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Asset Management

Asset management provides millions of people globally with the ability to invest in capital markets, including personal assets and assets managed on their behalf through retirement and related investment accounts. We support all major areas within the sector, covering both traditional and alternative asset management firms.

Global Scale, Local Expertise

Our asset management compensation survey suite covers over 700 organizations and corporate plan sponsors that manage money on behalf of retail and institutional investors. Our survey coverage includes Europe, Latin America, the Middle East, and North America and are supported by local consultants in each of these regions.


700+
Asset Management Firms Represented


200+
Alternative Asset Management Firms Represented


49 / 50
Top Asset Management Firms with Results in U.S.


48 / 50
Top Asset Management Firms with Results in U.K.

Investment Management Compensation Survey

The investment management industry encompasses a large and diverse population of organizations that manage client assets across institutional, retail / intermediary, insurance general account, and high net worth channels. Our annual compensation survey covers the traditional asset management business for the industry’s leading advisory firms, banks, and insurance companies. This survey also provides coverage for certain institutional investors / asset owners, e.g., corporate pension funds. Our compensation surveys collect data by function, specialization, and asset class.

The roles we cover include:

  • Multi Asset Class
  • Portfolio Management: Covering all major asset classes
  • Product Specialists
  • Research: Covering all major asset classes
  • Trading: Covering all major asset classes

This survey is conducted in the Asia Pacific, Canada, Europe, Latin America, the Middle East, the United Kingdom, and the United States.

Investment Product Sales & Marketing Compensation Survey

This survey covers the functional areas and roles that support the distribution segment within traditional asset management firms. This includes sales and marketing professionals that promote and sell the firm’s investment products, i.e., mutual funds, separate accounts, ETFs, through retail / intermediary channels and institutional channels covering client segments such as pension funds, corporate plan sponsors, and endowments & foundations.

The roles we cover include:

  • Consultant Relations
  • Copywriting
  • External & Internal Wholesalers
  • Institutional Sales
  • Key Accounts/National Accounts
  • Marketing

This survey is conducted in the Asia Pacific, Canada, Europe, Latin America, the Middle East, the United Kingdom, and the United States.

Management & Administration Compensation Survey

This survey covers executive management and support functions dedicated to the asset management business. For organizations that are captive within a broader financial services firm, i.e., bank, insurance company, plan sponsor, the survey benchmarks collected are specific to the incumbents that are embedded within the investment management business / division.

The roles we cover include:

  • Compliance
  • Finance
  • Human Resources
  • Legal
  • Securities Operations

This survey is conducted exclusively in the United Kingdom and the United States. In Canada data for support functions are collected within the Investment Management Survey. Across Europe, excluding the United Kingdom, and the Asia Pacific these functions are covered in our Infrastructure Compensation Surveys.

Asset Consulting Compensation Survey

This survey covers the full spectrum of positions within businesses that specialize in asset consulting. Participants in this survey advise institutional clients on investment policy, strategic asset allocation, and risk guidelines. Additionally, these firms assist their clients with manager evaluation, performance measurement, and risk monitoring. In some cases, participants also manage client assets through a customized investment solution or an outsourced chief investment officer (OCIO) agreement. For asset consulting businesses within a broader organization, this survey covers only staff dedicated to the asset consulting business.

The roles we cover include:

  • Client Service
  • Consulting
  • Finance & Accounting
  • Manager Research & Investment Strategy
  • Operations & Reporting
  • Overall Management

This survey is conducted only in the United States.

Endowment & Foundation Investment Management Compensation Survey

This survey covers investment and investment support positions within educational endowments and foundations. Investment professionals within these organizations are responsible for managing the organizations’ long-term investible assets, recommending and / or selecting investment managers, performance monitoring, and portfolio risk management. While the investment committee or board often have final sign-off, staff are also responsible for asset allocation and investment policy. Data are collected both by level and investment / asset class specialization. Support and administrative staff dedicated to the investment function are also covered in this survey.

