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Monetary Planning continues its annual evaluation of base pay for advisors by payout charges for these with $400,000 in manufacturing in 2023.
Scroll by way of to see the place every agency stacks up.
To see final yr’s information, please click on right here. To see what business specialists count on in advisor pay this yr, click on right here.
That is the primary a part of our four-part annual survey. Pay comparisons at different manufacturing ranges within the survey embody:
– Pay for the $600k producer
– Pay for the $1 million producer
– Pay for the $2 million producer
Knowledge was collected by Arizent and evaluation performed by compensation marketing consultant Andy Tasnady and his agency, Tasnady & Associates.
A word about this yr’s evaluation: Plenty of particular insurance policies are usually not included as a result of they don’t have an effect on 100% of the advisor inhabitants evenly and due to this fact are too variable to match. Particular person outcomes can range dramatically based mostly on the combination of enterprise and insurance policies at every agency. For instance, pay can improve from particular bonuses and fall from penalties equivalent to low cost sharing, small shopper limits and ticket costs.
Assumptions for primary pay (previous to particular insurance policies/contingent bonuses):
- 25% in particular person shares; 25% in particular person bonds; 25% in mutual funds; 25% in fee-based (wrap accounts, managed accounts, and many others.)
- 12 months-end primary bonuses are proven in deferred totals.
- Size of service is assumed to be 10 years.
- Assumes no impacts from bonuses based mostly on development, asset-based bonuses or different behavior-based awards.
- Excludes voluntary deferral matches, 401(ok) matches or profit-sharing contributions, except in any other case famous.
- Doesn’t embody: T&E expense allowance, low cost sharing or ticket cost expense assumptions, small family or small ticket coverage assumptions, or worth of any choices awards.
*All information is supplied by the businesses featured and compiled by Arizent, with evaluation by Tasnady & Associates. Knowledge from Edward Jones is common information, particular person FA expertise could range.
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