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

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.

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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.

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Soros Fund Management LLC, the investment firm and family office linked to the billionaire philanthropist, also placed a new bet on Walt Disney Co.

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Cote’s family office already has around $1.1 billion invested in CompoSecure that will be rolled into the deal, and Platinum will roll over about $1 billion to keep a little less than a 20% stake in the combined business, the people added.

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When Kelce ultimately decides to invest in something, it’s usually alongside an institutional investor such as a family office or private-equity firm.

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