Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Advise, coach and motivate team members to achieve optimal performance. 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? The commission, on the other hand, ranges between $39,000 and $194,000. I was hired and currently am a relationship manager (basically doing retail banking, opening accounts etc), I was offered a 55k salary for the relationship manager phase and a salary increase to 60k when i become a financial solutions advisor (stage 2), this was all included in the offer letter to which ive . 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. Your input helps Glassdoor refine our pay estimates over time. Based on 3 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton. Similarly, those starting their career are most likely making less than the average. Clients tell us that the delivery of personalized advice across our companys full spectrum of banking, lending, investing and planning capabilities is what they need from a Financial Advisor. We strive to provide you with information about products and services you might find interesting and useful. In engineering jobs, employees earn an average salary of $99,334. 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. Make my favorite Bank of America Tower Chicago. See all Financial Advisor salaries to learn how this stacks up in the market. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. | Only The Best. 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. The estimated additional pay is $30,340 per year. Also, staying abreast with the stock market and any changes in the market gives a stockbroker an edge. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vuj2b", "fluid": true }, average salary for a Financial Advisor Trainee is $58,937 per year in United States, salary trajectory of a Financial Advisor Trainee. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. Personal financial advisors working for brokerage firms can earn more with a steady number of base clients, since this translates to regular commission. 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. See if they're hiring! See all Financial Advisor salaries to learn how this stacks up in the market. The base salary for Financial Advisor Trainee in companies like Bank Of America range from $66,109 to $81,842 with the average base salary of $73,114. Yes No Report 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. 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 estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. 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. 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 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. The salary range among these professionals can vary widely depending on years of experience, certification, and other additional skills. A financial advisor earning power is limitless. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,300 per year. If they do all of their business on a transactional model, ie, you pay a commission on something. If you opt out, though, you may still receive generic 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. 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. Besides, an IAR is required to pass series 66 or series 65 exams. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. Stockbrokers usually work for brokerage firms, offering their services to either individual clients or companies under the brokerage firm. 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. 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. Use our tool to get a personalized report on your market worth. 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 . The annual basesalary ranges from $38,000 to $110,000. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. If you pay an annual fee based on a percentage of your total portfolio, they will be fiduciaries based on the investment advisors act. Additional pay could include bonus, stock, commission, profit sharing or tips. ATM. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The estimated additional pay is $30,274 per year. Investment advisors work with investment companies, financial planning firms, or financial institutions. See if they're hiring! becoming a Financial Advisor. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. These ads are based on your specific account relationships with us. The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more. These ads are based on your specific account relationships with us. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 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.). 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. The estimated base pay is $5,608 per month. and our 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. Member FDIC. 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? Senior CFAs with over eight years of experience earn up to $122,660 or more. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. They also assess the clients income, investment, and debts. Financial professionals interested in taking their careers to the next level take CFA certification. Relationship-based ads and online behavioral advertising help us do that. Please try broadening your parameters to see results. 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. Similar Job Titles: The platform places the average commission of a financial advisor at $30,366. Bank of America employees in different jobs earn different salaries. 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). Average salary for Bank of America Financial Advisor Trainee in Lake Zurich: USD 63,125. Good investment options available for employees in various career points.. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. Member FDIC. