What is a family office? Why do they pay pretty well?

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My friend from law school got a cushy in-house gig at a family office. He later ended up marrying one of the daughters.

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Read Bill Ackman’s twitter feed

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Usually a team that handles all matters for high-net-worth individuals and families. They typically pay well because they have the means to hire who they want and buy loyalty.

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I think it depends on how big it is. Like Bloomberg’s family office has funds lawyers etc

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