Financial Planning analyzes base pay for advisors annually by examining payout rates. Below are the payout rates for advisors generating $600,000 in production in 2023. This marks the second phase of Financial Planning's four-part annual survey. Arizent collected data, and analysis was conducted by Tasnady & Associates.
1. Stifel
- Base Pay: $264,000
- Deferred-YE: $30,000
- Total Pay: $294,000
2. Merrill Lynch
- Base Pay: $234,000
- Deferred-YE: $24,000
- Total Pay: $258,000
3. RBC Wealth Management
- Base Pay: $258,000
- Deferred-YE: $9,900
- Total Pay: $267,900
4. Wells Fargo
- Base Pay: $254,640
- Deferred-YE: $3,000
- Total Pay: $257,640
5. Edward Jones
- Base Pay: $236,250
- Deferred-YE: $58,920
- Total Pay: $295,170
6. Janney Montgomery Scott
- Base Pay: $264,000
- Deferred-YE: $0.00
- Total Pay: $264,000
7. Morgan Stanley
- Base Pay: 236,550
- Deferred-YE: $12,450
- Total Pay: $249,000
8. UBS
- Base Pay: $216,000
- Deferred-YE: $24,000
- Total Pay: $240,000
9. Raymond James & Associates
- Base Pay: $261,000
- Deferred-YE: $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.
