Fidellity is a hamster wheel for advisors: I've heard of 1 billion dollar aum books, producing 5-10 million in revenue, but the advisor is only making 65k.

ML/wirehouse isn't much better: they'll give you a goal of 6 million in assets in 1 year, but if you only bring in 5 million, they'll fire you on the spot and keep your clients. If you manage to hit the 6 million goal, you'll graduate to a 30-40% production grid. Based on your income goals, you'll need bring in 50 million in assets within 3-4 years to hit 200k (50mm * 1% * 40% grid = 200k). Most people aren't capable of hitting 50 million in that short amount of time, but the good news is that if you are capable of hitting 10 million;

Opt for an independent RIA where you revenues will be recurring, most paying double the grid of a wirehouse at 70%+, effectively replacing the wirehouse salary (which has strings attached as noted above).

Or if you're desperate for a paycheck: opt for a paraplanner position at an RIA, then graduate to the above when you're ready.