Two years ago Riggs Investment Management Corp. in Washington persuaded its parent to let it keep more of the profits it made.

That change allowed Philip Tasho, chief executive and chief investment officer of the Riggs National Bank unit, to pay analysts and other talented fund professionals more-through a structure that combines base salary, incentive pay, and profit sharing.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.