Release of 2023 Single Family Office Compensation Full Report

Informing Solutions to Today’s Talent Landscape

Morgan Stanley's Single Family Office Advisory group released its third bi-annual compensation report in collaboration with Botoff Consulting, which presents survey findings along with trends impacting compensation in family offices. The findings contain responses from over 400 single family offices, with 77 percent of participant families having a total net worth of over $500 million. Reporting data on 1,728 employees, the trusted data is meant to serve as a reference to help shape all-important staffing decisions and strategy for family office clients.

PRESS RELEASE HIGHLIGHT

“We deeply appreciate the amazing responsiveness, with more than 400 families participating in this survey,” said Trish Botoff, Founder and Managing Principal of Botoff Consulting. “Our focus remains on expanding the depth and effectiveness of compensation data to empower principals and their teams to assess compensation, to align goals, and to make informed decisions to reward, retain, and motivate family office talent.”

Click here to read Morgan Stanley’s full press release.