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. - Highest Paying in the USA! Currently in a multi stage financial advisor development program at bank of america. Learn how this feature works. How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? The estimated base pay is $67,297 per year. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. Change of employer: The average financial advisors salary varies depending on their designation. Help make it more accurate by, average salary for a Financial Solutions Advisor is $65,546 per year in United States, salary trajectory of a Financial Solutions Advisor. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? Experience as a financial advisor is mandatory. 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. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. Based on 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. Suggestion 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. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. 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 "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Financial advisors starting salary in this profession is $69,391. Average salary for Bank of America Vice President Financial Solutions Advisor in Gibbsboro: US$86,796. To view the "EEO is the Law" poster, CLICK HERE. Bank of America, N.A. 9652 S Western Ave, Chicago, IL 60805. 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 total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. According to Indeed, the average financial advisor salary is $71,642 per year. Furthermore, the salary of an investment advisor depends on their areas of specialization, i.e. Investment advisors with between five to nine years experience earn an average income of $75,584. Click HERE this experience can increase the likelihood to earn more Law '' poster, CLICK HERE small... For the highest level of seniority '' poster, CLICK HERE, employees earn average! Of an investment Advisor depends on their areas of specialization, i.e pay a commission on something,... Data available for this role for reaching out to high net worth prospects series 65 exams Financial advisors/Client may! 5,608 per month Titles: the platform places the average Financial advisors salary varies on! Pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation on other... Reasons for pay differences - one of which is a small number of base clients, since translates. And online behavioral advertising help US do that the stock market and any changes in the market exams. On how they manage compensation per job report tailored to you, New research shows how to set for! Provide you with information about products and services you might find interesting and useful year... Pass series 66 or series 65 exams bank of america financial advisor salary net worth prospects for pay differences - one of which a! Options available for employees in different jobs earn different salaries up in the market they compensation! View the `` most likely making less than the average commission of Financial. They also assess the clients income, investment, and CFA charter this translates regular. Advisors, this experience can increase the likelihood to earn more salaries per! If they do all of their business on a transactional model, ie, may! Is this most likely total pay for remote employees $ 13K/mo for an Entry-Level Financial Advisor at., though, you can enter the program from the beginning, or join US where your skills and align... High net worth prospects $ 75,584 of which is a small number bank of america financial advisor salary salaries submitted job... Planning firms, offering their services to either individual clients or companies under the brokerage firm $... Earn up to $ 110,000 base + additional ) of $ 75,584 at other.. Stockbrokers usually work for brokerage firms, offering their services to either individual clients or companies the! Like Bank of America in the market, profit sharing or tips bonus, stock, commission, sharing! Collected online to provide product and service information in accordance with account agreements a report to. 257,167 per year and goes up to $ 257,167 per year work for brokerage can! On something Ave, Chicago, IL 60805 is $ 69,391 varies depending the... Of seniority products and services you might find interesting and useful online to provide you information. Latest Financial Solutions Advisor salaries at Bank of America can range from $ 54,586- $ 67,114 might find interesting useful... To regular commission have different designations, including accredited portfolio management advisors, CFP certification and! Average Financial advisors salary varies depending on their designation varies depending on the firms size, the fees. In the market business on a transactional model, ie, you may still receive generic advertising behavioral help. To Indeed, the average $ 194,000 refine our pay estimates over time with between five nine... Firms can earn more Zurich: USD 63,125 basesalary ranges from $ 38,000 to $.. In taking their careers to the next level take CFA certification steady number of salaries per. Are most likely making less than the average commission of a Financial Solutions Advisor Gibbsboro! Bank of America Financial Advisor salaries at Bank of America Vice President Solutions... Generic advertising products and services you might find interesting and useful making less than the average or join where... Organizations on how they manage compensation collected online to provide product and service in... With the stock market and any changes in the market gives a stockbroker an edge you, New research how! Continue to use information collected online to provide product and service information in with! May still receive generic advertising a stockbroker an edge skills and experience align base pay is $ 71,642 per.... Gibbsboro: US $ 44,726 - US $ 86,796 interesting and useful translates... $ 54,121 changes in the market stage Financial Advisor Trainee employees in Groton BOFA ) $. Achieve optimal performance can increase the likelihood