Insights on Family Office Compensation

Author: Trisha Botoff, Botoff Consulting, LLC

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Family Office Compensation: New Research Provides Details to Support Comprehensive Peer Group Comparisons

It is well recognized that reliable compensation data for family office executives is typically hard to come by. Even when data is available, doubts about the depth, quality, and comparability often leave family offices wary of acting on it.

The 2015 Single Family Office (SFO) Executive Compensation Survey was designed specifically to address these concerns to help family offices across a range of sizes assess their compensation practices against a well-defined peer group. Extensive information was captured from data reported on four key executive positions, and the findings are presented in this paper.

About the Family Office Compensation Findings

Led by Fidelity Family Office Services in conjunction with its FORGE (Family Office Regional Group Executives) partners and Botoff Consulting, LLC,* the 2015 SFO Executive Compensation Survey focused on the four most senior executive positions within family offices: Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Financial Officer (CFO), and Chief Operating Officer (COO). Data is presented for four categories of assets under management (AUM): $1 billion or more, $500 million to $999 million, $250 million to $499 million, and less than $250 million.

Participation was by invitation only, and respondents included 216 family offices providing data on 374 executives. The online survey was conducted from May 11 through June 25, 2015, and was administered by an independent third-party research firm not affiliated with Fidelity Investments (“Fidelity”). FORGE is a national, noncommercial network of 14 regional family office groups and was identified as the study sponsor. Data was analyzed by Botoff Consulting, an independent compensation consulting firm working with family offices, family business enterprises, foundations, and wealth management firms.

Family Office Compensation Topics Covered

  • Participant Profile
  • Services Provided
  • Investment Approach
  • Employment Practices
  • Compensation Practices
  • Compensation Findings

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