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Robert Frank - 2 William Sinclair - 2 Ausenbaugh - 2 Morgan - 1 We've - 1 Trish Botoff - 1 Botoff - 1 Carlyle - 1
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☆ Talent war between family offices and Wall Street drives up salaries
  + stars: | 2024-05-03 | by ( Robert Frank | ) www.cnbc.com   time to read: +5 min
"There's a real war for talent within family offices," said William Sinclair, U.S. head of J.P. Morgan Private Bank's Family Office Practice. According to the report, which surveyed 190 family offices with average assets of $1.4 billion, family offices that manage less than $500 million spend an average of $1.5 million a year for operating costs. Family offices between $500 million and $1 billion spend an average of $2.7 million, and those above $1 billion average $6.1 million. The biggest cost is staffing, which has become more expensive as family offices have tripled in number over the past five years. "If you look back 15 years ago, family offices were where people went to retire and have work-life balance," he said.
Persons: Robert Frank, William Sinclair, Morgan, We've, Trish Botoff, Botoff, Carlyle, Paul Westall, Westall, that's Organizations: Morgan Private Bank Global, Botoff Consulting, KKR, Blackstone, Agreus Locations: U.S
☆ Family offices are looking beyond the stock market for higher returns, new report finds
  + stars: | 2024-04-29 | by ( Robert Frank | ) www.cnbc.com   time to read: +5 min
The family offices covered by the survey had 26% of their assets invested in publicly traded stocks. The study surveyed 190 single family offices around the world, with an average of $1.4 billion in assets. In the U.S., only 49% of family offices have a long-term target return for their portfolio. Still, family offices use various benchmarks for their investment portfolios, with more than three-quarters of those surveyed using some benchmark to evaluate performance. Increasingly, family offices are looking to outsource more functions to reduce costs, especially among smaller family offices of under $500 million.
Persons: William Sinclair, Sinclair, cybersecurity, Robert Frank Organizations: JPMorgan Private Bank Global, Family, JPMorgan Private Bank, JPMorgan Locations: U.S
☆ Our base case remains that we'll still see a soft landing in the U.S.: JPMorgan's Elyse Ausenbaugh
  + stars: | 2024-04-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur base case remains that we'll still see a soft landing in the U.S.: JPMorgan's Elyse AusenbaughElyse Ausenbaugh, JPMorgan Private Bank global investment strategist, joins 'Squawk Box' to discuss the latest market trends, what to expect from today's March PCE inflation, state of the economy, and more.
Persons: we'll, Ausenbaugh Organizations: JPMorgan Private Bank Locations: U.S
☆ Our base case is for the Fed to deliver its first rate cut in June, says JPMorgan's Elyse Ausenbaugh
  + stars: | 2024-03-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur base case is for the Fed to deliver its first rate cut in June, says JPMorgan's Elyse AusenbaughElyse Ausenbaugh, JP Morgan Private Bank global investment strategist, joins 'Squawk Box' to discuss the state of the economy, what to expect from this month's CPI data, impact on the Fed's interest rate decision, and more.
Persons: JPMorgan's, Ausenbaugh, JP Organizations: Fed, JP Morgan Private Bank
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