Financial Planning recently concluded its compensation analysis series by detailing 2025 base pay expectations for financial advisors generating $2 million in annual revenue at both wirehouses and regional or national broker-dealers. The figures, reviewed by Andrew Tasnady of Tasnady & Associates, outline base pay alongside deferred year-end bonuses.

Wirehouses

Wells Fargo

Base Pay: $954,640
Deferred-YE: $78,825
Total Pay: $1,033,465

UBS

Base Pay: $882,300
Deferred-YE: $137,700
Total Pay: $1,020,000

Merrill

Base Pay: $845,000
Deferred-YE: $160,400
Total Pay: $1,005, 400

Morgan Stanley

Base Pay: $864,000
Deferred-YE: $96,000
Total Pay: $960,000

REGIONAL/ NATIONAL

Edward Jones

Base Pay: $787,500
Deferred-YE*: $396,400
Total Pay: $1,183,900
*Edward Jones does not have a deferred year-end number. Instead, it uses an average office profit bonus.

Raymond Jones & Associates

Base Pay: $900,000
Deferred-YE: $215,000
Total Pay: $1,115,000

Janney Montgomery Scott

Base Pay: $920,000
Deferred-YE: $160,000
Total Pay: $1,080,000

Stifel

Base Pay: $955,000
Deferred-YE: $120,000
Total Pay: $1,075,000

RBC Wealth Management

Base Pay: $960,000
Deferred-YE: $110,000
Total Pay: $1,070,000

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