Reports
3rd Quarter 2025
Compensation Trends and Projections November 2025 Johnson Associates projects year-end incentives to be broadly positive across sectors​. Traditional asset management rises on market appreciation. Strong hedge fund inflows and performance. Illiquid alternatives flat to up moderately with fundraising challenges. Investment and commercial banking up across all business units. Geopolitical uncertainties and tariffs linger into year-end…
Read MoreCompensation Benchmarking
Benchmarking pay is increasingly difficult in financial services. We apply informed judgement to turn market data into real insight. September 9, 2025
Read MoreSales Compensation Design
Sales compensation design is rapidly emerging as a top priority for our clients. Explore different market paradigms to understand which structures may be ideal for your firm. September 9, 2025
Read More2nd Quarter 2025
Compensation Trends and Projections August 2025 Johnson Associates projects year-end incentives to vary across sectors. Traditional asset management rises on market recovery. Hedge funds capitalize on volatility and inflows. Fundraising difficult across illiquid alternatives with greater impact on smaller / mid-sized funds. Investment and commercial banking buoyed by trading. Significant concerns remain on geopolitical uncertainty…
Read More2025 Public Financial Services Review
Compensation Disclosures – Key Takeaways June 12, 2025 Johnson Associates analyzed proxy disclosures across financial services firms to understand how pay trends have evolved for year-end 2024. Key takeaways and trends enclosed.
Read More1st Quarter 2025
Compensation Trends and Projections May 2025 2025 incentives for financial services projected to be lower across almost all sectors, with tariffs and geopolitical concerns the biggest wild card. Compensation projected to be higher for equity and fixed income sales & trading. Firm impacts vary wildly.
Read MoreCarried Interest Valuation White Paper (Updated)
Assessing Current and New Methodologies on Valuation; Enhanced Details Documents include White Paper and Carried Interest Valuation Illustration February 2025
Read More3rd Quarter 2024
Compensation Trends and Projections November 2024 Projections: Traditional asset management boosted by market appreciation and active ETF inflows. Hedge funds rise on inflows and strong performance. Investment banking higher led by equities trading and debt underwriting. Small to mid-sized illiquid alternatives flat to up modestly while largest funds up more despite fundraising challenges. Geopolitical issues…
Read More2nd Quarter 2024
Compensation Trends and Projections August 2024 Projections: Traditional asset management boosted by market appreciation and stabilizing flows. Hedge fund incentives rise on inflows and strong performance. Investment banking higher as capital markets activity rebounds from multi-year lows. Illiquid alternatives flat to up modestly despite challenging fundraising. Headcount down 2% – 4% from 2023 across financial…
Read MorePrivate Markets Compensation Challenges and Opportunities
Common Issues and Considerations July 11, 2024 The expansion of private markets has created compensation challenges and opportunities across independent alternatives firms, captive units, traditional asset managers, insurance companies, family offices, and more. This report highlights common issues and considerations in a rapidly evolving sector.
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