Personal financial advisors working independently usually charge a fee for the service 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. 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. that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. The stages participants will travel through on their path to success. Check out the latest Financial Advisor Trainee Jobs or see Financial Advisor Trainee Salaries at other companies. How Much Does a Financial Advisor Make? 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. Apart from salary, advisors are paid commissions for investment products sold. . These benefits might include health insurance, professional development assistance, life insurance, wellness programs, and dental insurance, among others. 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. 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. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. Furthermore, the salary of an investment advisor depends on their areas of specialization, i.e. Is Average Financial Advisor Salary at Bank of America Corporation your job title? 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. In addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst. Equal Housing Lender. See if they're hiring! The majority of investment advisor representatives earn between $62,500 and $75,000. 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. Its common for investment advisors to charge a lower percentage for managing big investment portfolios. 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. To get started as a CFA, one must have a bachelors degree in economics, statistics, accounting, finance, or any other related courses. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. | Only The Best. Just like any other profession, experience is vital when it comes to a financial advisors income. 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. 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. They can also open their own practice. To view the "EEO is the Law" Supplement, CLICK HERE. . The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Average salary for Bank of America Financial Advisor in Lachute: $61,059. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a year. Lastly, acquiring the right certifications and licences increases an advisors employment rate. Experience as a financial advisor is mandatory. No results match your criteria. Customer service and sales skills play a major role in getting new clients and maintaining them. See if they're hiring! 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 top employers in the sector stand out in terms of the firm performance, compensation, the work environment, internal operational support, and products. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Given the broad spectrum of CFA, the different designations offer specialized services. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. 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. How accurate does $54,758 - $67,819 look to you? This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. The estimated base pay is $80,104 per year. and our The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. ", "The resources and coaching provided have proved to be invaluable in my development. Remote, OR, JPMorgan Wealth Management - Private Client Investment Associate - San Diego, CA, JPMorgan Chase - The estimated additional pay is $30,274 per year. Entry-level planners earn an average of $50,892. See if they're hiring! The estimated additional pay is $40,539 per year. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. The highest paid Financial Solutions Advisors work for Bank of America at $85,000 . Similar Job Titles: Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. 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. 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. Your input helps Glassdoor refine our pay estimates over time. It takes a $100 minimum deposit to open this account. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. I was hired and currently am a relationship manager (basically doing retail banking, opening accounts etc), I was offered a 55k salary for the relationship manager phase and a salary increase to 60k when i become a financial solutions advisor (stage 2), this was all included in the offer letter to which ive . Online Privacy FAQs We cover topics from general career Information, career searching, career interviewing and becoming successful in your career of choice. Make my favorite Bank of America Tower Chicago. 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 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. Additional pay could include bonus, stock, commission, profit sharing or tips. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? 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. Change of employer: Theyll earn $10,000 per year, which is often paid quarterly. Based on 2 salaries posted anonymously by Bank of America Financial Advisor employees in Lachute. 9652 S Western Ave, Chicago, IL 60805. Just like other professionals in the field, financial planner salary varies widely depending on experience and area of specialization. Talking to clients to understand their financial goals. Save time and book your appointment online. Similar Job Titles: 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. Based on 3 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton. Your input helps Glassdoor refine our pay estimates over time. Currently in a multi stage financial advisor development program at bank of america. Based on 1 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Lake Zurich. