2023 RIA Compensation Report

Schwab’s RIA Compensation Report reflects responses from Schwab’s 2023 RIA Benchmarking Study, the largest study of its kind, and offers a comprehensive look at compensation practices in the independent RIA industry.

Key Findings

Talent is a differentiator, helping to drive growth and long-term success. As people are a firm's most important asset and largest investment, it's vital to unlock employees' potential, reward staff, and develop the next generation of leaders.
Talent—recruiting new and developing existing staff—is top of mind for RIAs.
An impactful employee value proposition is essential to attract new talent and keep existing staff growing and thriving.
Building an inclusive workplace is smart for business.

View the findings

About the report

Schwab Advisor Services’ RIA Compensation Report reflects responses from the annual RIA Benchmarking Study and offers a comprehensive look at compensation practices in the independent financial advice industry. A total of 1,044 firms participated in the compensation portion, representing 80% of those who participated in the overall study. Data was collected from January to March 2023 on over 14,500 employees across 27 roles typically found at RIAs.

For inquiries, please email Schwab Public Relations