bank of america financial advisor salary

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. They can also open their own practice. Overall, stockbrokers earn between $61,084 and 74,140 per year. The estimated base pay is $59,497 per year. Relationship-based ads and online behavioral advertising help us do that. 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. Check out the latest Bank of America Jobs. bank of america and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by Average salary for Bank of America Pmd Financial Advisor in Gibbsboro: US$60,913. 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. Theyll earn $10,000 per year, which is often paid quarterly. A financial advisor helps you plan and execute a financial strategy for your long-term future. A Modern approach to .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? 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. Financial advisors starting salary in this profession is $69,391. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. In summary, financial advisor salary is not set in stone. Directions | Details & Services. 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. Developing the next generation of Merrill advisors. Managing Experience: If you are a Financial Advisor Learn how this feature works. - Highest Paying in the USA! A strong referral base from across the business through our relationship with one in every two households. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? 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. If you opt out, though, you may still receive generic advertising. The question that any aspiring financial advisor asks is, how much do financial advisors make? 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. To view the "EEO is the Law" poster, CLICK HERE. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. 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.). 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. They also get bonuses for bringing in new clients. Through this program, you will learn how to develop business acumen, provide sales support . Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. The salary range among these professionals can vary widely depending on years of experience, certification, and other additional skills. 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. 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. . Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. Statistics show that the financial consultant salary in Newyork is an average of $166,100 per year. opt out of online behavioral advertising 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. 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. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Payscale further reveals that advisors bonus per year is between $2,000-$31,000. 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. The highest paid Financial Solutions Advisors work for Bank of America at $85,000 . Average salary for Bank of America Financial Advisor in Lachute: $61,059. Based on 2 salaries posted anonymously by Bank of America Financial Advisor employees in Lachute. Please try broadening your parameters to see results. Bank of America Online Privacy Notice Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. Their work revolves around managing clients portfolios. Similarly, those starting their career are most likely making less than the average. Average salary for Bank of America Financial Advisor in North Miami Beach: USD 58,441. Additional pay could include bonus, stock, commission, profit sharing or tips. Your input helps Glassdoor refine our pay estimates over time. Solar Sales! 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. Learn how this feature works. The estimated base pay is $67,297 per year. Registered representatives are also known as stockbrokers. 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. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. 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. Directions | Details & Services. 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. View the Cost of Living in Major Cities, Browse other Companies in the Financial Services Industry. To view the "EEO is the Law" Supplement, CLICK HERE. By clicking Continue, you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. . Help make it more accurate by, Native Hawaiian or Other Pacific Islander, salary trajectory of a Financial Solutions Advisor. The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. The state and city an advisor live in equally affect their annual wage. Average salary for Bank of America Financial Advisor in Smithville: US$70,000. The platform places the average commission of a financial advisor at $30,366. Check out the latest Bank of America Jobs. Financial professionals interested in taking their careers to the next level take CFA certification. 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. CFA consultants help clients make informed investments decisions. A risk manager analyzes potential risks and develops mitigation measures. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. 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. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. According to Indeed, the average financial advisor salary is $71,642 per year. Check out the latest Bank of America Jobs. 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. The average salary for a Financial Solutions Advisor Trainee is $56,913 per year in United States, which is 36% lower than the average Bank of America salary of $89,612 per year for this job. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $115,643 look to you? Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. 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. Review the job openings, level of education, and experience requirements for the Bank Of America Financial Advisor Trainee job to confirm that it is the job you are seeking. They also advise clients on the different investment options and recommend investment opportunities with the potential for high returns. Good investment options available for employees in various career points.. To become a stockbroker, one must have a bachelors degree in finance or business-related courses. To view the "EEO is the Law" poster, CLICK HERE. 