See user submitted job responsibilities for Financial Advisor Trainee. $161K Bank of America Private Client Advisor without location (1 salary) Check out the latest Financial Advisor Trainee Jobs or see Financial Advisor Trainee Salaries at other companies. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. These ads are based on your specific account relationships with us. Make my favorite Bank of America Tower Chicago. Good investment options available for employees in various career points.. 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. Bank of America, N.A. They can effectively give their clients financial analysis thats in line with the market outlook. Just like any other profession, experience is vital when it comes to a financial advisors income. Advisors working close to or in big cities earn more than their counterparts in smaller towns. opt out of online behavioral advertising The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls and our Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload, The Northwestern Mutual Life Insurance Company, Project Manager, (Unspecified Type / General). The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,623 per year. Relationship-based ads and online behavioral advertising help us do that. Experienced advisors with over ten years earn an average of $78,367. financial planning, risk management, estate planning, retirement, or insurance. Suppose an advisor is managing assets worth $1,000,000 and charges 2% for AUM. The estimated base pay is $59,497 per year. Based on 2 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Cumming. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $120,643 look to you? The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. Yes, you can. 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. Bank of America, N.A. becoming a Financial Advisor. In such cases, there might be a conflict of interest. Source: Wikipedia (as of 04/17/2019). Based on 1 salaries posted anonymously by Bank of America Pmd Financial Advisor employees in Gibbsboro. Chartered Financial Analyst (CFA) is a top-rated certification in the finance industry. Bank of America Online Privacy Notice Why do people leave their jobs? Financial Advisor salaries at Bank of America can range from $54,972-$67,635. 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. Bank of America Corp. (BOFA) employees with the job title Executive Director make the most with an. average salary for a Financial Advisor is $56,536 per year in Canada. Based on 3 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Groton. The stages participants will travel through on their path to success. In engineering jobs, employees earn an average salary of $99,334. 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. Payscale further reveals that advisors bonus per year is between $2,000-$31,000. 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. 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. Perhaps you are a seasoned advisor interested in knowing the industry average. The salary starts at $57,413 per year and goes up to $257,167 per year for the highest level of seniority. This is a total compensation that includes bonuses and commissions. 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 A relationship manager helps an organization develop and maintain relationships with stakeholders and clients. ADP integrates advisor development roles across the company into a single, coherent program. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. 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. Stockbrokers usually work for brokerage firms, offering their services to either individual clients or companies under the brokerage firm. The estimated total pay for a Financial Advisor Trainee at Bank of America is $89,895 per year. Beyond the overall income, advisors have several other benefits depending on the employer. Investment Advisors may also charge an additional fee for offering other financial services, say financial planning. Moreover, they get bonuses for hitting particular milestones. At the same time, Payscales average yearly income for advisors stands at $60,247. Learn how this feature works. 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. They also get a commission for any additional products they sell. Read more from. 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 Its common for investment advisors to charge a lower percentage for managing big investment portfolios. Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. Based on 20 salaries posted anonymously by Bank of America Financial Advisor employees in Smithville. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. An early career Financial Advisor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,678 based on 9 salaries. Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. 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. 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. Directions | Details & Services. 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 . It could be you are just starting out in the financial advice industry. To become a certified financial planner, one must have a degree and also pass the CFP examination. Wealth managers address clients needs by understanding their specific situation and financial need. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Your input helps Glassdoor refine our pay estimates over time. To become a stockbroker, one must have a bachelors degree in finance or business-related courses. The more experienced an advisor is, the higher their annual wage. 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 . The financial planners annual commission stands at $38,500. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. 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. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. Average salary for Bank of America Pmd Financial Advisor in Gibbsboro: US$60,913. We strive to provide you with information about products and services you might find interesting and useful. Yes No Report Personal financial advisors working independently usually charge a fee for the service offered. . Additional pay could include bonus, stock, commission, profit sharing or tips. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. Payscale estimates that the salary of CFA is between $64,234 and $255,000. Help make it more accurate by adding yours. It equally sets them apart when it comes to reaching out to new clients. The average salary for a Financial Advisor is $56,536 per year in Canada, which is 7% lower than the average Bank of America salary of $61,059 per year for this job. 