Comp Plans: How to Win & Retain Top Talent | OnWallStreet by Maddy Perkins

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As competition for talent increases, the best way for RIA firms to hold on to top-tier employees is to make it worth their while.

Implementing a smart compensation plan can pay off big when it comes to winning — and keeping – top talent, according to Schwab’s 2014 RIA Benchmarking Study which highlights three major steps firms can take to motivate employees across all levels.

According to Schwab, the data represents the largest study of its kind with roughly 900 RIA firms representing almost 8,000 employees across 21 positions responding to the survey.

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