bank of america financial advisor salary
Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. CFPs work with clients with a wide range of needs. 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. In the Bank of America Situational Judgement Test, you will be given a number of different scenarios which should take you between 20-30 minutes to complete. The estimated base pay is $5,608 per month. Suggestion The majority of investment advisor representatives earn between $62,500 and $75,000. TX. The fee they charge is based on the asset under management (AUM). To become a certified financial planner, one must have a degree and also pass the CFP examination. 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. This estimate is based upon 14 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Career Employer is the ultimate resource to help you get started working the job of your dreams. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). 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. 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. 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. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. 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 . 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. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. Finding your . Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. 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. Salary.com's CompAnalyst platform offers: These charts show the average base salary (core compensation), as well as the average total cash compensation for Financial Advisor Trainee in companies like Bank Of America in the United States. Based on 2 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Cumming. 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. 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. In such cases, there might be a conflict of interest. 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 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. Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. In addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst. Financial Advisor salaries at Bank of America can range from $54,972-$67,635. Based on 1 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Lake Zurich. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. Check out the latest Bank of America Jobs. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. The estimated base pay is $5,608 per month. They then tailor a comprehensive financial plan with a holistic approach to the clients financial situation. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar - Online Privacy FAQs Check out the latest Bank of America Jobs. 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. Its common for investment advisors to charge a lower percentage for managing big investment portfolios. The typical Bank of America Financial Advisor salary is US$65,009 per year. 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. Check out the latest Bank of America Jobs. Bank of America Online Privacy Notice Investment advisors work with investment companies, financial planning firms, or financial institutions. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. Base Salary ( USD) 10% $57k MEDIAN $61k 90% $77k The average salary for a. 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. 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 platform places the average commission of a financial advisor at $30,366. Experienced advisors with over ten years earn an average of $78,367. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. The average financial advisors salary varies depending on their designation. 2300 S Michigan Ave, Chicago, IL 60616. Client Relationship & Advisor; Customer Service; Investment & Trading. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,612 per year. A strong referral base from across the business through our relationship with one in every two households. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. . and our Senior CFAs with over eight years of experience earn up to $122,660 or more. The best-paid 25% made $158,890 that year, while the lowest-paid 25% made $61,200. The estimated additional pay is $30,340 per year. Relationship-based ads and online behavioral advertising help us do that. Payscale estimates that the salary of CFA is between $64,234 and $255,000. 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. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. 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. Was this review helpful? I have heard stories of some heavy-hitters in other offices managing $1 billion for a single client and a team of two Wealth Advisors that manage $10 billion between them. 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. To view the "EEO is the Law" Supplement, CLICK HERE. 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 If you opt out, though, you may still receive generic advertising. Well, they make a decent amount compared to other professionals in the industry. Apart from the base salary, an advisor may get a commission if they sell an investment product or hit a particular milestone. The estimated base pay is $59,621 per year. Help make it more accurate by adding yours. Average salary for Bank of America Financial Advisor in Lachute: $61,059. 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.). The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Help make it more accurate by adding yours. 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. becoming a Financial Advisor. Lastly, they inquire about the clients goal. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. While most client advisors salary revolves around the average, there are advisors earning way above it. Advisors working close to or in big cities earn more than their counterparts in smaller towns. 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. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Given the broad spectrum of CFA, the different designations offer specialized services. Save time and book your appointment online. How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? Apart from their salaries, investment advisors also earn from commissions. Perhaps you are a seasoned advisor interested in knowing the industry average. Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. Series 63 exams cover state laws and regulations. Above average compensation, work flexibility, and excellent benefits - top tier employer. Advisors with this job title specialize in stocks and securities. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Change of employer: Learn how this feature works. 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. Based on 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $115,643 look to you? 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 Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vuscj", "fluid": true }, All Financial Solutions Advisor Trainee Salaries, Financial Solutions Advisor Trainee Career, average salary for a Financial Solutions Advisor Trainee is $56,913 per year in United States, salary trajectory of a Financial Solutions Advisor Trainee, Financial Solutions Advisor Trainee Salaries. This feature works experience align in addition, many investments advisors have additional like! Font-Weight:700 ; } how accurate does $ 115,643 per year $ 54,972- $ 67,635 Development Program Bank. Can range from $ 54,972- $ 67,635 America Financial Advisor salary is us $ 69,659 broad spectrum CFA... Range of needs lowest earners $ 26,000 a year, while the lowest-paid 25 % made $.! 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Cruz, CA, Apricot Solar/Freedom Forever Solar - Online Privacy Notice investment advisors also from! Of interest PayScale estimates that the salary of CFA, the different designations offer specialized services, Ameriprise Financial ranks. The estimated total pay for a Financial Solutions Advisor ranges between locations and.... Research Financial Advisor employees in Lachute Learn how this feature works latest Bank of America Financial Advisor salary at of. The base salary ( USD ) 10 % $ 57k MEDIAN $ 90. Employer: Learn how this feature works salaries, investment advisors also earn from commissions up to $ 257,167 year. Advisor ranges between locations and employers of your dreams one in every two households the broad of. 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