For an advisor generating $2 million in production, which firm pays the most?

Our annual analysis of compensation plans at the wirehouse and regional broker-dealers helps elite advisors answer that question by providing the starting points for payouts for $2 million producers. Click through to see how the comp plans stack up now. Or click here to see the slideshow version.

You can see last year's analysis by clicking here.

For a breakdown of other production categories, see the links below.

 

*Includes core (no growth required) annual value from GrowthPlus award= 4.5% ($45,000)

*Average data provided by Edward Jones, individual FA experience may vary

Source: company data; compiled by Tasnady Associates

Note: This 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 nonprofit sharing based. Also excludes voluntary deferral matches, 401k matches or profit sharing contributions unless otherwise noted.