Family Offices and Compensation: Evolution of the Dynamic Duo

Compensation cost is a significant expense for family offices, accounting for approximately 60% of a family office budget. It is critical to the success of a family office to not only hire the right people but also to ensure it's compensation program is aligned with the family’s values and long-term objectives and is appropriate for the life stage of the family office.

Hear a discussion of the various types of family offices, the different compensation arrangements used, and how they may evolve together over time. Through a case study, we will also explore how to ensure compensation programs achieve alignment with the needs of the family to motivate and retain key executives.