Managers, Advisors Enjoy Comp Boost in 2013

Year-end bonuses are tethered to the tides of the market and the tide was high in 2013. According to a FundFire reader poll and expert interviews, asset managers and financial advisors mostly saw their compensation go up or hold steady compared to last year’s take. Pay bumps for both institutional asset management professionals and financial advisors…

A King of the “Rock”

Larry Fink is one lucky guy.  Fink will take home in excess of $20 million for his Wall Street work last year, when he successfully guided New York’s largest asset-management company, BlackRock. “He’s right at the top. He’ll be north of $20 million — and, of course, BlackRock has done great,” compensation expert Alan Johnson told…

Big Bonuses, but a Shift in Who Gets the Biggest

Wall Street’s senior executives have been holed up in conference rooms across Manhattan the last couple of weeks, locked in tense all-day sessions. The special project: dividing up this year’s spoils as bonus season approaches. Over the last month or two, headlines have speculated that 2013 will turn out to be an excellent one on Wall…

Nearly Half of Fund Pros Expect Bigger Bonus: Poll

Nearly 50% of respondents to a recent Ignites reader survey said they expect a larger bonus for 2013 than they received for 2012, with 43% expecting a moderate increase and 6% predicting a significant increase. The results are as of late afternoon Tuesday, with 437 readers voting. Click here to vote in the ongoing poll. Just 17% said that they expect their…

Wall Street Bonuses Due To Rise 5% To 10%

When Wall Street firms announce their 2013 bonuses in December and January, employees will see an average bump of 5% to 10%, according to a closely watched compensation survey put out by New York compensation consultants Johnson Associates, which releases three Wall Street pay reports a year. To collect its data, the company queried eight…

Wall Street Bonus Outlook Is Mixed Bag

Wall Street’s bonus season should be a good one for those who manage other people’s money. But for many bond traders and merger bankers, 2013 could be a year to forget.  Year-end bonuses among 18 large banks, securities firms and asset managers could rise 5% to 10% this year, paced by higher payouts for asset-management and…