More banks are issuing surveys of family offices’ priorities and the results are often contradictory. https://t.co/LbD4OOsDGt ...

Regulatory Landscape - The Securities and Exchange Board of India (SEBI) denied reports of considering regulatory oversight of family offices [1]

Regulatory Landscape - India's markets regulator has initiated discussions regarding the oversight of family offices [1] - The increasing influence of the nation's billionaires on exchanges is a key factor driving this regulatory consideration [1]

Wealth Management Industry Trends - The number of family offices has increased significantly in recent years [1] - This growth reflects the rapid accumulation of wealth among the ultra-wealthy in the US, reminiscent of the Gilded Age [1]

Compensation Trends - US family offices are offering record salaries to top money managers [1] Industry Growth - Private investment firms catering to the ultra-rich are experiencing growth and increased professionalization [1]

Estate Planning - Trusts are important for estate planning, especially for high-net-worth individuals [1] - Family offices utilize trusts to mitigate estate taxes [1] - Estate taxes are not a primary concern for sophisticated investors due to trust utilization [1]

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]