US Family Offices Top Pay Ranks With $1 Million CIO Salaries
- About 40% of US family office CIOs make at least that amount
- ‘They’re prepared to pay for the best’ in US, recruiter says
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It pays to be chief investment officer at a US family office.
The private investment firms of ultra-wealthy Americans have the greatest number of money managers in that role earning at least $1 million a year or the same total in other currencies, according to a report from KPMG and recruitment firm Agreus Group.