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

Two sons of Walmart founder Sam Walton—Jim Walton, co-manager of the family office and holding company Walton Enterprises, and Rob Walton, former Walmart chairman, are now among the elite top 10 of the Bloomberg index.

From Barron's • Apr. 1, 2026

Blue Pool Capital, led by Chief Executive Oliver Weisberg, also manages the family office and operating assets of Alibaba co-founder Joe Tsai.

From The Wall Street Journal • Mar. 20, 2026

Birchall heads Musk's family office and personal financial investments and business dealings.

From BBC • Mar. 4, 2026

Two JPMorgan managing directors, Justin Nelson and Paul Barrett, used their connection to Epstein to develop a commercial relationship between the bank and Black’s family office starting in 2014, recently released documents show.

From The Wall Street Journal • Feb. 27, 2026

Epstein had taken on a greater role at Elysium Management, Black’s family office, in 2012.

From The Wall Street Journal • Feb. 27, 2026