The Advisors' Blog

A recent write-up from Fintool maps the latest proxy statement disclosures from every NYSE and Nasdaq-listed company in order to determine compensation consultant market share. Nearly one-third of listed companies didn’t disclose the name of a compensation consultant. Here are a few other takeaways:

The compensation consultant market in 2024 shows both concentration and diversity. While a few large firms dominate across various indices, there also a long tail of specialized or boutique consultants serving specific market segments.

Key observations include:

– The S&P 500 and Nasdaq 100 show higher concentration among top firms compared to the broader Russell 3000 index.

– There are notable differences in consultant preferences between NYSE and Nasdaq-listed companies, possibly reflecting differences in company profiles and industries.

– Some consultants show particular strength in specific indices or exchanges, suggesting potential specialization or targeted market strategies.

If you’re curious, Fintool is an “AI copilot” that applies a large language model to EDGAR filings. So, you can quickly search, analyze and slice & dice the results. For example, with the comp consultant data, you can dive into market share categorized by exchange and major index.

– Liz Dunshee