The roles we cover include:

  • Investment Accounting
  • Investment Management
  • Investment Performance Analysis
  • Investment Operations
  • Overall Management
  • Risk Management / Investment Strategy

This survey is conducted only in the United States. Non-U.S. endowments and foundations participate in their region’s primary Investment Management Survey.

Public Fund Compensation Survey with the Pension Fund Data Exchange

Partnering with the Pension Fund Data Exchange (PFDE), we conduct an annual compensation survey of U.S. public pension funds. The survey covers salary and, where applicable, performance-based incentive compensation. These funds are responsible for investing and in most cases, administering their state, county, and / or municipal defined benefit program. Investment positions cover both direct security selection and manager selection, e.g., manager-of-manager. Asset class and investment specializations, e.g., equity, hedge fund, are also collected. Additionally, this survey covers a full spectrum of investment support, investment operations, and plan administration positions.

The roles we cover include:

  • Corporate Governance
  • Customer Service
  • Equity and Fixed Income Portfolio Managers (direct security selection)
  • Investment Research
  • Manager-of-Manager Investment Professionals
  • Member / Retiree Communications
  • Overall Management
  • Plan Administration
  • Trading

This survey is conducted only in the United States. Non-U.S. public pension plans participate in their region’s primary Investment Management Survey.

Mutual Fund Administration Compensation Survey

This survey covers the functional areas that support the administration of a firm’s mutual funds and related investment products. It also covers staff that manage the relationships with third-party administrators for firms that outsource fund administration.

The roles we cover include:

  • Correspondence
  • Mutual Fund Accounting
  • Mutual Fund Compliance
  • Third-Party Mutual Fund Administration
  • Transfer Agency Associates

Retirement Plan Services Compensation Survey

This survey covers multiple areas within the retirement business:

  1. Sales and marketing roles responsible for attracting and retaining retirement assets and / or record-keeping services predominantly covering defined contribution plans
  2. Executive management and support areas servicing existing clients that use a firm’s record-keeping services

Data are collected separately for sales professionals focused on selling investment-only (IO) products versus sales reps that sell a firm’s record-keeping services and / or bundled offerings, such as record-keeping and investments.

The roles we cover include:

  • DC Institutional Direct Sales
  • External and Internal Retirement-Focused Wholesalers
  • Operations
  • Plan Administration
  • Relationship Management

This survey is conducted only in the United States.

Alternative Asset Management Infrastructure and Sales Compensation Survey

This survey covers many roles across the C-suite, IR/sales and the various support functions dedicated to hedge funds, hedge fund of funds, private equity firms, alternative credit boutiques and real estate investment managers. This survey segments pay data by industry type, assets under management, incumbent location, total headcount and the business line supported.

The roles we cover include:

  • Compliance
  • Finance and Accounting
  • Human Resources
  • Information Technology
  • Investor Relations: Capital Raising and Relationship Management
  • Legal
  • Trading Operations

This survey is conducted in the Asia Pacific, Canada, Europe, the United Kingdom, and the United States.

Hedge Fund Investment Compensation Survey

Our hedge fund investments survey includes data from over 65 boutique funds. This survey covers all levels from junior to senior staff across all asset types, including equity L / S, fixed income, global macro, and credit / distressed. This survey segments results by a firm’s assets under management, total headcount, and fund performance.

The roles we cover include:

  • Front-Office Investment Systems
  • Portfolio Management: Covering all major asset classes
  • Quantitative Strategies
  • Research: Covering all major asset classes
  • Trading

This survey is conducted in Hong Kong, Singapore, the United Kingdom, and the United States.

Private Equity Compensation Survey

The private equity survey includes information on a wide range of firms, including the world’s leading alternative asset managers, mid-sized private equity firms, and captive businesses within larger financial services companies. Our compensation survey collects data for portfolio company operating professionals and investment staff by asset class, including:

  • Buyout
  • Co-Investments
  • Fund of Funds
  • Growth Equity
  • Infrastructure
  • Secondary Investments
  • Venture Capital

This survey is conducted in the Asia Pacific, Canada, Europe, the Middle East, the United Kingdom, and the United States.

Alternative Credit Compensation Survey

Alternative credit is a rapidly growing industry with a wide range of products and services. The survey covering the alternative credit industry includes information from boutique credit organizations, hedge funds, mid-market lenders, and leading alternative asset managers. Our compensation survey collects data by function, specialization, and asset class.

The roles we cover include:

  • Credit Research
  • Execution Trading
  • Investments, such as Distressed Debt, Direct Lending, and Structured Products
  • Structured Product Engineering
  • Underwriting / Portfolio Analysis

This survey is conducted in the United Kingdom and the United States.

Hedge Fund of Funds Compensation Survey

This survey includes data from over 40 boutique hedge fund of funds as well as captive hedge fund of fund businesses that are part of a larger traditional asset manager or bank.

The roles we cover include:

  • Investment Strategy / Asset Allocation
  • Operational Risk / Due Diligence
  • Portfolio Management / Investment Analysis

This survey is conducted in the United Kingdom and the United States.

Real Estate Investment Management Compensation Survey Compensation Survey

The real estate investment management survey includes data from over 85 real estate boutiques and captive real estate businesses that are part of a larger asset manager, bank, or insurance company. This survey collects data by function, specialization, and asset class from the most junior roles to the most senior management roles. Survey data is segmented by a firm’s global assets under management, global headcount, and location.

The roles we cover include:

  • Asset Management
  • Portfolio Management
  • Transactions / Acquisitions

This survey is conducted in the Asia Pacific, Canada, Europe, the United Kingdom, and the United States.

Real Estate Investment Trust Compensation Survey

Our real estate investment trust survey covers 20 functions and includes over 30 equity REITs. This survey collects data by function, specialization, and asset class.

The roles we cover include:

  • Asset Management
  • Property Development
  • Property Management
  • Transactions / Acquisitions

This survey is conducted in the United States and the United States.

Rewards Advisory Solutions for Asset Management Firms

Our team provides a wide range of advisory solutions, including compensation committee and management advisory, competitive pay level analysis, annual and long-term incentive plan design including sales commission and carried interest plans, total rewards philosophy and assessment, and pay for performance measurement. Given our broad financial services coverage and focused asset management industry expertise, we provide our clients with regulatory advice to navigate the dynamic industry.

To learn more about our firm's advisory services, please click here.

Moving Beyond Pay: Market Intelligence and Insights

Beyond compensation surveys, McLagan offers a broad range of Market Practice Studies throughout the year. These studies provide clients with the deep industry knowledge and insights needed to maintain competitive position, drive organizational change, execute long-term business strategies and drive results.  Some of our Market Practice Studies specific to asset management and alternative asset management firms include:

  • Alternative Credit Pay Practices
  • Asset Management Proxy Disclosures: Executive and Board Compensation
  • Benefits and Perquisites
  • Business Insights: Expenses and Staffing
  • Carried Interest
  • Cost Effectiveness in Alternative Asset Management
  • Hedge Fund Business Insights
  • Long-term Incentive Plan and Mutual Fund Deferral Study
  • MBA / BA Policies and Pay Practices Study
  • Turnover Study
  • Performance Intelligence Study / Pay & Business Benchmarking
  • PMs and Investment Teams: Paying for Performance
  • Program Analyst / Associate Study
  • Private Equity Pay Practices Study
  • Diversity Study

Additionally, we have a variety of Sales Incentive Plan Studies that cover various channels and market segments across traditional and alternative asset management firms.

To learn more about McLagan Market Practice Studies, please click here.

Survey Pricing, Access, and Support

Fees for McLagan compensation surveys vary based on size of firm, geographic footprint, and number of incumbents matched.

Survey purchases include 24/7 access to the McLagan Online client portal. This puts survey results and insights in reach at all times.

All survey clients are assigned a dedicated Relationship Manager to provide benchmarking support during the survey input, position and employee level analysis, and access to webinars and roundtables where clients receive the latest in hot topics in the market and networking opportunities with industry peers. We provide a variety of rewards and compensation advisory solutions to assist clients with their compensation, performance, and talent strategies.