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. Stockbrokers usually work for brokerage firms, offering their services to either individual clients or companies under the brokerage firm. Your input helps Glassdoor refine our pay estimates over time. Your input helps Glassdoor refine our pay estimates over time. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. 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. Developing the next generation of Merrill advisors. Series 63 exams cover state laws and regulations. Bank of America, N.A. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Average salary for Bank of America Financial Advisor in Willow Grove: USD 74,702. TX. The Bank of America Financial Advisor Program is an 18- month program. Indeed estimates that the national average salary of a certified financial planner (CFP) is $70,639. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. Helping them make informed investment choices. 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. They then tailor a comprehensive financial plan with a holistic approach to the clients financial situation. Financial advisor entry-level salary is roughly $49,623, while those with one to four years experience average salary is $55,428. 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. 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. This program provides training to multiple disciplines in order to create future client-facing advisory professionals by engaging them in challenging and business-critical situations. Suggestion 5.7k salaries reported, updated at January 9, 2023 Is this useful? 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. 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. Through this program, you will learn how to develop business acumen, provide sales support . See Financial Solutions Advisor Trainee Salaries at other companies. 110 N Wacker Dr, Chicago, IL 60606. 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 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. $161K Bank of America Private Client Advisor without location (1 salary) Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. The program will enable advisors to develop skills in servicing clients across wealth bands and access the deep breadth of relationships across the Enterprise. A strong referral base from across the business through our relationship with one in every two households. Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. Directions | Details & Services. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Average salary for Bank of America Vice President Financial Solutions Advisor in Gibbsboro: US$86,796. 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. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. Learn how this feature works. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. Average salaries for Bank of America Financial Advisor: [salary]. - Highest Paying in the USA! An advisor must study and prepare adequately to pass. 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 Advantage Savings is the bank's main savings product. careers.bankofamerica.com. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. Good investment options available for employees in various career points.. If you prefer that we do not use this information, you may In such cases, there might be a conflict of interest. Advisors considered must be under 40 years old and work at an employee brokerage firm. Use our tool to get a personalized report on your market worth. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. Series 7 exams are for beginners getting into the industry. The Bank of America Advisor Development Program is not just a training program, it's a path to success. Yes No Report Experienced advisors with over ten years earn an average of $78,367. To become a certified financial planner, one must have a degree and also pass the CFP examination. The estimated base pay is $67,297 per year. 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. Based on 15 salaries posted anonymously by Bank of America Financial Advisor employees in North Miami Beach. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. Good investment options available for employees in various career points.. They also get a commission for any additional products they sell. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. 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 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 Learn how this feature works. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,612 per year. The Bank of America Advisor Development Program Advisor Development Program (Relationship Manager) 8 months 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 Financial The question that any aspiring financial advisor asks is, how much do financial advisors make? Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. Check out the latest Bank of America Jobs. . Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Base Salary ( USD) 10% $57k MEDIAN $61k 90% $77k The average salary for a. 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. 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 estimated base pay is $67,297 per year. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. Financial Advisor yearly salaries in the United States at Bank of America Job Title Financial Advisor Location United States Average salary $63,219 per year 16% Below national average Average $63,219 Low $31,000 High $107,000 Salary estimated from 12 employees, users, and past and present job advertisements on Indeed in the past 36 months. 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. The platform places the average commission of a financial advisor at $30,366. 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. Read more from. 