Family offices are struggling to recruit and retain staff, and salary isn’t the biggest challenge

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

Investment firms of the ultra-wealthy spend as much as 72% of their budgets on C-level staff, according to a new report. And yet, even family offices with massive portfolios face headcount problems, per a survey by wealth manager AlTi Tiedemann Global and research firm Campden Wealth.

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Family offices are struggling to recruit and retain staff, and salary isn’t the biggest challenge

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