Financial Planning has conducted its annual review of base pay for advisors at both wirehouses and regional or national broker-dealers, focusing on those producing $600,000 annually. It is important to note that this analysis excludes certain firms' special pay policies, as these vary widely among advisors within each firm, making comparisons challenging. Individual compensation can fluctuate significantly based on business mix and specific firm policies.
The following are the findings for $600,000 producers:
- Merrill Lynch: Base Pay: $234,000 / Deferred Year-End Compensation: $24,000 / Total Pay: $258,000
- Wells Fargo: Base Pay: $254,640 / Deferred Year-End Compensation: $3,000 / Total Pay: $257,640
- Morgan Stanley: Base Pay: $236,550 / Deferred Year-End Compensation: $12,450 / Total Pay: $249,000
- UBS: Base Pay: $216,000 / Deferred Year-End Compensation: $24,000 / Total Pay: $240,000
- Edward Jones: Base Pay: $236,250 / Deferred Year-End Compensation: $56,880 / Total Pay: $293,130
- Stifel: Base Pay: $255,000 / Deferred Year-End Compensation: $30,000 / Total Pay: $285,000
- RBC Wealth Management: Base Pay: $258,000 / Deferred Year-End Compensation: $9,900 / Total Pay: $267,900
- Janney: Base Pay: $264,000 / Deferred Year-End Compensation: $0.00 / Total Pay: $264,000
- Raymond James: Base Pay: $261,000 / Deferred Year-End Compensation: $0.00 / Total Pay: $261,000
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
