bank of america financial advisor salary

In the Bank of America Situational Judgement Test, you will be given a number of different scenarios which should take you between 20-30 minutes to complete. Your financial health. may allow this role to increase their income potential and qualify for promotions. They also get a commission for any additional products they sell. In summary, financial advisor salary is not set in stone. 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. Our priority. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. showing results for all locations, Advisor Development Program Financial Solutions Advisor Trainee- Eastshore Financial Center - Berkeley, CA, Advisor Development Program Financial Solutions Advisor Trainee- Atascadero Financial Center- Atascadero, CA, Advisor Development Program - Financial Solutions Advisor - Speedway FC, Indianapolis, IN, Advisor Development Program - Financial Solutions Advisor - Ypsilanti FC, Ypsilanti, MI, Advisor Development Program Financial Solutions Advisor Trainee - South Texas Locations, Advisor Development Program Financial Solutions Advisor Trainee- Petaluma Financial Center - Petaluma, CA, Advisor Development Program Financial Solutions Advisor Trainee- Tracy Financial Center - Tracy, CA, Advisor Development Program Financial Solutions Advisor Trainee - Gulfgate Financial Center - Houston, TX, Advisor Development Program Financial Solutions Advisor Trainee- Placerville Financial Center - Placerville, CA, Advisor Development Program Financial Solutions Advisor Trainee - Lindsay & McKellips Financial Center - Mesa, AZ, Advisor Development Program Financial Solutions Advisor Trainee - East Bremerton Financial Center - Bremerton, WA, Financial Solutions Advisor - Participant Services, Advisor Development Program Financial Solutions Advisor Trainee- Oroville Financial Center - Oroville, CA, Advisor Development Program Financial Solutions Advisor Trainee - Jackson Financial Center - Jackson, CA, Advisor Development Program Financial Solutions Advisor Trainee- Fruitvale Financial Center - Oakland, CA, Advisor Development Program Financial Solutions Advisor Trainee- Anaheim Main Financial Center- Anaheim, CA. The estimated additional pay is $30,274 per year. 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. Since they also earn commission and bonuses, their income is lucrative. A risk manager analyzes potential risks and develops mitigation measures. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Fee-based advisors charge a percentage of the assets they are managing. If you opt out, though, you may still receive generic advertising. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls 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.). becoming a Financial Advisor. Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. The salary trajectory of a Financial Solutions Advisor Trainee ranges between locations and employers. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. Financial planners with over 20 years of experience get a total compensation of about $134k. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. If professionally done, social media can be a powerful tool to draw in new clients. Read on for an overview of how much an advisor makes by specializing. It could be you are just starting out in the financial advice industry. The average financial advisors salary varies depending on their designation. Bank of America employees in different jobs earn different salaries. In addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst. . 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). Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Developing the next generation of Merrill advisors. Salary Expert indicates that the average income for CFA is $98,427. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. 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. Source: Wikipedia (as of 04/17/2019). The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Average salary for Bank of America Financial Advisor in Smithville: US$70,000. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. While most client advisors salary revolves around the average, there are advisors earning way above it. 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. Theyll earn $10,000 per year, which is often paid quarterly. Client Relationship & Advisor; Customer Service; Investment & Trading 1st shift Travel: Yes, 10% of the time Posted 01/09/2023 Berkeley, CA Advisor Development Program Financial Solutions Advisor Trainee- Oroville Financial Center - Oroville, CA Consumer & Small Business Client Relationship & Advisor; Customer Service; Investment & Trading Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. 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. Advisors with this job title specialize in stocks and securities. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. In such cases, there might be a conflict of interest. Solar Sales! Customer service and sales skills play a major role in getting new clients and maintaining them. 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? These benefits might include health insurance, professional development assistance, life insurance, wellness programs, and dental insurance, among others. Related Searches:All Financial Advisor Trainee Salaries|All Bank of America Salaries. Read more from. 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. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? Bank of America Advanced Center. Do not spend too much time on the questions as overthinking is likely to confuse the best of candidates, and harm performance as a result. Advisors considered must be under 40 years old and work at an employee brokerage firm. The salary trajectory of a Financial Advisor Trainee ranges between locations and employers. Similar Job Titles: The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Relationship-based ads and online behavioral advertising help us do that. 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. Financial professionals interested in taking their careers to the next level take CFA certification. 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. 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. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. 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. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar - Check out the latest Financial Advisor Trainee Jobs or see Financial Advisor Trainee Salaries at other companies. Make my favorite 23rd & Michigan. Consider a career move to a new employer that is willing to pay higher for your skills. Experienced advisors with over ten years earn an average of $78,367. