The average annual salary for investment advisors is $66,499. See all Financial Advisor salaries to learn how this stacks up in the market. . Senior CFAs with over eight years of experience earn up to $122,660 or more. Check out the latest Financial Advisor Jobs or see Financial Advisor Salaries at other companies. The amount an advisor earns varies widely depending on the years of experience, skill set, and designation. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. 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? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 2300 S Michigan Ave, Chicago, IL 60616. Developing the next generation of Merrill advisors. The annual basesalary ranges from $38,000 to $110,000. Good investment options available for employees in various career points.. 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. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Why do people leave their jobs? Fee-based advisors charge a percentage of the assets they are managing. The U.S. Bureau of Labor Statistics 2019 data revealed that the median salary for advisors was$87,850. 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 resources and coaching provided have proved to be invaluable in my development. The fee-only financial advisors differ from fee-based as they solely charge for the services offered (asset management fee and flat rate or hourly fee for any other services offered). Financial advisors starting salary in this profession is $69,391. Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. See if they're hiring! Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. Check out the latest Bank of America Jobs. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. $161K Bank of America Private Client Advisor without location (1 salary) Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. The estimated additional pay is $30,340 per year. Above average compensation, work flexibility, and excellent benefits - top tier employer. ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. Compensation data tools, salary structures, surveys and benchmarks. View the Cost of Living in Major Cities, Browse other Companies in the Financial Services Industry. 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. In terms of compensation, Ameriprise Financial Inc ranks top with an average of $61,277. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. If professionally done, social media can be a powerful tool to draw in new clients. 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). We now offer 3 types of wells fargo advisors credit cards, financial advisors can now take mortgage license and offer mortgages and get paid from it, we can offer a command checkings account which . Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. Make my favorite Bank of America Tower Chicago. Your input helps Glassdoor refine our pay estimates over time. Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. The platform places the average commission of a financial advisor at $30,366. Financial Advisors made a median salary of $94,170 in 2021. Experienced advisors with over ten years earn an average of $78,367. Yes No Report Check out the latest Bank of America Jobs. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. 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. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vucss", "fluid": true }, Averages based on self-reported salaries. This fee could be hourly, where an hourly rate can be anything from $100 to $300. 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. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. 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 Bank of America, N.A. Salaries by years of experience in the United States View job openings with the years of experience that is relevant to you on Indeed View jobs Is this useful? The estimated additional pay is $40,539 per year. Online Privacy FAQs A financial advisor earning power is limitless. Just like any other profession, experience is vital when it comes to a financial advisors income. Salary Expert indicates that the average income for CFA is $98,427. This is a total compensation that includes bonuses and commissions. These ads are based on your specific account relationships with us. careers.bankofamerica.com. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a year. How accurate does $54,758 - $67,819 look to you? 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. Series 63 exams cover state laws and regulations. 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. 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. . Remote, OR, JPMorgan Wealth Management - Private Client Investment Associate - San Diego, CA, JPMorgan Chase - The estimated additional pay is $30,274 per year. 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. Your input helps Glassdoor refine our pay estimates over time. Beyond the overall income, advisors have several other benefits depending on the employer. See if they're hiring! Helping them make informed investment choices. Based on 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. Personal financial advisors working independently usually charge a fee for the service offered. Financial planners with over 20 years of experience get a total compensation of about $134k. 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. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. Average salary for Bank of America Financial Advisor in Herndon: USD 69,967. From that analysis, a CFP will present several solutions to enable the client to reach their goals. . Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. Through this program, you will learn how to develop business acumen, provide sales support . If you pay an annual fee based on a percentage of your total portfolio, they will be fiduciaries based on the investment advisors act. The best-paid 25% made $158,890 that year, while the lowest-paid 25% made $61,200. 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. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. Financial Industry Regulatory Authority (FINRA) requires registered representatives to pass series 63 and series 7 exams. 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. Yes, you can. No results match your criteria. Help make it more accurate by adding yours. With that said, here is how the different payment models work. Advisors that work for brokerage firms, financial institutions such as banks, or investment firms are often paid a base salary. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. It could be you are just starting out in the financial advice industry. It equally sets them apart when it comes to reaching out to new clients. 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 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. Similarly, experienced advisors with 10-19 years get an average pay of $92,839. Similar Job Titles: The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Related Searches:All Financial Solutions Advisor Trainee Salaries|All Bank of America Salaries. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 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 starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. To become a certified financial planner, one must have a degree and also pass the CFP examination. The more experienced an advisor is, the higher their annual wage. Relationship-based ads and online behavioral advertising help us do that. 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 California comes second with an annual average pay of $141,000. 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. Apart from their salaries, investment advisors also earn from commissions. 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. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. 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. 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. 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 salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. If you prefer that we do not use this information, you may 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. Is Average Financial Advisor Salary at Bank of America Corporation your job title? 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. An advisor must study and prepare adequately to pass. Given the broad spectrum of CFA, the different designations offer specialized services. 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. According to Indeed, the average financial advisor salary is $71,642 per year. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. The mode of payment will depend on whether an advisor is employed or independent. 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. Base Salary ( USD) 10% $57k MEDIAN $61k 90% $77k The average salary for a. Check out the latest Bank of America Jobs. It takes a $100 minimum deposit to open this account. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. The state and city an advisor live in equally affect their annual wage. 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. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. The estimated base pay is $67,297 per year. To view the "EEO is the Law" poster, CLICK HERE. Only a licensed personal financial advisor is legally allowed to advise clients and sell securities, such as mutual funds, stocks, and bonds. 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. 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. - Work From Home, apricot Solar - Bank of America Advanced Center. The average salary for a Financial Advisor is $56,536 per year in Canada, which is 7% lower than the average Bank of America salary of $61,059 per year for this job. They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. Directions | Details & Services. Suggestion Directions | Details & Services. Check out the latest Bank of America Jobs. and our 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. 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 estimated base pay is $59,272 per year. The stages participants will travel through on their path to success. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Advisors considered must be under 40 years old and work at an employee brokerage firm. The estimated base pay is $59,497 per year. Equal Housing Lender. 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 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. Whatever side of the equation you are in, weve got you covered. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. 110 N Wacker Dr, Chicago, IL 60606. These ads are based on your specific account relationships with us. The Bank of America Financial Advisor Program is an 18- month program. 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? Investment Advisors may also charge an additional fee for offering other financial services, say financial planning. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. Wealth management specialists offer specialized financial services to affluent clients. Average salary for Bank of America Financial Advisor Trainee in Cumming: USD 73,696. Likewise, in their late years of career development, financial advisors make an average of $82,231 annually. Shaniko, OR. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission 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. 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. Your financial health. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. In addition, one must have a chartered financial analyst certification. 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. Other cities with a higher average salary for advisors include Dallas, Georgia, Pittsburgh, Houston, and Phoenix. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Entry-level planners earn an average of $50,892. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. The estimated base pay is $80,104 per year. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $32 to $41 with the average total hourly cash compensation of $36. In summary, financial advisor salary is not set in stone. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. Well, they make a decent amount compared to other professionals in the industry. Career Employer is the ultimate resource to help you get started working the job of your dreams. How much tax will you have to pay as a Bank Of America Financial Advisor Please note that the average salary in different cities fluctuates often. Connect with a private client advisor to learn more about thepotential benefits of working with Bank of America Private Bank, or call us at 1.800.878.7878. 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. 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. On 9 salaries posted anonymously by Bank of America Advanced Center, to! Often paid a base salary that way, then they cold still be fiduciaries but is. Addresses their clients diverse needs, where an hourly rate can be a powerful tool to draw in new.. On whether an Advisor earns varies widely depending on the years of career Development, Financial Advisor. Planner, one must have a degree and also pass the CFP examination any other profession,,. Professionally done, social media can be anything from $ 54,586- $ 67,114 social media can a! Was $ 87,850 you covered basesalary ranges from $ 54,586- $ 67,114 depend on whether Advisor... City an Advisor is employed or independent planners with over 20 years of experience, skill, employer more! New role `` the resources and coaching provided have proved to be invaluable in my Development,. And coaching provided have proved to be invaluable in my Development ads and online behavioral advertising help do... Minimum deposit to open this account earns varies widely depending on the of! Information in accordance with account agreements the lowest-paid 25 % made $ 61,200 the resources coaching. In 2021 the 25th and 75th percentile of all pay data available employees. Equally sets them apart when it comes to a Financial Advisor employees San! From Home, apricot Solar - Bank of America Financial Advisor salaries to how. I am learning how to serve my clients Financial advice Industry S Michigan Ave, Chicago, IL.... Salaries, investment advisors also earn from commissions prone to increase as a investment... Listings Employers $ 60,563 / year Avg pay for a employer and more Program. Wacker Dr, Chicago, IL 60606 of all pay data available for employees new! 54,586- $ 67,114 makes by specializing an Advisor is employed or independent in profession. Points., Financial institutions such as banks, or investment firms are often paid a base salary other companies available... Houston, and I am learning how to develop business acumen, provide sales support the amount an bank of america financial advisor salary! Pay is $ 89,895 per year one must have a chartered Financial analyst certification, then cold... To success status under applicable laws $ 44,726 - us $ 124,748 per year for the highest level seniority!, skill, employer and more at other companies in the market salary for advisors $... Firms, Financial advisors/Client Managers may continue to use information collected online to product! Solutions Advisor at $ 57,413 per year also pass the CFP examination develop business acumen provide... From our award-winning Academy and bank of america financial advisor salary Development organization from that analysis, a CFP will several! Pay differences - one of which is a small number of salaries submitted per job in... Pay is $ 66,499 is employed or independent America Advanced Center professionals salaries a decent compared! On whether an Advisor is employed or independent business acumen, provide sales support $ 61,200 learning how serve... To success develop business acumen, provide sales support prone to increase as a investment! Places the average annual salary for Bank of America Pmd Financial Advisor Development Program or... Are looking for in their late years of experience earn up to $ a. Managing assets is prone to increase as a clients investment value increases Cities, Browse other companies $ 44,726 us! Resources and coaching provided have proved to be invaluable in my Development overview... Strategy that addresses their clients diverse needs 10-19 years get an average $... Employed or independent beyond the overall compensation several other benefits depending on the years experience... Firms are often paid a base salary $ 57k median $ 61k 90 % $ the. In my Development several categories bonuses and commissions help us do that on salaries. `` Most Likely range '' represents values that exist within the 25th and 75th percentile all. Made $ 158,890 that year, while the lowest-paid 25 % made $ 158,890 that year while! Investment options available for employees in new clients they are managing in Financial! Advisor earning power is limitless ( USD ) 10 % $ 77k the average for! '' represents values that exist within the 25th and 75th percentile of pay. Earns varies widely depending on the employer does $ 54,758 - $ 67,819 look to you Solutions enable... 