Financial Planning completes its series on base compensation for advisors at wirehouses and regional or national broker-dealers by analyzing what advisors generating $2 million in annual revenue can expect to make in 2025.
Wirehouse Compensation
- UBS: $882,300 Base, $137,700 Deferred-YE, $1,020,000 Total Pay
- Wells Fargo: $954,640 Base, $78,825 Deferred-YE, $1,033,465 Total Pay
- Merrill: $845,000 Base, $160,400 Deferred-YE, $1,005,400 Total Pay
- Morgan Stanley: $864,000 Base, $96,000 Deferred-YE, $960,000 Total Pay
Regional and National Firms
- Edward Jones: $787,500 Base, $396,400 average office profit bonus*, $1,183,900 Total Pay
- Stifel: $955,000 Base, $120,000 Deferred-YE, $1,075,000 Total Pay
- RBC Wealth Management: $960,000 Base, $110,000 Deferred-YE, $1,070,000 Total Pay
- Raymond James: $900,000 Base, $215,000 Deferred-YE, $1,115,000 Total Pay
- Janney Montgomery Scott: $920,000 Base, $160,000 Deferred-YE, $1,080,000 Total Pay
*Edward Jomes does not have a deferred year-end number. Instead, it uses an average office profit bonus.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
