Pay has fallen for fundster leaders, even as it has risen for board members, according to new research from a financial services-focused compensation consulting firm.

CEOs at asset managers (at least publicly traded ones) received an average compensation of $15.6 million last year, per Johnson Associates' new "2024 Public Financial Services Compensation Disclosures" report. That's down four percent from 2021.

Compensation for NEOs (named executive officers) fell even faster in those years. Asset management NEOs received an average of $5.8 million each in 2023, down 16 percent from two years earlier, the Johnson team found.

Yet the pay picture was sunnier for members of asset managers' boards of directors. The Johnson team found that last year, the average director received $278,077 in compensation, six percent more than in 2021.

The report covers a number of other related subjects for asset managers and other types of financial services firms, such as banks, credit card companies, and insurers. Those subjects include: comp mix (base versus bonus versus long-term), one-time awards, vesting schedules for long-term awards, and ownership requirements. 

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