Partner Eric Hosken was quoted in Financial Advisor IQ discussing CEO pay at IBDs (investment banking divisions), RIAs (registered investment advisors), and bank-tied wealth managers. In the article, Eric discusses that many leaders of independent broker-dealers in 2023 saw pay bumps in line with their companies’ stock performance, while bank-tied wealth managers largely reported declines in total compensation for their CEOs.

Partner Eric Hosken explains that the diversity and inclusion metrics factored into CEOs’ 2020 compensation at large banks remain relatively opaque. He notes that the banks currently disclose qualitative measurements and will likely face more pressure from external groups to link their rates of progress to CEO pay once hard numbers are disclosed.