family office

American  

[fam-lee aw-fis, of-is, fam-uh-lee] / ˈfæm li ˈɔ fɪs, ˈɒf ɪs, ˈfæm ə li /

noun

1. a financial advisory firm for extremely wealthy private individuals that is designed to offer comprehensive management of all assets, especially one that serves a single family.

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Etymology

Origin of family office

First recorded in 2000–05

Example Sentences

Luke Jernagan, an Episcopal minister who now works at Matter Family Office, orchestrates these at the firm’s office or clients’ homes, sometimes meeting with parents and children four or five times beforehand to help them write scripts and ease heirs into the news.

From The Wall Street Journal

More broadly, optimism that the Federal Reserve will cut interest rates next month, a potential peace deal in Ukraine and easing tariffs have boosted stocks, said Gorr Sahakian, chief investment officer of the Hovnanian family office.

From The Wall Street Journal

Wright said that Snyder’s “family office” has mostly handled the sale process, adding he’s still “more than arm’s length away” from being directly involved.

From Washington Times

Regional banks “need positive news that shows their deposits are holding firm or growing,” said Rick Meckler, a partner at family office Cherry Lane Investments.

From Reuters

In a statement on Tuesday, Toyo confirmed it had asked Japanese authorities to investigate the family office.

From Reuters