Attracting the top talent.. from CEOs to analysts, what are Family Offices paying their people? ๐งต
๐ต Average base salary of a US Family Office CEO is $556,100, total compensation including bonuses is $1,130,500
๐ต Top 10% of Family Office CEOs in the US earn $1,520,000
๐ต CEOs at $1 billion+ Family Offices have an average base salary of $919,400 and total compensation of $2,370,100
๐ต CEOs of US Family Offices with under $100M of assets get an average base salary of $432,600 and total compensation of $491,800
๐ต Chief Investment Officers receive an average of $410,600 and total compensation of $810,800
๐ต Top 10% Chief Investment Officers are receiving an average salary of 750,000 and compensation of $1,336,000
๐ต CIOs at $1 billion+ US Family Offices are being paid an average base salary of $606,100 and total compensation of $1,160,000
๐ต Chief Compliance/Risk officers are receiving an average base salary of $223,400 and total compensation of $339,100
๐ต Senior Portfolio managers are in line for an average $281,900 and total compensation $651,400, with top 10% earning more than $1 million
๐ต Portfolio managers are earning an average $184,700 base salary and total compensation of $414,300
๐ต Senior Analysts are earning an average base salary of $152,100 with total compensation at $238500
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Be upfront about any issues or risks that may impact the deal
Any skeletons in the closet will be discovered during DD, so it's better to be open and transparent from the outset: It establishes trust and ultimately saves time
2/ ๐ Prepare comprehensive documentation:
Gather and organize financial records, contracts, corporate governance documents, and relevant policies. Establish a secure and well-organized data room
90% of your data room can be prepared before a single DD question is asked
โ How many family offices are hiring
โ What areas are family offices hiring for
โ Staff turnover
โ The recruiting challenges
โ Compensation plans
โ Planned bonuses
Survey results ๐
53% of FOs are planning to hire in 2023
The areas FOs are hiring:
Participants were asked if they were
experiencing higher-than-usual voluntary
turnover