2024 Compensation Report
We are pleased to present the two reports for the 2024 Botoff Consulting Compensation Survey: Family Offices, Family Investment Firms, and Private Trust Companies.
The 2024 survey is our largest to date, including 433 participating firms, with compensation data reported on 2,208 incumbents in 42 roles. We want to thank all those who participated in the 2024 Compensation Survey.
Two versions of the report are available for purchase*; for customized data cuts, please contact us. Detailed differences between the two reports are outlined in the Executive Summary.
*Participants received a complimentary copy of the report. Wish you had participated? Remember to do so the next time!
Summary Report
The Summary Report from Botoff Consulting delivers high-level compensation insights for family offices, investment firms, and private trust companies, offering a high-level view of industry trends across 42 executive and staff roles.
✔ Overall Compensation Data – Includes base salary and incentives and compensation benchmarks across all firms based on AUM for the 25th, 50th and 75th percentiles of the market.
✔ Industry Trends & Benchmarking – Understand at a high level how family organizations nationwide structure Annual and Long-Term Incentive Compensation at a glance.
✔ Straightforward & Cost-Effective – Ideal for those seeking broad compensation insights without the need for deeper analysis.
With data from 433 firms and 2,200+ incumbents, the Summary Report offers foundational compensation intelligence to help guide your decision-making.
Click the image to view a comparison chart of the reports >
Premium Report
Unlock Deeper Insights with the Premium Compensation Report
For organizations seeking a comprehensive, data-driven approach to family office, investment firm, and private trust company compensation planning, the Premium Report from Botoff Consulting offers unmatched depth and strategic value.
✔ Expanded Benchmarking & Firm-Specific Analysis – Adds access beyond Summary to 10th to 90th percentile compensation figures. Provides a detailed breakdown by AUM and firm type, allowing you to compare compensation structures specific to your family office model.
✔ Profile of Executives – Includes role and gender composition and firm type.
✔ Annual Incentive Plan Structures – Includes plan prevalence and design practices based on firm-type and AUM.
✔ Long-Term Incentive Compensation Structures – Understand long-term incentive trends, plan metrics and overall core provisions including eligibility and structure tailored to different roles.
With data from 433 firms and 2,200+ incumbents analyzed, the Premium Report is the most robust resource available for organizations making strategic compensation and incentive plan decisions.
Report WEBCAST
Botoff Consulting invited family offices, family investment firms, and private trust companies to join us for our invitation-only webcast on October 31, 2024 – attendees gained an insightful look into compensation trends resulting from our 2024 Compensation Survey. During this 1-hour webcast, the Botoff Consulting team discussed key findings from the U.S. survey report + best practices and trends in compensation and incentive plans.
WATCH THE WEBCAST RECORDING: