Financial Planning recently concluded its compensation analysis series by detailing 2025 base pay expectations for financial advisors generating $1 million in annual revenue at both wirehouses and regional or national broker-dealers.

WIREHOUSES

UBS

Base Pay: $436,100
Deferred-YE: $53,900
Total Pay: $490,000

Wells Fargo

Base Pay: $454,640
Deferred-YE: $14,325
Total Pay: $468,965

Merrill

Base Pay: $400,000
Deferred-YE: $65,000
Total Pay: $465,000

Morgan Stanley

Base Pay: $411,400
Deferred-YE: $28,600
Total Pay: $440,000

REGIONAL/ NATIONAL

Edward Jones

Base Pay: $393,750
Deferred-YE*: $155,400
Total Pay: $549,150

*Edward Jones does not have a deferred year-end number. Instead, it uses an average office profit bonus.

Stifel

Base Pay: $455,000
Deferred-YE: $50,000
Total Pay: $505,000

RBC Wealth Management

Base Pay: $460,000
Deferred-YE: $41,800
Total Pay: $501,800

Raymond James & Associates

Base Pay: $445,000
Deferred-YE: $56,000
Total Pay: $501,000

Janney Montgomery Scott

Base Pay: $450,000
Deferred-YE: $50,000
Total Pay: $500,000

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.