Key Insights from Botoff Consulting’s 2022 Estate and Household Staff Compensation Report
In our continued effort to provide advisors with valuable insights to better serve ultra-high-net-worth families, we are pleased to share that Botoff Consulting, a leader in the family office compensation space that is committed to capturing and analyzing compensation data to develop market trends, has published the inaugural 2022 Estate and Household Staff Compensation Report. Compiling data from a survey that included responses from 302 participating families and family offices encompassing 30 unique positions within households and estates, this study is the first of its kind in the family office space that focuses solely on roles in the following categories:
- Estate/household leadership
- Personal support and administration
- Household staff
- Family care
- Facilities management security
In this report, which was co-published by Morgan Stanley, advisors will gain key insights on a wide range of topics relating to estate and household staff compensation, including:
- Profiles of survey participants
- Best practices and considerations
- Compensation practices and trends
- Understanding compensation market data
- Compensation detail by position
Botoff Consulting hopes that through this reliable and trusted data, advisors will be able to help guide their clients toward compensation decisions and strategy.
As always, if you have any questions about the report or joining The UHNW Institute, please do not hesitate to contact us.