We keep hearing about the need for trust compensation comparison data on trust and wealth management positions. There are many reasons for this need including the need to retain quality people. Unfortunately, many other sources of trust compensation data are woefully lacking. As an answer to the above concerns and as a solution to your need, we offer you Compcompare.
Annually we conduct a Trust Compensation Survey (includes wealth management) that collects information on the following positions:
We collect the following trust compensation data points on these positions:
The Basic Compcompare Report presents trust compensation data points on seven positions and the Comprehensive Compcompare report could present as many as twenty-eight. There are positions that are less common than others and – depending on the survey participants – we may not have adequate data for all the positions. Positions with less than four data points were not reported.
All of the trust compensation data points are adjusted to a common zip code using a cost of living factor. The adjusted data is then adjusted to the primary zip code for your organization. The methodology of equalizing the data to your zip code utilizes a website that has been utilized effectively by our executive search and consulting services for a long period of time. We have found the “adjustments” generally fit the reality that we observe in our practices as a firm.
Basic: $725*
Comprehensive: $1,150*
$1,150*
For more information contact:
Loyd Pohl, CEO
Pohl Consulting and Training, Inc
elpohl@pohlconsulting.com