How much do you need to run a family office?

How much do you need to run a family office?

Many clients still think in terms of total net worth, and it can be a quick back-of-the-napkin measure. I usually advise clients that you should only consider a traditional family office if your total net worth is above $100 million minimum and most will need more than $250 million.

How much do family offices pay?

For chief compliance/risk officer positions at family offices, the average base salary is $223,400 and average total compensation was $339,100. Senior portfolio managers have an average base salary of $281,900, but can earn much more through bonuses, with the average total compensation pay at $651,400.

What are the richest family offices by total assets?

Rankings by Total Assets Rank Profile Total Assets Type 1. Cascade Investment $170,000,000,000 Family Office 2. Walton Enterprises LLC $169,198,990,155 Family Office 3. Bezos Expeditions $107,800,000,000 Family Office 4. Mousse Partners $89,000,000,000 Family Office

What is the average AUM of a family office?

For Single Family Offices the average is around $400M in AUM based on our benchmark studies and relationships with them.

What are the differences between family office and regular investment management shops?

Regular investment management shops (although they would love to have a multi, multi-millionaire or a billionaire) serve families who may be more in the upper-middle class and above. Family offices have a high minimum threshold. Average minimum in investable assets is around $25–$50 Million and above.

How much does it cost to run a family office?

Overall your yearly expense just for office and employees is likely to be upwards of 1 million per year. There are services that provide outsourced family office for multiple clients and my understanding is they usually want to take a minimum of 50MM under management.

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