Agreus Group and 乐鱼（Leyu）体育官网 Private Enterprise collaborate to publish the 2023 Global Family Office Compensation Benchmark Report exploring salary and career analysis including insights on emerging industry trends and their jurisdictional variances.
Highlights include:
- 41% of Family Offices expanded the size of their teams in 2022 and a further 40% plan on hiring in 2023.
- 80% of Family Office professionals receive a performance bonus which can reach over 200% of their basic salary.
- 58% received an uplift in their salary in 2022.
- Almost 10% of Chief Executive Officers in UK-based Family Offices can take home more than 拢1M in basic salary alone.
- Family Offices typically cost 0.1% - 0.5% of Assets Under Management to run.听 听 听 听
- 74% of Family Offices facilitate working from home.
Greg Limb
Global Head of Family Office & Private Client, 乐鱼（Leyu）体育官网 International and Partner
乐鱼（Leyu）体育官网 International
London, 6 June 2023: Agreus Group and 乐鱼（Leyu）体育官网 Private Enterprise launched the 2023 Global Family Office Compensation Benchmark Report based on responses from more than 650 Family Office professionals worldwide. The report presents an optimistic economic outlook for Family Offices based on data, opinions, and insights collated from over 1,500 Family Offices including qualitative interviews with Family Office Chief Executives from each continent 鈥� the one of the largest global Family Office data sets.
The report benchmarks salaries, career history, global Family Office demographics and shares key insights on emerging industry trends. Analysis is provided on succession planning, social mobility, and wealth transfers, as well as exploring continental variances in governance structures, Assets Under Management, the asset classes they favor, and how compensation aligns with both.
The analysis confirms Family Offices have become accustomed to operating in uncertain times, with contingency strategies to combat market shifts common place.
The study shares a positive outlook on a growing sector where the war for talent will undoubtedly increase.
Download a copy of the report here.
For more information or further commentary please contact:
Paul Westall Co-Founder Agreus Group
E: paulw@agreusgroup.com
Daniel Caines, Senior Manager, Global External Communications, 乐鱼（Leyu）体育官网 International
T: +44 7732400262
E:听Daniel.Caines@kpmg.co.uk
About the survey
- 625 Family Office professionals partook in an online survey distributed by Agreus Group and 乐鱼（Leyu）体育官网 Private Enterprise between October 2022 and February 2023.
- A further 25 Family Office Chief Executive Officers, Managing Directors and Leaders took part in qualitative interviews, some of which feature in full-length in the report.
- This data was also referenced against primary data that Agreus has on an internal database, collected over a 13-year period. This includes over 1,500 Family Offices globally, 3,360 Family Office contacts (clients) and more than 7,800 registered Family Office candidates.
- Family Office professionals across each continent were surveyed as part of this report. 42% of participants answered from North and Central America, 29% from Europe, 10% from Australia, 9% from Asia and 7% from the Middle East. The remaining 3% of respondents answered from Africa, the Caribbean, and South America.
About Agreus
Agreus Group is the only recruitment consultancy to work exclusively with Family Offices. We have an impressive track-record spanning 12 years and over a dozen countries. We bring over a decade of primary data and intelligence within the Family Office Space, an authoritative voice as a Family Office Thought-Leader, a comprehensive ecosystem of candidates, advisors, and followers and above all, an expertise in Family office Recruitment. We are a trusted voice in the community and trusted by thousands of Family Office professionals around the world.
About 乐鱼（Leyu）体育官网 Private Enterprise
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Working with 乐鱼（Leyu）体育官网 Private Enterprise, you'll gain access to a trusted adviser - a single point of contact who shares your entrepreneurial mindset. Access to 乐鱼（Leyu）体育官网's global resources and alliance network can help you drive your business forward and meet your goals. Your success is 乐鱼（Leyu）体育官网 Private Enterprise's legacy.
About 乐鱼（Leyu）体育官网 International
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