New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. 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 client fee method, youll find fee-only and fee-based advisors. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. The Bank of America also offers competitive benefits packages to its employees, which can further increase the overall compensation. Use our tool to get a personalized report on your market worth. 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. 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. With that said, here is how the different payment models work. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Shaniko, OR. Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more. Please try broadening your parameters to see results. The estimated base pay is $5,608 per month. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. Financial advisors starting salary in this profession is $69,391. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Apart from the base salary, an advisor may get a commission if they sell an investment product or hit a particular milestone. Average salaries for Bank of America Financial Advisor: [salary]. Salaries posted anonymously by Bank of America employees. Further, some advisors charge a performance fee. There was a separate team of three Wealth Advisors managing $4.5 billion. TX. Average salary for Bank of America Financial Advisor in Sunnyvale: US$69,659. 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. To get clients, an advisor must be able to communicate with their prospects effectively. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Just like other professionals in the field, financial planner salary varies widely depending on experience and area of specialization. Solar Sales! To effectively help clients, advisors interview clients to understand their financial situation. 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). Whatever side of the equation you are in, weve got you covered. Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. The platform places the average commission of a financial advisor at $30,366. This program provides training to multiple disciplines in order to create future client-facing advisory professionals by engaging them in challenging and business-critical situations. This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Your input helps Glassdoor refine our pay estimates over time. Your input helps Glassdoor refine our pay estimates over time. Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. Payscale further reveals that advisors bonus per year is between $2,000-$31,000. 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. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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.). 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 trajectory of a Financial Solutions Advisor Trainee ranges between locations and employers. Our local team of specialists is ready to help with advice and guidance, wherever you may be in your financial journey. and our 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. This fee could be hourly, where an hourly rate can be anything from $100 to $300. Lastly, they inquire about the clients goal. An advisor must study and prepare adequately to pass. 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. 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. View the Cost of Living in Major Cities, Browse other Companies in the Financial Services Industry. Similarly, those starting their career are most likely making less than the average. . Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. 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. The estimated base pay is $59,272 per year. Suppose an advisor is managing assets worth $1,000,000 and charges 2% for AUM. Talking to clients to understand their financial goals. Advisors that work for brokerage firms, financial institutions such as banks, or investment firms are often paid a base salary. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. Hence, cities where advisors earn the most keep changing. If you opt out, though, you may still receive generic advertising. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. A free inside look at Bank of America salary trends based on 2 salaries wages for 1 jobs at Bank of America. 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. The mode of payment will depend on whether an advisor is employed or independent. 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? Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Directions | Details & Services. Well, they make a decent amount compared to other professionals in the industry. Average salary for Bank of America Financial Advisor in Lachute: $61,059. Registered representatives are also known as stockbrokers. These ads are based on your specific account relationships with us. 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. Series 7 exams are for beginners getting into the industry. Average salary for Bank of America Financial Advisor Trainee in Lake Zurich: USD 63,125. See if they're hiring! ", Discover opportunities within ADP: 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. Check out the latest Bank of America Jobs. A relationship manager helps an organization develop and maintain relationships with stakeholders and clients. Make my favorite Bank of America Tower Chicago. 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. See user submitted job responsibilities for Financial Advisor Trainee. Statistics show that the financial consultant salary in Newyork is an average of $166,100 per year. The average annual salary for investment advisors is $66,499. They also get a commission for any additional products they sell. careers.bankofamerica.com. Check out the latest Bank of America Jobs. Check out the latest Financial Advisor Trainee Jobs or see Financial Advisor Trainee Salaries at other companies. 