The World’s Top 10 Highest-Paid Wealth Management Executives, 2022

Top executives in the wealth management industry received increased pay last year owing to the industry’s robust performance. CEOWORLD magazine has ranked the top 10 highest-paid wealth management executives based on their 2022 compensation. The data used for this ranking was gathered from publicly traded companies’ proxies.

In 2022, the CEOs of the top 10 firms in wealth management were paid an average of $27 million.

Although some of the numbers may appear to be high, they refer to the executives who possess considerable control over the strategic direction of the most prominent advisor forces in the industry worldwide.

Discover how the highest-paid executives of the world’s top 10 wealth management firms were compensated. Here are the top 10 wealth management executives who earn the highest salaries globally.

Here is a list of the world’s top 10 highest-paid wealth management executives.

1. Morgan Stanley
   CEO: James Gorman
   2022 total compensation: $39,398,905
   2021: $34,941,635
   2022 vs. 2021: $4,457,270 (increase of 13%)
   Other notable executive compensation: Andy Saperstein, head of wealth management ($22,711,116)
   Median annual total compensation of all employees (other than CEO): $143,794
   CEO pay ratio: 274 to 1
   James P. Gorman was recently ranked No. 1 in a list of the world’s best CEOs for 2023; meanwhile, Morgan Stanley ranked No. 6 in the CEOWORLD magazine’s ranking of the most influential companies in the world.
2. JPMorgan Chase
   CEO: Jamie Dimon
   2022 total compensation: $34,848,606
   2021: $84,428,145
   2022 vs. 2021: -$49,579,539 (decrease of 59%)
   Median annual total compensation of all employees (other than CEO): $88,730
   CEO pay ratio: 393 to 1
   James Dimon was recently ranked No. 35 in a list of the world’s best CEOs for 2023.
3. Bank of America
   CEO: Brian Moynihan
   2022 total compensation: $30,177,503
   2021: $23,729,169
   2022 vs. 2021: $6,448,334 (increase of 27%)
   Brian Thomas Moynihan was recently ranked No. 52 in a list of the world’s best CEOs for 2023.
4. Wells Fargo
   CEO: Charlie Scharf
   2022 total compensation: $24,642,526
   2021: $21,350,906
   2022 vs. 2021: $3,291,620 (increase of 13%)
   Median annual total compensation of all employees (other than CEO): $75,979
   CEO pay ratio: 324 to 1
5. Charles Schwab
   CEO: Walt Bettinger
   2022 total compensation: $24,386,329
   2021: $21,938,404
   2022 vs. 2021: $2,447,925 (increase of 11%)
   Other notable executive compensation: Charles Schwab, co-chairman ($7,902,434)
   Median annual total compensation of all employees (other than CEO): $116,203
   CEO pay ratio: 210 to 1
6. Ameriprise
   CEO: Jim Cracchiolo
   2022 total compensation: $22,847,623
   2021: $21,229,464
   2022 vs. 2021: $1,618,159 (increase of 8%)
   Other notable executive compensation: Joseph Sweeney, president of advice and wealth management products and service delivery ($4,863,917)
   Median annual total compensation of all employees (other than CEO): $125,033
   CEO pay ratio: 183 to 1
7. Edward Jones
   CEO: Penny Pennington
   2022 total compensation: $21,437,004
   2021: $22,567,837
   2022 vs. 2021: -$1,130,833 (decrease of 5%)
   Other notable executive compensation: Kenneth Cella, head of branch development ($18,495,139)
   Median annual total compensation of all employees (other than CEO): $91,384
   CEO pay ratio: 235 to 1
8. Raymond James
   CEO: Paul Reilly
   2022 total compensation: $18,059,116
   2021: $13,901,046
   2022 vs. 2021: $4,158,070 (increase of 30%)
   Other notable executive compensation: Scott Curtis, president of the Private Client Group ( $4,669,804); Tash Elwyn, CEO of Raymond James & Associates ($4,668,891)
   Median annual total compensation of all employees (other than CEO): $114,022
   CEO pay ratio: 158 to 1
9. LPL Financial
   CEO: Dan Arnold
   2022 total compensation: $13,750,390
   2021: $12,875,868
   2022 vs. 2021: $874,522 (increase of 7%)
   Other notable executive compensation: Rich Steinmeier, divisional president of business development: ($3,313,614); Kabir Sethi, chief product officer ($3,937,416)
   Median annual total compensation of all employees (other than CEO): $94,063
   CEO pay ratio: 146 to 1
10. UBS
    CEO: Ralph Hamers
    2022 total compensation: $13,113,755
    2021: $12,562,444
    2022 vs. 2021: $551,311 (increase of 4%)

Have you read?
Wealthiest Sports Owners in the World?
World’s Richest Actors And Their Net Worth.
World Richest Tennis Players And Their Net Worth.
Richest NFL (National Football League) Players.
Top CEOs in Singapore, 2023.
Ready to join the CEOWORLD magazine Executive Council– Find out if you are eligible to apply.