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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. portion of the study in 2020, Key Report highlights: representing three-quarters of 2019 Compensation costs are 74% of a firm's expenses. those who participated in the The competition for talent is growing: 75% of firms overall study (1,010 firms).

Compensation costs include salaries, bonuses, benefits, payroll taxes, and profit distri butions. Past performance is not an indicator of future results. 2020 RIA Benchmarking Study from Charles Schwab, fielded January to early April 2020. Study contains self -reported data from 1,010 firms.

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