MarshBerry Launches Comprehensive Compensation Study for Insurance Agents & Brokers

January 13, 2025

Woodmere, OH, January 13, 2025 – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is proud to announce the launch of a Compensation Study tailored exclusively for retail insurance agents and brokers. MarshBerry has collected compensation data for this proprietary report for more than a decade, which provides in-depth insights into the compensation landscape.

By gathering comprehensive data, the survey and resulting report offers:

  • Industry Insight: Gain a nuanced understanding of prevailing compensation structures and practices within the insurance sector.
  • Benchmarking: Access trends and benchmarks for various levels of producer and service roles among insurance agents and brokers.
  • Compensation Structures: Receive insights and recommendations on competitively aligning compensation packages with industry standards.

“Understanding and leveraging accurate compensation data is essential for attracting, retaining, and motivating top talent in today’s competitive landscape,” said John Wepler, MarshBerry Chairman & CEO. “A regular review of compensation structures ensures alignment with market trends, supports equitable practices, and drives organizational performance. At MarshBerry, we believe informed decisions around compensation are key to building a thriving and engaged workforce.“

Participation in this survey is pivotal in shaping the future of compensation within the insurance industry. All data provided is kept strictly confidential, aggregated, and used for research and industry report purposes. Participants receive a complimentary summarized report outlining key findings and insights derived from the survey.

The survey is open January 13 – February 28, 2025. Insurance agents and brokers interested in participating can complete the survey here.

MarshBerry – Helping Clients Learn, Improve & Realize Value

MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.

Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.