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

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

From MarketWatch

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.

From The Wall Street Journal

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

From The Wall Street Journal