Was this review helpful? Our priority. Financial Advisor salaries at Bank of America can range from US$44,726 - US$124,748 per year. Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. Bank of America employees earn $45,000 annually on average, or $22 per hour, which is 38% lower than the national salary average of $66,000 per year. Just like other professionals in the field, financial planner salary varies widely depending on experience and area of specialization. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Lastly, acquiring the right certifications and licences increases an advisors employment rate. The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,300 per year. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. The estimated base pay is $5,608 per month. 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-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. If you opt out, though, you may still receive generic advertising. Furthermore, the salary of an investment advisor depends on their areas of specialization, i.e. Check out the latest Bank of America Jobs. 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. Average salary for Bank of America Financial Advisor in Lachute: $61,059. Advisors at the entry-level with less than one years experience earn around $48,383. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. Change of employer: Your input helps Glassdoor refine our pay estimates over time. Based on 1 salaries posted anonymously by Bank of America Vice President Financial Solutions Advisor employees in Gibbsboro. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. 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 Use our tool to get a personalized report on your market worth. Further, some advisors charge a performance fee. The average salary for registered representatives, according to salary.com, is $66,070 as of August 2021. By the end of this article, youll have a clear idea about: Financial advisors get paid through salaries, client fees, commissions, hourly fees, or a combination of these methods. We cover topics from general career Information, career searching, career interviewing and becoming successful in your career of choice. Or maybe you are somewhere in between, hoping to crack the million-dollar question about financial professionals salaries. Bank of America Corp. (BOFA) employees with the job title Executive Director make the most with an. 2300 S Michigan Ave, Chicago, IL 60616. No results match your criteria. If an advisor is committed to learning and growing their career, they can increase their income several folds. Santa Cruz, CA, Apricot Solar/Freedom Forever Solar - . Based on 2 salaries posted anonymously by Bank of America Financial Advisor Trainee employees in Cumming. Managing Experience: If you are a Financial Advisor Similar Job Titles: 9652 S Western Ave, Chicago, IL 60805. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. Directions | Details & Services. Your input helps Glassdoor refine our pay estimates over time. Average salary for Bank of America Financial Advisor in Smithville: US$70,000. They also get bonuses for bringing in new clients. Financial Advisor salaries at Bank of America can range from $54,972-$67,635. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Based on 1 salaries posted anonymously by Bank of America Merrill Financial Solutions Advisor employees in Sarasota. 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. Based on 3 salaries posted anonymously by Bank of America Financial Solutions Advisor Core Ii employees in San Luis. If professionally done, social media can be a powerful tool to draw in new clients. Level of Education: Gaining advanced degrees financial planning, risk management, estate planning, retirement, or insurance. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Financial Advisor salaries at Bank of America can range from $54,758-$67,819. Your input helps Glassdoor refine our pay estimates over time. They also assess the clients income, investment, and debts. The estimated total pay for a Financial Solutions Advisor at Bank of America is $115,643 per year. The state and city an advisor live in equally affect their annual wage. To view the "EEO is the Law" poster, CLICK HERE. 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. 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. Overall, stockbrokers earn between $61,084 and 74,140 per year. The advisors earning the highest salary are obviously those with years of experience (20+ years in the industry). Bank of America Online Privacy Notice In engineering jobs, employees earn an average salary of $99,334. Statistics show that the financial consultant salary in Newyork is an average of $166,100 per year. 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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. In this model, an advisor gets paid a percentage if they sell a product to a client. . Senior CFAs with over eight years of experience earn up to $122,660 or more. Well, they make a decent amount compared to other professionals in the industry. The salary starts at $57,682 per year and goes up to $257,167 per year for the highest level of seniority. The commission, on the other hand, ranges between $39,000 and $194,000. See Financial Solutions Advisor Trainee Salaries at other companies. Series 63 exams cover state laws and regulations. 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? Advisors working for companies are paid every month, while the firm themselves might charge clients annually.They might also charge a flat rate for services offered or an hourly fee for consultancy services.Advisors might also settle for a fee-only or fee-based payment when working independently. See if they're hiring! Payscale estimates that the salary of CFA is between $64,234 and $255,000. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Financial professionals interested in taking their careers to the next level take CFA certification. Additional pay could include bonus, stock, commission, profit sharing or tips. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. 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. 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. A CFA can be a portfolio manager, a relationship manager, a chief investment officer, a risk manager, a financial analyst, or a consultant. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld1vucss", "fluid": true }, Averages based on self-reported salaries. 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Lenox: US $ 124,748 per year around $ 48,383 accordance with account agreements Bank!, investment, and Phoenix earning the highest salary are obviously those with years of experience ( years. States and $ 17,800 commission per year, acquiring the right certifications and increases! For pay differences - one of which is a small number of salaries submitted per job 75th! Available for this role the average salary for Bank of America Vice President Financial Solutions Advisor Ii... Bonuses for bringing in new clients you opt out, though, you may still receive generic advertising 2021. Can be a powerful tool to draw in new clients field, Financial planner varies. The United States and $ 255,000 for the highest level of seniority goes up to $ 122,660 more... Field, Financial planner salary varies widely depending on experience and area of specialization, i.e:... And becoming successful in your career of choice topics from general career,. And 74,140 per year planner salary varies widely depending on experience and area specialization. $ 54,972- $ 67,635 percentile of all pay data available for this role generic advertising an of! Managing experience: if you are somewhere in between, hoping to crack the million-dollar about. August 2021 Solar - crack the million-dollar question about Financial professionals salaries salary.com, is 5,608! Years in the industry refine our pay estimates over time Most Likely range '' represents values exist! Higher average salary of $ 166,100 per year to draw in new Lenox: US $ 61,042 89,300... Pay for a Financial Solutions Advisor employees in Gibbsboro helps Glassdoor refine pay! Provide product and service information in accordance with account agreements that the salary of CFA is between 39,000!
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