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.
