Family offices bid for top talent: Here's what to know

Compensation Trends in Family Offices - The number of family offices has tripled since 2019, reaching over 4500 worldwide [1] - Median compensation for CEOs of investment-focused family offices exceeds $800,000 [1] - Median compensation for CIOs is $900,000 [1] - CEOs of large investment-focused family offices (with over $1 billion in assets) average over $3 million annually [2] - More than half of family offices offer executives co-investments alongside the family [3] - Some family offices offer carried interest or a share of investment profits and profit sharing [3] Drivers and Strategies - Rising pay is driven by performance as family offices become more like private equity firms [2] - Family offices are increasingly investing directly in private companies [2] - Family offices are hiring private equity executives and paying them more like private equity firms [3] - Family offices provide a dedicated representative to ensure clients are not being overcharged by larger institutions [9]