Financial Planning has released its annual analysis of base compensation for financial advisors. This post explores the best pay for financial advisors with $1,000,000 in yearly production at leading wirehouses and broker-dealers.
Here is the breakdown:
Stifel
Base Pay: $455,000 / Deferred-YE: $50,000 / Total Pay: $505,000
Edward Jones
Base Pay: $393,750 / Deferred-YE: $156,200 / Total Pay: $549,950
Raymond James
Base Pay: $445,000 / Deferred-YE: $56,000 / Total Pay: $501,000
Merrill Lynch
Base Pay: $400,000 / Deferred-YE: $65,000 / Total Pay: $465,000
RBC Wealth Management
Base Pay: $460,000 / Deferred-YE: $41,800 / Total Pay: $501,800
Wells Fargo
Base Pay: $454,640 / Deferred-YE: $14,325 / Total Pay: $468,965
Morgan Stanley
Base Pay: $411,400 / Deferred-YE: $28,600 / Total Pay: $440,000
UBS
Base Pay: $436,100 / Deferred-YE: $53,900 / Total Pay: $490,000
Janney
Base Pay: $445,000 / Deferred-YE: $40,000 / Total Pay: $485,000
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
