Directions | Details & Services. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. According to Indeed, the average financial advisor salary is $71,642 per year. If you prefer that we do not use this information, you may Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. CFPs work with clients with a wide range of needs. The estimated base pay is $5,608 per month. Was this review helpful? 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. Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. Payscale further reveals that advisors bonus per year is between $2,000-$31,000. Average salary for Bank of America Financial Advisor in Smithville: US$70,000. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? In ADP, you can enter the program from the beginning, or join us where your skills and experience align. Relationship-based ads and online behavioral advertising help us do that. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. How much tax will you have to pay as a Bank Of America Financial Advisor Good investment options available for employees in various career points.. 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. 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. Investment advisors work with investment companies, financial planning firms, or financial institutions. 5.7k salaries reported, updated at January 9, 2023 Is this useful? We strive to provide you with information about products and services you might find interesting and useful. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Advisors considered must be under 40 years old and work at an employee brokerage firm. careers.bankofamerica.com. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Your input helps Glassdoor refine our pay estimates over time. The mode of payment will depend on whether an advisor is employed or independent. Currently in a multi stage financial advisor development program at bank of america. Your input helps Glassdoor refine our pay estimates over time. 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. - Highest Paying in the USA! may allow this role to increase their income potential and qualify for promotions. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. 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. 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. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. They also get bonuses for bringing in new clients. 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. 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. 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). 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. Your input helps Glassdoor refine our pay estimates over time. Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. The Bank of America Financial Advisor Program is an 18- month program. 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. 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. There are also bonuses depending on their general performance. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. 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. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. Bank of America Advantage Savings is the bank's main savings product. San Diego, CA, University of California Santa Cruz -
The average salary for a Financial Advisor is $56,536 per year in Canada, which is 7% lower than the average Bank of America salary of $61,059 per year for this job. 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. 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. Average salary for Bank of America Vice President Financial Solutions Advisor in Gibbsboro: US$86,796. We strive to provide you with information about products and services you might find interesting and useful. The top employers in the sector stand out in terms of the firm performance, compensation, the work environment, internal operational support, and products. Consider a career move to a new employer that is willing to pay higher for your skills. Your financial health. and our 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. Bank of America, N.A. Through innovative business development and utilizing best-in-class technology to meet clients wherever they are, ADP is modernizing how advisors are developed. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. 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. 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). The platform places the average commission of a financial advisor at $30,366. The salary trajectory of a Financial Advisor Development Program ranges between locations and employers. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $115,643 look to you? Change of employer: Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. 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. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. It is the second largest banking institution in the United States, after JP Morgan Chase. Bank of America employees earn $45,000 annually on average, or $22 per hour, which is 38% lower than the national salary average of $66,000 per year. Theyll earn $10,000 per year, which is often paid quarterly. We look forward to helping you become the Merrill Financial Advisor of the future where you'll be rewarded for helping your clients achieve their financial goals. Additional pay could include bonus, stock, commission, profit sharing or tips. Hence, cities where advisors earn the most keep changing. 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. Average salary for Bank of America Financial Advisor in Willow Grove: USD 74,702. Talking to clients to understand their financial goals. These ads are based on your specific account relationships with us. It takes a $100 minimum deposit to open this account. 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. Suggestion Help make it more accurate by, average salary for a Financial Solutions Advisor is $65,546 per year in United States, salary trajectory of a Financial Solutions Advisor. Indeed estimates that the national average salary of a certified financial planner (CFP) is $70,639. With that said, here is how the different payment models work. Based on 15 salaries posted anonymously by Bank of America Financial Advisor employees in North Miami Beach. We cover topics from general career Information, career searching, career interviewing and becoming successful in your career of choice. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. Good investment options available for employees in various career points., Financial Advisor Trainee Salaries by Location. Apart from their salaries, investment advisors also earn from commissions. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. 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. 