Financial Planning has released its annual review of base pay for financial advisors at major wirehouses and regional or national broker-dealers, focusing this year on $400,000 annual producers. The first installment of this four-part series breaks down base salaries, deferred year-end compensation, and total earnings for these professionals in 2025.

WIREHOUSES

Merrill

Base Pay: $148,000
Deferred-YE: $14,000
Total Pay: $162,000

Wells Fargo

Base Pay: $154,640
Deferred-YE: $0.00
Total Pay: $154,640

Morgan Stanley

Base Pay: $132,600
Deferred-YE: $3,400
Total Pay: $136,000

UBS

Base Pay: $104,400
Deferred-YE: $11,600
Total Pay: $116,000

REGIONAL/NATIONAL

Stifel

Base Pay: $155,000
Deferred-YE: $20,000
Total Pay: $175,000

Edward Jones

Base Pay: $157,500
Deferred-YE: $9,800*
Total Pay: $167,300

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

Raymond James & Associates

Base Pay: $166,000

Deferred-YE: $0.00
Total Pay: $166,000

RBC Wealth Management

Base Pay: $136,000
Deferred-YE: $0.00
Total Pay: $136,000

Janney Montgomery Scott

Base Pay: $80,000
Deferred-YE: $0.00
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.