Financial Planning recently released its annual analysis of base compensation for financial advisors. This is the first of several posts, beginning with advisors who have $400,000 in annual production at leading wirehouses and other broker-dealers.
This year's data, analyzed by Tasnady & Associates, compares base pay, deferred year-end payments, and total pay for advisors across nine firms. Individual advisor earnings may vary based on bonuses, penalties, and specific firm policies. Here is the breakdown:
Stifel
- Base Pay: $155,000
- Deferred-YE: $20,000
- Total Pay: $175,000
Edward Jones
- Base Pay: $157,500
- Deferred-YE: $10,120
- Total Pay: $167,620
Raymond James
- Base Pay: $166,000
- Deferred-YE: $0
- Total Pay: $166,000
Merrill Lynch
- Base Pay: $148,000
- Deferred-YE: $14,000
- Total Pay: $162,000
RBC Wealth Management
- Base Pay: $156,000
- Deferred-YE: $0
- Total Pay: $156,000
Wells Fargo
- Base Pay: $154,640
- Deferred-YE: $0
- Total Pay: $154,640
Morgan Stanley
- Base Pay: $132,600
- Deferred-YE: $3,400
- Total Pay: $136,000
UBS
- Base Pay: $115,200
- Deferred-YE: $12,800
- Total Pay: $128,000
Janney
- Base Pay: $80,000
- Deferred-YE: $0
- Total Pay: $80,000
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
