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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
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Richest Wall Street execs are worth a combined $2.1 billion, present lucrative opportunity for advisors

Posted by RJ and Makay on Jan 18, 2011

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Richest ExecutivesThe top 10 wealthiest Wall Street executives are financial powerhouses. As a group, they have an average net worth of $210 million, an average liquid net worth of about $75 million, and together are worth about $2.1 billion, shows a new study by Wealth-X, a firm that collects and analyzes information on high-net-worth individuals.

Those numbers could soon be even larger as the economy revs up, taking financial stocks and executive compensation and bonuses along with it. Financial company executives with out-of-the-money call options on employer stock could do very nicely, for example, as financial stocks climb and bring the options into profitable territory.