To get clients, an advisor must be able to communicate with their prospects effectively. San Diego, CA, University of California Santa Cruz - 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 highest paid Financial Solutions Advisors work for Bank of America at $85,000 . 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. 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. 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 law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. There was a separate team of three Wealth Advisors managing $4.5 billion. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $32 to $41 with the average total hourly cash compensation of $36. There are also bonuses depending on their general performance. The estimated base pay is $80,104 per year. As a Financial Solutions Advisor Stage I, you can look forward to Unlimited potential for financial growth. The program will enable advisors to develop skills in servicing clients across wealth bands and access the deep breadth of relationships across the Enterprise. How Much Does a Financial Advisor Make? Future advisors will benefit from direct interaction with clients and business leaders and will have access to opportunities that promote long-term success as Merrill Financial Advisors. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. Depending on the firms size, the flat fees can range between $ 1,000 and $3,000. Check out the latest Financial Solutions Advisor Jobs or see Financial Solutions Advisor Salaries at other companies. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. 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 . The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. - Work From Home, apricot Solar - The platform places the average commission of a financial advisor at $30,366. Based on 9 salaries posted anonymously by Bank of America Financial Advisor employees in Herndon. Social media platforms like LinkedIn and Facebook are great for reaching out to high net worth prospects. Financial Advisor salaries at Bank of America can range from $54,586-$67,114. The estimated base pay is $67,297 per year. Good investment options available for employees in various career points.. The estimated base pay is $80,104 per year. On the flip side, an entry-level advisor will most likely start at a lower scale as they learn the ropes. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $89,895 look to you? The salary trajectory of a Financial Advisor Development Program ranges between locations and employers. CAL's Convenience, Inc. - Operator of Stripes C-Stores - Wichita Falls Suggestion The estimated total pay for a Financial Solutions Advisor Trainee at Bank of America is $89,300 per year. The ranking for the "Top 40 Advisors Under 40" list is compiled using data solicited from the advisors' employers. Related Searches:All Financial Solutions Advisor Salaries|All Bank of America Salaries. 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 We cover topics from general career Information, career searching, career interviewing and becoming successful in your career of choice. TX. 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. 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. Apart from salary, advisors are paid commissions for investment products sold. Average salary for Bank of America Financial Advisor Trainee in Groton: US$54,121. At the same time, Payscales average yearly income for advisors stands at $60,247. 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. Hence, it goes without saying that developing ones interpersonal and communication skills is mandatory. With that said, here is how the different payment models work. Additional pay could include bonus, stock, commission, profit sharing or tips. Averages based on self-reported salaries. Salaries posted anonymously by Bank of America employees. See all Financial Advisor salaries to learn how this stacks up in the market. Help make it more accurate by adding yours. It could be you are just starting out in the financial advice industry. Advisors at the entry-level with less than one years experience earn around $48,383. Source: Wikipedia (as of 04/17/2019). Average salary for Bank of America Financial Advisor in New Lenox: US$61,042. We strive to provide you with information about products and services you might find interesting and useful. ", Discover opportunities within ADP: 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. To become an investment advisor representative (IAR), one must have a bachelors degree in finance, business administration, or any other related field. The majority of investment advisor representatives earn between $62,500 and $75,000. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. Its common for investment advisors to charge a lower percentage for managing big investment portfolios. 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. How accurate does $54,758 - $67,819 look to you? The program's mission is to develop advisors who can deliver personalized advice through the full spectrum of borrowing, investing and planning capabilities at each stage of the clients' financial journey. Check out the latest Bank of America Jobs. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $60,000 based on 5 salaries. 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). Senior CFAs with over eight years of experience earn up to $122,660 or more. 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. The amount an advisor earns for managing assets is prone to increase as a clients investment value increases. The average salary for a financial advisor is $83,654 per year in the United States and $17,800 commission per year. 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. 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. Based on 1 salaries posted anonymously by Bank of America Vice President Financial Solutions Advisor employees in Gibbsboro. Bank of America pays the lowest earners $26,000 a year, while the top 10 percent are paid over $107,000. 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. * Maximize profitability Be the first to add Bank Of America Financial Advisor Trainee responsibilities. Since they also earn commission and bonuses, their income is lucrative. Personal financial advisors working for firms must understand their investment strategies and financial products to better guide clients on the best options depending on their individual needs. However if they don't charge that way, then they cold still be fiduciaries but it is unlikely. 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 . Averages based on self-reported salaries.