Exploring family offices: Investment perspectives
In general, family offices are entities established by wealthy families to manage their wealth, plan for their families’ financial future, and provide other services to family members. Specifically, “family office” is defined under the Investment Advisers Act of 1940 as a company that:
has no clients other than family clients
is wholly owned by family clients
is exclusively controlled by one or more family members and/or family entities; and
does not hold itself out to the public as an investment adviser
For additional information about family offices, please see the SEC’s “family office rule” here.