Financial Planning has recently released its annual analysis of base compensation for financial advisors generating $2,000,000 in annual production at top wirehouses and broker-dealers.
Here is the breakdown:
Stifel
- Base Pay: $955,000
- Deferred-YE: $120,000
- Total Pay: $1,075,000
Edward Jones
- Base Pay: $787,500
- Deferred-YE: $401,800
- Total Pay: $1,189,300
Raymond James
- Base Pay: $900,000
- Deferred-YE: $215,000
- Total Pay: $1,115,000
Merrill Lynch
- Base Pay: $845,000
- Deferred-YE: $160,400
- Total Pay: $1,005,400
RBC Wealth Management
- Base Pay: $960,000
- Deferred-YE: $110,000
- Total Pay: $1,070,000
Wells Fargo
- Base Pay: $954,640
- Deferred-YE: $78,825
- Total Pay: $1,033,465
Morgan Stanley
- Base Pay: $864,000
- Deferred-YE: $96,000
- Total Pay: $960,000
UBS
- Base Pay: $882,300
- Deferred-YE: $137,700
- Total Pay: $1,020,000
Janney
- Base Pay: $920,000
- Deferred-YE: $160,000
- Total Pay: $1,080,000
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
