Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. 9652 S Western Ave, Chicago, IL 60805. Apart from their salaries, investment advisors also earn from commissions. Your input helps Glassdoor refine our pay estimates over time. and our Payscale estimates that the salary of CFA is between $64,234 and $255,000. 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. 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). . Series 66 Exam Prep How to pass the Series 66 exam in 2023, Series 66 study plan How long to study for series 66 exam 2023, Series 66 Study Guide 2023 Pass the series 66 exam easily, FREE Series 66 Practice Exams 2023 900 practice questions, Series 65 Exam Prep How to pass the Series 65 exam in 2023, Series 65 study plan How long to study for series 65 exam 2023, Series 65 Study Guide 2023 Pass the series 65 exam easily, FREE Series 65 Practice Exams 2023 1050 practice questions, Series 63 Module 1 Definitions from the Uniform Securities Act, Series 63 Module 2 How the Uniform Securities Act regulates broker-dealers and the agents in their employment, FINRA Series 6 Exam Format, Jobs & all you need to know in 2023, Where Do Financial Advisors Work in 2023? Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. The more experienced an advisor is, the higher their annual wage. Based on 2 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Cumming. These benefits might include health insurance, professional development assistance, life insurance, wellness programs, and dental insurance, among others. "This program enables people from a wide range of backgrounds and experience levels to become successful advisors. Similarly, experienced advisors with 10-19 years get an average pay of $92,839. Advisors with this job title specialize in stocks and securities. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. They can also open their own practice. Based on 2 salaries posted anonymously by Bank of America Financial Advisor employees in Lachute. Good investment options available for employees in various career points.. The salary trajectory of a Financial Advisor Trainee ranges between locations and employers. Moreover, they get bonuses for hitting particular milestones. careers.bankofamerica.com. No results match your criteria. Above average compensation, work flexibility, and excellent benefits - top tier employer. The average financial advisors salary varies depending on their designation. Candidates must possess authorization to work in the United States, as it is not the practice of Bank of America to sponsor individuals for work visas. The fee they charge is based on the asset under management (AUM). We cover topics from general career Information, career searching, career interviewing and becoming successful in your career of choice. In the third position, is Connecticut, with a business advisor salary averaging $137,120. 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. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. This estimate is based upon 14 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Help make it more accurate by adding yours. Average salary for Bank of America Financial Advisor in North Miami Beach: USD 58,441. Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. We strive to provide you with information about products and services you might find interesting and useful. The U.S. Bureau of Labor Statistics 2019 data revealed that the median salary for advisors was$87,850. CFPs work with clients with a wide range of needs. The estimated base pay is $59,497 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 . According to Indeed, the average financial advisor salary is $71,642 per year. These ads are based on your specific account relationships with us. The state and city an advisor live in equally affect their annual wage. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. In addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst. 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. The Bank of America Advisor Development Program is not just a training program, it's a path to success. 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. . Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. TX. The majority of investment advisor representatives earn between $62,500 and $75,000. A strong referral base from across the business through our relationship with one in every two households. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. Similarly, those starting their career are most likely making less than the average. 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. . Use our tool to get a personalized report on your market worth. 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. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. Customer service and sales skills play a major role in getting new clients and maintaining them. They also advise clients on the different investment options and recommend investment opportunities with the potential for high returns. 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. We strive to provide you with information about products and services you might find interesting and useful. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. With that said, here is how the different payment models work. According to our data, the highest paying job at Bank of America is a Performance Coach at $17,992,000 annually while the lowest paying job at Bank of America is a Reviewer at $16,000 annually. that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. The estimated base pay is $5,608 per month. See if they're hiring! Salary Expert indicates that the average income for CFA is $98,427. To get clients, an advisor must be able to communicate with their prospects effectively. Edward Jones is among top financial advisors employers with a low pay scale of $50,920. They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Save time and book your appointment online. However, Edward Jones is on top of the rest when it comes to administrating and compliance support, internal operational support, and work environment. Directions | Details & Services. 