Sixty percent of the chief executives of smaller UK family offices earn a base salary of £100,000 or less, according to a new study.

Data from family office recruitment firm Agreus showed that where family offices had less than £250 million under management, 60 percent of the chief executives earned less than £100,000, with about a quarter earning less than £80,000 base. These smaller family offices accounted for 28 percent of those surveyed.

At the other end of the spectrum, within family offices with AUM of £5 billion or more (10 percent of those surveyed), the most common chief executive base salary band was £3...