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. 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 Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. 9652 S Western Ave, Chicago, IL 60805. $161K Bank of America Private Client Advisor without location (1 salary) Read on for an overview of how much an advisor makes by specializing. 110 N Wacker Dr, Chicago, IL 60606. 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. Bank of America Corp. (BOFA) employees with the job title Executive Director make the most with an. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. Based on 1 salaries posted anonymously by Bank of America Vice President Financial Solutions Advisor employees in Gibbsboro. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. Only a licensed personal financial advisor is legally allowed to advise clients and sell securities, such as mutual funds, stocks, and bonds. Relationship-based ads and online behavioral advertising help us do that. 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. This estimate is based upon 14 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. 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. Base Salary ( USD) 10% $57k MEDIAN $61k 90% $77k The average salary for a. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. Online Privacy FAQs Given the broad spectrum of CFA, the different designations offer specialized services. Financial Advisor (Former Employee) - Birmingham, AL - May 15, 2022 Bank of America provides all the tools you need to succeed and grow in your career. 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. 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. The best-paid 25% made $158,890 that year, while the lowest-paid 25% made $61,200. See all Financial Advisor salaries to learn how this stacks up in the market. Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. opt out of online behavioral advertising The estimated base pay is $59,272 per year. A free inside look at Bank of America salary trends based on 2 salaries wages for 1 jobs at Bank of America. Check out the latest Bank of America Jobs. ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. If you opt out, though, you may still receive generic advertising. Average salary for Bank of America Financial Advisor in North Miami Beach: USD 58,441. 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 Perhaps you are a seasoned advisor interested in knowing the industry average. If you prefer that we do not use this information, you may becoming a Financial Advisor. 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. In addition, one must have a chartered financial analyst certification. Our priority. Experienced advisors with over ten years earn an average of $78,367. The estimated base pay is $5,608 per month. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Above average compensation, work flexibility, and excellent benefits - top tier employer. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. Level of Education: Gaining advanced degrees 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. View the Cost of Living in Major Cities, Browse other Companies in the Financial Services Industry. - Work From Home, apricot Solar -
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We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. See if they're hiring! To effectively help clients, advisors interview clients to understand their financial situation. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Lastly, they inquire about the clients goal. 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. 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. January 9, 2023 is this useful Morgan Chase in wealth management have different designations offer specialized services platform the! Skills job Listings employers $ 60,563 / year Avg multiple lines of business, and benefits... Represents values that exist within the 25th and 75th percentile of all pay data available for role. Is between $ 2,000- $ 31,000 average of $ 61,277 role to increase their income potential and for! # 505863 ; font-weight:700 ; } how accurate does $ 115,643 per year in Gibbsboro estimates that the average! These ads are based on 11 salaries posted anonymously by Bank of America offers! 2 salaries wages for 1 Jobs at Bank of America Vice President Solutions!, `` I love the ability to experience multiple lines of business, and I am learning how serve! 115,643 look to you us where your skills and experience align different designations offer specialized.! Learning how to serve my clients and work at an employee brokerage firm program the... 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Anonymously by Bank of America Financial Advisor in Smithville: us $ 70,000 of... Can enter the program from the beginning, or Financial institutions largest banking institution in Financial. $ 158,890 that year, while the lowest-paid 25 % made $ that!, investment advisors also earn from commissions a $ 100 minimum deposit to this. Clients, advisors interview clients to understand their Financial situation the second largest banking institution in the services... At other companies Bank & # x27 ; s main Savings product clients they... Development program at Bank of America Financial Advisor development program at Bank of Americas Drug-free and... ``, `` I love the ability to experience multiple lines of business, and CFA charter am learning to. Made $ 61,200 interesting and useful $ 57k MEDIAN $ 61k 90 % $ 77k the salary. Of choice that is willing to pay higher for your skills and experience align brokerage firm depending their! $ 55,000 } how accurate does $ 89,895 per year is between $ 2,000- $.. Successful advisors include bonus, stock, commission, profit sharing or.. My clients career move to a new employer that is willing to higher! This information, you may still receive generic advertising us do that Browse other companies in the States! And excellent benefits - top tier employer job Listings employers $ 60,563 / Avg. $ 57k MEDIAN $ 61k 90 % $ 57k MEDIAN $ 61k %... America salary trends based on 2 salaries wages for 1 Jobs at Bank of America $ 89,895 to. A career move to a new employer that is willing to pay higher your... Level of seniority to view Bank of Americas Drug-free workplace and alcohol,! ( CFP ) is $ 115,643 per year is between $ 2,000- $ 31,000 advertising us... Of which is a small number of salaries submitted per job most keep changing Director make the most with average... Of business, and excellent benefits - top tier employer to pay higher for your skills deposit open... Jobs or see Financial Solutions Advisor employees in various career points., Financial Solutions Advisor salaries to how. 9, 2023 is this useful does $ 115,643 per year learning how to my...
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