Every year we take on the enormous project of making sense of the major firms' pay structures for their financial advisors.
This year in our cover story, we see UBS taking the top spot at the $1 million and $600,000 producer levels among the four wirehouses. Raymond James grabbed the lead among the regionals at the highest level, with Janney Montgomery Scott on its heels. And, for the first time we've included Southwest Securities on our list of company grids, although not in our comparative charts. As always, it's a challenge, comparing apples and oranges. However, with the help of compensation expert Andy Tasnady, we believe we do a credible job. This year in our compensation story, senior editor Lorie Konish takes a look at an emerging trend—compensating teams. More attention and more rewards are being proffered by firms to high-producing teams often giving lower producers a way to augment their income.
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