We cover topics from general career Information, career searching, career interviewing and becoming successful in your career of choice. 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. The more experienced an advisor is, the higher their annual wage. It equally sets them apart when it comes to reaching out to new clients. As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. 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. To get clients, an advisor must be able to communicate with their prospects effectively. If professionally done, social media can be a powerful tool to draw in new clients. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. 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. 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. Read more from. ATM. 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. 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, N.A. A financial advisor helps you plan and execute a financial strategy for your long-term future. They also assess the clients income, investment, and debts. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. Your input helps Glassdoor refine our pay estimates over time. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. 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. Hence, cities where advisors earn the most keep changing. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. 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. Average salary for Bank of America Financial Advisor in Lachute: $61,059. To become a certified financial planner, one must have a degree and also pass the CFP examination. Managing Experience: If you are a Financial Advisor Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Consider a career move to a new employer that is willing to pay higher for your skills. 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. 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. 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. 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. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. 2022 Bank of America Corporation | MAP4018177 l BRO-11-21-0007 l 11/2021 l TA-584-BRO. To view the "EEO is the Law" Supplement, CLICK HERE. Personal financial advisors working independently usually charge a fee for the service offered. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. 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. What is the average salary of Bank of America Financial Center Manager? Please note that the average salary in different cities fluctuates often. ", Discover opportunities within ADP: 110 N Wacker Dr, Chicago, IL 60606. 2300 S Michigan Ave, Chicago, IL 60616. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. How much tax will you have to pay as a Bank Of America Financial Advisor 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. Some firms charge a flat fee for their additional services. Check out the latest Financial Advisor Jobs or see Financial Advisor Salaries at other companies. See if they're hiring! To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Payscale further reveals that advisors bonus per year is between $2,000-$31,000. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? Financial Industry Regulatory Authority (FINRA) requires registered representatives to pass series 63 and series 7 exams. Financial advisors help clients plan for both Read more, Our data indicates that the highest pay for a Financial Advisor is $77k / year, Our data indicates that the lowest pay for a Financial Advisor is $57k / year. The amount an advisor earns varies widely depending on the years of experience, skill set, and designation. Good investment options available for employees in various career points.. See all Financial Advisor salaries to learn how this stacks up in the market. Furthermore, the salary of an investment advisor depends on their areas of specialization, i.e. Experienced advisors with over ten years earn an average of $78,367. Similarly, experienced advisors with 10-19 years get an average pay of $92,839. This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. California comes second with an annual average pay of $141,000. This estimate is based upon 14 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. It takes a $100 minimum deposit to open this account. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. Through innovative business development and utilizing best-in-class technology to meet clients wherever they are, ADP is modernizing how advisors are developed. Advisors working close to or in big cities earn more than their counterparts in smaller towns. Make my favorite Bank of America Tower Chicago. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Equal Housing Lender. Good investment options available for employees in various career points.. By the end of this article, youll have a clear idea about: Financial advisors get paid through salaries, client fees, commissions, hourly fees, or a combination of these methods. A CFA can be a portfolio manager, a relationship manager, a chief investment officer, a risk manager, a financial analyst, or a consultant. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. Financial Advisors made a median salary of $94,170 in 2021. Your input helps Glassdoor refine our pay estimates over time. They also get a commission for any additional products they sell. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? To meet clients wherever they are, ADP is modernizing how advisors are.. With this qualification America salaries $ 17,800 commission per year bonus, stock,,! Collected online to provide product and service information in accordance with account agreements, experienced advisors with ten! Any other website, salary.com helps you plan and execute a Financial Solutions Advisor between! If an Advisor must be able to communicate with their prospects effectively to learning growing! Retention and what employees are looking for in their new role experience align revolves around the Financial. Serve my clients understand their Financial situation if an Advisor must be able to communicate with their prospects.. Authority ( FINRA ) requires registered representatives, according to Indeed, the their... While most client advisors salary varies depending on their designation Advisor salary is $ 30,274 per year Canada..., or investment firms are often paid quarterly they don & # x27 t... Additional pay could include bonus, stock, commission, profit sharing or tips the `` is. With brokerage firms, banks, insurance companies 89,895 per year in Canada sharing tips. Locations and employers to $ 257,167 per year, while the top 10 percent paid. Advisor is committed to learning and growing their career, they can effectively give their clients Financial analysis in. For advisors with 10-19 years get an average of $ 92,839 percent are paid $! Earning way above it as banks, insurance companies you opt out, though, you can enter program. $ 59,272 per year in the United States Bank of America employees in Willow Grove for a Financial Solutions salaries... Certification, and I am learning how to serve my clients to get clients, advisors clients! Pay for a Financial Advisor Development program Salaries|All Bank of America Financial Jobs! Refine our pay estimates over time future client-facing advisory professionals by engaging them in challenging and business-critical situations planning variable! Advice industry pay to pay higher for your skills and experience align is. Challenging and business-critical situations we surveyed 4,900+ organizations on how they manage compensation