PANEL SUMMARY
Panelists shared insights into the highly competitive market for family office investment professionals and investment committee members. Families committed to hiring top talent must adopt a strategic approach, demonstrating to candidates an understanding of market norms and a commitment to compensating investment professionals transparently and appropriately. Incentive-based compensation structures such as carry plans and co- investment opportunities must be on the table if a family is to entice and retain the most sophisticated talent. Panelists also discussed the trend toward more formalized governance structures and decision-making processes, as family offices seek to build fully professionalized in-house investment capabilities.
ATTENDEE POLLING DATA
What recruiting challenges has your family office, or those you advise, experienced in the past year? Select all that apply:
(A) Available talent pool
38%
(B) Location of talent
23%
(C) Work from home requirements of candidates
10%
(D) In-office requirements of the firm
10%
(E) Current pay conditions
18%
Which structures does your family, or those you advise, leverage for family governance? Select all that apply:
(A) Advisory Board
18%
(B) Board of Directors
24%
(C) Family Assembly
16%
(D) Family Council
16%
(E) Investment Committee
21%
(F) Owner’s Council
5%
PALM BEACH FAMILY OFFICE FORUM | 11
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