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Best-Paying Wirehouses, Regional Broker-Dealers<br><br>
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.
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13. Wells Fargo<br><br>
Cash Grid Earnings: $463,040


Year-End and Deferred Awards: $7,500


Total Compensation: $470,540

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12. Merrill Lynch<br><br>
Cash Grid Earnings: $430,000


Year-End and Deferred Awards: $65,000


Total Compensation: $495,000

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11. Morgan Stanley Smith Barney<br><br>
Cash Grid Earnings: $440,000


Year-End and Deferred Awards: $60,000


Total Compensation: $500,000

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10. Ameriprise<br><br>
Cash Grid Earnings: $460,000


Year-End and Deferred Awards: $45,000


Total Compensation: $505,000

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8T. Wedbush<br><br>
Cash Grid Earnings: $500,000


Year-End and Deferred Awards: $10,000


Total Compensation: $510,000

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8T. Stifel Nicolaus<br><br>
Cash Grid Earnings: $470,000


Year-End and Deferred Awards: $40,000


Total Compensation: $510,000

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7. RBC Wealth Management<br><br>
Cash Grid Earnings: $460,000


Year-End and Deferred Awards: $52,500


Total Compensation: $512,500

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6. Hilliard Lyons<br><br>
Cash Grid Earnings: $467,750


Year-End and Deferred Awards: $45,000


Total Compensation: $512,750

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5. Morgan Keegan<br><br>
Cash Grid Earnings: $430,000


Year-End and Deferred Awards: $85,000


Total Compensation: $515,000

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4. Janney Montgomery Scott<br><br>
Cash Grid Earnings: $460,000


Year-End and Deferred Awards: $60,000


Total Compensation: $520,000

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3. UBS Financial Services<br><br>
Cash Grid Earnings: $437,500


Year-End and Deferred Awards: $87,500


Total Compensation: $525,000

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2. Raymond James & Associates<br><br>
Cash Grid Earnings: $462,500


Year-End and Deferred Awards: $67,500


Total Compensation: $530,000

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1. Edward Jones *<br><br>
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