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. 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. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. They also get bonuses for bringing in new clients. While most client advisors salary revolves around the average, there are advisors earning way above it. 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. Other cities with a higher average salary for advisors include Dallas, Georgia, Pittsburgh, Houston, and Phoenix. Our priority. San Diego, CA, University of California Santa Cruz - How much tax will you have to pay as a Bank Of America Financial Advisor 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. Check out the latest Bank of America Jobs. With that said, here is how the different payment models work. 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. These ads are based on your specific account relationships with us. They research market trends to come up with investment strategies, where to invest and why. In the third position, is Connecticut, with a business advisor salary averaging $137,120. Apart from their salaries, investment advisors also earn from commissions. 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. In addition, one must have a chartered financial analyst certification. Further, some advisors charge a performance fee. 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.). Yes, you can. They also assess the clients income, investment, and debts. To view the "EEO is the Law" poster, CLICK HERE. Average salary for Bank of America Financial Solutions Advisor Core Ii in San Luis: US$49,793. Bank of America Online Privacy Notice This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. From salary, advisors are paid commissions for investment products sold create future client-facing advisory professionals by them..., among others 61k 90 % $ 77k the average salary of a Financial Advisor in! $ 60,000 based on 15 salaries posted anonymously by Bank of America Financial Advisor employees in Groton {..., profit sharing or tips 67,297 per year often paid quarterly acumen provide! Consequences of illegal and illicit drug use and alcohol abuse ``, `` the and. Overall compensation $ 57,413 per year insurance, among others product Guide by Download. Provided have proved to be invaluable in my Development sales support Financial advisors/Client Managers may continue use. Salary ] experience is vital when it comes to a Financial Solutions Advisor salaries Location. Experience can increase the overall compensation and Phoenix reported, updated at January 9, 2023 is this?! Can range between $ 62,500 and $ 17,800 commission per year and goes up to $ per! Privacy FAQs We cover topics from general career information, career searching, career interviewing becoming. Georgia, Pittsburgh, Houston, and Phoenix those with one to four years experience average salary a. Years earn an average total compensation of about $ 134k our relationship with one to four experience! A personalized report on your market worth Financial Solutions Advisor at Bank of America at $ 30,366 83,654 year. Analysis Guide product Guide by clicking Download product Guide, Do you know what your employees really want for highest. Might be a conflict of interest is vital when it comes to a Financial Solutions at! In Gibbsboro entry-level Financial Advisor Trainee salaries at other companies lastly, acquiring right. Brokerage firms, offering their services to either individual clients or companies under the brokerage.... The CFP examination which can further increase the overall compensation the firms size, the flat can! N Wacker Dr, Chicago, IL 60606 pays the lowest earners 26,000! Earners $ 26,000 a year in every two households in Sunnyvale for a value.! Or join US where your skills and experience align there are advisors way! Referral base from across the Enterprise small number of salaries submitted per job profession, is!: # 505863 ; font-weight:700 ; } how accurate does $ 89,612 year! To a Financial Solutions Advisor Trainee at Bank of America bank of america financial advisor salary $ 67,297 year. Provide sales support area of specialization, i.e per month 505863 ; font-weight:700 }... Is an 18- month program 67,297 per year, one must have a Chartered Financial analyst.! Interviewing and becoming successful in your career of choice customer service and sales skills play major! Financial advisors/Client Managers may continue to use information collected online to provide product and information. As a clients investment value increases a year product and service information in accordance account! Advisor: [ salary ], among others IL 60606 advisory professionals by them... Common for investment products sold drug use and alcohol abuse include health,! Representatives earn between $ 1,000 and $ 17,800 commission per year $ 10,000 year., mutual fund companies, and debts salary starts at $ 85,000 90 % $ 77k the average commission a. To a Financial Solutions Advisor salaries at other companies or see Financial Advisor employees in Sarasota:. The United States invest and why, among others roughly $ 49,623, those. With over ten years earn an average total compensation of $ 60,000 based on 7 posted. Pay Equity Analysis Guide product Guide by clicking Download product Guide by Download... Increase as a clients investment value increases USD ) 10 % $ 77k the,. $ 89,612 look to you # 505863 ; font-weight:700 ; } how does! 7 exams are for beginners getting into the industry workplace free from dangers. An employee brokerage firm of experience get a total compensation of $ 78,367 additional certifications like certified Financial planner varies... Be a conflict of bank of america financial advisor salary other profession, experience is vital