How Cracchiolo was paid
$30.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| James M. CracchioloChairman and Chief Executive Officer | $1,250,000 | $5,510,000 | $3,990,000 | $7,750,000 | $2,186,112 | $642,356 | $30,828,468 |
| Walter S. BermanExecutive Vice President, Chief Financial Officer | $675,000 | $1,350,000 | $1,150,000 | $3,200,000 | $1,018,877 | $185,706 | $10,079,583 |
| William F. TruscottChief Executive Officer, Global Asset Management | $675,000 | $1,161,000 | $989,000 | $3,000,000 | $533,514 | $280,697 | $8,789,211 |
| Joseph E. SweeneyPresident, Advice & Wealth Management Products and Service Delivery | $650,000 | $810,000 | $690,000 | $2,325,000 | $544,812 | $136,121 | $6,655,933 |
| William DaviesExecutive Vice President Global Chief Investment Officer | $876,168 | $268,109 | $228,389 | $2,406,091 | $8,200 | $35,286 | $4,318,739 |
What changed and why
- 6%Net revenues increased 6% to $18.2B for 2025.
- 7%Adjusted operating earnings grew 7% to reach $3.9B.
- $30.8MChairman and CEO James M. Cracchiolo received total compensation of $30,828,468.
- 20%Capital returned to shareholders rose 20% to $3.4B.
- 11%Assets under management, administration and advisement expanded 11% to $1.7T.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.