Morgan Stanley
  • Wealth Management
  • Nov 11, 2021

Compensation Considerations for Single Family Offices

Competitive compensation is key to attracting and retaining the best talent for your single family office. Discover the latest trends and relevant pay, benefit and bonus structures in Morgan Stanley’s latest benchmarking report.

Ongoing market uncertainty, the need for increasingly complex tax strategies, and a focus on value-aligned investing make it more important than ever for single family offices to have the best possible management team in place. 

Recruiting and retaining that team requires competitive compensation, especially as the family office industry matures. Morgan Stanley’s Single Family Office Compensation report provides valuable insights for families and family office professionals as they consider  pay levels, benefit and bonus structures for optimal talent acquisition and retention. The report features benchmark compensation data for roles ranging from C-suite leaders to investment analysts to executive assistants.

Among the key findings:

  • Executive salary increases outpaced the broader U.S. market in 43% of family offices, and in 58% of firms with $1 billion or more in assets under management.
  • Use of incentive compensation remained strong, even during the pandemic, with 87% of participants reporting bonuses comparable to or higher than prior-year bonuses.
  • When it comes to gender diversity, family offices outpace the general market, with more women in CEO and leadership roles.

In addition, readers will learn the most common single-family office investment approaches, governance structures and professional services in use today. They’ll also find actionable intelligence on the use of long-term incentive plans and growing interest in sustainable investing among next-generation family members.

Access the Full Report

Request the Morgan Stanley Single Family Office Compensation Report now to gain insight into your compensation approach.

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Morgan Stanley Private Wealth Management