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1. James P. Gorman, Morgan Stanley
Copyright Andrew Burton, Getty Images
Title: Chairman and CEO
Total Direct Compensation: $28,168,639
Salary: $1,500,000
Annual Cash Incentive Awards: $6,875,000
Long-term Incentive Awards: $19,748,977
Change from 2017: Up 15%
2. Jim Cracchiolo, Ameriprise Financial
Title: Chairman and CEO
Total Direct Compensation: $22,310,000
Salary: $1,025,000
Annual Cash Incentive Awards: $6,386,000
Long-term Incentive Awards: $14,899,000
Change from 2017: Down by 23%
3. Timothy Sloan, Formerly with Wells Fargo
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Title: Former CEO and President
Total Direct Compensation: $18,400,000
Salary: $2,400,000
Annual Cash Incentive Awards: $2,000,000
Long-term Incentive Awards: $14,000,000
Change from 2017: Up 6%
4. Terrence P. Laughlin, Bank of America Merrill Lynch
Title: Former Vice Chairman and Head of Global Wealth & Investment Management (He died unexpectedly in October 2018.)
Total Direct Compensation: $17,796,226
Salary: $833,333
Annual Cash Incentive Awards: $11,250,000
Long-term Incentive Awards: $5,670,360
Change from 2017: Up 60%
5. Walter W. Bettinger II, Charles Schwab
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Title: President and CEO
Total Direct Compensation: $15,627,607
Salary: $1,275,000
Annual Cash Incentive Awards: $5,335,875
Long-term Incentive Awards: $9,000,000
Change from 2017: Up 9%
6. Paul Reilly, Raymond James
Title: Chairman and CEO
Total Direct Compensation: $12,453,375
Salary: $500,000
Annual Cash Incentive Awards: $5,500,043
Long-term Incentive Awards: $6,453,332
Change from 2017: Up 12%
7. Ruediger Adolf, Focus Financial Partners
Title: CEO and Chairman
Total Direct Compensation: $11,637,251
Salary: $831,960
Annual Cash Incentive Awards: $2,789,875
Long-term Incentive Awards: $8,015,416
Change from 2017: Salary up 11%, Equity Compensation up 531% (due to IPO)
8. Dan H. Arnold, LPL Financial
Title: President, CEO
Total Direct Compensation: $7,128,351
Salary: $800,000
Annual Cash Incentive Awards: $2,430,000
Long-term Incentive Awards: $3,868,623
Change from 2017: Down 4%
9. Ronald J. Kruszewski, Stifel Financial
Title: Chairman and CEO
Total Direct Compensation: $5,287,305
Salary: $200,000
Annual Cash Incentive Awards: $4,020,761
Long-term Incentive Awards: $1,000,000
Change from 2017: Down 60%
10. Judson Bergman, Envestnet
Photo by Samuel Steinberger
Title: CEO & Chairman
Total Direct Compensation: $4,200,366
Salary: $600,000
Annual Cash Incentive Awards: $700,000
Long-term Incentive Awards: $2,869,369
Change from 2017: Up 69%
11. Thomas A. Nally, TD Ameritrade Institutional
Title: EVP, Institutional Services
Total Direct Compensation: $3,521,305
Salary: $500,000
Annual Cash Incentive Awards: $1,460,925
Long-term Incentive Awards: $1,539,596
Change from 2017: Up 31%
13. Richard J. Lampen, Ladenburg Thalmann
Title: Chairman, President and CEO
Total Direct Compensation: $3,115,271
Salary: $250,000
Annual Cash Incentive Awards: $1,775,000
Long-term Incentive Awards: $1,043,250
Change from 2017: Up 24%
12. Robert D. Oros, formerly with HD Vest
Title: Former CEO
Total Direct Compensation: $1,464,473
Salary: $389,713
Annual Cash Incentive Awards: $0
Long-term Incentive Awards: $955,026
Change from 2017: Down by a third
