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In 2019, family offices’ total average spend on services stood at USD 11.8 million. This includes USD 6.8 million in operational costs and USD 5.1 million in external investment management administration and performance fees.

The average base salaries across family office C-suite staff were: CEO USD 335,000, CIO USD 266,000, COO USD 213,000, and CFO USD 208,000. Including bonuses, the total salaries paid out were…

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