Family wealth advisers reaping higher salaries as clients' returns surge
Rebound largely attributed to better equity performance and improved returns due to allocation shifts
Wed, Sep 13, 2017 - 5:50 AM
UBS, the world's largest wealth manager, is competing with banks including cross-town rival Credit Suisse Group to lure the very wealthy to manage part of their riches. In the first half of 2017, the Swiss bank managed 831 billion francs of ultra-high-net worth money.
AS the number of ultra-high-net worth people swells, so too does the pay for those who oversee their assets.
C-suite pay at family offices, firms that manage the wealth of the very rich, is surging, according to a report by UBS Group and researcher Campden Wealth. The average base salary...