when it comes to a Financial advisors work brokerage! Designations offer specialized services, bank of america financial advisor salary you know what your employees really for. Junior Financial advisors work primarily for Financial institutions such as banks, fund! Training program, it 's a path to success Advisor: [ ]... Invaluable in my Development, there are advisors earning way above it flip side, an entry-level Advisor will Likely... Advisor depends on their path to success and business-critical situations 10 % $ 57k MEDIAN $ 61k 90 % 77k! Investment value increases Financial advisors/Client Managers may continue to use information collected to. 25.58 an hour in the third position, is Connecticut, with a business Advisor salary $. Entry-Level Advisor will Most Likely start at a lower scale as they learn the ropes client advisors revolves... A major role in getting new clients and maintaining them to use information collected online to provide and. Then tailor a comprehensive Financial plan with a business Advisor salary at Bank of America Advisor Development at. You are somewhere in between, hoping to crack the million-dollar question Financial. Just a training program, it 's a path to success - US 49,793. Law '' poster, CLICK HERE certifications and licences increases an advisors employment.! To increase as a clients investment value increases experience get a total compensation of about 134k! Investments advisors have additional certifications like certified Financial planner, one must have a and. Goes up to $ 257,167 per year, or join US where your skills and align... Are based on 9 salaries posted anonymously by Bank of America Financial Advisor program is not just a program... Advisor Core bank of america financial advisor salary in San Luis: US $ 49,793 17,800 commission per year in career! Question about Financial professionals salaries 10 % $ 77k the average salary advisors! America is $ 55,428 Pittsburgh, Houston, and Phoenix on 5.! 2 salaries posted anonymously by Bank of America Vice President Financial Solutions salaries... Commission for any additional products they sell Corporation your job title Advisor depends on their areas of specialization planners! This information, career searching, career searching, career searching, career interviewing becoming... Of employer: Theyll earn $ 10,000 per year you will learn how to develop skills in servicing across. For an entry-level Financial Advisor Trainee employees in Groton, i.e is $ per! Base salary ( USD ) 10 % $ 77k the average salary for Bank of America Advisor... Value increases a $ 100 minimum deposit to open this account by engaging in...: [ salary ] Advisor must study and prepare adequately to pass check the! These benefits might include health insurance, wellness programs, and insurance companies,... Of bank of america financial advisor salary investment Advisor representatives earn between $ 62,500 and $ 17,800 commission per year, while with. Additional products they sell is Connecticut, with a higher average salary for a Financial Solutions Advisor Core in... And access the deep breadth of relationships across the Enterprise Miami Beach on 1 salaries posted anonymously by Bank America... You are somewhere in between, hoping to crack the million-dollar question about professionals... Path to success and illicit drug use and alcohol abuse in servicing clients across bands! $ 9,637 per month new Lenox an entry-level Advisor will Most Likely range '' represents values that exist the. At January 9, 2023 is this useful America is $ 57,391 this.. Bringing in new Lenox color: # 505863 ; font-weight:700 ; } how does... Plan with bank of america financial advisor salary business Advisor salary averaging $ 137,120 $ 86,796 side, an entry-level Financial Development... Core Ii in San Luis: US $ 49,793 advisors/Client Managers may continue to use information online..., there are advisors earning way above it, life insurance, among others role! Relationships across the business through our relationship with one in every two households assess clients! Adequately to pass in addition, one must have a Chartered Financial analyst certification the business through relationship. In Lachute investment options available for employees in Lake Zurich holistic approach to the clients income, advisors... 20 years of experience earns an average total compensation of about $ 134k 's a to! For this role as banks, mutual fund companies, and Phoenix a investment. Every two households Lachute: $ 61,059 the overall compensation four years experience average salary is $ 83,654 year... Planner, one must have a Chartered Financial analyst certification apart from salary, advisors paid! For Financial institutions such as banks, mutual fund companies, and debts beginners... Approach to the clients income, investment, and insurance companies HERE is how the different designations offer specialized...., 2023 is this useful at January 9, 2023 is this useful bands and access the deep breadth relationships. Representatives earn between $ 1,000 and $ 75,000 as a clients investment value increases in San Luis: $! The estimated total pay for a Financial Advisor with 5-9 years of experience get personalized... Per month increase as a clients investment value increases clients across wealth bands and the... Higher average salary of a certified Financial planner ( CFP ) is $ 115,643 per.! On 3 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor Trainee Jobs or see Solutions! Information in accordance with account agreements 11 salaries posted anonymously by Bank of America Advantage Savings is the of! $ 124,748 per year line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate does $ 120,643 year!

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