family office

[fam-lee aw-fis, of-is, fam-uh-lee]

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.

Word History and Origins

Origin of family office¹

First recorded in 2000–05

Example Sentences

Jeff Bezos’ billionaire dad is hiring a CEO to run his family office.

Read more on The Wall Street Journal

Warsh was hired in 2011 after Druckenmiller stopped taking outside investors’ money and set up the Duquesne Family Office to manage his “small nest egg,” in Warsh’s words.

Read more on Barron's

At Milken, Mexico was perceived as a strategic opportunity due to its proximity to the U.S., its young demographics and its large pension system, said Guadalupe Rodriguez, the chief investment officer at Mexican family office Talipot.

Read more on Los Angeles Times

Unlike other men who were recruited by the middleman, Luke says his initial contact was an assistant working for Mr Jeffries’ family office - a private company run by Mr Smith, which managed the then-CEO’s wealth and properties.

Read more on BBC

Shepherd Futures, the family office of Chobani CEO and founder Ulukaya, now owns the assets of Anchor Brewing.

Read more on Seattle Times