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This might be true some years but certainly not true in a bad year.

Partnership split is basically just net income / partners. Most of revenue is paid out in bonus form by department (so if you’re a partner in IB, you get a performance bonus like anyone else + a partnership distribution). You can argue that bonuses might be slightly more generous at the top because of this, but some random wealth management partner isn’t making a ton of money because of banking revenue or the like.

 

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