Slideshow Best pay for the $600K advisor

Published
  • April 25 2018, 11:55am EDT
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Best pay for the $600K advisor

Where's the best payout for an advisor generating $600,000 in annual revenue?

On Wall Street's annual analysis aims to answer that question, providing a look at the starting payouts at wirehouse, regional and national brokerage firms for advisors at four different production levels. Our analysis is intended to provide advisors with an apples-to-apples comparison, stripping out behavior bonuses and penalties, in order to provide advisors with as clear-eyed a look as possible.

Scroll through to see this year's analysis of the $600,000 category.

Click here to see our analysis of the $400,000 category

Data was collected by SourceMedia and analysis conducted by Tasnady & Associates.

A number of special policies are not included here since they do not affect 100% of the 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 (prior to special policies/contingent bonuses):
  • 25% in individual stocks; 25% in individual bonds, 25% in mutual funds; 25% in fee-based (wrap accounts, managed accounts, etc.)
  • Year-end basic bonuses are shown in deferred totals.
  • Length of service is assumed to be 10 years.
  • Assumes no bonuses from growth, nor asset-based bonuses, or other behavior-based awards.
Also excludes voluntary deferral matches, 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.

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