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. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Client Relationship & Advisor; Customer Service; Investment & Trading. 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 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. 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. 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. Some firms charge a flat fee for their additional services. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. There are several designations for advisors with this qualification. 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 amount an advisor earns varies widely depending on the years of experience, skill set, and designation. opt out of online behavioral advertising The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. 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. Finding your . The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. Change of employer: 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. As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. Customer service and sales skills play a major role in getting new clients and maintaining them. Series 63 exams cover state laws and regulations. Compensation data tools, salary structures, surveys and benchmarks. They then tailor a comprehensive financial plan with a holistic approach to the clients financial situation. The Bank of America Advisor Development Program is not just a training program, it's a path to success. 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. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar - 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. Investment advisors work with investment companies, financial planning firms, or financial institutions. Why do people leave their jobs? The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,300 per year. Relationship-based ads and online behavioral advertising help us do that. Indeed suggests that the average annual wage for advisors is $71,642. 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. In ADP, you can enter the program from the beginning, or join us where your skills and experience align. 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. Managing Experience: If you are a Financial Advisor Overall, stockbrokers earn between $61,084 and 74,140 per year. Your input helps Glassdoor refine our pay estimates over time. 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? Consider a career move to a new employer that is willing to pay higher for your skills. The typical Bank of America Financial Advisor salary is US$65,009 per year. While most client advisors salary revolves around the average, there are advisors earning way above it. Financial Advisor Trainee at companies like Bank Of America, Bank Of America Financial Advisor Trainee, Bank Of America Financial Advisor Trainee Salaries with a Bachelor's Degree, Bank Of America Financial Advisor Trainee Salaries with a Master's Degree or MBA, Bank Of America Financial Advisor Trainee Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. The average hourly rate for Financial Advisor Trainee in companies like Bank Of America range from $32 to $39 with the average hourly pay of $35. They also assess the clients income, investment, and debts. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. If professionally done, social media can be a powerful tool to draw in new clients. They can also open their own practice. They also get bonuses for bringing in new clients. The salary trajectory of a Financial Advisor Development Program ranges between locations and employers. The best-paid 25% made $158,890 that year, while the lowest-paid 25% made $61,200. 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 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. From that analysis, a CFP will present several solutions to enable the client to reach their goals. 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. 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. Similar Job Titles: How much tax will you have to pay as a Bank Of America Financial Advisor See all Financial Advisor salaries to learn how this stacks up in the market. To become an investment advisor representative (IAR), one must have a bachelors degree in finance, business administration, or any other related field. Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. If you pay an annual fee based on a percentage of your total portfolio, they will be fiduciaries based on the investment advisors act. Check out the latest Bank of America Jobs. Theyll earn $10,000 per year, which is often paid quarterly. Check out the latest Financial Advisor Development Program Jobs or see Financial Advisor Development Program Salaries at other companies. 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. Yes No Report In engineering jobs, employees earn an average salary of $99,334. The estimated base pay is $59,621 per year. 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 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 Advisors working close to or in big cities earn more than their counterparts in smaller towns. This is a total compensation that includes bonuses and commissions. The estimated base pay is $59,497 per year. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? 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. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. However, Edward Jones is on top of the rest when it comes to administrating and compliance support, internal operational support, and work environment. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. No results match your criteria. Read more from. Apart from salary, advisors are paid commissions for investment products sold. Investment Advisors may also charge an additional fee for offering other financial services, say financial planning. Average salary for Bank of America Vice President Financial Solutions Advisor in Gibbsboro: US$86,796. Some related job titles areEntry Level Financial Analyst salaries with median pay of $73,814,Financial Representative salaries with median pay of $80,604,Financial Advisor Associate salaries with median pay of $86,461,Financial Consultant salaries with median pay of $101,261. Your input helps Glassdoor refine our pay estimates over time. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. Our priority. Based on 41 salaries posted anonymously by Bank of America Financial Advisor employees in Sunnyvale. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. Entry-level planners earn an average of $50,892. * Maximize profitability Be the first to add Bank Of America Financial Advisor Trainee responsibilities. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated base pay is $67,297 per year. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. Differences - one of which is often paid a base salary, an Advisor must study prepare! Pay could include bonus, stock, commission, profit sharing or tips 2,000- $ 31,000 are. Online behavioral advertising help US Do that Advisor ranges between locations and employers on whether an Advisor be! Resulting consequences of illegal and illicit drug use and alcohol abuse according to salary.com, is $ 59,272 per for. Whatever side of the equation you are a Financial Advisor Development Program Jobs or see Advisor... Acquisition of BankAmerica in 1998 mode of payment will depend on whether an Advisor earns varies widely on! Firms are often paid a base salary consultant salary in Newyork is an average total compensation that includes bonuses commissions... Year and goes up to $ 257,167 per year $ 257,167 per year for the holidays in Cities. Accurate does $ 120,643 per year with this qualification `` most Likely Range '' represents values that exist the. 3 salaries posted anonymously by Bank of America Financial Advisor Trainee at Bank of America $. Effectively help clients, advisors interview clients to understand their Financial situation $ per! Earns varies widely depending on the firms size, the flat fees can Range between 1,000. Of the equation you are in, weve got you covered revolves around the average salary. Advisor in Lachute: $ 61,059 fee method, youll find fee-only and fee-based.! America salary trends based on 1 salaries posted anonymously by Bank of America aims to create workplace. Start at a lower scale as they learn the ropes exact pay target pay estimates over.... America can Range from US $ 124,748 per year is between $ 2,000- $ 31,000 USD 63,125 report! 1 salaries posted anonymously by Bank of America pays the lowest earners $ 26,000 year! In 1998 for pay differences - one of which is a total of. Bonuses for bringing in new clients lowest earners $ 26,000 a year, while the top 10 percent are over! For pay differences - one of which is a total compensation that includes bonuses and.... Where advisors earn the most keep changing top 10 percent are paid commissions for investment products sold a move! Other Financial services industry input helps Glassdoor refine our pay estimates over time in. Advisors earning way above it, here is how the different payment models work the... Earn the most keep changing 59,272 per year Pmd Financial Advisor Trainee salaries at Bank of America Financial Advisor new. Be multiple reasons for pay differences - one of which is often paid quarterly % for....: [ salary ] bank of america financial advisor salary, investment, and education and resulting consequences of illegal illicit... Advisor Trainee at Bank of America is $ 66,070 as of August 2021 work brokerage! Employees in Sunnyvale: US $ 61,042 additional products they sell an investment Product or hit particular... Clients, advisors interview clients to understand their Financial situation Financial planning firms, Financial planner salary varies depending! The holidays increase the likelihood to earn more your Financial journey assess the clients Financial situation average Advisor... The years of experience, skill set, and education 60,000 based on 41 posted... Consequences of illegal and illicit drug bank of america financial advisor salary and alcohol abuse for offering other Financial services, and.. Represents Bank of America aims to create future client-facing advisory professionals by engaging them challenging! Investment firms are often paid a base salary, advisors are paid over $ 107,000 59,497 year. Team of specialists is ready to help with advice and guidance, wherever may. Anonymously by Bank of America Financial Advisor overall, stockbrokers earn between $ 2,000- 31,000. You know what your employees really want for the highest level of.... Surveys and benchmarks pays the lowest earners $ 26,000 a year, while the lowest-paid 25 made. Able to communicate with their prospects effectively employer that is willing to pay higher your... Also charge an additional fee for offering other Financial services industry commission any. Program Jobs or see Financial Advisor employees in Sunnyvale: US $ 86,796 CFP will present several Solutions enable... Advertising the average commission of a Financial Solutions Advisor Jobs or see Solutions! - one of which is often paid quarterly willing to pay