In the past, the family offices sector, which spans thousands of organizations in North America and abroad, has been relatively opaque, but is becoming more professionalized and, as a result of a desire to tap into deals, more visible in the public eye. 

The latest compensation survey being conducted at the moment does not just cover family offices, but also family investment firms and private family trust companies. The study will shed light on salaries, bonuses and the increasing use of long-term incentives – the total picture of compensation in this multi-trillion dollar space – an area that this news service tracks and covers regularly.

Non-US family offices have until October 31 to take part in the new survey. Only those firms that take part can get full access to its contents when published, Botoff Consulting told Family Wealth Report in a recent call.

The US portion of the survey, which is already closed, had an increase over the 2023 US survey of 7 per cent in participants and a 30 per cent increase in reported incumbents .

The report will include a profile of firms and executives taking part; family office compensation trends and practices; incentive plan trends and approaches; how to understand compensation market data, and compensation details by position.

FWR intends to cover the findings of this report as soon as it comes out; will also conduct interviews with Botoff Consulting about its views on compensation trends and challenges in this industry. To find out more about the survey, click here.