Financial Planning annually analyzes base pay for advisors by examining payout rates for those generating $2,000,000 in production in 2023.

1. Edward Jones 

• Base Pay: $787,500
• Deferred-YE: $394,600
• Total Pay: $1,182,100

2. Stifel 

• Base Pay: $964,000
• Deferred-YE: $120,000
• Total Pay: $1,084,000

3. UBS

• Base Pay: $867,000
• Deferred-YE: $153,000
• Total Pay: $1,020,000

4. Janney Montgomery Scott 

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

5. Wells Fargo 

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

6. RBC Wealth Management 

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

7. Merrill Lynch 

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

8. Raymond James & Associates 

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

9. Morgan Stanley 

• Base Pay: $867,300
• Deferred-YE: $112,700
• Total Pay: $980,000

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