Reads
- Insights
- Guides
- Case Studies
- Reports
- 2024 Service Design Report
- 2024 Private Markets Report
- 2024 Digital Assets Report
Regions
- Australia
- Boston
- Florida
- Hong Kong
- India
- Monaco
- New York
- Singapore
- Switzerland
- United Arab Emirates
- United Kingdom
- View All Regions
Companies
- Family Office software
- Banking Providers
- Private Markets
- Governance
- Outsourced Solutions
- Real Estate
- All Companies
- Family Office Directory
Community
- Experts directory
- Family Office Jobs
Login Register
- Get in Touch
- About
- Simple for Family Office
- Simple for Service Providers
Simple I Insights
- Search
- Family Office Solutions
- Service Provider Solutions
- About
- Contact
- Login
- Register
As the family office sector matures, staffing discussions continue to take centre stage. Deciding on staff compensation and salaries is complex and nuanced, amplified by a lack of industry benchmarks. Dynamics of single and multi-family setups, investment attributes, and investor roles further complicate the matter. Here, we explore the various aspects of family office compensation, breaking it down into four key sections.
What you need to know
- Discussions surrounding salaries and compensation are complicated, made even more so by the absence of benchmarks.
- Building effective family office compensation requires an understanding of investor dynamics, market performance, and personalised approaches.
- There are several tailored compensation a family office can employ, such as prioritising salaries, equity participation and discretionary bonuses
Operations Updated on January 16, 2024
By Jason Pinkham
As the family office industry continues to mature and formalise, the discussion around staffing has become even more vital. As one of the consistent costs in a family office, compensation is a nuanced and multifaceted subject – made even more complex by the lack of industry benchmarking. The dynamics of single and multi-family offices, the nature of underlying investments, and the role of investors all add to the complexity of designing appropriate and effective compensation packages for family office staff. Here, we explore the various aspects of family office compensation, breaking it down into four key sections.
Understanding the Role of Investors and Market Dynamics in family office compensation
In the ever-evolving world of family offices, understanding the interplay of investors and market dynamics is the first step to designing effective compensation structures.
About the Authors
Jason Pinkham
Partner & Strategic Advisor
Jason is the CEO and President of Goose Rocks Wealth, where he works with ultra-affluent families to help them understand the family office space in the United States and ultimately identify one that best suits the families' particular needs.
Connect with Jason Pinkham
Simple Reviews
Our Family Office Software & Technology Review 2023 is live!
Platform members can view it now.
Read it here
Create your free account to continue reading this insight.
Join our community and become a Simple member today.
Already a member? Sign in below.
Register | Lost Password
Not yet a member?
Sign up for a free account by clicking on the link below.
Register New Account
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL cookies. If you would like to opt out of specific cookies or read our policies go to the settings page.
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
For more information on our privacy practices, please visit our Privacy Policy web page: https://andsimple.co/privacy-policy/
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
| Cookie | Duration | Description |
|---|---|---|
| __hssc | 30 minutes | This cookie is set by HubSpot. The purpose of the cookie is to keep track of sessions. This is used to determine if HubSpot should increment the session number and timestamps in the __hstc cookie. It contains the domain, viewCount (increments each pageView in a session), and session start timestamp. |
| bcookie | 2 years | This cookie is set by linkedIn. The purpose of the cookie is to enable LinkedIn functionalities on the page. |
| lang | This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. | |
| lidc | 1 day | This cookie is set by LinkedIn and used for routing. |
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
| Cookie | Duration | Description |
|---|---|---|
| AMP_TOKEN | This cookie is set by Google Analytics - This cookie contains a token that can be used to retrieve a Client ID from AMP Client ID service. Other possible values indicate opt-out, inflight request or an error retrieving a Client ID from AMP Client ID service. |
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
| Cookie | Duration | Description |
|---|---|---|
| __hstc | 1 year 24 days | This cookie is set by Hubspot and is used for tracking visitors. It contains the domain, utk, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session). |
| _ga | 2 years | This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors. |
| _ga_Z66P6D175S | 2 years | No description |
| _gat_gtag_UA_428085_65 | 1 minute | This cookie is set by Google and is used to distinguish users. |
| _gid | 1 day | This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form. |
| Albacross - Cookie ID | 1 year | The domain of this cookie is owned by Albacross. It is used as a analytical tools to identify the potential customers by setting a unique Id for the customers. The session Id is used to implement the preference choice made by the customer upon their re-visit. |
| Albacross - Visit ID | 30 minutes | Sets a unique ID for a specific visitor. This ID can be used to recognize the visitor upon re-entry and implement any preference choices made. The cookie also allows the website to track the visitor on multiple websites for marketing purposes. |
| hubspotutk | 1 year 24 days | This cookie is used by HubSpot to keep track of the visitors to the website. This cookie is passed to Hubspot on form submission and used when deduplicating contacts. |
Advertisem*nt cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
| Cookie | Duration | Description |
|---|---|---|
| bscookie | 2 years | This cookie is a browser ID cookie set by Linked share Buttons and ad tags. |
| personalization_id | 2 years | This cookie is set by twitter.com. It is used integrate the sharing features of this social media. It also stores information about how the user uses the website for tracking and targeting. |
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
| Cookie | Duration | Description |
|---|---|---|
| AnalyticsSyncHistory | 1 month | Used to store information about the time a sync with the lms_analytics cookie took place for users in the Designated Countries. |
| helpful_user | 1 month | This cookie is used by the “Helpful” plugin to check whether an Advice and FAQ article has been reviewed. It is similar to the PHPSESSID cookie, in that it stores a serialised string of characters in your browser to help check whether the user of the browser has reviewed an Advice or FAQ article on the Website. However, unlike the PHPSESSID, the helpful_user cookie is not removed at the end of your browser’s session and is instead stored in the browser for 1 month. This means that, even though you leave the Website and close your browser, when you return within a month to the Website, it will remember what Advice and FAQ articles you have reviewed. Reviews submitted through the “Helpful” plugin are anonymous, and this cookie stores no personal information. |
| li_gc | 2 years | No description |
| pvc_visits[0] | 1 day | This cookie is created by post-views-counter. This cookie is used to count the number of visits to a post. It also helps in preventing repeat views of a post by a visitor. |
| UserMatchHistory | 1 month | Linkedin - Used to track visitors on multiple websites, in order to present relevant advertisem*nt based on the visitor's preferences. |
Powered by 
