Deals
Top Family Office CEOs Earned $830,000 in 2014, Fidelity Says
- CIOs, COOs also got median compensation of $500,000 or more
- Raises of 3% are expected in 2016, according to separate study
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Chief executive officers of the largest U.S. single family offices earned a median $830,000 in 2014 including salary, bonus and long-term compensation, according to Fidelity Investments, as competition for talent boosts its value.
Three of the top four positions at the firms overseeing the wealth of single families with more than $1 billion in assets paid at least $500,000 in median total compensation, the money manager said Monday in its first major report on pay in the secretive industry. Executives are likely to see moderate raises in 2016 earnings, according to a separate study.