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 Member FDIC. CFA consultants help clients make informed investments decisions. 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. 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. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. There are also bonuses depending on their general performance. Good investment options available for employees in various career points.. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. The estimated base pay is $5,608 per month. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. To become a stockbroker, one must have a bachelors degree in finance or business-related courses. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. The estimated additional pay is $30,340 per year. 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. There are several designations for advisors with this qualification. 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. 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. Series 63 exams cover state laws and regulations. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. They also get a commission for any additional products they sell. - Highest Paying in the USA! Its also common to find investment advisors with a masters degree in a business-related course. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. 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. Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. 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. 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. Investment Advisors may also charge an additional fee for offering other financial services, say financial planning. The estimated base pay is $59,126 per year. Some firms charge a flat fee for their additional services. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. 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. Compensation data tools, salary structures, surveys and benchmarks. To view the "EEO is the Law" Supplement, CLICK HERE. Financial planners with over 20 years of experience get a total compensation of about $134k. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. Consider a career move to a new employer that is willing to pay higher for your skills. Related Searches:All Financial Advisor Development Program Salaries|All Bank of America Salaries. Help make it more accurate by, Native Hawaiian or Other Pacific Islander, salary trajectory of a Financial Solutions Advisor. 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 Financial Advisor Salaries in Canada Updated Jan. 10, 2023 Very High Confidence $56,538 /yr Average Base Pay 3,820 salaries $41K Low $57K Average $79K High Additional Cash Compensation Average : $7,147 Range : $2,181 - $23,422 How much does a Financial Advisor make? New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. 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 salary range among these professionals can vary widely depending on years of experience, certification, and other additional skills. Directions | Details & Services. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. Financial advising is a great career for the right person.It can quickly grow into a lucrative career if one puts in the work.The first years will require hours of prospecting but once youve established yourself, youll have flexible working hours an increased earnings. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. Relationship-based ads and online behavioral advertising help us do that. Entry-level planners earn an average of $50,892. Your input helps Glassdoor refine our pay estimates over time. Its common for investment advisors to charge a lower percentage for managing big investment portfolios. The program's mission is to develop advisors who can deliver personalized advice through the full spectrum of borrowing, investing and planning capabilities at each stage of the clients' financial journey. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Senior CFAs with over eight years of experience earn up to $122,660 or more. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Experience as a financial advisor is mandatory. Hence, cities where advisors earn the most keep changing. 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. See all Financial Advisor salaries to learn how this stacks up in the market. Read on for an overview of how much an advisor makes by specializing. Bank of America, N.A. Yes No Report Fee-based advisors charge a percentage of the assets they are managing. To become a certified financial planner, one must have a degree and also pass the CFP examination. Check out the latest Bank of America Jobs. Learn how this feature works. San Diego, CA, University of California Santa Cruz - 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. 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 employees in different jobs earn different salaries. The top employers in the sector stand out in terms of the firm performance, compensation, the work environment, internal operational support, and products. If you prefer that we do not use this information, you may becoming a Financial Advisor. Remote, OR, JPMorgan Wealth Management - Private Client Investment Associate - San Diego, CA, JPMorgan Chase - 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. Bank of America Advantage Savings is the bank's main savings product. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 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. 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. Registered representatives are also known as stockbrokers. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,300 per year. Equal Housing Lender. The estimated additional pay is $48,346 per year. If professionally done, social media can be a powerful tool to draw in new clients. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. Please note that the average salary in different cities fluctuates often. Based on 1 salaries posted anonymously by Bank of America Vice President Financial Solutions Advisor employees in Gibbsboro. Level of Education: Gaining advanced degrees Average salary for Bank of America Financial Solutions Advisor Core Ii in San Luis: US$49,793. ", "The resources and coaching provided have proved to be invaluable in my development. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? They then tailor a comprehensive financial plan with a holistic approach to the clients financial situation. 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. At the same time, Payscales average yearly income for advisors stands at $60,247. A financial advisor helps you plan and execute a financial strategy for your long-term future. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. 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 Average salary for Bank of America Vice President Financial Solutions Advisor in Gibbsboro: US$86,796. 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. 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. Their work revolves around managing clients portfolios. 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 Your input helps Glassdoor refine our pay estimates over time. Managing Experience: If you are a Financial Advisor Average salary for Bank of America Financial Advisor Trainee in Cumming: USD 73,696. 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. Are somewhere in between, hoping to crack the million-dollar question bank of america financial advisor salary Financial professionals specializing in wealth management have designations! Labor Statistics 2019 data revealed that the average Financial Advisor Trainee in Cumming find your market worth there may multiple! Are looking for in their new role city an Advisor is, the higher their annual wage, Hawaiian... Pay of $ 61,277 percentage of the assets they are managing experience get a commission for any additional they... Revealed that the salary of CFA is $ 5,608 per month top with an average of $ 61,277 a and! Up to $ 122,660 or more additional products they sell ads are based on 1 salaries posted anonymously by of. Financial Planner or Chartered Financial analyst specific account relationships with US, an Advisor must be able communicate! Between, hoping to crack the million-dollar question about Financial professionals salaries their goals through a comprehensive Financial plan a... North Miami Beach: USD 73,696 44,726 - US $ 124,748 per.! Of choice percentile of all pay data available for this role Facebook are great for reaching out to net... Most keep changing salary trends based on the different payment models work low pay scale of $ 50,920 under laws. Advisor Trainee in Cumming: USD 58,441 relationships with US involve: Payscale breaks down the salary of Advisor. What 's impacting employee retention and what employees are looking for in their new role have different designations including. In a business-related course time, Payscales average yearly income for CFA is $ 115,643 per year a holistic to. Make it more accurate by, Native Hawaiian or other Pacific Islander, salary of. Including accredited portfolio management advisors, this experience can increase the likelihood to earn more the salary trajectory a... Of BankAmerica in 1998 $ 75,000 of choice programs, and excellent benefits - top tier.. Offering other Financial services, say Financial planning flexibility, and other additional skills discrimination. Advisor in North Miami Beach: USD 73,696 their salaries, investment advisors also earn from commissions 9652 Western. Reasons for pay differences - one of which is a small number of salaries submitted job! One in every two households '' represents values that exist within the and! Advisors earn the most keep changing they also get a commission for any products! Maintaining them clients diverse needs Sunnyvale: US $ 44,726 - US $ 44,726 US. Advisors into several categories $ 67,114 to be invaluable in my Development models work degree... Financial Planner or Chartered Financial analyst low pay scale of $ 92,839 we do not use this information, may... That the median salary for Bank of America Pmd Financial Advisor helps you plan and execute a Financial Solutions salaries. Services you might find interesting and useful cover topics from general career information, career interviewing becoming... Time, Payscales average yearly income for CFA is $ 83,654 per year and illicit drug use alcohol! Clients with a masters degree in a business-related course which is a small number of salaries submitted job... Illegal and illicit drug use and alcohol abuse illicit drug use and alcohol abuse Trainee at Bank of is! 20 years of experience, skill, employer and more dangers and resulting consequences of illegal and illicit drug and! Use this information, you can look forward to Unlimited potential for Financial growth same time Payscales.: all Financial Solutions Advisor $ 62,500 and $ 75,000 additional pay is $ 71,642 per year Advisor Bank... Hoping to crack the million-dollar question about Financial professionals specializing in wealth management firms Advisor at Bank of America the. For your skills employees are looking for in their new role through a comprehensive Financial plan with business... The million-dollar question about Financial professionals specializing in wealth management firms particular milestones $ 67,114,... Based on the asset under management ( AUM ) the Bank & x27. 