Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. See if they're hiring! The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. and our The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Average salary for Bank of America Financial Advisor in Cayce: US$68,687. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. 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. Experience as a financial advisor is mandatory. Based on 2 salaries posted anonymously by Bank of America Financial Advisor employees in Lachute. 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 As a wealth advisor gains more experience in the industry, their earning potential increases. Related Searches:All Financial Advisor Trainee Salaries|All Bank of America Salaries. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. 9652 S Western Ave, Chicago, IL 60805. Member FDIC. See if they're hiring! In summary, financial advisor salary is not set in stone. 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. Based on 1 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Lake Zurich. Helping them make informed investment choices. Based on 2 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Cumming. 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. Financial Advisor Trainee at companies like Bank Of America, Bank Of America Financial Advisor Trainee, Bank Of America Financial Advisor Trainee Salaries with a Bachelor's Degree, Bank Of America Financial Advisor Trainee Salaries with a Master's Degree or MBA, Bank Of America Financial Advisor Trainee Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. 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 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. Solar Sales! Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. To view the "EEO is the Law" poster, CLICK HERE. While most client advisors salary revolves around the average, there are advisors earning way above it. The estimated additional pay is $30,340 per year. 5.7k salaries reported, updated at January 9, 2023 Is this useful? Indeed estimates that the national average salary of a certified financial planner (CFP) is $70,639. 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. 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. Through innovative business development and utilizing best-in-class technology to meet clients wherever they are, ADP is modernizing how advisors are developed. The more experienced an advisor is, the higher their annual wage. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. Online Privacy FAQs Similar Job Titles: Financial Advisor salaries at Bank of America can range from $54,972-$67,635. In addition, one must have a chartered financial analyst certification. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. Salary Expert indicates that the average income for CFA is $98,427. Fee-based advisors charge a percentage of the assets they are managing. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Financial professionals interested in taking their careers to the next level take CFA certification. list is available use arrows keys to navigate, Because there were no locations matching your search, we're Customer service and sales skills play a major role in getting new clients and maintaining them. . The estimated base pay is $59,621 per year. Payscale estimates that the average annual salary of a wealth advisor is $80,244, with many advisors earning between $55,000 to $153,000 a year. 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. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vunjp", "fluid": true }, Averages based on self-reported salaries. 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. 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 salary range among these professionals can vary widely depending on years of experience, certification, and other additional skills. The estimated base pay is $80,104 per year. Increasing your pay as a Financial Advisor is possible in different ways. Check out the latest Bank of America Jobs. These ads are based on your specific account relationships with us. We strive to provide you with information about products and services you might find interesting and useful. Averages based on self-reported salaries. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review 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 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. This fee is subject to an investment exceeding a predetermined threshold, which an advisor and their client agree upon at the beginning of their working relationship. TX. ", Discover opportunities within ADP: 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. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. Learn how this feature works. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. The average financial advisors salary varies depending on their designation. Please try broadening your parameters to see results. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 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. Relationship-based ads and online behavioral advertising help us do that. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. According to Indeed, the average financial advisor salary is $71,642 per year. Good investment options available for employees in various career points.. Read on for an overview of how much an advisor makes by specializing. Talking to clients to understand their financial goals. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. Our local team of specialists is ready to help with advice and guidance, wherever you may be in your financial journey. 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. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. If you prefer that we do not use this information, you may The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Schedule an appointment with a specialist to discuss your banking, investments, home loan, or small business needs. 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. Just like any other profession, experience is vital when it comes to a financial advisors income. The estimated base pay is $59,497 per year. Do not spend too much time on the questions as overthinking is likely to confuse the best of candidates, and harm performance as a result. 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 Trainee Salaries|All Bank of America Salaries. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a year. The Bank of America Advisor Development Program is not just a training program, it's a path to success. The average salary for a Financial Solutions Advisor Trainee is $56,913 per year in United States, which is 36% lower than the average Bank of America salary of $89,612 per year for this job. 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. Suggestion Similar Job Titles: Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. 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. Online Privacy FAQs Bank of America Corp. (BOFA) employees with the job title Executive Director make the most with an. Bank of America, N.A. 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. California comes second with an annual average pay of $141,000. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. 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 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 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. The mode of payment will depend on whether an advisor is employed or independent. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? 110 N Wacker Dr, Chicago, IL 60606. 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. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. 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. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $67,507 to $84,718 with the average total cash compensation of $75,006. Check out the latest Bank of America Jobs. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. In the third position, is Connecticut, with a business advisor salary averaging $137,120. Bank of America Online Privacy Notice Financial planners with over 20 years of experience get a total compensation of about $134k. If you prefer that we do not use this information, you may Financial Advisors made a median salary of $94,170 in 2021. Apart from salary, advisors are paid commissions for investment products sold. Source: Wikipedia (as of 04/17/2019). The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. The typical Bank of America Financial Advisor salary is US$65,009 per year. See all Financial Advisor salaries to learn how this stacks up in the market. In this model, an advisor gets paid a percentage if they sell a product to a client. 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. This fee could be hourly, where an hourly rate can be anything from $100 to $300. See all Financial Advisor salaries to learn how this stacks up in the market. 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. There are several designations for advisors with this qualification. Payscale shows that as of September 2021, financial advisors national average base salary is $60,247. This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. The latest Financial Solutions Advisor salaries at other companies, investments, home,., Chicago, IL 60606 most with an annual average pay of $ 7K- $ 13K/mo All data... 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