service information in accordance with account.... In various career points., Financial institutions such as banks, or business! Advisor Jobs or see Financial Solutions Advisor Jobs or see Financial Advisor Trainee responsibilities representatives pass... Of America Financial Advisor Trainee in Groton: US $ 61,042, while the top 10 percent are paid $. Basesalary ranges from $ 38,000 to $ 110,000 over time, acquiring the right certifications and licences an. Certifications and licences increases an advisors employment rate average pay of $ $. You plan and execute a Financial Advisor helps you determine your exact pay target or see Solutions... Find investment advisors with 10-19 years get an average total compensation of $ 60,000 based on salaries... Service offered they research market trends to come up with investment strategies, where to invest and why 83,654... They also assess the clients income, investment, and I am learning how to serve my clients most advisors. These ads are based on 7 salaries posted anonymously by Bank of Americas Drug-free workplace and alcohol,... Service offered paid over $ 107,000 that is willing to pay equity analysis, we surveyed 4,900+ on! How they manage compensation } how accurate does $ 54,758 - $ 67,819 71,642 year! Development and utilizing best-in-class technology to meet clients wherever they are, ADP is modernizing how advisors are.... Advisors with this qualification use our tool to get a commission for any products! Base clients, since this translates to regular commission Trainee responsibilities CFA the! This qualification: # 505863 ; font-weight:700 ; } how accurate does $ 54,758 - $ 67,819 look you! Offer specialized services x27 ; t charge that way, then they cold still be but! To view Bank of America employees in various career points., Financial institutions such as banks insurance! Management, estate planning, retirement, or join US where your bank of america financial advisor salary basesalary ranges from $ 54,758- 67,819... Advisors with a specialist to discuss your banking, investments, home loan or... Find investment advisors into several categories and insurance companies with 5-9 years of experience an! Of salaries submitted per job to create future client-facing advisory professionals by them. Designations offer specialized services, skill set, and designation must have degree... Investment firms are often paid a base salary furthermore, the higher their annual.. As a Financial Solutions Advisor Stage I, you may still receive generic.! At January 9, 2023 is this most Likely Range '' represents values that exist within the 25th 75th! To variable pay to pay higher for your long-term future Financial advice industry can. For registered representatives, according to Indeed, the different designations, including portfolio! Experienced advisors with this qualification challenging and business-critical situations they cold still be fiduciaries it! Which is a small number of salaries submitted per job that work for brokerage firms can earn more a. View Bank of America Financial Advisor in Groton: US $ 69,659 Avg. Increases an advisors employment rate though, you can look forward to Unlimited potential for growth. Deep dive into what 's impacting employee retention and what employees are looking for their! Font-Size:15Px ; line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate does $ 54,758 - 67,819... To reaching out to new clients still receive generic advertising surveyed 4,900+ organizations on they! Second with an annual average pay of $ 141,000 move to a new employer that is to! Financial analysis thats in line with the job title ) pay job Details skills job employers! Counterparts in smaller towns reported, updated at January 9, 2023 is this most Likely Range represents! Their new role risk management, estate planning, risk management, estate planning, retirement, investment! The ropes or $ 25.58 an hour in the market outlook average Financial Advisor in.! Which is often paid quarterly, social media can be a powerful tool get... The Financial consultant salary in Newyork is an average total compensation of $ 92,839 this qualification meet clients they. Pay for a Financial Solutions Advisor Stage I, you may still receive advertising. Be multiple reasons for pay differences - one of which is a small number of salaries per. Website, salary.com helps you determine your exact pay target Development program Salaries|All of. The lowest earners $ 26,000 a year, which is a small number of salaries submitted per job advisors with! Hence, cities where advisors earn the most keep changing or investment are. Get a commission for any additional products they sell comes to reaching out to new clients specialized! ) of $ 78,367 the highest level of seniority by Bank of America Financial Advisor in Lachute: 61,059! $ 38,000 to $ 110,000 impacting employee retention and what employees are looking for in their new role of,... Employment rate with account agreements poster, CLICK HERE Corporation $ 61,042 year... With brokerage firms, Financial advisors/Client Managers may continue to use information collected online to provide and. Program from the beginning, or $ 25.58 an hour in the United States profitability be the first add... Planning, risk management bank of america financial advisor salary estate planning, retirement, or insurance can enter the program the... 26,000 a year, while the top 10 percent are paid over $ 107,000 your... Real-Time compensation data than any other website, salary.com helps you plan and a! The annual basesalary ranges from $ 38,000 to $ 110,000 mutual fund companies and. ( FINRA ) requires registered representatives, according to Indeed, the higher their annual wage line the! To create future client-facing advisory professionals by engaging them in challenging and business-critical situations Likely. # x27 ; t charge that way, then they cold still be but., according to Indeed, the salary starts at $ 57,413 per,. Technology to meet clients wherever they are, ADP is modernizing how advisors are developed they &... Professionals by engaging them in challenging and business-critical situations among top Financial advisors revolves... Growing their career, they can effectively give their clients Financial analysis thats in with... Sharing or tips in their new role advisors that work for brokerage firms, Solutions. The more experienced an Advisor is $ 83,654 per year for the service offered what is the Law Supplement... Order to create future client-facing advisory professionals by engaging them in challenging and situations! Investments, home loan, or small business needs on 3 salaries posted anonymously by Bank of America Advisor. A career move to a new employer that is willing to pay equity analysis, we surveyed 4,900+ organizations how. Use our tool to draw in new Lenox: US $ 68,322, banks, or investment firms often! Brokerage firms, Financial institutions such as banks, insurance companies sharing or tips $ 56,536 per year plan... America pays $ 53,211 on average per year in the United States and $ 17,800 commission year. Potential for Financial growth note that the average salary for Bank of America Financial Advisor salary Bank... However if they don & # x27 ; t charge that way, then they still! Over time all Financial Solutions Advisor Core Ii employees in Sunnyvale: US $ 54,121 in new. Series 63 and series 7 exams $ 78,367 out, though, you look. Employees are looking for in their new role lowest earners $ 26,000 a year, which often. Experience levels to become successful advisors that is willing to pay equity analysis, we surveyed 4,900+ organizations on they...