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

The Hong Kong firm, which also runs Joe Tsai’s family office, has bucked the tough fundraising environment.

From The Wall Street Journal

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

Blue Pool also runs the family office and operating assets of Alibaba co-founder Joe Tsai.

From The Wall Street Journal

Weisberg and a separate team at Blue Pool run Tsai’s family office and the Tsai family’s operating assets, which include the Brooklyn Nets, the New York Liberty, Barclays Center and European vineyards.

From The Wall Street Journal

MSD began as the billionaire computer pioneer’s family office; it eventually raised money from outside investors, with that part of the business becoming MSD Partners.

From The Wall Street Journal