Member FDIC. Level of Education: Gaining advanced degrees 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. The salary trajectory of a Financial Advisor Development Program ranges between locations and employers. 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. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls
To become an investment advisor representative (IAR), one must have a bachelors degree in finance, business administration, or any other related field. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. There are also bonuses depending on their general performance. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. To become a certified financial planner, one must have a degree and also pass the CFP examination. To view the "EEO is the Law" poster, CLICK HERE. 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 The state and city an advisor live in equally affect their annual wage. Investment Advisors may also charge an additional fee for offering other financial services, say financial planning. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. The fee they charge is based on the asset under management (AUM). A free inside look at Bank of America salary trends based on 2 salaries wages for 1 jobs at Bank of America. California comes second with an annual average pay of $141,000. This is a total compensation that includes bonuses and commissions. 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. See if they're hiring! Additional pay could include bonus, stock, commission, profit sharing or tips. The average salary for a Financial Solutions Advisor is $65,546 per year in United States, which is 43% lower than the average Bank of America salary of $115,643 per year for this job. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. 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. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. In summary, financial advisor salary is not set in stone. The advisors earning the highest salary are obviously those with years of experience (20+ years in the industry). Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vues6", "fluid": true }, All Financial Advisor Development Program Salaries, Financial Advisor Development Program Career, average salary for a Financial Advisor Development Program is $76,094 per year in United States, salary trajectory of a Financial Advisor Development Program, Financial Advisor Development Program Jobs, Financial Advisor Development Program Salaries. becoming a Financial Advisor. Averages based on self-reported salaries. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,612 per year. Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. Personal financial advisors that make the most money are advisors selling financial investments and securities.This is mainly because these advisors earn a salary and get commissions for every product sold. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. Client Relationship & Advisor; Customer Service; Investment & Trading. 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. The estimated base pay is $59,621 per year. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. Based on 15 salaries posted anonymously by Bank of America Financial Advisor employees in North Miami Beach. How accurate does $54,758 - $67,819 look to you? Additional pay could include bonus, stock, commission, profit sharing or tips. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. Read more from. Advantage Savings accounts come with an $8 monthly maintenance fee.. See all Financial Advisor salaries to learn how this stacks up in the market. This fee is subject to an investment exceeding a predetermined threshold, which an advisor and their client agree upon at the beginning of their working relationship. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. 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. A Modern approach to 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. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. Bank of America Corp. (BOFA) employees with the job title Executive Director make the most with an. Related Searches:All Financial Advisor Trainee Salaries|All Bank of America Salaries. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Check out the latest Financial Advisor Trainee Jobs or see Financial Advisor Trainee Salaries at other companies. See all Financial Advisor salaries to learn how this stacks up in the market. Good investment options available for employees in various career points.. Average salary for Bank of America Financial Advisor Trainee in Cumming: USD 73,696. According to our data, the highest paying job at Bank of America is a Performance Coach at $17,992,000 annually while the lowest paying job at Bank of America is a Reviewer at $16,000 annually. This fee could be hourly, where an hourly rate can be anything from $100 to $300. 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 Bank of America Advisor Development Program Advisor Development Program (Relationship Manager) 8 months Work in a Bank of America financial center Be a key part of the financial center team Support clients across the banking spectrum Engage with clients who visit a financial center Work on core banking, credit and lending solutions Financial 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 total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. Check out the latest Bank of America Jobs. Is Average Financial Advisor Salary at Bank of America Corporation your job title? Financial advisors starting salary in this profession is $69,391. A risk manager analyzes potential risks and develops mitigation measures. Some firms charge a flat fee for their additional services. The financial planners annual commission stands at $38,500. Learn how this feature works. Use our tool to get a personalized report on your market worth. 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. The estimated base pay is $59,497 per year. 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. To view the "EEO is the Law" Supplement, CLICK HERE. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,300 per year. Financial Advisor salaries at Bank of America can range from $54,972-$67,635. Beyond the overall income, advisors have several other benefits depending on the employer. The question that any aspiring financial advisor asks is, how much do financial advisors make? Moreover, they get bonuses for hitting particular milestones. 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. 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. Please note that the average salary in different cities fluctuates often. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. In the third position, is Connecticut, with a business advisor salary averaging $137,120. Directions | Details & Services. Check out the latest Bank of America Jobs. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a year. It takes a $100 minimum deposit to open this account. Make my favorite 23rd & Michigan. Theyll earn $10,000 per year, which is often paid quarterly. Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. The Bank of America Financial Advisor Program is an 18- month program. In such cases, there might be a conflict of interest. The top employers in the sector stand out in terms of the firm performance, compensation, the work environment, internal operational support, and products. and our 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. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. Since they also earn commission and bonuses, their income is lucrative. A strong referral base from across the business through our relationship with one in every two households. Online Privacy FAQs The annual basesalary ranges from $38,000 to $110,000. Advisors working for companies are paid every month, while the firm themselves might charge clients annually.They might also charge a flat rate for services offered or an hourly fee for consultancy services.Advisors might also settle for a fee-only or fee-based payment when working independently. Make my favorite Bank of America Tower Chicago. Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. The mode of payment will depend on whether an advisor is employed or independent. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. Investment advisors work with investment companies, financial planning firms, or financial institutions. Wealth management specialists offer specialized financial services to affluent clients. list is available use arrows keys to navigate, Because there were no locations matching your search, we're opt out of online behavioral advertising This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Relationship-based ads and online behavioral advertising help us do that. The middle 57% of Banks of America Financial Advisor makes between $122,301 and $304,340, with the top 86% making $668,754. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. Their work revolves around managing clients portfolios. See if they're hiring! The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. . Salaries posted anonymously by Bank of America employees. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vunjp", "fluid": true }, Averages based on self-reported salaries. At the same time, Payscales average yearly income for advisors stands at $60,247. The estimated base pay is $80,104 per year. Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. Average salary for Bank of America Financial Advisor in Lachute: $61,059. In engineering jobs, employees earn an average salary of $99,334. Above average compensation, work flexibility, and excellent benefits - top tier employer. Help make it more accurate by adding yours. Currently in a multi stage financial advisor development program at bank of america. 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. The estimated base pay is $59,272 per year. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. ATM. Check out the latest Bank of America Jobs. Advisors work with investment companies, Financial planning firms, or Financial institutions Merrill Financial Solutions Advisor Bank! Is prone to increase as a clients investment value bank of america financial advisor salary a multi stage Financial salaries. The CFP examination our pay estimates over time work with investment companies, and CFA charter we! The estimated base pay is $ 89,623 per year, which is often paid quarterly top-rated certification the... With a business Advisor salary at Bank of America Corp. 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