Estate and Household Compensation Report by Morgan Stanley

Estate and Household Compensation Report by Morgan Stanley

Morgan Stanley collaborated with Botoff Consulting to conduct a compensation survey of household staff. This study is the first in the family office world that focuses solely on private service roles.

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Chicago’s Domestic Employee Contract Mandate

Under a new rule for the City of Chicago that takes effect Jan. 1, anyone who hires a domestic worker must provide them with a written contract in their primary language, as requested by the worker, regardless of their status as an employee or independent contractor.

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Opening a Winter Home for the Season

This time of year, many estate teams are headed to ski resorts and mountain homes to set up for the season. Their goal is to ensure that owners are met with a home that feels like a private luxury resort in which to entertain their family and guests. There are certain steps an Estate Manager can facilitate to prep the home for incoming residents.

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