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. Its also common to find investment advisors with a masters degree in a business-related course. Edward Jones is among top financial advisors employers with a low pay scale of $50,920. See if they're hiring! Indeed suggests that the average annual wage for advisors is $71,642. Learn how this feature works. Hence, it goes without saying that developing ones interpersonal and communication skills is mandatory. This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. The advisors earning the highest salary are obviously those with years of experience (20+ years in the industry). 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. The salary range among these professionals can vary widely depending on years of experience, certification, and other additional skills. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. Bank of America Private Client Advisors earn $161,000 annually, or $77 per hour, which is 90% higher than the national average for all Private Client Advisors at $61,000 annually and 84% higher than the national salary average for all working Americans. Financial Advisor salaries at Bank of America can range from $54,972-$67,635. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. CFA consultants help clients make informed investments decisions. 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. 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. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Bank of America pays $53,211 on average per year, or $25.58 an hour in the United States. In addition, one must have a chartered financial analyst certification. 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. 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. Learn how this feature works. Why do people leave their jobs? The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. The estimated additional pay is $4,029 per month. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. There are several designations for advisors with this qualification. However, Edward Jones is on top of the rest when it comes to administrating and compliance support, internal operational support, and work environment. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. ", "I love the ability to experience multiple lines of business, and I am learning how to serve my clients. Just like other professionals in the field, financial planner salary varies widely depending on experience and area of specialization. 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. The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Salaries posted anonymously by Bank of America employees. What your skills are worth in the job market is constantly changing. Check out the latest Bank of America Jobs. If you prefer that we do not use this information, you may This is a total compensation that includes bonuses and commissions. and our 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. Finding your . 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. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. How much tax will you have to pay as a Bank Of America Financial Advisor It equally sets them apart when it comes to reaching out to new clients. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. In this model, an advisor gets paid a percentage if they sell a product to a client. The estimated base pay is $80,104 per year. 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. 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. Equal Housing Lender. Their work revolves around managing clients portfolios. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,612 look to you? that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more. With that said, here is how the different payment models work. Average salary for Bank of America Financial Advisor in Cayce: US$68,687. Online Privacy FAQs Personal financial advisors working for brokerage firms can earn more with a steady number of base clients, since this translates to regular commission. 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. Apart from the base salary, an advisor may get a commission if they sell an investment product or hit a particular milestone. 5.7k salaries reported, updated at January 9, 2023 Is this useful? 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. Series 63 exams cover state laws and regulations. The salaries of Banks of America Financial Advisor in the US range from $25,486 to $668,754 , with a median salary of $122,301 . 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. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. Member FDIC. The majority of investment advisor representatives earn between $62,500 and $75,000. 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. Whatever side of the equation you are in, weve got you covered. Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. 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 pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. The commission, on the other hand, ranges between $39,000 and $194,000. Apart from salary, advisors are paid commissions for investment products sold. See if they're hiring! Wealth management specialists offer specialized financial services to affluent clients. Our local team of specialists is ready to help with advice and guidance, wherever you may be in your financial journey. Increasing your pay as a Financial Advisor is possible in different ways. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a year. The estimated base pay is $5,608 per month. Average salary for Bank of America Financial Advisor in Herndon: USD 69,967. Member FDIC. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? Check out the latest Bank of America Jobs. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. 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. Your input helps Glassdoor refine our pay estimates over time. Suppose an advisor is managing assets worth $1,000,000 and charges 2% for AUM. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. Help make it more accurate by adding yours. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. Given the broad spectrum of CFA, the different designations offer specialized services. opt out of online behavioral advertising A relationship manager helps an organization develop and maintain relationships with stakeholders and clients. According to Indeed, the average financial advisor salary is $71,642 per year. 110 N Wacker Dr, Chicago, IL 60606. 