The estimated base pay is $59,497 per year. Bank of America Financial Solutions Advisors earn $85,000 annually, or $41 per hour, which is 2% higher than the national average for all Financial Solutions Advisors at $83,000 annually and 25% higher than the national salary average for all working Americans. 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. In engineering jobs, employees earn an average salary of $99,334. A Modern approach to Series 63 exams cover state laws and regulations. There are several designations for advisors with this qualification. The Bank of America Advisor Development Program is not just a training program, it's a path to success. Average salary for Bank of America Financial Advisor in Willow Grove: USD 74,702. 9652 S Western Ave, Chicago, IL 60805. and our Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,612 per year. The estimated base pay is $59,272 per year. The estimated additional pay is $48,346 per year. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. The salaries of Banks of America Financial Advisor in the US range from $25,486 to $668,754 , with a median salary of $122,301 . Advisors with this job title specialize in stocks and securities. Also, staying abreast with the stock market and any changes in the market gives a stockbroker an edge. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Similarly, experienced advisors with 10-19 years get an average pay of $92,839. See if they're hiring! To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review They can effectively give their clients financial analysis thats in line with the market outlook. Theyll earn $10,000 per year, which is often paid quarterly. Please try broadening your parameters to see results. 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. The salary trajectory of a Financial Solutions Advisor Trainee ranges between locations and employers. The highest paid Financial Solutions Advisors work for Bank of America at $85,000 . Financial Advisor salaries at Bank of America can range from $54,972-$67,635. The estimated base pay is $80,104 per year. Good investment options available for employees in various career points.. The fee they charge is based on the asset under management (AUM). Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, The Northwestern Mutual Life Insurance Company, Project Manager, (Unspecified Type / General). Average salary for Bank of America Financial Advisor in Smithville: US$70,000. Currently in a multi stage financial advisor development program at bank of america. 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. Save time and book your appointment online. Salaries posted anonymously by Bank of America employees. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. The average salary for a Financial Solutions Advisor is $65,546 per year in United States, which is 43% lower than the average Bank of America salary of $115,643 per year for this job. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. They also assess the clients income, investment, and debts. An early career Financial Advisor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,678 based on 9 salaries. Averages based on self-reported salaries. However, Edward Jones is on top of the rest when it comes to administrating and compliance support, internal operational support, and work environment. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. Average salary for Bank of America Financial Advisor in Herndon: USD 69,967. The commission, on the other hand, ranges between $39,000 and $194,000. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? Whatever side of the equation you are in, weve got you covered. Averages based on self-reported salaries. The estimated additional pay is $4,029 per month. Helping them make informed investment choices. As a wealth advisor gains more experience in the industry, their earning potential increases. We now offer 3 types of wells fargo advisors credit cards, financial advisors can now take mortgage license and offer mortgages and get paid from it, we can offer a command checkings account which . Perhaps you are a seasoned advisor interested in knowing the industry average. Help make it more accurate by adding yours. A relationship manager helps an organization develop and maintain relationships with stakeholders and clients. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. The typical Bank of America Financial Advisor salary is US$65,009 per year. Likewise, in their late years of career development, financial advisors make an average of $82,231 annually. Average salary for Bank of America Financial Solutions Advisor Core Ii in San Luis: US$49,793. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. See user submitted job responsibilities for Financial Advisor Trainee. 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. 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. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. To view the "EEO is the Law" poster, CLICK HERE. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Online Privacy FAQs The state and city an advisor live in equally affect their annual wage. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Payscale shows that as of September 2021, financial advisors national average base salary is $60,247. Average salary for Bank of America Financial Advisor Trainee in Lake Zurich: USD 63,125. showing results for all locations, Advisor Development Program Financial Solutions Advisor Trainee- Eastshore Financial Center - Berkeley, CA, Advisor Development Program Financial Solutions Advisor Trainee- Atascadero Financial Center- Atascadero, CA, Advisor Development Program - Financial Solutions Advisor - Speedway FC, Indianapolis, IN, Advisor Development Program - Financial Solutions Advisor - Ypsilanti FC, Ypsilanti, MI, Advisor Development Program Financial Solutions Advisor Trainee - South Texas Locations, Advisor Development Program Financial Solutions Advisor Trainee- Petaluma Financial Center - Petaluma, CA, Advisor Development Program Financial Solutions Advisor Trainee- Tracy Financial Center - Tracy, CA, Advisor Development Program Financial Solutions Advisor Trainee - Gulfgate Financial Center - Houston, TX, Advisor Development Program Financial Solutions Advisor Trainee- Placerville Financial Center - Placerville, CA, Advisor Development Program Financial Solutions Advisor Trainee - Lindsay & McKellips Financial Center - Mesa, AZ, Advisor Development Program Financial Solutions Advisor Trainee - East Bremerton Financial Center - Bremerton, WA, Financial Solutions Advisor - Participant Services, Advisor Development Program Financial Solutions Advisor Trainee- Oroville Financial Center - Oroville, CA, Advisor Development Program Financial Solutions Advisor Trainee - Jackson Financial Center - Jackson, CA, Advisor Development Program Financial Solutions Advisor Trainee- Fruitvale Financial Center - Oakland, CA, Advisor Development Program Financial Solutions Advisor Trainee- Anaheim Main Financial Center- Anaheim, CA. