Asset Management Firms
McLagan is the leading provider of compensation consulting and pay and performance data for asset management firms.
In the Americas, we provide asset management firms with:
Annual pay surveys covering all functions (e.g., investments, sales, administration, transfer agency, DC business) and position levels (e.g., CEO through entry-level staff). The quality of these surveys is evidenced by our client list - which includes over 250 organizations including 49 of the top 50 firms (as ranked by Pensions and Investments, 2006.)
A range of proprietary studies focusing on asset management firm financial performance, staffing levels, investment performance, turnover levels, etc.
Compensation consulting assistance related to benchmarking competitive pay level and practices; designing annual, long-term and sales incentive plans; and providing senior management teams and boards of directors with pay advisory services.
We provide asset management firms with three types of consulting assistance.
Benchmarking, with examples of recent projects including:
Identifying competitive portfolio manager incentive plan approaches for a leading institutional manager.
Benchmarking competitive wholesaler pay approaches (e.g., commission payout rates, design features of bonus plans) for a leading mutual fund company.
Identifying current staffing, pay, and business trends for Chief Compliance Officers.
Incentive plan design assistance, with examples of recent projects including:
Re-designed an annual incentive plan for portfolio managers, researchers, and traders in a leading mutual fund company.
Designed annual and long-term incentive plans for an asset management holding company and its affiliates.
Designed a plan for broadening ownership in a small advisory firm.
Designed a phantom stock plan for the investment business of a regional bank.
Designed new wholesaler pay plans for a major mutual fund company.
Designed new institutional sales and relationship manager pay plans for a large global asset management company.
Pay advisory services, which includes:
Providing insight about current business and pay practices to the head of distribution at a major asset management firm.
Helping the CEO of a leading mutual fund company assess various incentive plan alternatives.
Providing year-end pay trend assistance to C-level executives at over 30 leading asset management firms.
Serving as the Board Compensation Consultant for several publicly traded asset management firms.
Complementing our annual pay surveys and ongoing compensation consulting work, we conduct a series of annual studies, including:
Investment Performance & Pay Study: Analyzes the linkage between individual investment performance, revenues, AUM and other performance drivers and portfolio manager compensation.
Asset Management Pay & Business Benchmarking Study: Provides detailed information about business performance, margins, compensation and benefits spending levels, incentive payout rates, staffing levels and staff productivity.
Asset Management Industry Proxy Analysis: Analyzes the annual executive pay disclosures of asset management firms.
Quarterly Financial Benchmarks: Provides detailed analysis of the financial performance of approximately 25 publicly traded and publicly disclosed asset management firms.