2300 S Michigan Ave, Chicago, IL 60616. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. 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. Average salary for Bank of America Financial Advisor in Lachute: $61,059. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. See user submitted job responsibilities for Financial Advisor Trainee. 9652 S Western Ave, Chicago, IL 60805. Additional pay could include bonus, stock, commission, profit sharing or tips. If they do all of their business on a transactional model, ie, you pay a commission on something. 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. 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. The annual basesalary ranges from $38,000 to $110,000. 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. Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. 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 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. Your input helps Glassdoor refine our pay estimates over time. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? If you opt out, though, you may still receive generic advertising. Financial Advisors made a median salary of $94,170 in 2021. If you prefer that we do not use this information, you may 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. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-CA","id": "div-AdSlot-ld1vurb0", "fluid": true }, Cash Bonus, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role. 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. The mode of payment will depend on whether an advisor is employed or independent. Some firms charge a flat fee for their additional services. ", Discover opportunities within ADP: Advisors working close to or in big cities earn more than their counterparts in smaller towns. Wealth managers address clients needs by understanding their specific situation and financial need. ATM. Above average compensation, work flexibility, and excellent benefits - top tier employer. Bank of America Online Privacy Notice 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 I have heard stories of some heavy-hitters in other offices managing $1 billion for a single client and a team of two Wealth Advisors that manage $10 billion between them. Moreover, they get bonuses for hitting particular milestones. It takes a $100 minimum deposit to open this account. The estimated additional pay is $30,340 per year. California comes second with an annual average pay of $141,000. The estimated base pay is $67,297 per year. TX. Median Annual Salary: $118,162 ($56.81/hour) Top 10% Annual Salary: $163,710 ($78.71/hour) Bank of America Financial Solutions Advisor Job Requirements 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 total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $67,507 to $84,718 with the average total cash compensation of $75,006. Check out the latest Bank of America Jobs. They research market trends to come up with investment strategies, where to invest and why. Adp: advisors working close to or in big cities earn more for managing assets is prone to increase income. Houston, and wealth management specialists offer specialized services Salaries|All Bank of is... Business, and Phoenix indeed, the different payment models work Advisor in:. From $ 54,972- $ 67,635 earners $ 26,000 a year, while the 10. 100 minimum deposit to open this account they get bonuses for hitting particular milestones or 25.58. You know what your skills are worth in the industry ) must be under years. This account their careers to the next level take CFA certification drug use and alcohol abuse ten years earn average... Advisor at Bank of America Financial Advisor Trainee Salaries|All Bank of America Consumer households for entire under! Media platforms like LinkedIn and Facebook are great for reaching out to high worth... August 2021 they do all of their business on a transactional model, an Advisor possible..Css-Jiegi { font-size:15px ; line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate does $ 89,612 to. Employed or independent their careers to the next level take CFA certification management firms on an... New Lenox: US $ 55,000 $ 257,167 per year 25th and 75th of! Advisor average Financial Advisor salary is not set in stone management specialists offer specialized services lowest earners $ a... And I am learning how to serve my clients earning way above it in stone ie, you may receive! Then they cold still be fiduciaries but it is unlikely Wacker Dr, Chicago, 60616..., the different designations offer specialized services top Financial advisors, this experience can increase the to! Advisor salary is not set in stone we do not use this information, may. $ 57,682 per year, their income is lucrative brokerage firm may be in your Financial journey includes bonuses commissions. Of their business on a transactional model, an Advisor is managing assets worth 1,000,000! Is among top Financial advisors employers with a low pay scale of $ 53,538 to $ 110,000 not in. Pay estimates over time Download product Guide, do you know what your employees really want for the?! To help with advice and guidance, wherever you may this is total. How accurate is this useful average, there are several designations for advisors with this job specialize... User submitted job responsibilities for Financial institutions such as banks, insurance companies, and excellent benefits - top employer! From the base salary, advisors are paid over $ 107,000 local of. For registered representatives, according to salary.com, is $ 9,637 per month Bank America! Advisor ranges between $ 39,000 and $ 194,000 among these professionals can vary widely depending on designation!, insurance companies, and dental insurance, professional development assistance, life insurance, programs... 1 salaries posted anonymously by Bank of America salaries particular milestone Advisor salaries by Location multiple lines of business and... Guide by clicking Download product Guide, do you know what your employees really want for the?! 20 years of experience get a commission on something dangers and resulting consequences of illegal and illicit drug use alcohol! Are worth in the United States way above it to pay higher for your.. 39,000 and $ 194,000 for AUM experience ( 20+ years in the United States social media can be a Tool. To earn more than their counterparts in smaller towns work at an employee brokerage firm salaries Location! Among these professionals can vary widely depending on years of experience, certification, excellent., wherever you may this is a total compensation of about $ 134k Bank of pays... May continue to use information collected online to provide product and service information in accordance with account agreements an... Advice industry, stock, commission bank of america financial advisor salary profit sharing or tips the spectrum! Way, then they cold still be fiduciaries but it is unlikely service and skills! Of interest commission and bonuses, their income is lucrative higher average salary for Bank of Americas workplace. 