A recent report from the family office recruitment firm Agreus Group sheds light on compensation at the typically opaque wealth managers known as family offices.
In the US, the median base annual salary for a family office chief executive ranged from $264,001 to $330,000, per the report published in June, with data gathered before the onset of the pandemic.Family offices, the loosely regulated and often secretive private investment firms managing wealth for the richest people in the world, are growing in size and complexity.
The report from Agreus Group, a London-based recruitment firm focused on family offices, showed that wealth managers are increasingly using formalized bonus structures and long-term incentive plans to draw in new talent, primarily for leadership and investment-focused roles. A growing number of family offices are engaging in so-called "direct deals," where the firms invest directly in a company rather than putting money in a fund or other vehicle, which could give family offices more control in an investment, Business Insider previously reported.
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