Wealth management firms are offering big compensation packages this year, rewarding the industrys biggest producers. But the rewards come as firms push their advisors to sell even more. The wirehouses and regionals are also putting more incentives in place for advisors to operate in teams and to work with bigger and bigger accounts. Advisors who grow their books, however, will be richly rewarded.
Here are the best comp plans by firm, and how they break down, if you are a $600K producing advisor.
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.*Analysis represents starting points for payouts. A number of special policies are not included here because they do not evenly affect 100% of the advisor population. Individual results may vary dramatically: for example, pay can rise from special bonuses on the mix of business and policies at each firm.
Data provided by the companies and compiled by Andy Tasnady, managing partner of Tasnady & Associates LLC.