Family offices bid for top talent
CNBC · Recent
CNBC
Recent
The war for talent in the world of finance usually means big salaries, and that is showing up at family offices. CNBC's Robert Frank joins 'Squawk Box' with more.
Breakdown
- The number of family offices worldwide has tripled since 2019, now over 4,500. 6s
- Median compensation for CEOs and CIOs of investment-focused family offices is now over $800,000 and $900,000, respectively. 21s
- CEOs at the largest family offices can earn over $3 million annually. 36s
- Family offices are adopting private equity-style incentives, such as co-investments and profit sharing, to attract top talent. 52s
- Despite rising costs, families value having dedicated professionals managing their wealth. 3m 18s