Financial Planning analyzes base pay for advisors annually by examining payout rates for those generating $400,000 in production in 2023. This marks the initial phase of Financial Planning's four-part annual survey. Arizent collected data, and analysis was conducted by Tasnady & Associates.
- Merrill Lynch
- Base Pay: $148,000
- Deferred-YE: $14,000
- Total Pay: $162,000
- Wells Fargo
- Base Pay: $154,640
- Deferred-YE: $0.00
- Total Pay: $154,640
- Morgan Stanley
- Base Pay: $138,960
- Deferred-YE: $5,040
- Total Pay: $144,000
- UBS
- Base Pay: $128,000
- Deferred-YE: $0.00
- Total Pay: $128,000
- Stifel
- Base Pay: $164,000
- Deferred-YE: $20,000
- Total Pay: $184,000
- Edward Jones
- Base Pay: $157,500
- Deferred-YE: $10,400
- Total Pay: $167,900
- Raymond James & Associates
- Base Pay: $166,000
- Deferred-YE: $0.00
- Total Pay: $166,000
- RBC Wealth Management
- Base Pay: $156,000
- Deferred-YE: $0.00
- Total Pay: $156,000
- Janney Montgomery Scott
- Base Pay: $100,000
- Deferred-YE: $0.00
- Total Pay: $100,000
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
