Operating costs stay relatively flat
Family offices’ total average spend on services stood at $10.6 million in 2017. Operating costs, which stayed relatively flat over the year, accounted for $6.5 million of this figure, while external management performance and administration fees accounted for $4.1 million.
C-suite salaries are up across the board
C-suite salaries have markedly increased across the board between 2016 and 2017, with CEOs and COOs enjoying the highest annual growth in base salaries, up 9.8% and 10.1% respectively.
Women are under-represented on the C-suite level
Women are under-represented on the C-suite level – merely 7.7% of the family offices we surveyed have female CEOs, leaving nine out of 10 of the remaining top spots to men. Only 13.2% of CIO posts are held by women, along with about 38% of COO and CFO posts.