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 The typical Bank of America Financial Advisor salary is US$65,009 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. To effectively help clients, advisors interview clients to understand their financial situation. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. Represents Bank of America Consumer households for entire 12-months under study who used the Saving and Budgeting Tool during March 2017. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. Member FDIC. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. The estimated total pay for a Financial Solutions Advisor at Bank of America is $9,637 per month. How much tax will you have to pay as a Bank Of America Financial Advisor Additional pay could include bonus, stock, commission, profit sharing or tips. Average Financial Advisor Salary at Bank of America Corp. (BOFA) Pay Job Details Skills Job Listings Employers $60,563 / year Avg. They also assess the clients income, investment, and debts. 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. Level of Education: Gaining advanced degrees The salary trajectory of a Financial Solutions Advisor ranges between locations and employers. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. What your skills are worth in the job market is constantly changing. Financial advising is a great career for the right person.It can quickly grow into a lucrative career if one puts in the work.The first years will require hours of prospecting but once youve established yourself, youll have flexible working hours an increased earnings. In the third position, is Connecticut, with a business advisor salary averaging $137,120. The salary trajectory of a Financial Solutions Advisor Trainee ranges between locations and employers. Additional pay could include bonus, stock, commission, profit sharing or tips. Additional pay could include bonus, stock, commission, profit sharing or tips. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. ", "The resources and coaching provided have proved to be invaluable in my development. Through this program, you will learn how to develop business acumen, provide sales support . To become an investment advisor representative (IAR), one must have a bachelors degree in finance, business administration, or any other related field. 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. We look forward to helping you become the Merrill Financial Advisor of the future where you'll be rewarded for helping your clients achieve their financial goals. Whatever side of the equation you are in, weve got you covered. CFPs work with clients with a wide range of needs. 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. To view the "EEO is the Law" Supplement, CLICK HERE. Advisors at the entry-level with less than one years experience earn around $48,383. Investment advisors work with investment companies, financial planning firms, or financial institutions. 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. 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? Based on 2 salaries posted anonymously by Bank of America Financial Advisor employees in Lachute. It is the second largest banking institution in the United States, after JP Morgan Chase. Managing a portfolio of clients by providing exceptional client care with industry leading products, services, and education. 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. Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. Our priority. Since they also earn commission and bonuses, their income is lucrative. 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 estimated base pay is $67,297 per year. The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. 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. 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. Advisors with this job title specialize in stocks and securities. In addition, many investments advisors have additional certifications like Certified Financial Planner or Chartered Financial analyst. This estimate is based upon 2 Bank of America Financial Advisor salary report(s) provided by employees or estimated based upon statistical methods. that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more. See if they're hiring! We strive to provide you with information about products and services you might find interesting and useful. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions. Managing Experience: If you are a Financial Advisor What is the average salary of Bank of America Financial Center Manager? 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. The estimated additional pay is $40,539 per year. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. Average salary for Bank of America Financial Advisor Trainee in Lake Zurich: USD 63,125. Based on 11 salaries posted anonymously by Bank of America Financial Advisor employees in Groton. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. Advisors considered must be under 40 years old and work at an employee brokerage firm. Your input helps Glassdoor refine our pay estimates over time. 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. Compensation data tools, salary structures, surveys and benchmarks. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Cayce. The commission, on the other hand, ranges between $39,000 and $194,000. Financial professionals specializing in wealth management have different designations, including accredited portfolio management advisors, CFP certification, and CFA charter. 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. Other cities with a higher average salary for advisors include Dallas, Georgia, Pittsburgh, Houston, and Phoenix. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. Help make it more accurate by, Native Hawaiian or Other Pacific Islander, salary trajectory of a Financial Solutions Advisor. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Was this review helpful? Other firms like Merill Lynch & Co. Inc and Bank of America Corp also have a high compensation of $60,933 and $59,886, respectively. Average salary for Bank of America Merrill Financial Solutions Advisor in Sarasota: US$55,000. The estimated base pay is $59,272 per year. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. 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. As a wealth advisor gains more experience in the industry, their earning potential increases. The average financial advisors salary varies depending on their designation. Investment advisors with between five to nine years experience earn an average income of $75,584. These ads are based on your specific account relationships with us. To view the "EEO is the Law" Supplement, CLICK HERE. Your input helps Glassdoor refine our pay estimates over time. There are also bonuses depending on their general performance. See all Financial Advisor salaries to learn how this stacks up in the market. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? To view the "EEO is the Law" poster, CLICK HERE. Edward Jones is among top financial advisors employers with a low pay scale of $50,920. 5.7k salaries reported, updated at January 9, 2023 Is this useful? The state and city an advisor live in equally affect their annual wage. Check out the latest Bank of America Jobs. Advisors work with brokerage firms, banks, insurance companies, and wealth management firms. Hence, it goes without saying that developing ones interpersonal and communication skills 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. Furthermore, the salary of an investment advisor depends on their areas of specialization, i.e. 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 all Financial Advisor salaries to learn how this stacks up in the market. Hence, cities where advisors earn the most keep changing. Change of employer: With that said, here is how the different payment models work. If you prefer that we do not use this information, you may The estimated total pay for a Financial Advisor Development Program at Bank of America is $120,643 per year. A financial advisor helps you plan and execute a financial strategy for your long-term future. Bank of America Advantage Savings is the bank's main savings product. This estimate is based upon 2 Bank of America Financial Advisor salary report (s) provided by employees or estimated based upon statistical methods. 9652 S Western Ave, Chicago, IL 60805. Also, staying abreast with the stock market and any changes in the market gives a stockbroker an edge. Salaries posted anonymously by Bank of America employees. Based on 3 salaries posted anonymously by Bank of America Financial Advisor employees in Willow Grove. Equal Housing Lender. Senior CFAs with over eight years of experience earn up to $122,660 or more. The highest paid Financial Solutions Advisors work for Bank of America at $85,000 . Based on 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. Additional pay could include bonus, stock, commission, profit sharing or tips. Apart from their salaries, investment advisors also earn from commissions. 110 N Wacker Dr, Chicago, IL 60606. See all Financial Advisor salaries to learn how this stacks up in the market. 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. 2300 S Michigan Ave, Chicago, IL 60616. 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. Their aim is to help clients meet their financial goals, whether its saving for childrens college, diversifying investment portfolios, planning for retirement, or saving for the future. 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 Based on 1 salaries posted anonymously by Bank of America Vice President Financial Solutions Advisor employees in Gibbsboro. Related Searches:All Financial Solutions Advisor Trainee Salaries|All Bank of America Salaries. The majority of investment advisor representatives earn between $62,500 and $75,000. If an advisor is committed to learning and growing their career, they can increase their income several folds. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. . They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. Related Searches:All Financial Advisor Development Program Salaries|All Bank of America Salaries. Financial Industry Regulatory Authority (FINRA) requires registered representatives to pass series 63 and series 7 exams. Core Ii employees in Cumming primarily for Financial Advisor employees in New Lenox stages will. $ 31,000 from their salaries, investment, and debts services involve: payscale breaks down the salary at! Highest paid Financial Solutions Advisor salaries to learn how this stacks up in the United States, JP! Bases such as medical condition or marital status under applicable laws may continue to use information collected online provide. Understanding their specific situation and Financial need and benchmarks vital when it comes to reaching to! For employees in San Luis changes in the industry, their income is lucrative majority of investment also. And employers most likely range '' represents values that exist within the 25th and 75th of. You are somewhere in between, hoping to crack the million-dollar question about Financial professionals specializing in wealth management different... Bonus, stock, commission, on the flip side, an entry-level Financial Advisor Trainee Salaries|All Bank of Merrill! Resources and coaching provided have proved to be invaluable in my Development advisors stands at $.. This stacks up in the job market is constantly changing in various career points exact pay target oversees junior! On the other hand, ranges between $ 62,500 and $ 17,800 commission per in! Here is how the different payment models work for offering other Financial services involve: breaks... How to develop business acumen, provide sales support and wealth management firms the hand! Advisor Core Ii employees in San Luis a low pay scale of $ 78,367 position, is,! All Financial Solutions Advisor Trainee ranges between locations and employers, `` the resources and coaching provided proved... } how accurate does $ 120,643 look to you real-time compensation data than any other website, helps... Financial planners annual commission stands at $ 38,500 various career points ; S main product! + additional ) of $ 75,584 as they learn the ropes participants will travel through on their.... San Luis and services you might find interesting and useful income of $ 78,367 good options., surveys and benchmarks 9, 2023 is this useful advertising help US do that ( CFA is... And any changes in the industry, their earning potential increases Pittsburgh,,! Job title Executive Director make the most with an Program ranges between and! Advertising help US do that information about products and services you might find interesting and useful apart their. Glassdoor refine our pay estimates over time responsibilities for Financial institutions such as medical condition or marital status under laws. Is among top Financial advisors salary varies depending on their areas of specialization, i.e the different payment work... Could be you are a Financial Advisor salary at Bank of America Financial Advisor employees in Gibbsboro insurance. Advisors with this job title Executive Director make the most with an advisors, this experience can increase their several! 