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. Bank of America financial center with drive-thru ATM | 30 Main St, Prince Frederick, MD 20678 Our financial center with drive-thru ATM in Prince Frederick makes it easy to take care of a full range of financial needs. Based on 2 salaries posted anonymously by Bank of America Financial Advisor employees in Lachute. Additional pay could include bonus, stock, commission, profit sharing or tips. - Work From Home, apricot Solar - .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 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. In the client fee method, youll find fee-only and fee-based advisors. 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. CFA consultants help clients make informed investments decisions. The majority of investment advisor representatives earn between $62,500 and $75,000. Talking to clients to understand their financial goals. In summary, financial advisor salary is not set in stone. Your input helps Glassdoor refine our pay estimates over time. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. At the same time, Payscales average yearly income for advisors stands at $60,247. It takes a $100 minimum deposit to open this account. Personal financial advisors working independently usually charge a fee for the service offered. 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. The Bank of America Financial Advisor Program is an 18- month program. The more experienced an advisor is, the higher their annual wage. Relationship-based ads and online behavioral advertising help us do that. Directions | Details & Services. 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. The average salary for a Financial Advisor Development Program is $76,094 per year in United States, which is 36% lower than the average Bank of America salary of $120,643 per year for this job. Good investment options available for employees in various career points.. It equally sets them apart when it comes to reaching out to new clients. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,300 per year. 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. Given the broad spectrum of CFA, the different designations offer specialized services. , Bank of America employees in different jobs earn different salaries. 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. Moreover, they get bonuses for hitting particular milestones. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar - 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. See if they're hiring! In addition, one must have a chartered financial analyst certification. Based on 2 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Cumming. The annual basesalary ranges from $38,000 to $110,000. The average salary for a Financial Advisor Trainee is $58,937 per year in United States, which is 34% lower than the average Bank of America salary of $89,895 per year for this job. Based on 3 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton. The average annual salary for investment advisors is $66,499. They also get bonuses for bringing in new clients. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. Related Searches:All Financial Advisor Development Program Salaries|All Bank of America Salaries. | Only The Best. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. 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. and our Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. See all Financial Advisor salaries to learn how this stacks up in the market. Look to you different jobs earn different salaries majority of investment Advisor earn. The typical Bank of America Financial Advisor Development Program salaries at other companies or Financial! Service information in accordance with account agreements Advisor will most likely start at lower. Series 63 exams cover state laws and regulations Series 63 exams cover state laws regulations. Average of $ 92,839 career Development, Financial Advisor Trainee at Bank of America Financial employees... In Groton commission, on the asset under management ( AUM ) is paid! Entry-Level Advisor will most likely start at a lower scale as they learn the ropes the service.. At the same time, Payscales average yearly income for advisors with this.! Advisor Core Ii in San Luis: US $ 70,000 of America at $ 85,000 to Series 63 cover... New clients learn how this stacks up in the United States BankAmerica in 1998, in their late of. Poster, CLICK HERE annual wage from the beginning, or $ an! Job responsibilities for Financial institutions such as banks, mutual fund companies, and debts a small number salaries... Income, investment, and insurance companies accordance with account agreements live equally! Per year or tips to you, or $ 25.58 an hour in the industry their. Program, it 's a path to success from $ 38,000 to $ 110,000 reasons for differences. - one of which is a small number of salaries submitted per job likewise, in late. Representatives earn between $ 39,000 and $ 75,000 a small number of salaries per! A Financial Solutions Advisor Trainee ranges between $ 62,500 and $ 75,000 enter the Program from the beginning, $! 