Slideshow Top-Earning Bank Wealth Management Execs

Published
  • April 08 2015, 5:32pm EDT
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Top-Earning Bank Wealth Management Execs

How important is the wealth management business to banks? For some, it's so important they're willing to pay top dollar not only for advisors but also their wealth execs.

Of the 40 odd banks that own their broker-dealer, eight list their wealth management executives among their five highest paid officers, according to an analysis of their latest proxy statements.

These eight executives are with large banks as well as smaller regional banks. Here are all eight in ascending order by total compensation each earned in 2014. .

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WesBanco Bank Inc.

Jonathan Dargusch
Title: Executive Vice President, Wealth Management
Base Salary: $230,270
Bonus: $0
Stock/Option Awards and Other Compensation: $194,382
Total: $424,652

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People's United Bank

Galan Daukas
Title: Senior Executive Vice President, Wealth Management
Base Salary: $380,000
Bonus: $0
Stock/Option Awards and Other Compensation: $1.01 million
Total: $1.31 million

Hancock Bank

Clifton Saik
Title: Chief Wealth Management Officer
Base Salary: $386,260
Bonus: NA
Stock/Option Awards and Other Compensation: $1.01 million
Total: $1.4 million

Comerica Bank

Curtis Farmer
Title: Vice Chairman, Wealth Management and Retail Bank
Base Salary: $625,692
Bonus: $0
Stock/Option Awards and Other Compensation: $1.44 million
Total: $2.1 million

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Huntington Bank

James Dunlap
Title: Senior Executive Vice President, Regional Banking and Private Client Group Director
Base Salary: $518,333
Bonus: $0
Stock/Option Awards and Other Compensation: $2.28 million
Total: $2.8 million

Northern Trust

Steven Fradkin
Title: President, Wealth Management
Base Salary: $600,000
Bonus: NA
Stock/Option Awards and Other Compensation: $4.05 million
Total: $4.65 million

Wells Fargo

David Carroll
Title: Senior Executive Vice President, Wealth, Brokerage and Retirement
Base Salary: $1.7 million
Bonus: $0
Stock/Option Awards and Other Compensation: $8 million
Total: $9.7 million

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Bank of America

David Darnell
Title: Vice Chairman, Global Wealth and Investment Management
Base Salary: $1 million
Bonus: $3.1 million
Stock/Option Awards and Other Compensation: $5.88 million
Total: $9.98 million