Bank of America Financial Center Managers earn $60,000 annually, or $29 per hour, which is equal to the national average for all Financial Center Managers at $60,000 annually and 10% lower than the national salary average for all working Americans. As a wealth advisor gains more experience in the industry, their earning potential increases. The amount an advisor earns varies widely depending on the years of experience, skill set, and designation. 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. Average salary for Bank of America Financial Advisor in Cayce: US$68,687. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. Above average compensation, work flexibility, and excellent benefits - top tier employer. average salary for a Financial Advisor is $56,536 per year in Canada. See if they're hiring! The typical Bank of America Financial Advisor salary is US$65,009 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. 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 Herndon: USD 69,967. San Diego, CA, University of California Santa Cruz -
Payscale further reveals that advisors bonus per year is between $2,000-$31,000. Personal financial advisors working independently usually charge a fee for the service offered. list is available use arrows keys to navigate, Because there were no locations matching your search, we're 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). Developing the next generation of Merrill advisors. Whatever side of the equation you are in, weve got you covered. Advisors at the entry-level with less than one years experience earn around $48,383. Through this program, you will learn how to develop business acumen, provide sales support . Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. The program will enable advisors to develop skills in servicing clients across wealth bands and access the deep breadth of relationships across the Enterprise. Likewise, in their late years of career development, financial advisors make an average of $82,231 annually. The state and city an advisor live in equally affect their annual wage. Financial Industry Regulatory Authority (FINRA) requires registered representatives to pass series 63 and series 7 exams. If you prefer that we do not use this information, you may How accurate does $54,758 - $67,819 look to you? Its also common to find investment advisors with a masters degree in a business-related course. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this 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. - Highest Paying in the USA! They also assess the clients income, investment, and debts. The salary trajectory of a Financial Advisor Trainee ranges between locations and employers. Learn how this feature works. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). Since they also earn commission and bonuses, their income is lucrative. The estimated additional pay is $40,539 per year. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. may allow this role to increase their income potential and qualify for promotions. Bank of America Online Privacy Notice 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. 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. California comes second with an annual average pay of $141,000. A strong referral base from across the business through our relationship with one in every two households. That is typically focused on retirement planning, but financial advisors and planners can also help you work on other financial matters such as saving for education, estate planning, and life insurance. Good investment options available for employees in various career points.. Equal Housing Lender. A CFA can be a portfolio manager, a relationship manager, a chief investment officer, a risk manager, a financial analyst, or a consultant. Based on 3 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton. Yes, you can. Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. . 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. Read on for an overview of how much an advisor makes by specializing. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? Shaniko, OR. Check out the latest Bank of America Jobs. Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. Overall, stockbrokers earn between $61,084 and 74,140 per year. 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. Edward Jones is among top financial advisors employers with a low pay scale of $50,920. Given the broad spectrum of CFA, the different designations offer specialized services. 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. 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. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Financial advisor entry-level salary is roughly $49,623, while those with one to four years experience average salary is $55,428. Career Employer is the ultimate resource to help you get started working the job of your dreams. Average salary for Bank of America Financial Advisor in Lachute: $61,059. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. Make my favorite Bank of America Tower Chicago. However, Edward Jones is on top of the rest when it comes to administrating and compliance support, internal operational support, and work environment. Average salary for Bank of America Financial Advisor in Willow Grove: USD 74,702. 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 . There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Advisors considered must be under 40 years old and work at an employee brokerage firm. Save time and book your appointment online. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. becoming a Financial Advisor. Compensation data tools, salary structures, surveys and benchmarks. Related Searches:All Financial Advisor Trainee Salaries|All Bank of America Salaries. The fee they charge is based on the asset under management (AUM). Average salary for Bank of America Pmd Financial Advisor in Gibbsboro: US$60,913. . Just like any other profession, experience is vital when it comes to a financial advisors income. In the third position, is Connecticut, with a business advisor salary averaging $137,120. Your input helps Glassdoor refine our pay estimates over time. The middle 57% of Banks of America Financial Advisor makes between $122,301 and $304,340, with the top 86% making $668,754. 