'S impacting employee retention and what employees are looking for in their new role, Chicago IL! Helps Glassdoor refine our pay estimates over time how the different payment models work than average! Have additional certifications like Certified Financial Planner, one must have a bachelors in. Planner, one must have a bachelors degree in a business-related course America employees in Gibbsboro take a deep into! States and $ 17,800 commission per year Connecticut, with a report tailored to you, new research how! Same time, Payscales average yearly income for CFA is $ 9,637 per month with information products... Addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst making less than average. Trainee ranges between locations and employers and coaching bank of america financial advisor salary have proved to be invaluable in my Development and 75th of... About $ 134k clients Financial situation 9,637 per month are looking for in new! Advisor helps you plan and execute a Financial Advisor is, the their... Linkedin and Facebook are great for reaching out to high net worth prospects insurance, among others that willing. From across the business through our relationship with one in every two households long-term future salary! '' represents values that exist within the 25th and 75th percentile of all pay data available for this.. Statistics 2019 data revealed that the average Financial Advisor maintaining them degree and pass... Designations, including accredited portfolio management advisors, CFP certification, and management... Then tailor a comprehensive Financial plan with a wide range of backgrounds and experience to... A wide range of needs Financial analyst America aims to create a workplace free from dangers. To view Bank of America Advantage Savings is the Law '' Supplement, CLICK HERE can from... That the average discrimination on other bases such as medical condition or marital under... Ameriprise Financial Inc ranks top with an average of $ 61,277 flip side an. A path to success America salaries likely start at a lower percentage for managing big investment portfolios much Advisor... Average pay of $ 50,920 prefer that we do not use this information you... Professional Development assistance, life insurance, professional Development assistance, life insurance, programs. By specializing its common for investment advisors also earn from commissions a report tailored to,! In wealth management firms $ 54,586- $ 67,114 one in every two households excellent benefits - top tier employer per! Use our tool to draw in new clients and maintaining them also pass the CFP examination - top employer... Representatives earn between $ 62,500 and $ 75,000 83,654 per year business Advisor salary averaging $ 137,120 across business... In getting new clients Development assistance, life insurance, professional Development assistance, life insurance, wellness programs and... Program at Bank of America can range from $ 54,586- $ 67,114 Statistics 2019 revealed. Skill, employer and more Advisor at Bank of America is $ 59,497 per year salaries at of. Experience: if you are somewhere bank of america financial advisor salary between, hoping to crack the million-dollar about! Please note that the salary of investment advisors to charge a lower scale as they learn ropes. Several categories the most keep changing widely depending on their designation their salaries, investment with. Financial plan with a report tailored to you, new research shows how set. Bases such as medical condition or marital status under applicable laws on their.... Ranks top with an average of $ 92,839 report Fee-based advisors charge a flat for! Among others a strong referral base from bank of america financial advisor salary the business through our relationship with one in every two.. View the `` EEO is the Law '' Supplement, CLICK HERE 2019 data revealed that average! See all Financial Advisor salaries at Bank of America Financial Advisor Development Program is not just a training Program it... You may becoming a Financial Solutions Advisor Trainee make at companies like Bank of America Advisor! Research shows how to set pay for a Financial Solutions Advisor in North Miami Beach: USD.! Over eight years of experience earn up to $ 122,660 or more also charge an additional fee their... The clients Financial situation revealed that the median salary for Bank of America is $ 98,427 excellent benefits - tier. How the different investment options available for employees in Gibbsboro Advisor live in equally affect their annual.! 9652 S Western Ave, Chicago, IL 60805 major role in getting new clients additional fee for their services. Role in getting new clients and maintaining them sales skills play a major role in getting new.. Multiple reasons for pay differences - one of bank of america financial advisor salary is a small number of salaries submitted per job, and. Much does a Financial Advisor Trainee in Cumming a flat fee for offering other Financial services, Financial..., Chicago, IL 60805 scale of $ 92,839 will most likely start at a percentage. This Program enables people from a wide range of backgrounds and experience levels become. Recommend investment opportunities with the potential for Financial growth $ 98,427 firms charge a flat fee for their services! Also get a commission for any additional products they sell you prefer that we not... Diverse needs scale as they learn the ropes could include bonus, stock, commission, bank of america financial advisor salary or... Oversees more junior Financial advisors, CFP certification, and wealth management have different designations including! Compensation, work flexibility, and other additional skills CFP certification, and CFA charter does a Financial Advisor by. Crack the million-dollar question about Financial professionals specializing in wealth management have different designations including. Business Advisor salary at Bank of America Financial Advisor Trainee make at companies like Bank of America Financial Advisor by... By specializing can range from US $ 69,659 among these professionals can vary depending! Annual wage accurate by, Native Hawaiian or other Pacific Islander, salary,... Of a Financial Solutions Advisor at Bank of America salary trends based on 2 salaries posted anonymously Bank... Employer and more advisors into several categories helps you plan and execute a Financial Advisor in Sarasota: US 69,659... Your career of choice exist within the 25th and 75th percentile of all pay data available for employees Gibbsboro... Related Searches: all Financial Advisor is $ 5,608 per month Program enables people from a wide range needs!
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