Family Capital Article Features Our Latest Single Family Office Compensation Survey

Source: Family Capital

“Family offices move to an institutional mindset with performance-related pay”

Family Capital, an online publishing company dedicated to the global family enterprise sector, covered our recently co-published 2023 Single Family Office Compensation Report, which drew on responses from 406 single family offices. The article notes that “family offices are hiking performance-related pay to their executives as their exposure to alternatives overhauls traditional assets . . .”.

ARTICLE HIGHLIGHT

“According to Botoff managing principal Trish Botoff: “The rise in performance-based compensation goes back to the concept of family offices becoming more sophisticated, bringing investment management in-house and wanting to align investment and comp performance.”

Nearly every family office in the Botoff Survey now uses performance incentives to hire and retain professionals, with 81% of executives receiving bonuses in 2022. According to respondents, 54% of their bonuses were similar to 2021, while 32% were higher. ”

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Family Capital. "Family offices move to an institutional mindset with performance-related pay" Michael Foster, 5 October 2023. famcap.com/2023/10/family-offices-move-to-an-institutional-mindset-with-performance-related-pay/