Family Office CFO Salary

Chief Financial Officer Salary in Family Offices

Are you looking for more information about the salary of the CFO Family Office? Whether you are a company that aims to hire top financial talent or a CFO who wants to check career options, our guide gives you all insight into the compensation of a Family Office CFO.

The main purpose of this guide is to help you understand the salary structure of CFOs within the Family Office. If you want to know the accurate salary figure for the CFOs of the Family Office, visit the page of your location in our guide. You’ll get the exact amount when you reduce the figure’s value by 2%.

Family Officers mainly deal with distinct financial needs. They offer personalized solutions and manage diverse assets. Therefore, they need highly skilled CFOs. 

Generally, the average salary rate of CFOs in family offices is 2% lower than all other sectors. Our guide provides an in-depth comparison of the salaries of Family Office CFO with other sectors.

Why download the CFO Recruit Salary Guide?

We do not randomly put data in our salary guide. Instead, we source our data from industrial experts, databases and surveys from our CFO candidate database.

How do we ensure the accuracy of CFO Family Office salary information?

We operate one of the biggest CFO candidate databases in the US. With the help of our unique registration portal, we collect different salary-related data from the candidates. 

We ask for the CFOs current salary, future expectations, and benefits. As the data directly comes from experts working in the field, it helps us to give you only accurate figures. We update our CFO salary guide annually based on the market’s diverse trends. 

Family Office CFO Salary by Sector

Our comprehensive CFO Salary Guide highlights different factors that influence the salaries of CFOs in family offices.

• Asset Scale and Complexity: The size of assets and work complexity of a CFO mainly determines the salary rate within family offices. 
• Company Size: Large family offices, especially with international footprints, demand strong financial oversight. This leads to a higher salary rate for CFOs.
• Experience and Expertise: The skill set of CFOs, like tax planning and risk strategy, and their proven work history result in higher salaries.

Understanding CFO Salaries in Family Offices: What You Need to Know

The salary of a CFO may vary from sector to sector based on their location and work. According to our recent data, the salary of a Family Office CFO is 2% lower than the average salary of all sectors. 

This shows that the family office has a unique financial structure that demands a special type of expertise and offers salaries based on the nature of the work.

The Family Office Difference: A 2% Gap

Now, the question is, what caused this difference in the first place? The main reason is the unique financial and working needs of the Family Office. This basically leads to slightly lower salaries for CFOs than in other sectors. 

However, Family Office CFOs still benefit from additional benefits. For instance, they get performance-based incentives, bonuses, and more compensation elements.

Our Salary Guide is split by company size for the following turnover classifications; $10-29M | $30-79M | $80-149M | $150-249M | $250-499M | $500-999M | $1BN-5BN. 

How to Calculate Competitive CFO Salaries in Family Offices

If you want to learn about the exact salary amount that you will offer to CFOs, then first understand the average salary of your region. Once you know the figure, simply decrease it by 2% to get the amount based on Family Office market values.

Suppose the average rate of a CFO in your region is $200,000. Now subtract 2% from it. You will get $196,000, which is the average salary of the family office CFO. This little adjustment is necessary to align with the industrial values of family offices. 

If you pay your candidates fewer values that do not match your industry standards, then this might lead to retention.

In our Family Office CFO Salary Guide, you’ll find…

• The average CFO Family Office Salary
• CFO salary ranges by company size in Family Offices
• CFO salaries for smaller Family Offices
• CFO salaries for larger Family Offices, including multi-generational family operations

Download the CFO Family Office Salary figures now.