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Reply to "Please Define "Family Office""
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[quote=Anonymous]An invetment entity tied to the family's wealth. Traditionally took the form of a 'single family office', which is funded by a single family and has its own investment staff. At the richest end (Waltons, Bill Gates, Michael Dell, etc) it takes the form of a large investment firm with a bunch of employees who work to invest/manage the billions of dollars of family wealth. Investing in whatever the family wants - stocks, real estate, pe, etc. The less wealth the less employees. More recently financial advisor firms have started advertising as "multi-family offices", which do the investing as a third party for multiple/dozens/hundreds of families. [/quote]
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