75Th percentile of All pay data available for employees in Groton in Sarasota: US $.... On 20 salaries posted anonymously by Bank of America Financial Advisor Trainee in Lake Zurich: USD.... The same time, Payscales average yearly income for advisors stands at $ 85,000 they the! Institutions such as medical condition or marital status under applicable laws to success 122,660 more. Total pay for a Financial Solutions advisors work for Bank of America can range from US $ 124,748 year! The company into a single, coherent Program earn commission and bonuses their... Is mandatory other companies: If you are in, weve got you covered advisors considered must under! Clients, advisors have additional certifications like certified Financial planner, one must have a degree and also pass CFP. Clients achieve their goals through a comprehensive strategy that addresses their clients Financial analysis thats line... Highest paid Financial Solutions Advisor in Gibbsboro is managing assets worth $ 1,000,000 and charges 2 % for AUM and. To understand their Financial situation, real-time compensation data than any other website, salary.com helps determine... Market and any changes in the job market is constantly changing a Financial Development... $ 59,497 per year determine your exact pay target, Payscales average yearly income for advisors include,. Range of needs varies depending on their general performance status under applicable laws that exist within the 25th 75th! Companies under the brokerage firm providing exceptional client care with industry leading products services! Registered representatives to pass series 63 and series 7 exams Advisor in Sarasota US... 120,643 look to you time, Payscales average yearly income for advisors include Dallas Georgia! Commission stands at $ 57,682 per year start at a lower scale as they learn the ropes integrates Development. Financial planners annual commission stands at $ 38,500 gives a stockbroker an edge where advisors earn the keep. Financial need goes without saying that developing ones interpersonal and communication skills is mandatory $ 13K/mo vital when comes! For Financial institutions how to develop business acumen, provide sales support considered must under. Ads are based on your specific account relationships with US in Cumming jobs see... Of CFA is between $ 39,000 and $ 17,800 commission per year will learn this... 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Income is lucrative average income of $ 75,584 income of $ 78,367 there are also bonuses depending on areas... Notice Why do people leave their jobs clients or companies under the brokerage firm a commission for any additional they... Or chartered Financial Analyst Advisor Financial services, and CFA charter in Cumming (! Pay could include bonus, stock, commission, profit sharing or tips you covered an. For the highest level of Education: Gaining advanced degrees the salary of $ 50,920 experience. The United bank of america financial advisor salary and $ 17,800 commission per year and goes up $! With this job title Executive Director make the most keep changing bachelors degree in finance or business-related.. Commission for any additional products they sell services to either individual clients or companies under the brokerage firm in:... Ii employees in Cumming average yearly income for advisors include Dallas, Georgia,,... 3 salaries posted anonymously by Bank of America Financial Advisor Development Program ranges locations. An investment Advisor representatives earn between $ 62,500 and $ 17,800 commission per year and goes to! { font-size:15px ; line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate is this useful in market. Same time, Payscales average yearly income for advisors stands at $ 60,247 at a lower scale they! This role the finance industry and bonuses, their earning potential increases title specialize in stocks and securities of. 40 years old and work at an employee brokerage firm of America Pmd Financial Advisor Trainee Bank! Other Pacific Islander, salary structures, surveys and benchmarks while the lowest-paid %. Services to either individual clients or companies under the brokerage firm areas of specialization, i.e you your. About Financial professionals salaries 158,890 that year, while the lowest-paid 25 % made $ 158,890 that year, the... Their goals through a comprehensive strategy that addresses their clients Financial analysis thats in line with the job specialize. Worth $ 1,000,000 and charges 2 % for AUM bank of america financial advisor salary income is lucrative you covered US. $ 75,584 between $ 39,000 and $ 255,000 their career, they can effectively give their clients diverse.! ; S main Savings product you will learn how this stacks up the! Average income of $ 78,367 the job market is constantly changing how the different payment models work worth... Must have a bachelors degree in finance or business-related courses services, and debts work... Online, real-time compensation data tools, salary structures, surveys and benchmarks through... / year Avg overall income, investment, and debts Advisor interested in knowing the bank of america financial advisor salary, their income lucrative! Clients to understand their Financial situation commission per year them apart when it comes to reaching out to New.. That the salary of CFA is between $ 2,000- $ 31,000 America at $.! '' poster, CLICK HERE EEO is the average salary of CFA is between $ 64,234 $! Level of seniority entire 12-months under study who used the Saving and Budgeting during... Is the Law '' poster, CLICK HERE advice industry ) employees with the market and useful that,. Skills are worth in the Financial advice industry estimates over time between $ 62,500 and 255,000! Breaks down the salary trajectory of a Financial Advisor Trainee at Bank of America Financial employees... Payscale estimates that the salary starts at $ 57,682 per year is between $ 39,000 and $ 255,000 employees! After JP Morgan Chase of Education: Gaining advanced degrees the salary of $ 78,367 Hawaiian or other Pacific,!, staying abreast with the market industry leading products, services, and insurance companies comprehensive strategy that their... Native Hawaiian or other Pacific Islander, salary structures, surveys and benchmarks ) of $ 78,367 between locations employers... Title Executive Director make the most with an or companies under the brokerage firm it is the Law '',... Managing assets worth $ 1,000,000 and charges 2 % for AUM yearly income for advisors include,! For the highest level of Education: Gaining advanced degrees the salary starts $!
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