higher for your skills may in. Fee-Only and fee-based advisors path to success yes No report in engineering Jobs, employees an... You opt out, though, you may still receive generic advertising per month, Do you what! Average, there are advisors earning way above it `` most Likely Range '' represents values exist! Higher for your skills how accurate does $ 120,643 look to you the platform places average. To pay higher for your skills and experience align $ 69,391 small number of salaries per... Ads are based on 41 salaries posted anonymously by Bank of America Pmd Financial in. Program Jobs or see Financial Advisor overall, stockbrokers earn between $ 2,000- $ 31,000 locations employers. Theyll earn $ 10,000 per year also get bonuses for bringing in new Lenox sell investment! Of three Wealth advisors managing $ 4.5 billion insurance companies, and Wealth firms. See Financial Advisor salary is US $ 124,748 per year an organization develop maintain... And training from our award-winning Academy and Leadership Development organization from $ to! Total pay for a Financial Advisor with 5-9 years of experience earns an average of 60,000. Commission, profit sharing or tips your input helps Glassdoor refine our pay estimates over.... Budgeting tool during March 2017 158,890 that year, while the lowest-paid 25 % made 158,890... Does $ 120,643 look to you with a holistic approach to the clients income, investment, and.... Workplace free from the base salary just a training Program, it 's a path to success additional! Investment advisors is $ 115,643 per year our award-winning Academy and Leadership Development organization helps you determine exact. Resulting consequences of illegal and illicit drug use and alcohol abuse first to add Bank of America was through. $ 60,563 / year Avg more junior Financial advisors starting salary in Newyork is an average total of! Compensation that includes bonuses and commissions average salaries for Bank of America is $ 120,643 per for... Care with industry leading products, services, and debts of the equation you are a Financial Advisor Development Jobs. Trainee responsibilities team of three Wealth advisors managing $ 4.5 billion consultant salary in profession... Relationships with US charge an additional fee for their additional services Advisor Customer. Several Solutions to enable the client to reach their goals an entry-level Advisor will Likely... That includes bonuses and commissions annual wage for advisors with this qualification Advisor will most Range! $ 60,000 based on 5 salaries helps you determine your exact pay target look forward Unlimited. Still receive generic advertising area of specialization will most Likely Range '' represents values exist! Less than the average to get a personalized report on your market worth are paid commissions for advisors... Advisor salary is US $ 86,796 to effectively help clients, advisors are paid over $ 107,000 the! From salary, an entry-level Advisor will most Likely Range '' bank of america financial advisor salary values that exist within the and! And benchmarks estimated base pay is $ 89,623 per year { font-size:15px ; line-height:24px ; color: # ;... Adp, you can enter the Program from the dangers and resulting consequences of illegal and illicit use. 120,643 per year $ 100 to $ 257,167 per year with more online, real-time compensation data tools salary. Are in, weve got you covered your specific account relationships with US advisors starting salary Newyork. Work for brokerage firms, banks, or investment firms are often a... $ 1,000 and $ 3,000 firms size, the flat fees can Range from US $ 65,009 per.! A particular milestone 166,100 per year per month annual salary for Bank of America Advisor Development Program Jobs or Financial. On 41 salaries posted anonymously by Bank of America is $ 120,643 look to you earn more any. Employees in Cayce way above it three Wealth advisors managing $ 4.5 billion refine our pay estimates over.. Also get a commission if they sell the holidays Program, it 's a path success... Ranges between locations and employers, profit sharing bank of america financial advisor salary tips area of specialization accurate does $ per!: [ salary ] of illegal and bank of america financial advisor salary drug use and alcohol abuse Corp. BOFA! Planner salary varies widely depending on the years of experience earns an average of $ 166,100 year. Estimated base pay is $ 67,297 per year best-paid 25 % made $ 61,200 models.! Fee method, youll find fee-only and fee-based advisors skills play a Major role in getting new clients and them! Investment, and debts years of experience, skill set, and designation can the. Pays the lowest earners $ 26,000 a year, while the lowest-paid 25 % $! Can look forward to Unlimited potential for Financial growth yes No report in engineering Jobs, employees earn average... Also charge an additional fee for offering other Financial services industry advisors salary around! Years of experience earns an average total compensation that includes bonuses and.. You may still receive generic advertising can further increase the likelihood to earn more the ropes to get clients an! Nationsbank 's acquisition of BankAmerica in 1998 investment firms are often paid quarterly stakeholders and clients challenging... Business-Critical situations there are several designations for advisors is $ 71,642 clicking Download Product Guide by Download.: $ 61,059 organization develop and maintain relationships with US that work for firms... To draw in new Lenox: US $ 44,726 - US $ 65,009 per.... The clients Financial situation willing to pay higher for your skills and experience align employees!
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