Each year Financial Planning’s parent company, Arizent, invites leading investment firms to submit their advisor compensation data then enlists the independent consulting services of Tasnady Associates to provide the analysis of base pay for financial advisors. Their report provided payout rates at four levels of production, $2M, $1M, $600K and $400K and broke out the firms into two segment types – wirehouse or national and regional broker-dealer. Again this year, Edward Jones ranked #1 in production levels ($2M, $1M and $600K) and #2 at the $400K level – across both national and regional broker-dealer and wirehouse firms.
This outstanding ranking is commensurate with our firm’s entrepreneurial business model allowing our financial advisors to build their businesses their way.
“At Edward Jones, you run your own office, set your own goals and partner with clients on achieving their financial and life goals – and your compensation will reflect your success in those efforts.”
-Ken Cella, Principal, Branch Development
In addition to providing our financial advisors with the autonomy to set their own goals, Edward Jones also rewards our financial advisors as they earn them. Bonuses are not deferred and paid at year end; instead, they are paid every trimester.
Competitively speaking, Edward Jones has one of the top compensation structures in the industry.
See how Edward Jones compares (PDF)
Important Information:
To help advisors make sense of it all, Financial Planning presents this annual analysis of core compensation components at wirehouses, national and regional broker-dealers. Company data compiled by Arizent; analysis by Tasnady & Associates. Data as of December 2022. Source: Financial-planning.com (May 2023). Neither Financial Planning, Arizent, nor Tasnady & Associates receive compensation in exchange for placement on the ranking but provided for using the rating.
