For trade groups, lobbying pays

SIFMA's chief made $2M in 2008; adviser groups paid their CEOs far less

For careerists in financial-trade-group management, heading a lobbying organization backed by huge corporate interests appears to be a more lucrative route to success than serving and educating financial advisers.

According to a review of tax filings for 2008, leaders of groups with major lobbying efforts — the Securities Industry and Financial Markets Association, the American Bankers Association and the Financial Services Roundtable, for example — earned more money than those whose groups whose mission was to promote the interests of working professionals...

Investment News: For trade groups, lobbying pays