US FSS: Wealth Management

Plan ahead with a competitive compensation strategy

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US FSS: Financial Services Suite – Trust and Private Banking image

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Planning ahead in the wealth management sector is difficult under any circumstances, let alone during a global pandemic. Customers are shifting their financial strategies, technology is changing the way things are done, and everyone is facing a culture shift as remote working takes shape. Now as your company moves ahead, having a strategic and competitive pay strategy becomes increasingly important in attracting and motivating the employees you need.

Confidently make compensation decisions for your employees with the US FSS: Wealth Management module. Get the critical insights you need by benchmarking your compensation strategy against data collected from 76 organizations for jobs across 14 position families.

Analyze by:

  • Base pay
  • Long-term incentives
  • Pay/employment policies
  • Pay range minimums and maximums
  • Sales incentive targets
  • And much more

Current, reliable data
In light of the economic and workforce changes brought on by the COVID-19 pandemic, Mercer conducted a “data refresh” in August to address any market movement that occurred after the initial survey participation period. You will receive the results of the refresh free with your purchase.

This added step to ensure you have access to the most current, reliable data means you can move forward confidently with your pay decisions knowing that your data accurately reflect the market.

Are you ready to enhance your compensation strategy?

Participation open: March – May

Results publish: August


2020 results available

  • 39 positions published
  • USD 1,500 – 4,500
Buy now!

Sample report

Position list

Download product snapshot

  • Product Details
  • 2021 Survey Participation
  • Pricing / Buy Now
  • Survey Schedule
  • Participating Companies
  • Position List & Sample Report

Product Details

Survey Statistics

  • # Positions Surveyed: 1,092
  • # Positions Published: 39
  • # Organizations: 76
  • # Observations: 10,806

Based on data from the 2020 US FSS: Financial Services Suite – Wealth Management survey. Data minimum and suppression rules account for the difference between the number of positions surveyed and published.

Data Collected

  • Base Pay
  • Long-term Incentives
  • Organization Data
  • Pay/Employment Policies
  • Pay Range Minimums and Maximums
  • Sales Incentive Eligibility and Amounts
  • Sales Incentive Targets
  • Short-term Incentive Eligibility and Amounts
  • Short-term Incentive Thresholds, Targets, and Maximums

Data Analyzed

Types of Industry

  • Commercial Bank
  • Credit Union
  • Diversified Financial
  • Investment/Trust Management
  • Thrift

Analyzed By

  • Assets
  • Industry Type
  • Location
  • Revenue/Sales
  • Total Employment

Position Families Analyzed

  • Custody/Institutional
  • Employee Benefits Trust
  • Executive
  • Personal Investment
  • Personal Trusts & Estates
  • Private Banking Business Development
  • Private Banking Relationship Management
  • Retirement Plan Services
  • Trust Asset Administration
  • Trust Business Development
  • Trust Investment
  • Trust Operations
  • Trust Tax
  • Wealth Management

This survey is powered by Mercer Job Library. Learn more or view Mercer Job Library FAQs for more details. Survey results are delivered in Mercer WIN® , giving you access to the data through a variety of customizable parameters.

2021 Survey Participation

Data Submission Tools

Participate Online
Job Matching Booklet

Survey participation is open to all organizations with matching jobs. To participate, click the ‘participate now’ link above and follow the steps provided. Rest assured that the importance of your data security is not taken lightly at Mercer, so we take the utmost precautions to protect it.

What's new in 2021

Data for this survey will be collected through Mercer Data Connector, an innovative online platform created to simplify the participation process with easy data importing, real-time data validation, and more.

Why should you participate?

  • Align your pay to the market.
  • Maximize your budget by making informed decisions to ensure you are not overpaying or underpaying.
  • Identify “hot jobs” and areas of focus for your company.
  • Secure a significant discount on survey results.
  • Receive invitations to exclusive participant-only events.

2021 survey schedule

  • Participation opens: March 1
  • Participation closes: May 14
  • Results available: August

Note: we will not extend participation past the close date. Please contact us to learn more about our participation services to ensure you meet the deadline.


Participation Webinar

Attend a participation webinar or watch a recording to better understand the submission process and the survey data that is collected.

US Webinars & Events

2021 survey pricing

Product Participant Non-Participant
US FSS: Wealth Management USD $1,600 USD $4,800

Pricing

Version Participant Non-Participant
2020 US FSS: Financial Services Suite — Wealth Management USD 1,500 USD 4,500

Buy Now

US FSS: Wealth Management

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Please note:

  • Additional users may be added during checkout for USD 200 each per module/survey.
  • Individuals or companies using Mercer data for consulting services or commercial purposes are subject to different rates. Please call for more information.
  • 2020 results are available for purchase and will be delivered upon survey release (late August).

Survey Schedule

  • Participation open: March 1
  • Participation deadline: May 14
  • Date Effective: March 1
  • Results publish: August

Participating Companies

View a list of the participating companies included in the US FSS: Wealth Management here.

Position List & Sample Report

Position List

View the position list and descriptions included in this survey.

Sample Report

View a sample report of this survey for a glimpse at what’s included.

  • IsOrderingSetYes
  • Ordering TypeSingleLevelMultiSelection
  • RegionUS
  • Sub Title Plan ahead with a competitive compensation strategy
  • Short DescriptionCompensation data for positions common to trust & private banking organizations.

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