Base Pay Breakdown for $600,000 Producers

October 10th, 2024, 2:00 PM

Financial Planning recently released its annual analysis of base compensation for financial advisors. In this post, we review those advisors with $600,000 in annual production at leading wirehouses and broker-dealers.

Here is the breakdown:

Stifel

- Base Pay: $255,000
- Deferred-YE: $30,000
- Total Pay: $285,000

Edward Jones

- Base Pay: $236,250
- Deferred-YE: $56,880
- Total Pay: $293,130

Raymond James

- Base Pay: $166,000
- Deferred-YE: $0
- Total Pay: $166,000

Merrill Lynch

- Base Pay: $234,000
- Deferred-YE: $24,000
- Total Pay: $258,000

RBC Wealth Management

- Base Pay: $156,000
- Deferred-YE: $0
- Total Pay: $156,000

Wells Fargo

- Base Pay: $254,640
- Deferred-YE: $3,000
- Total Pay: $257,640

Morgan Stanley

- Base Pay: $236,550
- Deferred-YE: $12,450
- Total Pay: $249,000

UBS

- Base Pay: $216,000
- Deferred-YE: $24,000
- Total Pay: $240,000

Janney

- Base Pay: $258,000
- Deferred-YE: $9,900
- Total Pay: $267,900

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 $600,000 Producers

October 10th, 2024, 2:00 PM

Financial Planning recently released its annual analysis of base compensation for financial advisors. In this post, we review those advisors with $600,000 in annual production at leading wirehouses and broker-dealers.

Here is the breakdown:

Stifel

- Base Pay: $255,000
- Deferred-YE: $30,000
- Total Pay: $285,000

Edward Jones

- Base Pay: $236,250
- Deferred-YE: $56,880
- Total Pay: $293,130

Raymond James

- Base Pay: $166,000
- Deferred-YE: $0
- Total Pay: $166,000

Merrill Lynch

- Base Pay: $234,000
- Deferred-YE: $24,000
- Total Pay: $258,000

RBC Wealth Management

- Base Pay: $156,000
- Deferred-YE: $0
- Total Pay: $156,000

Wells Fargo

- Base Pay: $254,640
- Deferred-YE: $3,000
- Total Pay: $257,640

Morgan Stanley

- Base Pay: $236,550
- Deferred-YE: $12,450
- Total Pay: $249,000

UBS

- Base Pay: $216,000
- Deferred-YE: $24,000
- Total Pay: $240,000

Janney

- Base Pay: $258,000
- Deferred-YE: $9,900
- Total Pay: $267,900

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