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Jan 19, 2023 โ€ข 13 tweets โ€ข 2 min read โ€ข Read on X
Attracting the top talent.. from CEOs to analysts, what are Family Offices paying their people? ๐Ÿงต
๐Ÿ’ต Average base salary of a US Family Office CEO is $556,100, total compensation including bonuses is $1,130,500
๐Ÿ’ต Top 10% of Family Office CEOs in the US earn $1,520,000
๐Ÿ’ต CEOs at $1 billion+ Family Offices have an average base salary of $919,400 and total compensation of $2,370,100
๐Ÿ’ต CEOs of US Family Offices with under $100M of assets get an average base salary of $432,600 and total compensation of $491,800
๐Ÿ’ต Chief Investment Officers receive an average of $410,600 and total compensation of $810,800
๐Ÿ’ต Top 10% Chief Investment Officers are receiving an average salary of 750,000 and compensation of $1,336,000
๐Ÿ’ต CIOs at $1 billion+ US Family Offices are being paid an average base salary of $606,100 and total compensation of $1,160,000
๐Ÿ’ต Chief Compliance/Risk officers are receiving an average base salary of $223,400 and total compensation of $339,100
๐Ÿ’ต Senior Portfolio managers are in line for an average $281,900 and total compensation $651,400, with top 10% earning more than $1 million
๐Ÿ’ต Portfolio managers are earning an average $184,700 base salary and total compensation of $414,300
๐Ÿ’ต Senior Analysts are earning an average base salary of $152,100 with total compensation at $238500
If you found this thread informative and helpful, give us a like and follow us for more updates and insights in the future. #familyoffice #compensation #benchmarking

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More from @MrFamilyOffice

Apr 8
Family offices are not built the same

From conservative allocators to bold venture capitalists

7 investment blueprints:
1/ ๐Ÿช„ The Legacy Steward:

Endowment Portfolio Archetype

- 3rd, 4th gen+, $3B-$5B+ AUM
- Pursues endowment-like structure
- Prioritizes max diversification & asset retention
- Protecting wealth major focus

Real-life example: Cargill & MacMillan Family Office
2/ ๐ŸŽฏ The Hands-On Investor:

Direct Investment Portfolio Archetype

- Avoids stock market & investment funds
- Mixes real estate & private equity strategy
- Seeks control & diversification

Real-life example: Koch Industries
Read 9 tweets
Sep 29, 2023
Just released:
the latest comp packages at family offices

Are you wildly overpaid or chronically underpaid Image
CEO/President Image
CFO Image
Read 23 tweets
Jul 17, 2023
How family offices around the world incentivize their people

A look around the world

the leaders
the laggards
the surprises

โ†’ USA
โ†’ UK
โ†’ Europe
โ†’ Asia
โ†’ Middle-East
USA:

> leading the world in long-term incentive plans
> strong on co-investing opportunities
> carried interest a feature of the US sector Image
UK:

> Just 18% of FOs offer long-term investment plans
> Of those, 50% offer co-investing opportunities Image
Read 7 tweets
Jun 23, 2023
Where are family offices located:

โ†’ the one city dominating European family offices

โ†’ the Asian locations playing catch-up with Singapore

โ†’ the Middle East country with 76% of the region's family offices

โ†’ the powerhouse US state for family offices and its rising star

๐Ÿ‘‡
Europe:

The UK is dominating the family office scene with 62% of European family offices reporting the UK as their primary location

85% of UK family offices are based in London
15% are mostly spread across Jersey, the Isle of Man, Berkshire, Buckinghamshire, Cambridge
Asia:

Singapore is winning the battle for family offices in Asia, with 59% of family offices located there
Read 6 tweets
Jun 22, 2023
How to close more deals with:

- family offices
- PE
- VC

Implement a proactive due diligence strategy

The steps you should take: โฌ
1/ ๐Ÿšจ Disclose potential conflicts and risks:

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/ ๐Ÿ“ 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
Read 12 tweets
Jun 20, 2023
Family offices - latest hiring and comp data:

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 ๐Ÿ‘‡
53% of FOs are planning to hire in 2023

The areas FOs are hiring: Image
Participants were asked if they were
experiencing higher-than-usual voluntary
turnover

Almost 90% reported no increase in resignations

Voluntary staff turnover: Image
Read 8 tweets

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