A typical family office holds less than $500 million assets under management, invests in equities, employs at least 20 staff, who receive a discretionary bonus, and has operated for more than a decade, according to new research by Agreus.
Family office salaries have increased markedly on the previous year, with most surveyed chief executives or managing directors now paid on average more than £300,001, ($389,688) up from £150,001 ($194,845) to £200,000 ($259,791) last year.