Slideshows

Ranking the Top-Paying Wirehouses and Regional Broker-Dealers for Million Dollar Producers

Best-Paying Wirehouses, Regional Broker-Dealers Best-Paying Wirehouses, Regional Broker-Dealers

When it comes to compensation, everyone wants to know where they and their firm stacks up compared to the competition.


Keep in mind, these rankings are based on unavoidably inexact data. Think of them as a rough approximation of starting payouts that don?t apply to all advisors at any particular firm. Individual compensation can vary dramatically, based on the mix of business and policies at each firm. For example, pay can increase from special bonuses and decrease from penalties such as discount sharing, small client limits and changes.


The following assumptions were made to determine advisors? basic pay (prior to special policies/contingent bonuses):


-- 25% in individual stock; 25% in individual bonds; 25% in mutual funds; 25% in fee-based (wrap accounts, managed accounts, etc.).

-- Year-end bonuses are shown in deferred totals.

-- Length of service is assumed to be 10 years.

-- Assumes no growth bonuses, no asset-based bonuses, nor other behavior-based awards.

-- Excludes 401(k) matches or profit-sharing contributions unless otherwise noted.

-- Does not include: T&E expense allowance, discount sharing or ticket charge expense assumptions, small household or small ticket policy assumptions, or value of any options awards.


With those caveats, here?s a closer look at the basic pay rankings for $1 million producers at wirehouses and regional broker-dealers.

13. Wells Fargo 13. Wells Fargo

Cash Grid Earnings: $463,040


Year-End and Deferred Awards: $7,500


Total Compensation: $470,540

12. Merrill Lynch 12. Merrill Lynch

Cash Grid Earnings: $430,000


Year-End and Deferred Awards: $65,000


Total Compensation: $495,000

11. Morgan Stanley Smith Barney 11. Morgan Stanley Smith Barney

Cash Grid Earnings: $440,000


Year-End and Deferred Awards: $60,000


Total Compensation: $500,000

10. Ameriprise 10. Ameriprise

Cash Grid Earnings: $460,000


Year-End and Deferred Awards: $45,000


Total Compensation: $505,000

8T. Wedbush 8T. Wedbush

Cash Grid Earnings: $500,000


Year-End and Deferred Awards: $10,000


Total Compensation: $510,000

8T. Stifel Nicolaus 8T. Stifel Nicolaus

Cash Grid Earnings: $470,000


Year-End and Deferred Awards: $40,000


Total Compensation: $510,000

7. RBC Wealth Management 7. RBC Wealth Management

Cash Grid Earnings: $460,000


Year-End and Deferred Awards: $52,500


Total Compensation: $512,500

6. Hilliard Lyons 6. Hilliard Lyons

Cash Grid Earnings: $467,750


Year-End and Deferred Awards: $45,000


Total Compensation: $512,750

5. Morgan Keegan 5. Morgan Keegan

Cash Grid Earnings: $430,000


Year-End and Deferred Awards: $85,000


Total Compensation: $515,000

4. Janney Montgomery Scott 4. Janney Montgomery Scott

Cash Grid Earnings: $460,000


Year-End and Deferred Awards: $60,000


Total Compensation: $520,000

3. UBS Financial Services 3. UBS Financial Services

Cash Grid Earnings: $437,500


Year-End and Deferred Awards: $87,500


Total Compensation: $525,000

2. Raymond James & Associates 2. Raymond James & Associates

Cash Grid Earnings: $462,500


Year-End and Deferred Awards: $67,500


Total Compensation: $530,000

1. Edward Jones * 1. Edward Jones *

Cash Grid Earnings: $393,750


Year-End and Deferred Awards: $140,600 **


Total Compensation: $534,350


* Average data provided by Edward Jones. Individual FA experience may vary.

** Measured by average office profit.

Also see:

Ranking the Top-Paying Independent Broker-Dealers

Top 40 Financial Advisors Under 40: No. 20 through No. 1

40 Under 40: No. 21 through No. 40

Top 5 Regional Advisors Under 40

Here's a closer look at the compensation rankings for top-producing advisors at the nation's leading wirehouses and regional B-Ds.


Also see:

Ranking the Top-Paying Independent Broker-Dealers

Top 40 Financial Advisors Under 40: No. 20 through No. 1

40 Under 40: No. 21 through No. 40

Top 5 Regional Advisors Under 40

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