The vast majority (87 percent) of family offices review and adjust compensation on an annual basis, Morgan Stanley has found.
Together with Botoff Consulting, Morgan Stanley's Single Family Office Advisory group has released a report on family office compensation data, which found that almost all family offices have provided salary increases in the past four years.
It found that nearly 40 percent of family offices reported salary increases between four and 10 percent or more, which is above the US national average of three percent.
Moreover, eighty four percent of family offices reported awarding bonuses last ...