US Family Offices Dominate Pay Race With $1 Million CIO Salaries

US family offices are paying their top money managers the most competitive salaries globally as the number of private investment firms for the ultra-rich proliferate and they become increasingly professionalized.

Almost one of every five chief investment officers at US family offices make at least $1 million a year, the highest percentage worldwide, according to a report Tuesday from KPMG and recruitment firm Agreus Group.

About 9% of family office CIOs earned that amount in euros, while 16% hit the $1 million threshold across the Americas region, including Mexico and Canada. None reached the top rank in the UK ...