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.

---

Etymology

Origin of family office

First recorded in 2000–05

Example Sentences

Josh Kanter, who runs his family office, recently gathered around 13 family members and advisers in a rented Michigan vacation house.

From The Wall Street Journal

Garden Investments was started by Garden as a family office roughly two years ago, after he departed Trian Fund Management, another activist firm he helped start alongside Nelson Peltz.

From The Wall Street Journal

“The debate right now is, is it more of a company-specific episode, or is this something emblematic of the industry” and a sort of “canary in the coal mine,” said Jimmy Chang, chief investment officer for Rockefeller Global Family Office, in an interview.

From MarketWatch

His firm transitioned from being a traditional hedge fund to more of a family office in 2019.

From Barron's

Investor Stanley Druckenmiller’s Duquesne Family Office took on new stakes in U.S. financial companies, Brazil stocks, and U.S. airlines among other shifts in the fourth quarter as he added to stakes of Google and Amazon.

From Barron's