Base Pay Breakdown for $2M Producers

October 15th, 2024, 4:30 PM

Financial Planning has recently released its annual analysis of base compensation for financial advisors generating $2,000,000 in annual production at top wirehouses and broker-dealers.

Here is the breakdown:

Stifel

- Base Pay: $955,000
- Deferred-YE: $120,000
- Total Pay: $1,075,000

Edward Jones

- Base Pay: $787,500
- Deferred-YE: $401,800
- Total Pay: $1,189,300

Raymond James

- Base Pay: $900,000
- Deferred-YE: $215,000
- Total Pay: $1,115,000

Merrill Lynch

- Base Pay: $845,000
- Deferred-YE: $160,400
- Total Pay: $1,005,400

RBC Wealth Management

- Base Pay: $960,000
- Deferred-YE: $110,000
- Total Pay: $1,070,000

Wells Fargo

- Base Pay: $954,640
- Deferred-YE: $78,825
- Total Pay: $1,033,465

Morgan Stanley

- Base Pay: $864,000
- Deferred-YE: $96,000
- Total Pay: $960,000

UBS

- Base Pay: $882,300
- Deferred-YE: $137,700
- Total Pay: $1,020,000

Janney

- Base Pay: $920,000
- Deferred-YE: $160,000
- Total Pay: $1,080,000

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

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Blog

Base Pay Breakdown for $2M Producers

October 15th, 2024, 4:30 PM

Financial Planning has recently released its annual analysis of base compensation for financial advisors generating $2,000,000 in annual production at top wirehouses and broker-dealers.

Here is the breakdown:

Stifel

- Base Pay: $955,000
- Deferred-YE: $120,000
- Total Pay: $1,075,000

Edward Jones

- Base Pay: $787,500
- Deferred-YE: $401,800
- Total Pay: $1,189,300

Raymond James

- Base Pay: $900,000
- Deferred-YE: $215,000
- Total Pay: $1,115,000

Merrill Lynch

- Base Pay: $845,000
- Deferred-YE: $160,400
- Total Pay: $1,005,400

RBC Wealth Management

- Base Pay: $960,000
- Deferred-YE: $110,000
- Total Pay: $1,070,000

Wells Fargo

- Base Pay: $954,640
- Deferred-YE: $78,825
- Total Pay: $1,033,465

Morgan Stanley

- Base Pay: $864,000
- Deferred-YE: $96,000
- Total Pay: $960,000

UBS

- Base Pay: $882,300
- Deferred-YE: $137,700
- Total Pay: $1,020,000

Janney

- Base Pay: $920,000
- Deferred-YE: $160,000
- Total Pay: $1,080,000

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

Return to All