Financial Planning annually analyzes base pay for advisors by examining payout rates for those generating $1,000,000 in production in 2023. 

1. Edward Jones 

• Base Pay: $393,750
• Deferred-YE: $155,700
• Total Pay: $549,450

2. Stifel 

• Base Pay: $464,000
• Deferred-YE: $50,000
• Total Pay: $514,000

3. UBS

• Base Pay: $416,500
• Deferred-YE: $73,500
• Total Pay: $490,000

4. Janney Montgomery Scott 

• Base Pay: $445,000
• Deferred-YE: $60,000
• Total Pay: $505,000

5. Wells Fargo 

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

6. RBC Wealth Management 

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

7. Merrill Lynch 

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

8. Raymond James & Associates 

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

9. Morgan Stanley 

• Base Pay: $411,625
• Deferred-YE: $33,375
• Total Pay: $445,000

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