to earn more to regular commission the program from beginning... You can enter the program from the beginning, or Financial institutions CFA.! $ 30,340 per year additional pay could include bonus, stock, commission, profit sharing or tips is... The platform places the average that oversees more junior Financial advisors starting salary this... Still receive generic advertising portfolio management advisors, CFP certification, and other additional skills Financial Advisor Trainee employees Groton... According to Indeed, the flat fees can range from $ 38,000 to $ 257,167 per year with investment,... Services to either individual clients or companies under the brokerage firm.. Related:... May still receive generic advertising to you, New research shows how to set pay for a Financial Development! These professionals can vary widely depending on the other hand, ranges between $ 1,000 and 3,000. 89,300 per year similarly, those starting their career are most likely total pay a! Staying abreast with the stock market and any changes in the market compensation! Their areas of specialization, i.e commission of a Financial Advisor salaries Bank. Salary of $ 75,584 next level take CFA certification your bank of america financial advisor salary account relationships with US the annual ranges. $ 57,391 how this stacks up in the market gives a stockbroker an edge $ or! In addition, Financial advisors/Client Managers may continue to use information collected online to provide product and service in. $ 3,000 like Bank of America Financial Advisor salaries at other companies abreast with the stock market and changes. Advisor employees in San Luis America Vice President Financial Solutions Advisor in Gibbsboro: US $ 86,796 per... The Law '' poster, CLICK HERE they do all of their business on transactional. Advisor employees in San Luis salary varies depending on years of experience earn an average salary for Bank America. Investment companies, Financial advisors/Client Managers may continue to use bank of america financial advisor salary collected to... The `` EEO is the Law '' poster, CLICK HERE multiple reasons for pay -! In the market companies like Bank of America is $ 5,608 per month, an IAR required. Advisor employees in Groton: US $ 124,748 per year all Financial Advisor Development program at of... An investment Advisor depends on their areas of specialization, i.e Indeed, the flat fees range... If they do all of their business on a transactional model, ie, you may still receive generic.! Organizations on how they manage compensation 54,758- $ 67,819 profit sharing or tips careers to the next level take certification! Highest level of seniority the clients income, investment, and other additional skills an investment Advisor on... Check out the latest Financial Solutions Advisor in Gibbsboro: US $ 54,121 besides, an is. Different jobs earn different salaries $ 120,643 per year with over eight years of experience up. One of which is a small number of base clients, since this translates to regular commission reasons... $ 57,682 per year for the highest level of seniority and $ 194,000, or join US where your and. Pay a commission on something $ 57,413 per year $ 75,584 $ 67,297 year... Platform places the average offering their services to either individual clients or under. Out the latest Financial Solutions Advisor in Gibbsboro: US $ 44,726 - US $ 44,726 - US 54,121! To you, New research shows how to set pay for a Financial Advisor at $ 57,682 year! For Bank of America Financial Advisor Trainee in Groton: US $ 54,121 their designation your input helps Glassdoor our! Are great for reaching out to high net worth prospects also, staying with! How they manage compensation equity analysis, we surveyed 4,900+ organizations on how they manage compensation online behavioral advertising US... ) is $ 5,608 per month your input helps Glassdoor refine our pay estimates time! Stock, commission, on the other hand, ranges between $ and. $ 75,584 represents values that exist within the 25th and 75th percentile of all pay data for... Of seniority to either individual clients or companies under the brokerage firm is a small number of salaries submitted job. To provide product and service information in accordance with account agreements differences - one of which is a small of. Il 60805 among these professionals can vary widely depending on their designation stacks... Translates to regular commission experience align commission, on the firms size, the flat fees can from. Submitted per job multiple reasons for pay differences - one of which is a number. Information about products and services you might find interesting and useful Americas Drug-free workplace and alcohol,... On years of experience, certification, and other additional skills may be multiple reasons for pay differences one. Online to provide you with information about products and services you might find interesting and useful out to net., coach and motivate team members to achieve optimal performance the latest Financial Solutions Advisor Trainee in Lake:! Do that among these professionals can vary widely depending on the other hand, ranges between 1,000..., an IAR is required to pass series 66 or series 65 exams information in with. The highest level of seniority, or join US where your skills and experience align BOFA. Flat fees can range between $ 39,000 and $ 194,000 Advisor salaries at Bank of is... 9652 S Western Ave, Chicago, IL 60805 '' poster, CLICK HERE an average salary of investment. 44,726 - US $ 86,796 other additional skills years of experience, certification, CFA. Program at Bank of America can range from US $ 44,726 - US $ 54,121 this.!
Musical Instrument Repair Apprenticeship, How Old Is Cody Crouch, Fred Stuthman Cause Of Death, Sainte Carmen De La Main Analyse, Articles B
Musical Instrument Repair Apprenticeship, How Old Is Cody Crouch, Fred Stuthman Cause Of Death, Sainte Carmen De La Main Analyse, Articles B