Complying with new regulations, preparing to capture the assets of retiring Baby Boomers and offering alternative investments is prompting investment firms to seek out and retain top talent-with increased compensation as a key leverage.

In the next year, senior executives at mutual fund and other money management firms will see their total compensation increase by 20% or more, according to the 10th annual "Asset and Wealth Management Recruiting Trends" report by executive search firm Russell Reynolds Associates of New York.

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