2024 RIA Compensation Report

Schwab’s RIA Compensation Report reflects responses from Schwab’s 2024 RIA Benchmarking Study, the largest study of its kind, and offers a comprehensive look at compensation practices in the independent RIA industry.
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Key findings

Despite digital adoption and tech enhancements reaching unprecedented levels, this year's Compensation Report underscores what we already know: talent is a firm’s most important asset.
RIA leaders are reshaping the Employee Value Proposition to look beyond traditional compensation toward benefits like performance-based incentives and equity opportunities, with a focus on attracting, inspiring, and retaining the next generation of talent.

View findings

About the report

Schwab’s RIA Compensation Report reflects responses from Schwab’s 2024 RIA Benchmarking Study and is the largest study of its kind. The compensation findings help firms develop, adjust, and evolve their compensation structure to support their talent strategy and evaluate how they compare with peers. 1,055 firms participated in the compensation portion of the 2024 study, representing 81% of those that participated overall. Data was collected from January to March 2024 on over 15,000 employees across 27 roles typically found at RIAs.

Media Contact: Kristin Meza