Family Office Executive Search Challenge 4

Family Office Executive Search Challenge 4

by Richard C. Wilson & Family Offices Group Association Team

I wanted to explain to you a few family office recruiting challenges. I think that the family office industry is one of the most difficult industries to navigate if you are a career professional, but even more so to find great talent that is experienced in the right types of way for your family office. There are many different things that make it nearly impossible to easily find people who are experienced in the family office space, especially if you’re a single family office. 

Here is the first family office executive search challenge:

4. There are one or two more challenges I would like to mention to you real quick. One is comp levels. To get the best talent that can wear multiple hats and move quickly and really serve a family office well you often do have to pay close to top dollar and a lot of family offices are ran by entrepreneurs that are somewhat thrifty and have watched the dollar from the beginning to make sure it is not spent unwisely. And they might not be comfortable paying $750,000 or $650,000 a year. So that can be a challenge just overcoming that hurdle can be a big problem.

 
I hope this advice is helpful to you if you are just getting into the family office industry or trying to recruit people for the first time. I think that you will relate to many of the challenges I‘m talking about here. What we offer is a solution to many of these headaches. The Family Offices Group is by far the largest network of family office professionals in the world. Over 95% of family offices in the United States have somebody on their team that is party of our Family Office Association.  Hundreds of Single family offices in the United States and over 1,000 family offices globally are members. And we are in about 70 different countries now and so what we can do is help you with talent searches, recruitment, and executive searches for family offices. If you want to learn more please watch our video on family office executive search challenges here, visit us at FamilyOfficeExcutiveSearch.com, or you can contact me Richard Wilson at Clients@FamilyOfficeExecutiveSearch.com, and if you want to check out our Family Office Association and those resources, please go to FamilyOfficeReport.com or FamilyOfficesGroup.com. Thank you.

To view challenge number five, click here.

We run the Family Offices Group, the #1 largest family office association with 84,000+ global members. We offer live events, a bestselling book, Webinars, a family office database, and a family office training & certificate program called the Qualified Family Office Professional (QFOP). To get to know us please watch this 2 minute video, and contact us any time during pacific business hours by calling (212) 729-5067 or emailing us at Clients@FamilyOfficesGroup.com.

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