Financial Planning continued its series on base compensation for advisors at wirehouses and regional or national broker-dealers by analyzing what advisors generating $1 million in annual revenue can expect to make in 2025. The publication compiled data directly from the firms and engaged Andrew Tasnady of Tasnady & Associates for analysis.
According to Financial Planning, the analysis assumed a 10-year service length, an even mix of stocks, bonds, mutual funds, and fee-based accounts, and excluded behavior-based bonuses or employer contribution programs.
Wirehouse Compensation
UBS: $436,100 Base, $53,900 Deferred-YE, $490,000 Total Pay
Wells Fargo: $454,640 Base, $14,325 Deferred-YE, $468,965 Total Pay
Merrill: $400,000 Base, $65,000 Deferred-YE, $465,000 Total Pay
Morgan Stanley: $411,400 Base, $28,600 Deferred-YE, $440,000 Total Pay
Regional and National Firms
Edward Jones: $393,750 Base, $155,400 average office profit bonus, $549,150 Total Pay
Stifel: $455,000 Base, $50,000 Deferred-YE, $505,000 Total Pay
RBC Wealth Management: $460,000 Base, $41,800 Deferred-YE, $501,800 Total Pay
Raymond James: $445,000 Base, $56,000 Deferred-YE, $501,000 Total Pay
Janney Montgomery Scott: $450,000 Base, $50,000 Deferred-YE, $500,000 Total Pay
*Edward Jomes does not have a deferred year-end number. Instead, it uses an average office profit bonus.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
