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Schwab RIA Compensation Report

Advisor Services Schwab RIA. Compensation Report An addendum to Schwab 's 2020. RIA Benchmarking Study Media Contact: Meredith Richard Charles Schwab Public Relations Introduction Schwab 's RIA Compensation Report reflects responses from Schwab 's 2020 RIA Benchmarking Study, the largest study of its kind, and offers a comprehensive look at Compensation practices in the independent financial advice industry in 2019. Schwab 's RIA Benchmarking The Compensation findings enable firms to evaluate Study is the leading study how their approach to employee Compensation , incentives, in the industry 761 firms benefits, and firm ownership compares with that of participated in the Compensation their peers.

The competition for talent is growing: 75% of firms hired staff in 2019, and 39% of firms recruited employees from other RIAs. 1 Median total cash compensation across all roles increased 4% from 2018 to 2019. Over three-quarters (77%) of firms compensated staff with performance -based incentive pay in 2019.

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