. Likewise, in their late years of career development, financial advisors make an average of $82,231 annually. Similar Job Titles: opt out of online behavioral advertising Wealth management specialists offer specialized financial services to affluent clients. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. Its also common to find investment advisors with a masters degree in a business-related course. Base Salary ( USD) 10% $57k MEDIAN $61k 90% $77k The average salary for a. . 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 Lastly, acquiring the right certifications and licences increases an advisors employment rate. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. Why do people leave their jobs? Our priority. Schedule an appointment with a specialist to discuss your banking, investments, home loan, or small business needs. 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. See if they're hiring! Online Privacy FAQs Average salary for Bank of America Financial Advisor in Herndon: USD 69,967. To become an investment advisor representative (IAR), one must have a bachelors degree in finance, business administration, or any other related field. The middle 57% of Banks of America Financial Advisor makes between $122,301 and $304,340, with the top 86% making $668,754. Read more from. 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. financial planning, risk management, estate planning, retirement, or insurance. These ads are based on your specific account relationships with us. The estimated base pay is $67,297 per year. Client Relationship & Advisor; Customer Service; Investment & Trading. There was a separate team of three Wealth Advisors managing $4.5 billion. They can effectively give their clients financial analysis thats in line with the market outlook. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. Member FDIC. To view the "EEO is the Law" poster, CLICK HERE. Is Average Financial Advisor Salary at Bank of America Corporation your job title? From that analysis, a CFP will present several solutions to enable the client to reach their goals. Your input helps Glassdoor refine our pay estimates over time. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Learn how this feature works. To become a stockbroker, one must have a bachelors degree in finance or business-related courses. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? Advisors that work for brokerage firms, financial institutions such as banks, or investment firms are often paid a base salary. 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. Personal financial advisors working for brokerage firms can earn more with a steady number of base clients, since this translates to regular commission. Bank of America employees in different jobs earn different salaries. opt out of online behavioral advertising The estimated additional pay is $48,346 per year. Relationship-based ads and online behavioral advertising help us do that. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review 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. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. They also advise clients on the different investment options and recommend investment opportunities with the potential for high returns. Whatever side of the equation you are in, weve got you covered. . Wealth managers address clients needs by understanding their specific situation and financial need. 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. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. 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. Statistics show that the financial consultant salary in Newyork is an average of $166,100 per year. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. A financial advisor earning power is limitless. Average salary for Bank of America Financial Advisor in Cayce: US$68,687. 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. Suggestion 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? Developing the next generation of Merrill advisors. The estimated base pay is $80,104 per year. A Modern approach to It takes a $100 minimum deposit to open this account. Yes No Report Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. Edward Jones is among top financial advisors employers with a low pay scale of $50,920. Participants in ADP receive expert coaching and training from our award-winning Academy and Leadership Development organization. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. 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. Average salaries for Bank of America Financial Advisor: [salary]. The estimated additional pay is $30,274 per year. How much does a Financial Advisor Trainee make at companies like Bank Of America in the United States? Career Employer is the ultimate resource to help you get started working the job of your dreams. This is a total compensation that includes bonuses and commissions. Salary Expert indicates that the average income for CFA is $98,427. Advisors at the entry-level with less than one years experience earn around $48,383. Similarly, experienced advisors with 10-19 years get an average pay of $92,839. While most client advisors salary revolves around the average, there are advisors earning way above it. Other cities with a higher average salary for advisors include Dallas, Georgia, Pittsburgh, Houston, and Phoenix. A strong referral base from across the business through our relationship with one in every two households. The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. Helping them make informed investment choices. Your financial health. Salaries posted anonymously by Bank of America employees. Salaries at Bank of America Corp. (BOFA) range from an average of $53,538 to $146,211 a 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. They also assess the clients income, investment, and debts. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. Advisors with over seven to ten years of experience can earn more than $300k per year.Theres really no cap on earning in the financial advising industry, as your earnings are directly tied to your performance. 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. Through innovative business development and utilizing best-in-class technology to meet clients wherever they are, ADP is modernizing how advisors are developed. 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? 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 . If you opt out, though, you may still receive generic advertising. 5 Financial Planning's "Top 40 Advisors Under 40" list, January 25, 2021. 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. 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. Averages based on self-reported salaries. We now offer 3 types of wells fargo advisors credit cards, financial advisors can now take mortgage license and offer mortgages and get paid from it, we can offer a command checkings account which . What is the average salary of Bank of America Financial Center Manager? Yes, you can. Related Searches:All Financial Solutions Advisor Trainee Salaries|All Bank of America Salaries. See if they're hiring! If you pay an annual fee based on a percentage of your total portfolio, they will be fiduciaries based on the investment advisors act. Payscale estimates that the salary of CFA is between $64,234 and $255,000. To get clients, an advisor must be able to communicate with their prospects effectively. 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