Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:How Much Do Employees Cost Asset Managers? Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, October 12, 2010

How Much Do Employees Cost Asset Managers?

News summary by MFWire's editors

Fundsters interested in questions of compensation and benefits, particularly at publicly traded firms in the business, may want to take a look at this morning's edition of the Wall Street Journal. Stephen Grocer, Aaron Lucchetti and Liz Rappaport present the WSJ's own study on pay on Wall Street.

The study includes 35 publicly traded firms, including at least 19 with mutual fund arms. Of those in the mutual fund business, broker-dealer Raymond James (parent of Eagle Asset Management [see profile] is expected to devote the highest percentage (68.2 percent) of its revenue this year to compensation and benefits. And Waddell & Reed (parent of Ivy Funds [see profile]) came out with the lowest expected revenue percentage (13.2 percent) for pay this year.

Other mutual fund firms (or parents) highlighted in the article or its accompanying interactive graphics include:
  • AllianceBernstein [see profile] is expected to spend 44.7 percent of revenue this year on compensation and benefits,
  • 27.6 percent for Ameriprise (parent of Columbia Management [see profile],
  • 29.5 percent for Artio Global Investors [see profile],
  • 36.8 percent for BlackRock [see profile],
  • 38.6 percent for Charles Schwab [see profile],
  • 32.1 percent for Eaton Vance [see profile],
  • 26.9 percent for Federated Investors [see profile],
  • 18.6 percent for Franklin Resources [see profile],
  • 42.5 percent for GAMCO [see profile],
  • 43.0 percent for Goldman Sachs [see profile],
  • 43.6 percent for Invesco [see profile],
  • 32.0 percent for Janus [see profile],
  • 28.2 percent for JPMorgan [see profile],
  • 63.7 percent for Lazard see profile],
  • 39.5 percent for Legg Mason [see profile], '
  • 29.8 percent for SEI [see profile]
  • and 37.3 percent for T. Rowe Price [see profile]. 

    Edited by: Neil Anderson, Managing Editor


    Stay ahead of the news ... Sign up for our email alerts now
    CLICK HERE

  • 5.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2024: Q4Q3Q2Q1
    2023: Q4Q3Q2Q1
    2022: Q4Q3Q2Q1
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly




    ©All rights reserved to InvestmentWires, Inc. 1997-2024
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use