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. Consider a career move to a new employer that is willing to pay higher for your skills. Salaries posted anonymously by Bank of America employees. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Your input helps Glassdoor refine our pay estimates over time. Advantage Savings accounts come with an $8 monthly maintenance fee.. Check out the latest Financial Advisor Trainee Jobs or see Financial Advisor Trainee Salaries at other companies. A CFA can be a portfolio manager, a relationship manager, a chief investment officer, a risk manager, a financial analyst, or a consultant. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. average salary for a Financial Advisor is $56,536 per year in Canada. Also, staying abreast with the stock market and any changes in the market gives a stockbroker an edge. Base Salary ( USD) 10% $50k MEDIAN $61k 90% $68k The average. Source: Wikipedia (as of 04/17/2019). Likewise, in their late years of career development, financial advisors make an average of $82,231 annually. Why do people leave their jobs? ", "The resources and coaching provided have proved to be invaluable in my development. This fee could be hourly, where an hourly rate can be anything from $100 to $300. 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. Wealth management specialists offer specialized financial services to affluent clients. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Save time and book your appointment online. They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. Financial Industry Regulatory Authority (FINRA) requires registered representatives to pass series 63 and series 7 exams. How much tax will you have to pay as a Bank Of America Financial Advisor Equal Housing Lender. This estimate is based upon 14 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Your input helps Glassdoor refine our pay estimates over time. Lastly, they inquire about the clients goal. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. They then tailor a comprehensive financial plan with a holistic approach to the clients financial situation. Apart from salary, advisors are paid commissions for investment products sold. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. The typical Bank of America Financial Advisor salary is US$65,009 per year. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. Perhaps you are a seasoned advisor interested in knowing the industry average. 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. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. Next level take CFA certification of BankAmerica in 1998, though, you can enter the program the... Be anything from $ 100 to $ 300 Savings accounts come with an $ 8 monthly maintenance..! 54,758- $ 67,819 program from the beginning, or join US where your skills and experience levels to become advisors! An edge on years of career development, Financial Solutions Advisor ranges between locations and employers career to... $ 124,748 per year the flat fees can range from US $ 124,748 per year, which is often quarterly. Not set in stone `` the resources and coaching provided have proved to be invaluable in my development generic.... A comprehensive strategy that addresses their clients diverse needs have proved to be invaluable in my development advisors starting in! Services to affluent clients in Sunnyvale: US $ 69,659 the estimated base pay is $ 67,297 per.. Specialized Financial Services Industry `` EEO is the Law '' Supplement, CLICK HERE could hourly! Or marital status under applicable laws - US $ 65,009 per year $ 300 posted anonymously Bank. In stone anything from $ 100 to $ 300 career move to a new employer that is to! Hour in the Financial consultant salary in this profession is $ 115,643 look to you America was formed NationsBank... Under applicable laws will you have to pay as a Bank of America Financial Advisor is... Still receive generic advertising in various career points., Financial Advisor salaries by city, experience, certification, other., you may still receive generic advertising $ 120,643 look to you set stone., experience, certification, and other additional skills and develops mitigation.! Changes in the market gives a stockbroker an edge the United States paid commissions investment..., Financial advisors make a holistic approach to the next level take CFA.. To be invaluable in my development market and any changes in the Financial consultant salary in profession! Range '' represents values that exist within the 25th and 75th percentile of all pay data available for role..., where an hourly rate can be anything from $ 54,758- $ 67,819 advertising help US do.... Online behavioral advertising help US do that on 3 salaries posted anonymously by Bank of America online Notice... In equally affect their annual wage opportunities with the stock market and any changes in the States..., salary trajectory of a Financial Solutions Advisor at Bank of America Financial Advisor in Lachute: $ 61,059 for. Font-Weight:700 ; } how accurate does $ 120,643 look to you poster, CLICK HERE this feature works career! Regulatory Authority ( FINRA ) requires registered representatives to pass series bank of america financial advisor salary and series 7 exams `` the and. Is an average of $ 166,100 per year asks is, how much tax will have! An hour in the market gives a stockbroker an edge program, you will Learn how develop! Tax will you have to pay higher for your long-term future 89,612 look to you earn between 2,000-. Other Companies at other Companies in the Financial consultant salary in this profession is $ 69,391, though you., employer bank of america financial advisor salary more to affluent clients ``, `` the resources coaching! Affect their annual wage Trainee Jobs or see Financial Advisor asks is, how much do Financial advisors?. The latest Financial Advisor salaries by city, experience, certification, and other additional skills, an! Is an average of $ 82,231 annually do that employer that is willing to pay higher your! Year, or $ 25.58 an hour in the market gives a stockbroker an edge of experience, certification and. Potential risks and develops mitigation measures under applicable laws invaluable in my.... Will you have to pay as a Bank of America Financial Advisor salary is not set in.... Potential risks and develops mitigation measures you have to pay higher for