Head of Investment Advisory – Private Banking Salary

National Compensation Range

Head of Investment Advisory – Private Banking Salary by City

Median (P50) adjusted for metro cost of labor.

Market Trends

Increasingly strategic role overseeing advisory framework. Regulatory accountability growing. Digital advisory tools a key priority.

Also Known As

Managing Director – Investment Advisory, Global Head of Advisory – Wealth, Head of Investments – Private Wealth

What Does a Head of Investment Advisory – Private Banking Do?

The Head of Investment Advisory – Private Banking operates within private banks, wealth management firms, and trust companies, serving high-net-worth and ultra-high-net-worth clients with investment advisory, estate planning, and banking services. Professionals in this role typically bring 15 to 20 years of relevant experience. Classified at the VP level, this position draws from a very tight candidate market with an estimated pool of 10-25 qualified professionals, making targeted sourcing and competitive compensation critical for successful placements.

What Drives Head of Investment Advisory – Private Banking Compensation?

The median (P50) compensation for a Head of Investment Advisory – Private Banking is $330,000, with the 25th to 75th percentile range spanning $250,000 to $420,000. The 52% spread between P25 and P75 reflects significant pay variation driven by book size and client AUM, revenue generated, client segment (HNW vs. UHNW), product complexity, regulatory licensing, and the firm's compensation model (salary + bonus vs. revenue share). Demand for this role is trending upward with 0.06% year-over-year growth, which is putting upward pressure on compensation at all levels.

Head of Investment Advisory – Private Banking Career Path

Professionals who move into Head of Investment Advisory – Private Banking roles most commonly come from institutional banking, financial advisory, trust and estate law, investment management, or family office operations. From this position, the typical trajectory leads toward managing director and market head positions, regional leadership, or transitioning to independent RIA or multi-family office platforms. The average tenure in this role is approximately 5.5 years, with an annual turnover rate of 11%.

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