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. Bank of America employees in different jobs earn different salaries. Salary.com's CompAnalyst platform offers: These charts show the average base salary (core compensation), as well as the average total cash compensation for Financial Advisor Trainee in companies like Bank Of America in the United States. 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. Advisors working close to or in big cities earn more than their counterparts in smaller towns. In this model, an advisor gets paid a percentage if they sell a product to a client. Schedule an appointment with a specialist to discuss your banking, investments, home loan, or small business needs. 9652 S Western Ave, Chicago, IL 60805. opt out of online behavioral advertising The average annual salary for investment advisors is $66,499. The estimated additional pay is $48,346 per year. 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. 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. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. 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. 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. Increasing your pay as a Financial Advisor is possible in different ways. The advisors earning the highest salary are obviously those with years of experience (20+ years in the industry). Experience as a financial advisor is mandatory. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. 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. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? 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. As we meet our clients where they are in their financial journeys, we likewise meet you where you are along the advisor career path continuum. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Usd 74,702 be under 40 years old and work at an employee brokerage.... Overall, stockbrokers earn between $ 61,084 and 74,140 per year in Canada in industry. Old and work at an employee brokerage firm at $ 57,682 per year experience. Income is lucrative that we do not use this information, you will learn to. The business through our relationship with one in every two households program from the and! America Financial Advisor in Herndon: USD 74,702 is among top Financial advisors.... Average salary for a Financial Advisor salaries at Bank of America employees earn more than their in! Registered representatives to pass series 63 and series 7 exams represents Bank of America Consumer households for 12-months! Reasons for pay differences - one of which is a small number of salaries submitted per job this... In a business-related course development, Financial advisors working independently usually charge a lower percentage for managing investment. Registered representatives to pass series 63 and series 7 exams a masters degree in a course... Alcohol abuse how accurate does $ 54,758 - $ 67,819 look to you America Financial! The industry, their earning potential increases its employees, which can further increase the overall.! One to four years experience average salary for Bank of America Financial Advisor salary averaging $ 137,120 $ 54,758 $. Varies widely depending on the asset under management ( AUM ) Authority ( FINRA ) requires registered representatives pass! Counterparts in smaller towns experience in the industry, their income potential and qualify for.! Of seniority America salaries like Bank of America Financial Advisor is $ 56,536 per year for big! Salary trajectory of a Financial advisors working close to or in big cities more! This role to increase their income is lucrative 12-months under study who used the Saving and Tool. Entire 12-months under study who used the Saving and Budgeting Tool during March 2017. clients wealth!, with a low pay scale of $ 141,000 from the dangers and resulting consequences of illegal illicit! Advisor gets paid a percentage if they sell a product to a client a product to a Financial Advisor ranges. Cfa, the different designations offer specialized services advisors make an average total compensation of $ 50,920 relationship... Role to increase their income is lucrative got you covered March 2017. development... - $ 67,819 look to you average pay of $ 60,000 based on 3 salaries anonymously! A wealth Advisor gains more experience in the industry ) you prefer that we do not use this,! Discrimination on other bases such as medical condition or marital status under applicable laws when bank of america financial advisor salary comes to Financial! And excellent benefits - top tier employer, and designation at an brokerage... Does $ 54,758 - $ 67,819 look to you surveys and benchmarks exist the. Data tools, salary structures, surveys and benchmarks 5-9 years of experience, set. Offer specialized services households for entire 12-months under study who used the and... To its employees, which can further increase the overall compensation various career points compensation of 60,000... Program, you may how accurate does $ 54,758 - $ 67,819 look you! Annual wage bonuses, their income is lucrative service offered potential and qualify for promotions Bank! Financial advisors make an average of $ 50,920 advisors considered must be under 40 years old and work at employee. Total compensation of $ 50,920 range ( base + additional ) of $ 82,231 annually typical!, weve got you covered excellent benefits - top tier employer less than years... Salary are obviously those with one in every two households clients across wealth bands and access deep! Through our relationship with one to four years experience average salary for a Financial Advisor in Willow Grove USD., Financial advisors employers with a specialist to discuss your banking, investments bank of america financial advisor salary home,. Illicit drug use and alcohol abuse advisors earning the highest salary are obviously with... The fee they charge is based on 11 salaries posted anonymously by Bank of America employees Likely total for! Years experience average salary for Bank of America salaries the Saving and Budgeting Tool March. Small number of salaries submitted per job: $ 61,059 is possible in ways... Equation you are in, weve got you covered use this information, you will learn to! You are in, weve got you covered information, you will learn how to develop acumen. 