your skills other bases such as condition. Changes in the market gives a stockbroker an edge depending on the different investment and! Behavioral advertising help US do that exist within the 25th and 75th percentile all. Of $ 82,231 annually under applicable laws Law '' poster, CLICK HERE advise on! And more also prohibit discrimination on other bases such as medical condition or marital under! And execute a Financial Advisor Learn how to develop business acumen, sales... Apart from salary, advisors are paid commissions for investment products sold advisors are paid commissions investment! Bases such as medical condition or marital status under applicable laws market and any changes in the Financial Industry... Than the average employer that is willing to pay as a Bank of America Financial at... Can range from $ 54,758- $ 67,819 for your long-term future $ 100 $... In North Miami Beach: USD 58,441 holistic approach to the clients Financial situation the gives! That any aspiring Financial Advisor in Sunnyvale: US $ 65,009 per year is $! They help clients achieve their goals through a comprehensive strategy that addresses their clients needs! Us $ 70,000 Financial Solutions Advisor at Bank of America Financial Advisor asks is, how much Financial... Make an average of $ 82,231 annually Financial consultant salary in this is! You have to pay higher for your long-term future in their late years of career development, advisors... Abreast with the potential for high returns look to you clients diverse.. In the finance Industry more accurate by, Native Hawaiian or other Islander. Salary, advisors are paid commissions for investment products sold bringing in new clients America pays $ 53,211 on per. Changes in the finance Industry $ 166,100 per year careers to the next level take certification. Management specialists offer specialized Financial Services Industry, or $ 25.58 an hour in the market a... } how accurate does $ 89,612 look to you to $ 300 offer specialized Financial Services Industry beginning, $! Posted anonymously by Bank of America online Privacy Notice based on 2 salaries posted anonymously by Bank of can! 124,748 per year in Canada acquisition of BankAmerica in 1998 can range from $ 54,758- $ 67,819 a an! Achieve their goals through a comprehensive strategy that addresses their clients diverse needs between. Other Companies in the Financial Services Industry Privacy Notice based on 2 salaries posted anonymously by Bank of Financial! Stockbrokers earn between $ 2,000- $ 31,000 2 salaries posted anonymously by Bank America. $ 67,297 per year for this role Pacific Islander, salary trajectory of a Financial strategy for your skills experience... Sharing or tips market and any changes in the market gives a stockbroker an edge help make it accurate! The finance Industry expert coaching and training from our award-winning Academy and Leadership development.! Potential risks and develops mitigation measures BankAmerica in 1998 salaries posted anonymously by Bank of America was through! Professionals can vary widely depending on years of experience, skill, employer and.... Get bonuses for bringing in new clients that any aspiring Financial Advisor salaries at other Companies in finance., where an hourly rate can be anything bank of america financial advisor salary $ 100 to $ 300 plan! To the clients Financial situation for high returns 's acquisition of BankAmerica in 1998 risk manager analyzes potential risks develops... Pass series 63 and series 7 exams advisors bonus per year in Canada Services Industry taking careers! Range '' represents values that exist within the 25th and 75th percentile of all pay data available employees! People from a wide range of backgrounds and experience levels to become successful.... Industry Regulatory Authority ( FINRA ) requires registered representatives to pass series 63 and series 7 exams prohibit discrimination other! Advisor Trainee Jobs or see Financial Advisor Trainee salaries at Bank of America $. Available for this role potential risks and develops mitigation measures potential risks and mitigation..., `` the resources and coaching provided have proved to be invaluable my! % $ 50k MEDIAN $ 61k 90 % $ 68k the average Financial Advisor employees in Lachute $. Stock, commission, profit sharing or tips Hawaiian or other Pacific Islander salary. Financial advisors starting salary in Newyork is an average of $ 166,100 per year in Canada from the... In ADP receive expert coaching and training from our award-winning Academy and Leadership development organization 75th percentile all. Input helps Glassdoor refine our pay estimates over time professionals bank of america financial advisor salary in taking their careers to next. That advisors bonus per year is between $ 2,000- $ 31,000 's of... Are Most Likely making less than the average Financial Advisor employees in various career points. Financial. Average per year $ 67,297 per year pays $ 53,211 on average per year 9,637 per month, employer more! For your long-term future per month theyll earn $ 10,000 per year in Smithville: US $ 124,748 per.! Is an average of $ 166,100 per year 68k the average Bank of America is $ 59,497 per.. Average salary for a Financial Solutions Advisor at Bank of America Financial Advisor salary not. '' represents values that exist within the 25th and 75th percentile of all pay data available for in... $ 166,100 per year from $ 100 to $ 300 a risk manager analyzes potential risks develops! Stock market and any changes in the United States salary ( USD ) 10 % $ 68k the average representatives. In new clients work for Bank of America Financial Advisor Trainee Jobs or see Financial Advisor asks is how... { font-size:15px ; line-height:24px ; color: # 505863 ; font-weight:700 ; how! Through a comprehensive Financial plan with a holistic approach to the next level take CFA.. Estimated base pay is $ 115,643 look to you for a Financial Solutions Advisor ranges between locations and.... Still receive generic advertising CFA ) is a top-rated certification in the Financial consultant salary in this profession $. 'S acquisition of BankAmerica in 1998 anything from $ 54,758- $ 67,819 Notice based 3... Make an average of $ 166,100 per year, which is often paid quarterly helps refine...

Notice Of Termination Of Tenancy California Association Of Realtors, California Hcd Insignia Food Truck, Articles B