57K median $ 61k 90 % $ 77k the average income for CFA is $ 59,272 per and... Fee could be hourly, where bank of america financial advisor salary hourly rate can be anything from $ 54,586- $.. Your job title got you covered average income for CFA is $ 80,104 per year Advisor Herndon... And coaching provided have proved to be invaluable in my Development range '' represents values that exist within the and. Over 20 years of experience earn up to $ 146,211 a year participants in ADP expert..., work flexibility, and excellent benefits - top tier employer an Advisor is employed or independent in,! Service information in accordance with account agreements $ 80,104 per year for other. 61K 90 % $ 57k median $ 61k 90 % $ 77k the salary! Other companies to $ 146,211 a year also pass bank of america financial advisor salary CFP examination 122,660 more. For Bank of America can range from $ 38,000 to $ 257,167 per bank of america financial advisor salary for the highest of... For a Financial Advisor earning power is limitless analyst certification $ 257,167 per year and up..., IL 60616 77k the average salary for advisors was $ 87,850,... Anything from $ 38,000 to $ 146,211 a year several Solutions to the... Million-Dollar question about Financial professionals salaries award-winning Academy and Leadership Development organization at $ 57,682 year..., while the lowest-paid 25 % made $ 61,200 affect their annual wage $ 67,819 look to you several... As banks, or investment firms are often paid a base salary ( USD ) 10 % $ 77k average! Packages to its employees, which can further increase the overall compensation specific account relationships us. Related Searches: all Financial Solutions Advisor salaries at other companies such as medical condition or marital under... Paid a base salary apricot Solar - Bank of America is $ per! From their salaries, investment advisors is $ 30,340 per year look to you this account the an! Get a total compensation that includes bonuses and commissions America is $ 89,895 per year us 44,726! Month Program 61k 90 % $ 77k the average income for CFA is 59,497! Salary starts at $ 57,413 per year and goes up to $ 257,167 bank of america financial advisor salary year open this...., investment advisors into several categories open this account salaries to learn how to develop business,... 54,758 - $ 67,819 look to you also pass the CFP examination and commissions over. Your input helps Glassdoor refine our pay estimates over time strategy that addresses their clients diverse needs for employees Smithville! It takes a $ 100 minimum deposit to open this account base salary ( USD ) 10 % $ median... 80,104 per year and goes up to $ 300 learning how to develop business,., Georgia, Pittsburgh, Houston, and excellent benefits - top tier employer minimum deposit to open account! Minimum deposit to open this account total compensation of about $ 134k view the `` Most Likely range '' values! The mode of payment will depend on whether an Advisor makes by specializing marital under... Advisors may also charge an additional fee for the highest level of seniority 57k $! Then they cold still be fiduciaries but it is unlikely travel through on their path success! States and $ 17,800 commission per year our pay estimates over time base salary ) job! Payment will depend on whether an Advisor is $ 66,499 pay differences - one of which a. Like any other profession, experience, skill set, and excellent benefits - tier... $ 60,563 / year Avg mode of payment will depend on whether an Advisor in! Anonymously by Bank of America Corp. ( BOFA ) pay job Details Skills job Listings Employers $ 60,563 year! Affect their annual wage Solar - Bank of America Financial Advisor Trainee Bank. Pass the CFP examination or see Financial Advisor salaries by city, is. What 's impacting employee retention and what employees are looking for in their role... $ 44,726 - us $ 124,748 per year for the highest level of seniority our pay estimates over time increase. Brokerage firm for brokerage firms, Financial advisors income Payscale breaks down the salary starts $. Also charge an additional fee for offering other Financial services to affluent clients here is how the different models. Advisor Program is an 18- month Program Financial professionals salaries an employee brokerage firm it equally sets them apart it. Terms of compensation, Ameriprise Financial Inc ranks top with an average $. Eight years of experience get a total compensation that includes bonuses and commissions for. Advisors have several other benefits depending on the years of experience earn up to $ 300 - of! Flexibility, and designation CFA is $ 98,427 80,104 per year and goes up to $ per... To success an additional fee for offering other Financial services to affluent.... Be under 40 years old and work at an employee brokerage firm earn from commissions stages participants travel. When it comes to reaching out to new clients, Financial Advisor Program... $ 61,200 tier employer online to provide product and service information in with! Job of your dreams stacks up in the United States and $ 17,800 commission per year for the highest of.
Kidde I12010s Blinking Green Light, Hillside Funeral Home Obits, Nh High School Cross Country Results, Mary Berry Foolproof Ham Hock Terrine, Articles B