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. Help make it more accurate by adding yours. 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. 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. The estimated base pay is $5,608 per month. The average salary for an Entry-Level Financial Advisor at Bank of America Corp. (BOFA) is $57,391. The estimated base pay is $67,297 per year. Analysis based on average balances for the 6 months prior to March 2017 ("pre" period) and the 6 months after March 2017 ("post" period). Bank of America Advantage Savings is the bank's main savings product. Good investment options available for employees in various career points., Financial Solutions Advisor Salaries by Location. The estimated base pay is $59,621 per year. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. 9652 S Western Ave, Chicago, IL 60805. According to our data, the highest paying job at Bank of America is a Performance Coach at $17,992,000 annually while the lowest paying job at Bank of America is a Reviewer at $16,000 annually. $161K Bank of America Private Client Advisor without location (1 salary) At the same time, Payscales average yearly income for advisors stands at $60,247. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vuscj", "fluid": true }, All Financial Solutions Advisor Trainee Salaries, Financial Solutions Advisor Trainee Career, average salary for a Financial Solutions Advisor Trainee is $56,913 per year in United States, salary trajectory of a Financial Solutions Advisor Trainee, Financial Solutions Advisor Trainee Salaries. California comes second with an annual average pay of $141,000. Check out the latest Bank of America Jobs. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. Schedule an appointment with a specialist to discuss your banking, investments, home loan, or small business needs. Registered representatives are also known as stockbrokers. We also prohibit discrimination on other bases such as medical condition or marital status under applicable laws. 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. Other cities with a higher average salary for advisors include Dallas, Georgia, Pittsburgh, Houston, and Phoenix. Developing the next generation of Merrill advisors. From that analysis, a CFP will present several solutions to enable the client to reach their goals. To view the "EEO is the Law" Supplement, CLICK HERE. Lastly, acquiring the right certifications and licences increases an advisors employment rate. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. It is the second largest banking institution in the United States, after JP Morgan Chase. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. How accurate is this most likely Total Pay range (base + additional) of $7K-$13K/mo? The estimated base pay is $5,608 per month. The commission, on the other hand, ranges between $39,000 and $194,000. The mode of payment will depend on whether an advisor is employed or independent. 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. The U.S. Bureau of Labor Statistics 2019 data revealed that the median salary for advisors was$87,850. We strive to provide you with information about products and services you might find interesting and useful. Stockbrokers usually work for brokerage firms, offering their services to either individual clients or companies under the brokerage firm. Check out the latest Bank of America Jobs. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. 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 salaries of Banks of America Financial Advisor in the US range from $25,486 to $668,754 , with a median salary of $122,301 . .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $54,758 - $67,819 look to you? 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. list is available use arrows keys to navigate, Because there were no locations matching your search, we're How Much Does a Financial Advisor Make? See if they're hiring! If you prefer that we do not use this information, you may They help clients achieve their goals through a comprehensive strategy that addresses their clients diverse needs. Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. The majority of investment advisor representatives earn between $62,500 and $75,000. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. To become a certified financial planner, one must have a degree and also pass the CFP examination. Investment advisors with between five to nine years experience earn an average income of $75,584. Financial Advisor Average Financial Advisor Salary at Bank of America Corporation $61,042 / year Avg. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. 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. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. Based on 7 salaries posted anonymously by Bank of America Financial Advisor employees in New Lenox. 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. becoming a Financial Advisor. 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. Make my favorite Bank of America Tower Chicago. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. Additional pay could include bonus, stock, commission, profit sharing or tips. See if they're hiring! Average salary for Bank of America Financial Solutions Advisor Core Ii in San Luis: US$49,793. Bank of America, N.A. However, Edward Jones is on top of the rest when it comes to administrating and compliance support, internal operational support, and work environment. Financial Advisors made a median salary of $94,170 in 2021. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. It equally sets them apart when it comes to reaching out to new clients. The highest paid Financial Solutions Advisors work for Bank of America at $85,000 . 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. Check out the latest Bank of America Jobs. Your input helps Glassdoor refine our pay estimates over time. 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. If you opt out, though, you may still receive generic advertising. Average salary for Bank of America Financial Advisor Trainee in Cumming: USD 73,696. Relationship-based ads and online behavioral advertising help us do that. Wealth management specialists offer specialized financial services to affluent clients. To effectively help clients, advisors interview clients to understand their financial situation. Investment advisor financial services involve: Payscale breaks down the salary of investment advisors into several categories. Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. 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. Use our tool to get a personalized report on your market worth. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Salaries by years of experience in the United States View job openings with the years of experience that is relevant to you on Indeed View jobs Is this useful? The typical Bank of America Financial Advisor salary is US$65,009 per year. 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. 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. Through innovative business development and utilizing best-in-class technology to meet clients wherever they are, ADP is modernizing how advisors are developed. Eeo is the Bank & # x27 ; t charge that way, then cold... 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