Family_Office_Cost_Blank.xlsx  (the book's own figures)

1. The office, people (column B, column C):
   Chief investment officer                     450,000
   Chief operating officer                      300,000
   Investment analyst                           160,000
   Controller                                   140,000
   Administrator                                 90,000
   Employer costs and benefits (C14)          25%
   Bonus pool (C16)                           30%

1. The office, running costs (column B, column C):
   Premises                                     120,000
   Technology and reporting platform            145,000
   Audit, tax and legal                         190,000
   Custody and banking                           85,000
   Insurance, including directors' cover         55,000
   Travel, research, memberships                 80,000

2. The alternative, tier bounds C5:C7 ($m):   100   250   500
2. The alternative, rates D5:D8:              0.65%  0.50%  0.35%  0.25%

3. Your family, C5: any level; the appendix discusses 250, 300, 400 and 500.

Result: total cost 2,442,000; 244.2 bps at 100 million; crossover 566.8 million; hurdle 28.9 bps at 300.
