With just under one week to go until the world’s largest Family Office compensation survey closes, we thought we would share a sneak peak into some of the trends we are seeing so far and why the report will certainly be worth the wait.
- Family Offices most commonly cost between 1% and 0.5% of AUM, a lot less than the 1% widely estimated in the community.
- Family Offices more commonly than not have no governance structure, no investment committee, and no Board. Just half have a succession plan in place.
- Family Offices have less than 5% of assets allocated to cryptocurrency. Equities and Private Equity continues to dominate.
- Majority of Family Offices manage between $251M and $500M suggesting the barrier to entry is higher than anticipated.
- Ultimate Beneficial Owners most commonly sit in the position of CEO, but they sit in many positions across the Family Office.
- Very few Family Office professionals receive an LTIP.
- More than 1/3 of Family Offices have two or more locations. The second locations might surprise you.
- The majority of Family Office professionals received an uplift in 2022, the biggest reason was inflation.
- Very few Family Offices have more than two generations in play.
Stay tuned for the launch of the report, coming this Spring!