On Wall Street continues its annual analysis of compensation plans, looking at the starting points for payouts at the leading wealth management firms. This latest report focuses on the $600,000 producer category. To see the slideshow version, click here.
And you can see this year's analysis for the $400,000 producer by clicking here.
*Average data provided by Ed Jones, individual FA experience may vary
Source: company data; compiled by Tasnady Associates
Note: Our analysis represents starting points for payouts. A number of special policies are not included here since they do not affect 100% of the advisor population evenly and therefore are more haphazard to compare. Individual results can vary dramatically, based on the mix of business and policies at each firm. For example, pay can rise from special bonuses and fall from penalties such as discount sharing, small client limits, and ticket charges
Assumptions for Basic Pay: 25% in individual stocks; 25% in individual bonds; 25% in mutual funds; 25% in fee-based (wrap accounts, managed accounts, etc.); length of service is assumed to be 10 years. Assumes no bonuses from growth, nor asset-based bonuses, or other behavior-based awards. Optional potential voluntary deferral calculations assume 25% of pay voluntary contribution amount. Company matches on optional voluntary deferral programs limited to non-profit sharing based. Also excludes voluntary deferral matches, 401k matches or profit sharing contributions unless otherwise noted.