Financial Planning recently released its annual analysis of base compensation for financial advisors. In this post, we review those advisors with $600,000 in annual production at leading wirehouses and broker-dealers.
Here is the breakdown:
Stifel
- Base Pay: $255,000
- Deferred-YE: $30,000
- Total Pay: $285,000
Edward Jones
- Base Pay: $236,250
- Deferred-YE: $56,880
- Total Pay: $293,130
Raymond James
- Base Pay: $166,000
- Deferred-YE: $0
- Total Pay: $166,000
Merrill Lynch
- Base Pay: $234,000
- Deferred-YE: $24,000
- Total Pay: $258,000
RBC Wealth Management
- Base Pay: $156,000
- Deferred-YE: $0
- Total Pay: $156,000
Wells Fargo
- Base Pay: $254,640
- Deferred-YE: $3,000
- Total Pay: $257,640
Morgan Stanley
- Base Pay: $236,550
- Deferred-YE: $12,450
- Total Pay: $249,000
UBS
- Base Pay: $216,000
- Deferred-YE: $24,000
- Total Pay: $240,000
Janney
- Base Pay: $258,000
- Deferred-YE: $9,900
- Total Pay: $267,900
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
