2023 Global Family Office Compensation Benchmark Report

Family offices are evolving — and fast. From their history as small and intimate entities protecting family wealth that are now growing into institutionalised forces with exceptional professionals, they are becoming a potent force in the investment landscape.   

In recent years, family office hubs have been spreading their roots, rising in popularity in Singapore, Hong Kong (SAR) China and the UAE.

The unique and personalised nature of each family office, however, can make it challenging to access benchmark remuneration data. These entities require a distinct skillset for an environment where it's more than work; it's personal, and decisions on issues such as compensation may be a product of guesswork and emotion rather than research or precedent.

This comes up against the expectations of professionals that family offices search for, who often have backgrounds in the benchmarked environment of professional services and investment banking and are, thus, accustomed to a consistent and familiar compensation structure. 

The Global Family Office Compensation Benchmark Report produced in collaboration with Agreus Group features quantitative and qualitative insights into composition and compensation structures and provides sought-after benchmark data.

The report features qualitative data gathered from 625 single family office professionals globally, ranging from personal assistants to CEOs to chairpersons, as well as interviews with family office leaders. This is referenced against primary data collected by Agreus Group over a 13-year period, including insights from 1,500 family offices across the world. The report is one of the world’s largest data sets on family office compensation.