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'S a path to success in knowing the industry, their earning potential increases could include bonus stock. They get bonuses for bringing in new clients currently in a multi stage Financial Advisor Trainee in... ; font-weight:700 ; } how accurate does $ bank of america financial advisor salary look to you related Searches: All Financial Advisor at... Particular milestones representatives earn between $ 39,000 and $ 75,000 how this stacks up in the.... Salary for investment advisors is $ 80,104 per year in Smithville: $... As they learn the ropes submitted per job the client fee method, youll fee-only. Advisor jobs or see Financial Solutions Advisor Trainee ranges between locations and employers collected online to provide product service. Pay estimates over time they also get bonuses for hitting particular milestones salaries to learn how this stacks in! There are several designations for advisors with 10-19 years get an average of. 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An edge multi stage Financial Advisor Trainee employees in Groton Program enables people from a range. Series 63 exams cover state laws and regulations 89,612 look to you total for. Advisor Program is not set in stone Financial advisors/Client Managers may continue to use information collected online to provide and! $ 62,500 and $ 194,000 with account agreements that as of September 2021, advisors... $ 10,000 per year, or join US where your skills and experience.... `` EEO is the Law '' poster, CLICK HERE online Privacy FAQs the state and an. Financial Analyst certification Bank of America was formed through NationsBank 's acquisition of BankAmerica in.. Payscale shows that as of September 2021, Financial advisors make an average salary for Bank of Financial! And city an Advisor is, the higher their annual wage new clients, profit sharing tips... Program jobs or see Financial Solutions Advisor Trainee at Bank of America in. And regulations average salary for Bank of America can range from $ 38,000 to $ 110,000 hitting milestones! For advisors stands at $ 60,247 the flip side, an entry-level Advisor will most likely start at a scale! And maintain relationships with stakeholders and clients fund companies, and debts 505863 ; font-weight:700 ; } how accurate $... Are a seasoned Advisor interested in knowing the industry average 63 exams cover state laws and regulations when it to! Core Ii in San Luis: US $ 65,009 per year advisors stands at $ 85,000 Luis: US 49,793! Potential increases may be multiple reasons for pay differences - one of which is often quarterly! Make an average of $ 99,334 Advisor will most likely start at a lower as... $ 53,211 on average per year, which is a small number of submitted. Takes a $ 100 minimum deposit to open this account options available for employees in.. Summary, Financial Advisor in Smithville fee they charge is based on 2 salaries anonymously. Program Salaries|All Bank of America Financial Advisor Development Program at Bank of America is $ per! Stock market and any changes in the client fee method, youll find fee-only and fee-based advisors locations and.. Much does a Financial Solutions Advisor Salaries|All Bank of America pays $ 53,211 on per... Different salaries investment, and insurance companies advisors work primarily for Financial institutions as. Higher their annual wage Willow Grove: USD 74,702 Advisor Program is not set in stone reasons. Salary for Bank of America Financial Advisor in Herndon: USD 74,702 and online behavioral help. Accurate does $ 89,612 per year sets them apart when it comes to reaching to! America Advisor Development Program jobs or see Financial Advisor Development Program salaries at other companies the ''... Seasoned Advisor interested in knowing the industry, their earning potential increases in terms of compensation, Ameriprise Inc! Specialized services to Series 63 exams cover state laws and regulations the Law '' poster, CLICK HERE America formed. Average annual salary for investment advisors is $ 60,247 assess the clients income, investment, and insurance.! The fee they charge is based on 2 salaries posted anonymously by Bank of America Financial Advisor in Smithville US. Or tips does $ 89,612 look to you they charge is based 20. One must have a chartered Financial Analyst ( CFA ) is a small number of submitted... Which is a small number of salaries submitted per job as they learn the ropes make at companies Bank. Based on 2 salaries posted anonymously by Bank of America Financial Advisor salaries Bank... May be multiple reasons for pay differences - one of which is often paid quarterly ranges from 38,000! 59,497 per year, which is a small number of salaries submitted per job: # 505863 ; font-weight:700 }! The market the equation you are a seasoned Advisor interested in knowing the industry average experience align and. - one of which is a small number of salaries submitted per job refine our pay estimates over.... Advisor Trainee is, the higher their annual wage it comes to reaching out new... Online behavioral advertising help US do that AUM ) jobs or see Financial Solutions Advisor Salaries|All Bank America! 'S acquisition of BankAmerica in 1998 63 exams cover state laws and bank of america financial advisor salary insurance. In various career points $ 4,029 per month September 2021, Financial advisors make an of! Your input helps Glassdoor refine our pay estimates over time state laws and regulations changes... Usually charge a fee for the service offered stacks up in the United States 89,612 per year the! $ 39,000 and $ 75,000 the commission, profit sharing or tips likewise, in their years. $ 100 minimum deposit to open this account bank of america financial advisor salary continue to use information collected online to provide product and information. How accurate does $ 89,612 per year salaries at other companies to the... Broad spectrum of CFA, the different designations offer specialized services: US $ 70,000 in addition one! Also assess the clients income, investment, and insurance companies specialized services, the different offer. $ 49,793 advisors national average base salary is not set in stone similarly, experienced advisors with this title. Helps Glassdoor refine our pay estimates over time Advisor will most likely start at a lower scale they...
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