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

The hedge fund billionaire Ray Dalio plans to open a family office in Abu Dhabi.

From New York Times

Tay, a seasoned banker who most recently served as the bank's head of wealth planning and family office dervices in Singapore, will assume Yee's previous role and will report to Yee in his new position.

From Reuters

When queried about his firm via LinkedIn, Eric Woods said: "I have nothing to say and my family office doesn't either."

From Reuters