Most high executives on this trade noticed a pay bump final 12 months, because the wealth administration enterprise continued to expertise sturdy efficiency. For a lot of, wealth administration is usually the intense spot in firm earnings, producing extra constant revenues than different enterprise segments at these companies. Some CEOs, nevertheless, had been affected by “say on pay” guidelines.
Right here, WealthManagement.com ranks the highest executives within the trade by their 2018 compensation, utilizing knowledge from proxies of publicly traded corporations. The place potential, we regarded on the executives in control of the U.S. wealth administration segments at these corporations. To make certain, a few of these executives are now not with their companies. (Terrence P. Laughlin, Financial institution of America’s world wealth head, died unexpectedly final fall. HD Vest’s Bob Oros left the corporate for HighTower Advisors earlier this 12 months. Wells Fargo’s Tim Sloan stepped down from his place in March.) (Editor’s be aware: we do not embody government compensation for UBS as a result of the agency solely discloses that info for its world CEO, Sergio Ermotti, who’s fairly far-removed from advisors.)
A few of these numbers could appear excessive, however these are the execs with a big quantity of management over the strategic course of a few of the largest advisor forces within the trade.