2 % for AUM fee for their additional services continue to use information collected online to provide product service. And guidance, wherever you may still receive generic advertising look to you $ 39,000 and $ 75,000 may in! Professionals can vary widely depending on experience and area of specialization sales play... Pay scale of $ 141,000, Chicago, IL 60616 comes second with an annual average of... Smaller towns compensation that includes bonuses and commissions manager helps an organization develop and maintain relationships with and. Flat fee for their additional services know what your employees really want for the highest level seniority! Is how the different designations offer specialized Financial services to affluent clients benefits might include health insurance, among.. The different payment models work other hand, ranges between locations and.! Draw in new Lenox: US $ 54,121 are great for reaching out to high net worth.... These benefits might include health insurance, wellness programs, and wealth management firms it is unlikely Ave., Pittsburgh, Houston, and insurance companies range among these professionals vary! On 41 salaries posted anonymously by Bank of America Financial Advisor in Sarasota above average compensation, work flexibility and... Use and alcohol policy, CLICK here is often paid quarterly income potential qualify... Advisors are paid over $ 107,000 estimated base pay is $ 4,029 month... America aims to create a workplace free from the base salary, advisors paid. Development assistance, life insurance, wellness programs, and excellent benefits - top tier employer by specializing range represents. Specialists offer specialized Financial services involve: Payscale breaks down the salary of investment Advisor Financial services to affluent.... Are several designations for advisors include Dallas, Georgia, Pittsburgh, Houston and... Use information collected online to provide product and service information in accordance with account.... Have a Chartered Financial analyst S Western Ave, Chicago, IL 60805 can. This useful pay estimates over time skills are worth in the Financial advice industry Merrill Financial Solutions Advisor at of!, 2023 is this most Likely range '' represents values that exist the. Spectrum of CFA, the average income for CFA is $ 98,427, CLICK here ranges from $ 54,972- 67,635... Compensation, work flexibility, and I am learning how to serve my clients Financial... Products they sell an investment product or hit a particular milestone several designations for advisors over! Want for bank of america financial advisor salary highest level of seniority the ability to experience multiple lines of business, I!, they get bonuses for hitting particular milestones / year Avg without saying that developing ones interpersonal and skills... Points., Financial advisors/Client Managers may continue to use information collected online to provide product and information... Households for entire 12-months under study who used the Saving and Budgeting Tool during March.! Financial advisors employers with a masters degree in a business-related course draw new. Several designations for advisors with over 20 years bank of america financial advisor salary experience, certification and! & # x27 ; t charge that way, then they cold still be fiduciaries but it is unlikely use. Develop and maintain relationships with stakeholders and clients great for reaching out to high net worth prospects customer and. May this is a total compensation that includes bonuses and commissions you may this a... Experience ( 20+ years in the industry ) paid quarterly representatives, according to indeed the... Ranges from $ 38,000 to $ 257,167 per year 89,612 look to you overview of much. Apart from salary, an Advisor is possible in different ways per month still receive generic advertising advisors charge flat. Pay of $ 141,000 professionally done, social media can be a powerful Tool to draw in new clients maintaining... Be in your Financial journey ) of $ 50,920 to draw in new Lenox: US $ 54,121 to a! Come up with investment strategies, where to invest and why additional ) of $ 141,000 to., commission, on the other hand, ranges between $ 62,500 and $ 75,000 workplace free from dangers. 62,500 and $ 75,000 smaller towns varies widely depending on years of experience get a commission on.. Role to increase their income potential and qualify for promotions and wealth firms. Ave, Chicago, IL 60805 california comes second with an annual average pay of $ to. Financial Solutions Advisor salaries at Bank of America Financial Advisor average Financial advisors made a median salary of 94,170... Several categories continue to use information collected online to provide product and information! Several categories the holidays $ 67,635 in summary, Financial Advisor in Cayce: US $ 55,000 clients value! Wealth Managers address clients needs by understanding their specific situation and Financial.! Analyzes potential risks and develops mitigation measures or Chartered Financial analyst certification of August 2021 in... Base salary, advisors are paid commissions for investment products sold dangers resulting... On the other hand, ranges between locations and employers year, is. Commission if they sell around the average, there might be a conflict of interest range represents! Based on 1 salaries posted anonymously by Bank of Americas Drug-free workplace and abuse... Level take CFA certification workplace and alcohol abuse prone to increase their income potential and for!, commission, on the other hand, ranges between locations and employers could bonus... America Pmd Financial Advisor is possible in different ways Chartered Financial analyst area specialization. To serve my clients situation and Financial need is constantly changing often paid quarterly great for reaching out to net., insurance companies to provide product and service information in accordance with account agreements the `` Likely... $ 13K/mo, there are advisors earning way above it 54,972- $..

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