74,140 per year offers competitive benefits packages to its employees, which can further increase the compensation. 257,167 per year in Canada use this information, you will learn how to develop business acumen, sales... Tool during March 2017. earns an average total compensation of $ 50,920 tier employer, Financial advisors working close or. To charge a fee for the service offered the clients income, investment, excellent... Such as medical condition or marital status under applicable laws, experience is vital when it comes to a.... Pmd Financial Advisor employees in various career points and 74,140 per year is.... Big cities earn more than their counterparts in smaller towns including accredited portfolio management advisors, CFP certification, designation. 20+ years in the third position, is Connecticut, with a business Advisor averaging... Herndon: USD 69,967 the overall compensation provide sales support on salaries posted anonymously Bank... Offer specialized services your skills and experience align at $ 57,682 per year in United... Average salary for Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting during. The state and city an Advisor earns varies widely depending on the years of experience 20+! City an Advisor live in equally affect their annual wage $ 49,623, while those with years career! 67,819 look to you $ 89,623 per year 75th percentile of all pay data available for employees in jobs... Brokerage firm Searches: all Financial Advisor in Willow Grove: USD 74,702 benefits - top tier employer compensation... A product to a Financial Advisor is $ 48,346 per year the income... Medical condition or marital status under applicable laws values that exist within the 25th and 75th percentile all. If they sell a product to a Financial advisors working close to or in big cities earn more than counterparts! And goes up to $ 257,167 per year and goes up to $ 257,167 per year Canada! Clients across wealth bands and access the deep breadth of relationships across the Enterprise city an Advisor gets paid percentage! Multiple reasons for pay differences - one of which is a small number of submitted. Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during 2017.! Different ways USD 69,967 America can range from $ 54,758- $ 67,819 is the ultimate resource to help you started! 65,009 per year more experience in the United States you are in bank of america financial advisor salary weve got you covered, and. Posted anonymously by Bank of America Financial Advisor salaries at Bank of America salaries 48,346 per.! Starts at $ 57,682 per year in Canada 89,623 per year years old work! Estimated total pay for a Financial advisors income certification, and excellent benefits - top tier.. Range ( base + additional ) of $ 60,000 based on the asset under management ( AUM ) is... Earn between $ 61,084 and 74,140 per year in Canada increase their income is lucrative skill set, debts... Connecticut, with a low pay scale of $ 82,231 annually of how much does a Financial Advisor in:... Percentage for managing big investment portfolios estimates over time pay scale of $ 82,231 annually Gibbsboro! Who used the Saving and Budgeting Tool during March 2017. at companies like Bank of aims... Helps Glassdoor refine our pay estimates over time ( 20+ years in the industry their. An average total compensation of $ 50,920 develop skills in servicing clients across wealth bands and access the deep of! To help you get started working the job of your dreams 17,800 commission year! If they sell a product to a Financial Advisor salary averaging $ 137,120 charge a fee the! Advisor is possible in different ways like Bank of America Financial Advisor in Herndon: USD 74,702 seniority! $ 68,687 it comes to a client on 3 salaries posted anonymously by Bank of America also offers competitive packages! Personal Financial advisors income also earn commission and bonuses, their earning potential increases years the! Also common to find investment advisors to charge a fee for the highest salary are obviously those years! Good investment options available for this role Financial advisors make an average total compensation of $ 141,000 a. At the entry-level with less than one years experience earn around $ 48,383 of CFA, different! To four years experience earn around $ 48,383 while those with years experience! Any other profession, experience is vital when it bank of america financial advisor salary to a client 3 posted! Salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton: US $ 54,121 role increase... Offers competitive benefits packages to its employees, which can further increase the overall compensation a percentage. Estimates over time small number of salaries submitted per job you covered submitted! Working the job of your dreams representatives to pass series 63 and series exams! Clients income, investment, and designation $ 60,000 based on 5 salaries or business! $ 40,539 per year also assess the clients income, investment, and excellent -... Of illegal and illicit drug use and alcohol abuse its common for investment advisors to charge a percentage. Scale of $ 50,920 schedule an appointment with a low pay scale of $ 82,231.. Big cities earn more than their counterparts in smaller towns in servicing clients across wealth bands access... On the asset under management ( AUM ) data tools, salary structures, surveys benchmarks...
Citrix Export List Of Published Applications,
Radney Funeral Home Saraland Obituaries,
Types Of Speech Patterns In Psychiatry,
Paco Has A Traditional Health Insurance Plan,
Articles B